- Business as usual amid US tariff pause — DTI
THE Department of Trade and Industry (DTI) said that business will continue as usual as the government awaits the final tariff rate that the US will impose on Philippine goods.
- ACEN Australia secures A$750-M loan for energy projects
AYALA-LED ACEN Corp. said its subsidiary ACEN Australia Pty. Ltd. has secured an A$750-million loan from various financial institutions, which will allow it to fund its energy projects in Australia. Eleven Australian and international lenders backed the transaction, providing ACEN Australia with financial support for its pipeline projects, the company said in a stock exchange
- ABS-CBN losses narrowed to P4.37B in 2024
ABS-CBN CORP. narrowed its net loss to P4.37 billion in 2024, despite posting lower revenues, thanks to reductions in production costs and expenses. According to its 2024 annual report, the listed media company reduced its attributable net loss by 55.22% to P4.37 billion from P9.76 billion in 2023. The company’s reduced production cost of P7.13
- PHINMA income down 66% to P280M in 2024
DEL ROSARIO-LED PHINMA Corp. said its attributable net income fell by 66% to P279.55 million in 2024 from P831.27 million in 2023, as losses from its property business and expansion-related expenses weighed on earnings. Consolidated net income declined to P936.87 million in 2024 from the restated P1.5 billion in 2023, PHINMA said in a regulatory
- Cebu Landmasters posts 8% profit increase for 2024
LISTED PROPERTY developer Cebu Landmasters, Inc. (CLI) said its attributable net income rose by 8% to P3.01 billion in 2024 from P2.8 billion in 2023, as demand for its projects increased. Consolidated revenue rose by 4% to an all-time high of P19.53 billion from P18.82 billion in 2023, fueled by strong demand in the Visayas
- PSE nears full control of PDS after buying more shares
THE Philippine Stock Exchange, Inc. (PSE) is nearing its goal of gaining full control of the Philippine Dealing System Holdings Corp. (PDS) after acquiring additional shares. The market operator entered into a share purchase agreement on April 14 for an 8% stake in PDS held by consulting company Tata Consultancy Services Asia Pacific Pte. Ltd.,
- Cebu Pacific says Q1 passengers up 26.36%
CEBU PACIFIC expects passenger growth in the second quarter after carrying over six million passengers in the first three months of the year, the airline said on Tuesday. For the January-to-March period, Cebu Pacific, operated by Cebu Air, Inc., logged a total of 6.95 million passengers, up by 26.36% from 5.50 million passengers in the
- Transmission rates up in March
TRANSMISSION RATES for the March billing period, reflected in the April electricity bill, increased by 11.51% due to higher ancillary services (AS) charges, the National Grid Corp. of the Philippines (NGCP) said. AS charges rose by 16.05% to P0.8094 per kilowatt-hour (kWh) in March, up from P0.6975 per kWh in February, NGCP said in a
- How PSEi member stocks performed — April 15, 2025
Here’s a quick glance at how PSEi stocks fared on Tuesday, April 15, 2025.
- Megawide raises P5.3 billion from preferred shares offering
SAAVEDRA-LED infrastructure conglomerate Megawide Construction Corp. has raised P5.3 billion from its preferred shares offering. The company listed its Series 6 preferred shares on the Philippine Stock Exchange on Monday, Megawide said in a regulatory filing. The offering was 1.7 times oversubscribed from its base size of P3 billion. The offer period ran from March