Corporate
Home Credit Philippines sanguine on expanding customer base to 10M
Although officials acknowledge the rising interest rate environment is a tough challenge, consumer finance provider Home Credit Philippines is confident of adding some 70,000 more clients this year and lift its customer base to 10 million from or less 9.3 million at the moment.
Aboitiz Group to spend P78 billion in capex for the year
Aboitiz Equity Ventures Inc. has boosted its capital expenditures this year by 10 percent to P78 billion from P70 billion last year.
Dollar bond valuation adjustments pull San Miguel income down 44% in 2022
Unrealized losses arising from valuation adjustments of its foreign currency-denominated long-term debt helped the conglomerate San Miguel Corp. to report its 2022 income falling 44 percent to only P26.76 billion from P48.15 billion in 2021.
Jollibee income hits P7.55 billion in 2022
Fast food giant Jollibee Foods Corp. on Thursday reported net income last year rising 26 percent to P7.55 billion from previous year’s P5.5 billion, despite weaker fourth-quarter profits.
Converge reports 4% more income totaling P7.43B in 2022
Converge ICT Solutions Inc. on Thursday reported net income falling 33 percent in the fourth quarter last year due to "poor quality" of subscribers acquisition and higher financing and operating costs.
