Corporate
Meralco 1Q income up 11 percent; full-year income seen over P40 billion
The Manila Electric Co. (Meralco) on Monday reported an 11 percent increase in consolidated core net income over three months this year reaching P10.1 billion compared to only P9.05 billion last year.
Steniel’s 18-year stock trading suspension at PSE ends Tuesday
The Philippine Stock Exchange Inc. on Monday lifted the trading suspension imposed on paper firm Steniel Manufacturing Corp. the past 18 years.
OceanaGold starts public offer of shares to raise P6.08 billion
OceanaGold (Philippines) Inc. started Monday the initial public offer of common shares, representing a combined 20 percent stake in the gold and copper producer, that will raise P6.08 billion. The public offer will end on May 6.
Philex Mining 1Q earnings drop as gold, copper output fall
Philex Mining Corp., one of the oldest and largest gold and copper producers in Southeast Asia, said Friday core net income dropped P105 million from P388 million in the year-earlier period, with higher gold prices failing to overcome the sharp decline in gold and copper production.
DMCI Group secures deal to buy controlling stake in Cemex Holdings for USD305.6 million
Cemex Holdings Philippines Inc. said Thursday its indirect parent, Cemex Asia B.V., agreed to sell to the DMCI Holdings group for USD305.6 million all of...
