Corporate
Jollibee aims to triple net income in 5 years primarily through overseas expansion
Ernesto Tanmantiong, president and chief executive officer of Jollibee Foods Corp., aims to triple the net income of the Philippines’ largest restaurant group within the next five years.
Del Monte books wider 4Q net loss of USD76.7 million on weaker US sales
Del Monte Pacific Ltd., the global food and beverage brand listed in the Philippines and Singapore stock exchanges, said Monday had a net loss of USD76.7 million in its fourth quarter ended 30 April, wider than the net loss of USD11.9 million in the same period last year.
Petron eyes P17 billion from new offer of preferred shares
Petron Corp., the country’s largest oil company and unit of San Miguel Corp., said Monday it filed with regulators an application to raise as much as P17 billion from the sale of 17 million Series 4 preferred shares.
GT Capital names George Uy-Tioco as new chief financial officer
GT Capital Holdings Inc., the listed investment holding company of the Ty Group, said Monday George S. Uy-Tioco Jr. has been appointed as its new chief financial officer.
Citicore, SMC Global in a 153.5MW solar farm joint venture
Citicore Renewable Energy Corp. said it formed a joint venture company with SMC Global Light and Power Corp. that will develop, construct, and operate a153.5 megaWatt solar power farm in Mariveles, Bataan.
