Corporate
Phinma Corp. income drops despite revenue growth
Phinma Corp. reported a 37 percent decline in net income to ₱936.87 million in 2023, down from a restated ₱1.5 billion the previous year, primarily due to weaker sales in its property unit and one-off accounting adjustments, the company said on Tuesday.
PHINMA posts higher revenue, lower net income
PHINMA Corp. said consolidated revenue last year rose to P23.76 billion from P21.27 billion in 2023, as its strategic business units continued to deliver topline growth despite challenging market conditions.
PSE acquires additional 8% stake in PDSHC
The Philippine Stock Exchange Inc. (PSE) announced on Tuesday that it has completed the acquisition of an 8 percent stake in the Philippine Dealing System Holdings Corp. (PDSHC), increasing its ownership to approximately 91 percent.
BDO serves up dining deals up to 55% off for credit cardholders
Dining out just got tastier—and a whole lot more affordable—for Filipino foodies, thanks to a major dining promotion from BDO Unibank.
Emperador eyes 2025 recovery with shift to budget brandy amid global headwinds
Emperador Inc., the liquor unit of billionaire Andrew Tan’s Alliance Global Group, is repositioning its brandy portfolio toward the lower-priced segment in a bid to recover from a difficult 2024, where net income dropped sharply on the back of weakening global demand and continued investment spending.
