Corporate
Minerals extractor pays P397.7M local business tax to support municipalities
Oceana Gold Philippines Inc. has remitted P397.7 million as local business tax (LBT) this year to three municipalities in Nueva Vizcaya and Quirino province.
SMPC reports thinner profits despite record coal shipments
Semirara Mining and Power Corp. (SMPC) on Monday reported a 29.7 percent decline in net income for 2024, to P19.6 billion from P27.9 billion in 2023, despite posting record-high coal shipments.
LT Group reports 14% rise in net income in 2024
The LT Group Inc., the holding company led by tycoon Lucio Tan, reported a 14 percent increase in attributable net income in 2024 reaching P28.92 billion, up from P25.42 billion in 2023. The performance was driven by strong contributions from its tobacco, banking, and alcohol segments.
DNL sets aside P1B for plant expansions
Chemical manufacturer D and L Industries Inc. (DNL) has announced a P1 billion fund for capital expenditures (CapEx) supporting minor expansions at its Batangas plant.
SM Investments joins share buyback trend, sets P60B budget
SM Investments Corp. (SMIC), the flagship investment arm of the SM Group, has unveiled a historic share buyback program worth up to P60 billion—a little over USD1 billion at current exchange rate, aligning itself with a growing trend among Philippine Stock Exchange-listed companies to address the decline in share prices by repurchasing their own stocks.
