Corporate
CDO water district agrees to come back to negotiating table
The Cagayan de Oro Bulk Water Inc. (COBI) on Thursday welcomed the Cagayan de Oro Water District (COWD) intent to return to the negotiating table and craft a mutually agreeable settlement to their diverging claims.
Ayala Land 1Q net income rises 39%
Property developer Ayala Land Inc. on Wednesday reported net income of P6.29 billion in the first three months this year, 39 percent more than previous year’s P4.51 billion, mainly the result of consumer activity and high demand on its properties.
SM Group reports 6% rise in 1Q net income to P18.4 billion
SM Investments Corp., the holding firm of the Sy family, reported net income growing 6 percent to P18.4 billion in the first three months this year from only P17.3 billion last year, as group retail income fell on moderated spending by consumers.
Montinola resigns from RCI as independent director
Former banker Aurelio Montinola III, has resigned his post as independent director at Roxas and Co. (RCI).
Globe junks old equipment for new and cuts power consumption by 3,808 megawatt-hours
Globe Telecom is revamping its network with cutting-edge, energy-saving solutions and phasing out older, less efficient equipment.
