Corporate
Funding plan requires DITO CME to raise more than P40 billion over four years
DITO CME Holdings Corp. has thus far raised only 14 percent or P5.5 billion in capital funds the enterprise needs to address its negative equity and finance the more than P40 billion required to keep the business from falling over between now and 2028.
Nickel supply glut weighs down earnings of Nickel Asia in 1H
Nickel Asia Corp. said Thursday attributable net income in the first half dropped 36 percent to P1.12 billion, hurt by lower nickel prices due to a supply glut.
Cebu Landmasters secure joint venture deal for residential condominium project
Cebu Landmasters Inc., a listed property company based in the Visayas, said Thursday it has entered into a new joint venture with Cebu City-based real estate firm Martinez Agricultural Corp. to develop a residential condominium project.
Better branded food margins lift Monde Nissin profit; offset non-cash loss in 2Q
Monde Nissin Corp., the leading food producer behind "Lucky Me!" instant noodles, reported Wednesday that net income in the first half increased by 17.4 percent to P4.1 billion despite a substantial non-cash accounting loss booked in the second quarter.
Six-month SMFB income rises 6% to P20 billion
San Miguel Food and Beverage Inc. on Wednesday reported first-half income growing 6 percent to P20 billion from previous year’s P18.8 billion, driven higher by its liquor sales.
