Corporate
Dollar bond valuation adjustments pull San Miguel income down 44% in 2022
Unrealized losses arising from valuation adjustments of its foreign currency-denominated long-term debt helped the conglomerate San Miguel Corp. to report its 2022 income falling 44 percent to only P26.76 billion from P48.15 billion in 2021.
Jollibee income hits P7.55 billion in 2022
Fast food giant Jollibee Foods Corp. on Thursday reported net income last year rising 26 percent to P7.55 billion from previous year’s P5.5 billion, despite weaker fourth-quarter profits.
Converge reports 4% more income totaling P7.43B in 2022
Converge ICT Solutions Inc. on Thursday reported net income falling 33 percent in the fourth quarter last year due to "poor quality" of subscribers acquisition and higher financing and operating costs.
Maynilad bares 20-year wastewater treatment plan costing P178B
Having already spent some P41 billion in its concession area, Maynilad Water Services Inc. on Thursday looks to spend four times more in capital...
Manila Water stands ready for the hot, dry summer months ahead
East zone concessionaire Manila Water Co. Inc. has adopted measures optimizing output production of its water sources and treatment plants preparatory to the expected increase in demand in the dry and hot summer months ahead.
