Corporate
ABS-CBN lays off 100 employees amid revenue decline
ABS-CBN Corp. on Wednesday announced laying off 100 employees, representing about 3 percent of its workforce, as it grapples with declining revenue from its television and pay TV operations.
DMCI Holdings declares P6.4B in special cash dividends; 2024 dividends reach P1.20 per share
The board of directors of DMCI Holdings, Inc. approved the declaration of P0.48 per common share in special cash dividends for shareholders on record as of 30 October 2024.
Semirara Mining declares P10.6 billion special cash dividend
Semirara Mining and Power Corp. said Wednesday its board declared a P2.50 cash dividend for each common share for a total P10.6 billion, a decision that reflects the listed company’s commitment to returning value to shareholders.
Bloomberry refinances P72B loan ‘to improve bottom line’
Bloomberry Resorts Corp. has obtained a P72 billion syndicated loan to refinance borrowings of P93.5 billion from 2018 and 2020.
7-Eleven opens 4,000th store in PH
Philippine Seven Corp., the domestic licensee of the 7-Eleven convenience store brand, has officially opened its 4,000th store in the Philippines, marking a significant milestone in the company's growth. The new store, located in Newport District, Pasay, reflects the company's commitment to providing convenient services across the nation.
