Corporate
BPI posts record net income of P48B from Jan-Sep
The Bank of the Philippine Islands, the banking arm of the Ayala Group, said Thursday it posted a record net income of P48 billion in the first nine months of 2024, a 24 percent increase in the year-earlier period. The earnings growth was driven by strong revenue performance and positive operating leverage.
Philippine Seven Corp. eyes 500 new 7-Eleven stores in 2025
Philippine Seven Corp., the local licensee of the globally recognized 7-Eleven convenience store chain, has announced an ambitious plan to open approximately 500 new stores throughout the Philippines in 2025.
ABS-CBN lays off 100 employees amid revenue decline
ABS-CBN Corp. on Wednesday announced laying off 100 employees, representing about 3 percent of its workforce, as it grapples with declining revenue from its television and pay TV operations.
DMCI Holdings declares P6.4B in special cash dividends; 2024 dividends reach P1.20 per share
The board of directors of DMCI Holdings, Inc. approved the declaration of P0.48 per common share in special cash dividends for shareholders on record as of 30 October 2024.
Semirara Mining declares P10.6 billion special cash dividend
Semirara Mining and Power Corp. said Wednesday its board declared a P2.50 cash dividend for each common share for a total P10.6 billion, a decision that reflects the listed company’s commitment to returning value to shareholders.
