Corporate
Jollibee earnings stay buoyant despite challenges; 3Q net up 14%
Jollibee Foods Corp., one of the largest of Asian food service companies, on Monday reported a 14 percent growth in third-quarter net income to P2.43 billion on strong growth in both domestic and international businesses despite a volatile and challenging economic environment.
Higher expenses undermine Emperador 9-month income
Emperador Inc., a global whisky and brandy company of tycoon Andrew Tan, reported Monday that net income in the first nine months declined 5.6 percent to P6.8 billion, with higher expenses undermining revenue gains.
BPI lists upsized P36.66B fixed-rate bonds on PDEX
Bank of the Philippine Islands on Monday issued and listed P36.66 billion of peso fixed-rate bonds due 2025 on the Philippine Dealing & Exchange Corp.
Marubeni remains committed as Maynilad investor
Marubeni Corp., the Japanese partner of west zone concessionaire Maynilad Water Services Inc., is committed to invest more in the Philippines despite the issues the business sometimes have to deal with over the years.
LTG nine-month income falls 6% on weak tobacco
LT Group Inc., the holding firm of most businesses of tycoon Lucio Tan, said net income in the nine months through September fell 6 percent to P19.25 billion from last year’s P20.41 billion, caused mainly by weaker tobacco business.
