Megawide Sells Treasury Shares of P2.23 Billion

MANILA, Philippines - Megawide Construction Corp. sold its treasury sales valued at P2.23 billion, which include shares acquired from Henry Sy, Sr. Megawide's board approved the selling of its shares from yesterday's...

SSS Looks Into Toll Roads as Revenue Source

MANILA, Philippines - Social Security System (SSS) looks into toll roads as source of revenue by using pension funds as financial support. The new SSS Chairman, Amado Valdez, stated that 25 to...

San Miguel to Proceed With Davao Coal Plant

MANILA, Philippines - San Miguel Consolidated Power Corp. (SMCPC) can now proceed with Davao del Sur power plant project after getting financial closure. Green light for the Davao del Sur power plant...

PH-Japan Meeting Includes Sea Dispute Resolution

MANILA, Philippines - Philippines and Japan agreed to a resolution on sea dispute by advancing a rules-based regime, claimed by President Duterte last Thursday night. Chinese Coast Guard departed Scaborough or Panatag...
Company Earnings News - Stock Signals Philippines

Metrobank Registers Nine-Month Profit Decline to P12.6 B

MANILA, Philippines - Metrobank Bank and Trust Co. (Metrobank) registered its unaudited consolidated net income in the first nine months at P12.6 billion. The nine-month net income of Metrobank declined by 12.56...

PLDT Rolls Out SmartBus Transport Solutions

MANILA, Philippines - One of the largest telco players in the Philippines, PLDT Inc., launched its SmartBus transport solutions to public. SmartBus aims to provide enhancement in the urban bus transport system...

Imported Vehicle Sales Surged by 77 Percent

MANILA, Philippines - The Association of Vehicle Importers and Distributors (AVID) reported nine-month imported vehicle sales increased by 77 percent in line with light commercial vehicles and passenger cars demand increase. The...

Megaworld Subsidiary Launches New Tagaytay Manor

MANILA, Philippines - Megaworld Corp.'s wholly owned subsidiary, Global-Estate Resorts Inc. (GERI), revealed its new 12-story Manor project in Tagaytay. The new residential project is expected to rise on 1.3-hectare The Vineyard...
Company Earnings News - Stock Signals Philippines

Petron Reports Profit Growth of 30 Percent

MANILA, Philippines - Philippines' largest oil refiner, Petron Corp., registers profit growth of 30 percent as contributed by steady volume of oil production. A ranking official reported that oil company's profit growth...

Aboitiz Still Foresees Steady Business Environment

MANILA, Philippines - Mixed political tirades and criticisms against Duterte administration did not prevent Aboitiz in remaining optimistic on the country's business environment. One of the Philippines' influential and prominent business groups,...

Duterte State Visit to Japan Yields $1.8 Billion

MANILA, Philippines - President Rodrigo Roa Duterte's state visit to Japan brought $1.8 billion in investment commitments back to the country. Department of Trade Secretary, Ramon Lopez, stated that 12 investment agreements...

GBPC Looks Into More Alternative Energy Projects

MANILA, Philippines - Global Business Power Corp. (GBPC) sets sights on pursuing more projects for waste-to-energy of at least 55 megawatts (MW) in Batangas and Bacolod. GBPC is owned largely by Metro...