Corporate
SM Group reports 6% rise in 1Q net income to P18.4 billion
SM Investments Corp., the holding firm of the Sy family, reported net income growing 6 percent to P18.4 billion in the first three months this year from only P17.3 billion last year, as group retail income fell on moderated spending by consumers.
Montinola resigns from RCI as independent director
Former banker Aurelio Montinola III, has resigned his post as independent director at Roxas and Co. (RCI).
Globe junks old equipment for new and cuts power consumption by 3,808 megawatt-hours
Globe Telecom is revamping its network with cutting-edge, energy-saving solutions and phasing out older, less efficient equipment.
Century Pacific starts the year with 16% revenue growth in 1Q
Century Pacific Food, Inc., one of the leading food and beverage companies in the Philippines, has released unaudited first-quarter financial results this year showing consolidated revenue growing 16 percent from a year earlier while net income after tax increased 15 percent.
Vista Land to offer preferred shares to fund various projects
Vista Land & Lifescapes Inc., a property development arm of the Villar Group, said Wednesday it will register with the Securities and Exchange Commission up to 50 million preferred shares it would issue in the future to raise funds for various projects.`
