Profit for Meralco in the third quarter is 16% down

In the third quarter, on Monday, the core net income for MANILA Electric Co. (Meralco) was 16.3% less than the year before but less than the downturn reported at...

Net profits of SM Prime drops by 48%

In the nine months to September, PROPERTY developer SM Prime Holdings , Inc. announced a combined net income of P14.4 billion, a decline of 48 percent from its P27.6...

NOW corp. to raise capital stock to P1.8B

NOW Corp. is now raising its approved capital stock to P1.86 billion to collect capital spending funds. In a disclosure to the stock market on Monday,...

Emperador claims 9-month revenue increases

The company's net revenue was P5.9 billion for Andrew Tan's Emperador Inc. on Monday for the first nine months of this year, 11% higher annually, with the revenues of...

As employees screen positive for COVID-19, Philex suspends Padcal mine operations

Over the weekend at the Padcal site in Benguet, Philex Mining Corp. paused its underground copper-gold mine operations as many employees and residents in the area tested positive for...

Profit taking expected after last week’s rally

THE MAIN INDEX may begin declining this week after five consecutive days of increases that caused it to 6,484.06 on Friday. The benchmark Philippine Stock Exchange index (PSEi) gained 139.43 points or...

Ayala Corp to receive P127-M tax credit

THE Court of Tax Appeals affirmed the award of tax certificate (TCC) to Ayala Corp. value P127 million over its unutilized creditable withholding tax (CWT) for 2012 and 2013.

Investors position on PXP shares after lifting of exploration ban

PXP ENERGY Corp. (PXP) shares soared last week as investors chose to position some shares after the government decided to lift the ban on gas and oil mining in...

6,400 level reached by PSEi

THE MAIN INDEX wrapped the week to climb for five consecutive days, compelling it on the 6,400 flat on Friday, its very best finish since June. The PSEi surged at 139.43 points...