Corporate
Ayala to redeem P4 billion worth of bonds in May
Ayala Corp., a diversified investment holding company, said Friday it will redeem next month P4 billion worth of three-year bonds.
Monde Nissin narrows losses to only P625 million in 2023
Monde Nissin Corp., makers of Lucky Me! Noodles and the popular Skyflakes crackers, still reported a loss after tax of P625 million in 2023, sharply lower than prior year’s loss of P13.01 billion attributed to the non-cash, non-operating impairment of assets in its vegetable meat business.
Balai ni Fruitas net profit bolstered by expansion, higher same store sales
Balai ni Fruitas Inc., a listed counter service bakery operator, said Thursday net profit last year surged 58 percent to P59 million, reflecting higher revenue higher same store sales on account of increased foot traffic in shopping malls, opening of more stores, and the introduction of new products.
Popular brokers eToro have no business selling its services in the Philippines
The brokerage firm eToro regulated by authorities n the United Kingdom, Europe, Australia, Gibraltar and the US has no business selling its services in the Philippines, the Securities and Exchange Commission (SEC) said on Wednesday.
SMC toll unit posts net income growing 20% in 2023 to P4.17 billion
The tollway unit of San Miguel Corp. on Wednesday reported net income growing 20 percent in 2023 to P4.17 billion, pushed by higher revenue and lower costs.
