Corporate
Hot weather, wider distribution network drive Concepcion Industrial earnings 31% higher in 1Q
A wider product portfolio, retail presence and distribution network as well as a hotter weather in the first quarter helped double the net income to P186 million of Concepcion Industrial Corp., the country's leading provider of consumer lifestyle and industrial products.
LPG sales fuel net income of Pryce Corp. higher in 1Q
Liquefied petroleum gas sales, used mainly for cooking, fueled the nearly 40 percent gain in the net income of Pryce Corp. in the first quarter to P713.7 million.
SM Prime sets P100 billion capex, declares P10 billion cash dividend
SM Prime Holdings Inc., the property development arm of the Sy Group, said Tuesday it is looking at a P100 billion for capital spending to support various programs for this year and sustain growth.
SM Prime defers coming out with its own REIT
Shopping mall operator SM Prime Holdings Inc. ruled out the establishment of its own real estate investment trust (REIT) this year citing unfavorable market conditions.
San Miguel selling P20 billion in fixed-rate bonds
Conglomerate San Miguel Corp. is selling P20 billion in fixed-rate bonds taken out of the balance of a P50-billion shelf registration lodged with the regulator.
