Corporate
LT Group income expands 24% in 2022
LT Group Inc., the holding firm of tycoon Lucio Tan, reported attributable income last year growing 24 percent to P25.14 billion from previous year’s P20.25 billion, partly as a result of the elimination of gains from the transfer of assets.
Philex latest Padcal reserves estimate suggest mine operation till 2027
Philex Mining Corp., the Philippines’ largest copper and gold miner, said Friday the latest mineral reserve estimate in its Padcal mine showed total proved...
Home Credit Philippines sanguine on expanding customer base to 10M
Although officials acknowledge the rising interest rate environment is a tough challenge, consumer finance provider Home Credit Philippines is confident of adding some 70,000 more clients this year and lift its customer base to 10 million from or less 9.3 million at the moment.
Aboitiz Group to spend P78 billion in capex for the year
Aboitiz Equity Ventures Inc. has boosted its capital expenditures this year by 10 percent to P78 billion from P70 billion last year.
Dollar bond valuation adjustments pull San Miguel income down 44% in 2022
Unrealized losses arising from valuation adjustments of its foreign currency-denominated long-term debt helped the conglomerate San Miguel Corp. to report its 2022 income falling 44 percent to only P26.76 billion from P48.15 billion in 2021.
