Corporate
Nickel supply glut weighs down earnings of Nickel Asia in 1H
Nickel Asia Corp. said Thursday attributable net income in the first half dropped 36 percent to P1.12 billion, hurt by lower nickel prices due to a supply glut.
Cebu Landmasters secure joint venture deal for residential condominium project
Cebu Landmasters Inc., a listed property company based in the Visayas, said Thursday it has entered into a new joint venture with Cebu City-based real estate firm Martinez Agricultural Corp. to develop a residential condominium project.
Better branded food margins lift Monde Nissin profit; offset non-cash loss in 2Q
Monde Nissin Corp., the leading food producer behind "Lucky Me!" instant noodles, reported Wednesday that net income in the first half increased by 17.4 percent to P4.1 billion despite a substantial non-cash accounting loss booked in the second quarter.
Six-month SMFB income rises 6% to P20 billion
San Miguel Food and Beverage Inc. on Wednesday reported first-half income growing 6 percent to P20 billion from previous year’s P18.8 billion, driven higher by its liquor sales.
MUFG investment helps ease GCash need to raise funds from IPO
Globe Fintech Innovations Inc. (Mynt), the parent company of GCash, is in no rush to undertake an initial public offering (IPO) having already secured investments of $786 million from Mitsubishi UFJ Financial Group (MUFG) to help fuel its growth.
