Corporate
Globe 2022 net profit rose 46% on year to P34.6B; helped by one-off items
Globe Telecom Inc., the telecommunications arm of the Ayala Group, said Tuesday net profit in 2022 surged 46 percent year-on-year to P34.6 billion, with extraordinary gains from the partial sale of its data center and the sale and leaseback of its tower assets offsetting increased depreciation.
Maynilad to invest P3.2 billion for Cavite facilities
Maynilad Water Services, Inc. is setting aside P3.2 billion for the construction of four modular treatment plants (ModTPs) that will serve its customers in Cavite.
Former Finance Usec Eric Recto named Atok-Big Wedge acting chairman
Atok-Big Wedge Co. said Monday its board of directors has named its president, former Finance Undersecretary Eric Recto, as acting chairman and chief executive office of the listed mining company.
Country Builders Bank named Best Micro Finance Bank
Country Builders Bank (CBB) has been named the Best Micro Finance Bank in the Philippines for 2023 by the London-based Global Banking & Finance Review.
Supreme Court lowers fine imposed on Maynilad, Manila Water
The Supreme Court has upheld its earlier decision to substantially reduce the fine imposed on Manila Water Co., Maynilad Water Services Inc., and regulator...
