Corporate
Sprawling queues for subsidized rice highlight plight of Indonesia’s poor
In the afternoon sun, dozens of Indonesians, mostly women, gather in a snaking queue to buy bags of subsidised rice, their arms poking through a metal gate to grab tickets assuring them a spot to make a purchase.
Consumer spending drives SM Investments earnings in 2023
SM Investments Corp., the investment holding company of the Sy Group, said Wednesday net income grew 25 percent to P77 billion in 2023, driven by steady economic growth, a robust banking sector, and strong consumer spending.
Semirara Mining net income down 30% to P27.9B in 2023
Semirara Mining and Power Corp. said Wednesday that its net profit last year dropped 30 percent to P27.9 billion, still the second highest in...
Residential projects, malls drive Filinvest Land 2023 net profit to P3.77B, up 30%
Filinvest Land Inc., one of the leading real estate developers in the country, said Wednesday net profit last year rose 30 percent to P3.77 billion on...
Strategic agility drives Megaworld net profit 29% higher to P17.3B in 2023
Megaworld Corp. said Wednesday its net profit last year jumped 29 percent year-on-year to P17.3 billion, underscoring the gains from the strategic agility exhibited...
