Corporate
SM Prime profit soars 12%, sets sights on record year
Mall operator SM Prime Holdings Inc., on Monday reported a 12 percent increase in net income for the first three quarters of 2024, reaching P33.9 billion, up from P30.1 billion in the same period last year.
San Miguel Corp. reports 19% income growth in 9 months despite challenges
Conglomerate San Miguel Corporation (SMC) announced on Monday that its net income for the first nine months of 2024 increased by 19 percent to P37.1 billion, up from P31.18 billion in the same period last year, driven by robust performance across its diverse business segments despite challenges like typhoons and currency fluctuations.
DoubleDragon starts public offer of P10 billion retail bonds
DoubleDragon Corp. started on Monday a 10-day public offer of its 5.5-year retail bond offer that aims to raise P10 billion to fund its expansion plans.
Globe Telecom plans further capex cuts, eyes revenue growth
Globe Telecom said on Monday that it plans to further reduce its 2025 capital expenditure (capex) to below USD1 billion as part of its ongoing cost management strategy.
UnionBank buys 27.5% stake in ATRAM; merge trust units
Union Bank of the Philippines and the ATRAM Group have entered into a strategic investment agreement, under which UnionBank will acquire a 27.5 percent stake in ATR Asset Management Inc. The remaining 72.5 percent of ATRAM will be retained by existing shareholders.
