Corporate
SEC reports frenetic corporate registration in 2022
Company registration at the Securities and Exchange Commission (SEC) hit a record high last year. It reported 42,926 corporate registrations, 13 percent higher than only 38,052in 2021, a record high in the agency’s 85-year history. In 2021, the number of company registrations jumped 67 percent as the business sector started to recover from the pandemic in 2020.
Elon Musk asks court to reject SEC’s bid to make him testify in Twitter probe
Elon Musk asked a federal judge on Thursday not to force him to testify in the U.S. Securities and Exchange Commission's probe into his $44 billion takeover of social media site Twitter.
China iPhone sales strong, Apple tells investors as Huawei threat looms
Apple said on Thursday that demand for its iPhones in China was strong, trying to reassure investors who are worried it is losing ground to a newly resurgent Huawei Technologies and other local smartphone makers.
Aboitiz Equity 9-month earnings drop 16% on lower one-off gains
Aboitiz Equity Ventures Inc. said Tuesday net income dropped 16 percent year-on-year to P18 billion in the first nine months as non-recurring gains dropped significantly this year.
DMCI Holdings earnings plunge on normalizing coal, nickel price
Normalizing coal and nickel prices undermined earnings of DMCI Holdings Inc., sending the nine-month net income of the diversified engineering conglomerate down 28 percent to P20 billion from P27.6 billion in the year-earlier period.
