Corporate
Phoenix Petroleum to raise P1B from SG subsidiary divestment
Phoenix Petroleum Philippines Inc. on Wednesday said it will raise as much as $19,210,000 or P1.09 billion from the divestment of its stake in PNX Petroleum Singapore Pte. Ltd. (PNX SG).
BPI shortens P5B bond offer period by 9 days to Wednesday
Bank of the Philippine Islands, the country’s third largest lender by assets, said it will end Wednesday the offer period for its 1.5-year, P5 billion...
Nasdaq to expand PHL office to 400 employees
Nasdaq Philippines Inc. is expanding its workforce to 400 employees by the end of 2024, an increase of about a third from the current number.
Microsoft’s AI bets boost cloud business, Alphabet yet to find silver lining
Google-parent Alphabet's cloud business suffered as long-time rival Microsoft's took off in the September quarter, demonstrating early signs that the Windows maker's investment in artificial intelligence was paying off.
Puregold income growth tamed by higher cost, margin squeeze
Puregold Price Club Inc. said Tuesday net profit in the nine months of 2023 rose 2.1 percent year-on-year to P6.6 billion, failing to match the growth sales as margins were compressed and operating expenses rise.
