Corporate
Megaworld to invest P500 million from sale of MREIT shares in 3 townships
Megaworld Corp., the property development arm of tycoon Andrew Tan, said Tuesday it plans to invest the P500 million it raised from the sale of MREIT shares in its township projects in Bacolod, Cebu and Pasig.
Jollibee declares P1.29 billion cash dividend for shareholders on record May 9
Jollibee Foods Corp., the country’s largest fast food chain, said Tuesday it declared a cash dividend worth a total P1.29 billion.
Construction business drives Megawide earnings back in the black
Megawide Construction Corp. said Tuesday that robust growth in its construction business helped it book a P269 million net profit last year, a sharp reversal from the P1.87 billion loss it recorded in 2022.
Suntrust board approves $38 million loan from LET Group
Suntrust Resort Holdings Inc., co-developer of the Westside City Resorts World project at the Entertainment City, has obtained a 10-year USD38 million loan from China's LET Group Holdings Ltd.
Atlas Mining 1Q net profits more than double to P563 million on higher mine output, gold price
Atlas Mining 1Q net profits more than double to P563 million on higher mine output, gold priceCorporateAtlas Consolidated Mining and Development Corp. said Monday first-quarter net profit more than doubled to P563 million from P264 million in the year-earlier period, helped by increased mine output and higher price of gold.
