Companies

ALLIANCE Global Group, Inc. (AGI) plans to spend P240 billion through 2020 to fund the organic growth of its subsidiaries and help sustain double-digit growth. Bulk of the expenditure will be allocated to units Megaworld Corp. and Travellers International Hotel Group Inc. while the balance will go to other businesses such as Emperador Inc., Golden […]

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CONGLOMERATE Ayala Corp. said on Tuesday its board of directors has ratified the issuance of 8.81 million of the company’s common shares at a price of P916.00 per share to a foreign institutional investor Ayala Corp. did not name the new investor. “Further to our disclosure on July 21, 2018, please be informed that our Board of […]

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Media giants ABS-CBN and GMA Network both claimed the lead in the national ratings game for the month of August. Citing data from Kantar Media, the Lopez-led Kapamilya network said it bested GMA in nationwide TV ratings with a 44-percent average audience share, 12 points higher than rival GMA’s 32 percent. GMA, meanwhile, said it […]

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PETRON Corp. has filed an application with the Securities and Exchange Commission (SEC) for the issuance of fixed-rate bonds amounting to P20 billion to repay debt. In a disclosure on Tuesday, Petron said the peso-denominated fixed rate bonds represented the final tranche of a P40-billion three-year shelf registration program that was approved by the SEC in […]

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BOND listings at the Philippine Dealing and Exchange Corp. (PDEx), the country’s trading platform for fixed-income securities, have surpassed the P900-billion level, a top official said on Friday. “For its part, today’s issuance will take the total outstanding face amount of bonds listed on PDEx across the P900 billion mark to P913 billion, and the year-to-date […]

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D&L Industries, Inc. said Thursday it achieved a 13-percent increase in net income in the first half of 2018 due to strong growth in its high margin specialty products. The company said net income grew to P1.5 billion versus the P1.35 billion registered in the same period last year. Revenues reached P13.2 billion compared to P12.7 billion last […]

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TOWNSHIP giant Megaworld Corp.’s net profit in the first half grew 12 percent from a year earlier on the strong performance of all its businesses, particularly the hotel segment. Megaworld told the Philippine Stock Exchange on Wednesday that net income grew to P7.51 billion from P6.69 billion last year, with net income attributable to shareholders of the […]

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Razon-led International Container Terminal Services, Inc. said net income attributable to equity holders in the first half of the year dipped by 6 percent to $97.7 million from $103.6 million last year due to one-off costs. “The decrease in net income was due primarily to the start-up costs of the new terminals in Papua New […]

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Hyundai Asia Resources, Inc. (HARI) said on Tuesday that vehicle sales in the first half fell by 8.1 percent as high fuel prices and other seasonal factors dampened demand. In a statement, HARI said January-June sales fell to 15,957 units from 17,366 units sold in the first six months of last year. It said that aside from […]

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MANILA Electric Co. (Meralco) is projecting 6.5 percent growth in electricity sales for the first six months of the year, its top official said. “[W]e will probably end up end-June with roughly six-and-a-half percent,” Meralco President Oscar Reyes told reporters in a chance interview. Meralco’s energy sales grew 3.1 percent to 20,338 gigawatt hours (GWh) […]

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