Corporate
Metro Retail profit in H1 jumps 45% as expansion pays
Metro Retail Stores Group Inc. (MRSGI) grew first-half net income by 45 percent to P212.2 million, as store expansion, renovations, and tighter product selection...
ABS-CBN raises P6B to fund media reboot
ABS-CBN Corp. is raising P6 billion in fresh equity as the media giant looks to shore up its balance sheet and accelerate a business reset built around content, intellectual property, and entertainment.
PDIC recognized for strengthening Philippine banking industry
The Philippine Deposit Insurance Corp. (PDIC) has been recognized by the Bankers Institute of the Philippines (BAIPHIL) as one of its most active member institutions, underscoring the deposit insurer’s support for professional development and a stronger Philippine banking industry.
Lopez family’s P2.2B investment backs ABS-CBN recovery
The Lopez family’s controlling shareholders will invest P2.2 billion of their own money in ABS-CBN Corp., providing fresh financial support as the media company addresses obligations to long-serving employees and pursues its recovery plans.
Monde Nissin core income rises 16% in first half on strong biscuits, new product sales
Monde Nissin Corp. reported Wednesday that its core income climbed 16 percent to P5.49 billion in the first half of the year, up from P4.73 billion in the same period last year, driven by stronger sales of biscuits and other newer product lines.
