Corporate
Aboitiz Equity net income slipped to P23.5B in 2023
Aboitiz Equity Ventures Inc., the investment holding arm of the Aboitiz Group, on Tuesday reported consolidated net income of P23.5 billion in 2023, down 2 percent from the previous year on lower contribution on Union Bank of the Philippines.
Lack of one-off gains help push 2023 AEV income 2% lower
Aboitiz Equity Ventures Inc. on Tuesday reported net income in 2023 falling 2 percent to P23.5 billion from previous year’s P24 billion. The diminution was traced to non-recurring foreign exchange gains reported in 2022.
Domestic gaming market drives Bloomberry earnings in 2023
Bloomberry Resorts Corp., the listed casino and resort operator of tycoon Enrique Razon Jr. that owns Solaire, said Monday net profit surged 85 percent last year to P9.5 billion, driven mainly by the strong domestic gaming market.
Maynilad completes P208M pipe replacement project in Manila
West Zone concessionaire Maynilad Water Services, Inc. has completed a P208 million pipe replacement project in Sampaloc, Manila that improved water pressure and reduced losses in the area.
Former regulations officer sits as new SEC commissioner
Former colleagues welcomed back Hubert Dominic B. Guevara as commissioner of the Securities and Exchange Commission on his first day in office on Monday, vice Kelvin Lester K. Lee, whose term has ended.
