Upson International Corp., a leading information technology retailer in the Philippines, said Monday net income last year dropped 14 percent to P464.2 million as gross margin fell and higher pre-operating costs.
San Miguel Corp., a diversified company with interest in manufacturing, infrastructure development and power, among others, said it is ready to redeem all or parts of the P30 billion in fixed-rate bonds it issued in 2021 should bondholders exercise their put options.
In a special meeting held today, the board of directors of Semirara Mining and Power Corporation approved a regular cash dividend of P1.50 per share and a special cash dividend of P2.00 per share, which amounts to P3.50 per share.
The construction of the Kaliwa Dam in the provinces of Rizal and Quezon is now 30 percent complete, according to the Metropolitan Waterworks and Sewerage System (MWSS).