Corporate
PXP Energy narrows 1H net loss on higher crude oil volume, price
PXP Energy Corp. said Thursday it narrowed first-half net loss on higher oil production from the Galoc field and average crude oil prices, reduced overhead expenses and lower net interest expenses.
Jollibee not keen on launching Compose Coffee in PH
Fast food giant Jollibee Foods Corp. on Thursday ruled out bringing the recently-acquired South Korean Compose Coffee brand to the Philippines over the next few years, preferring instead on focusing on growing the brand’s market share in its home country.
Filinvest Hospitality to develop diner in 730-square-meter Camp John Hay property
ilinvest Hospitality Corp., a unit of listed Filinvest Development Corp., has secured a 730-square-meter prime property in Baguio City that was offered in a bidding by the Bases Conversion and Development Authority and John Hay Management Corp.
Better margins from cooking gas business boosts Pryce 1H earnings
Pryce Corp. on Thursday reported first half net income surging 61 percent to P1.32 billion on improved margins from the sale of liquefied petroleum gas, or LPG, across Luzon.
Globe completes sale-and-leaseback deal with Frontier Tower for 3,529 towers
Globe Telecom Inc., the telecommunications and financial technology business of the Ayala Group, said Thursday it has completed the sale of assets to Frontier Tower Associates Philippines Inc. with the transfer of the final batch of 1,037 telecom towers for a cash consideration of P13.17 billion.
