Corporate
Weak peso, one-off item in 2022 weigh down Universal Robina earnings
Universal Robina Corp., the food arm of the Gokongwei Group, saw net income decline 13 percent last year to P12.2 billion, hurt by a...
STI unit redeems P2.18B 7-year bond; proceeds used for campus expansion
STI Education Systems Holdings, Inc. said its subsidiary, STI Education Services Group Inc., has fully redeemed its 7-year bonds worth P2.18 billion.
Citicore Energy raises P5 billion from sale of stake Citicore REIT to SM
Citicore Renewable Energy Corp., a clean energy company, said Wednesday that along with unit, Citicore Solar Tarlac 1, it raised P5 billion from the sale of a 28.79 percent of Citicore Energy REIT Corp. to SM Investments Corp.
Airline, property businesses drive earnings of JG Summit
JG Summit Holdings, Inc., the investment holding company of the Gokongwei Group, said Tuesday it booked a net profit of P20.2 billion last year, a sharp gain from the P700 million net income in 2022 on higher revenues and better operating margins across its diverse business interests as well as foreign exchange gains.
20 million passengers helped CebPac return to profitability in 2023
Cebu Pacific Air (CEB) on Tuesday reported returning to profitability in 2023, a turnaround from net loss of P14 billion the previous year.
