Corporate
Core unit contributions push Ayala Corp. income 39% higher in 2023
Conglomerate Ayala Corp. on Wednesday reported net income growing 39 percent in 2023 to P38.07 billion from P27.39 billion in 2022 on the back of strong contributions from its banking, property development and energy businesses. Revenue grew 11 percent to P341.89 billion from P306.64 billion.
Lower nickel, cobalt prices sent Nickel Asia profit falling in 2023
Nickel Asia Corp., a listed natural resources development company, said Wednesday net income last year dropped 53 percent to P3.7 billion due to lower nickel ore...
Ayala Land merger with 34 units to improve operations, fund management
Listed property developer Ayala Land Inc. said Wednesday it will absorb 34 companies it either owns directly or through AyalaLand Estates Inc. and AyalaLand...
SEC okays Oceanagold IPO
The Securities and Exchange Commission has approved the initial public offering of Oceanagold (Philippines) Inc. seen generating P7.88 billion from investors.
SM Prime plans immediate bond sale of P25 billion from a P100-billion shelf registration
Shopping mall operator SM Prime Holdings Inc. has sought the shelf registration of P100 billion worth of bonds at the Securities and Exchange Commission.
