Corporate
STI Holdings 6-month earnings surge on strong enrollment growth
STI Holdings Inc., the listed owner of the largest private school network in the country, reported net profit in the six months to December more than doubled to P517.8 million from P223.2 million in the year-earlier period, bolstered by strong enrollment growth.
Residual assets sale could generate as much as $400 million for Ayala Corp.
Ayala Corp. could generate between $350 million to $400 million from the divestment of water and railway assets it no longer controls.
The amount, Ayala...
PSE begins VWAP trading in March
The Philippine Stock Exchange Inc. will begin volume weighted average price (VWAP) trading on March 1.
This comes after the Securities and Exchange Commission approved...
OpenAI valued at $80 billion after deal, NYT reports
Microsoft-backed MSFT.O OpenAI has completed a deal that values the artificial intelligence company at $80 billion or more, the New York Times reported on Friday, citing people with knowledge of the deal.
Business, trade groups denounce P100 legislated wage hike as a burden for MSMEs, informal workers
Most major trade and business organizations in the Philippines have expressed strong opposition to the Senate-proposed P100 minimum wage increase, warning of grave consequences for micro, small and medium enterprises (MSMEs) and the millions of workers in the informal sector.
