Corporate
Manila Water takes full control of Upper Wawa Dam
Manila Water has strengthened its commitment to providing reliable water service across the East Zone after officially taking over operations of the Upper Wawa Dam in October. The move follows the company’s full acquisition of WawaJVCo from Prime Infra, bringing all operations of the Wawa Bulk Water Supply Project under Manila Water’s management.
Shell Pilipinas profits surge, cash flows strong
Shell Pilipinas Corp., the second largest oil company in the country, fired up its performance in the first nine months of the year, booking core earnings of P2.5 billion, up 10 percent year-on-year. That pushed net income to P1.3 billion, higher by 33 percent from the same period last year.
Apex Mining strikes gold with 78 percent surge
Apex Mining Co. Inc. delivered a gleaming performance this year, posting a consolidated net income of P5.45 billion for the first nine months — up 78 percent or P2.38 billion from last year’s P3.07 billion. The third quarter alone contributed a hefty P2.15 billion, compared to P1.31 billion a year earlier.
Robinsons Retail secures PCC clearance for Premiumbikes acquisition
Robinsons Retail Holdings Inc., the listed retail arm of the Gokongwei Group, said it secured the greenlight from the Philippine Competition Commission (PCC) to...
SM Prime’s Q3 profit rises 8% on strong mall, convention center performance
SM Prime Holdings Inc. reported an 8 percent increase in net income to ₱12.8 billion for the third quarter, up from ₱11.8 billion a year earlier, driven mainly by its mall and convention center businesses.
