Corporate
Belle more than doubles profit in 2022; declares cash dividend
Belle Corp., a listed developer of tourism and leisure destinations, said Wednesday it more than doubled its net profit to P1.71 billion from P745...
PAL Holdings OK swap ratio for Philippine Airlines shares
The board of PAL Holdings Inc., a company owned by tycoon Lucio Tan, has approved the exchange ratio for the swap of its shares with those of Philippine Airlines, the country’s first flag carrier.
SMIC launches tender offer for all 2Go shares
Conglomerate SM Investments Corp. has launched a tender offer for all shares the public owns at its ferry operator, 2Go Group Inc.
Manila Water income surges on other operating revenues
Manila Water Co., the water concessionaire in the East Zone of Metro Manila, said Tuesday net profit in 2022 surged 61 percent to P5.92 billion as revenues were driven higher by earnings from pipework and integrated used water services, connection fees, and cross border billings.
China Bank 2022 net profit at P19.1B, up 27%
China Banking Corp., the country’s fifth largest lender by assets, said Tuesday net profit last year rose 27 percent to P19.1 billion, pushing return on equity to 15.1 percent and return on assets to 1.6 percent.
