Corporate
ICTSI completes sale of Indonesia unit PT ICTSI Jasa Prima
The International Container Terminal Services, Inc. (ICTSI) on Friday announced the completion of the sale of 80.19 percent of PT ICTSI Jasa Prima Tbk (IJP), its Indonesian subsidiary, to PT Sarana Kelola Investa.
Amazon beats estimates on AI-fueled cloud, ecommerce businesses, shares jump
Amazon.com AMZN.O beat fourth-quarter revenue expectations on Thursday as new generative AI features in its cloud and ecommerce businesses spurred robust growth during the critical holiday period, sending its shares up 8 percent after the market close.
CREC sets P13-B IPO in March
The Philippine Stock Exchange Inc. on Thursday approved the P13 billion initial public offering of Citicore Renewable Energy Corp. (CREC), a pure-play renewable energy producer in the Philippines.
Hong Kong supplier backs Alternergy wind projects in Rizal, Quezon Province
Alternergy Holdings Corp. and subsidiaries are pursuing wind power projects in Rizal and Quezon province.
Robinsons Retail net income drops 30% to P4.1B in 2023 on FX losses
Robinsons Retail Holdings Inc. said Thursday net income last year dropped nearly 30 percent to P4.1 billion due to foreign exchange losses resulting from the peso's appreciation and a loss of equalized earnings with the derecognition of Robinsons Bank’s net income following the bank's merger with the Bank of Philippine Islands, and losses from start-up investments.
