Corporate

Jollibee taps former Starbucks executive as Smashburger CEO 

Jollibee Foods Corp. has appointed former Starbucks executive Denise Nelsen as Smashburger chief executive officer. 

Higher electricity prices, interest income buoy First Gen income in 2023

First Gen Corp., the listed clean and renewable energy company of the Lopez Group, said Thursday its net income last year rose 4 percent to  P15.4 billion on the back of higher electricity prices and better interest income on internally-generated cash.

Water board takes back guarantee of uninterrupted water services in April

Earlier assurances against uninterrupted water services across Metro Manila in April have proven tentative with the regulator, the National Water Resource Board (NWRB), now saying the first two weeks will enjoy the full measure but the other two weeks may not.

Cebu Landmasters earnings bolstered by strong real estate sales in 2023

Cebu Landmasters Inc., a listed property developer whose home market is in the Visayas and Mindanao, said Wednesday net profit in 2023 increased by13 percent year-on-year to P3.58 billion on strong real estate sales and steady growth in hotel and leasing operations.

Didipio Mine’s 2023 gold production up by 22%

The Didipio Mine in 2023 registered a 22 percent year-on-year increase in gold production that met its full year production guidance. 

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