CNPF will expand capacity after inking Vita Coco deal
The Po family’s Century Pacific Food Inc. (CNPF) on Monday said it entered into a new long-term contract with The Vita Coco Co. Inc., a listed US company that sells coconut water.
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The Po family’s Century Pacific Food Inc. (CNPF) on Monday said it entered into a new long-term contract with The Vita Coco Co. Inc., a listed US company that sells coconut water.
Shares of Premium Leisure Corp. (PLC), the Sy-controlled gaming firm, were suspended for trading starting Monday after it announced its decision to voluntary delist from the Philippine Stock Exchange (PSE).
The government blocked certain websites and mobile phone applications offering investment opportunities without the necessary license.
Phinma Corp. on Thursday said its income expanded by 6 percent to P1.63 billion last year from the previous year’s P1.53 billion on the sustained growth of its education business.
San Miguel Food and Beverage Inc. (SMFB) on Wednesday said its income in 2023 rose 10 percent to P38.1 billion from the previous year’s P34.66 billion, despite the challenges of an unpredictable macroeconomic landscape.
Conglomerate Metro Pacific Investments Corp. (MPIC) said its attributable net income last year surged 90 percent to P19.91 billion from the previous year’s P10.49 billion.
Conglomerate DMCI Holdings Inc. said its income fell 20 percent to P24.9 billion last year from the P31.1 billion it recorded in 2022.
Yuchengco-led Rizal Commercial Banking Corp. on Tuesday said it amended its sustainable finance framework to align with current Philippine and global standards.
Aboitiz Equity Ventures Inc. (AEV) on Tuesday said its net income last year fell 2 percent to P23.5 billion from the previous year’s P24 billion.
Ayala Land Inc. said it is aiming to entice multinational and local corporations to set up shop in their new office buildings in Quezon City and provide employment to residents in the area.
The Securities and Exchange Commission (SEC) on Tuesday said it has adopted taxonomy guidelines on sustainable finance as part of efforts to promote sustainable economic activities.
Bloomberry Resorts Corp., the gaming firm of billionaire Enrique K. Razon Jr., said its net income last year surged 85 percent to P9.5 billion from the P5.1 billion recorded in 2022, on higher revenues of Solaire Resorts and Casino.
The Securities and Exchange Commission (SEC) signed data-sharing agreements with nine law enforcement agencies and authorities, granting them access to beneficial ownership information of corporations registered with the agency.
Gaming firm DigiPlus Interactive Corp. said it will spend some P100 million on various corporate social responsibility (CSR) projects and initiatives that provide support to important causes through the BingoPlus Foundation.
SM Investments Corp. (SMIC) said it will expand its portfolio investments in its logistics and geothermal units to drive further growth.
Manila Water Co. Inc., a utility firm controlled by billionaire Enrique K. Razon Jr., said its income fell 4 percent to P5.87 billion in 2023 from the previous year’s P6.14 billion on higher expenses and losses incurred by its international business.
Chemical manufacturer D&L Industries Inc. said its income fell 31 percent to P2.29 billion in 2023, from the previous year’s P3.31 billion largely due to higher interest and depreciation expenses associated with its Batangas plant and the lingering effects of high inflation.
The Securities and Exchange Commission (SEC) has approved the plan of Cebu Landmasters Inc. (CLI) to raise as much as P5 billion from the public offering of its preferred shares.
Andrew Tan’s property arm, Megaworld Corp., on Wednesday said its net income last year rose 26 percent to P19.4 billion from the previous year’s P15.37 billion as its core businesses posted double-digit growth.
SM Investments Corp. (SMIC), the holding firm of the Sy family, said its net income grew 25 percent to P77 billion in 2023 from the P61.7 billion recorded in 2022.
Filinvest REIT Corp., the real estate investment trust of the Gotianun group, on Tuesday said its net income fell 19 percent to P1.05 billion last year from the previous year’s P1.3 billion.
THE Philippine National Bank, the lender controlled by tycoon Lucio Tan, said it reached a consolidated net income of P18 billion last year, a growth of 55 percent year-on-year on the back of robust net interest income and lower credit provisions. Net core banking income, which excludes gains on sale of acquired properties, climbed by a record 156 percent year-on-year, it said.
GoTyme Bank Corp., a joint venture with the Gokongwei and Singapore-based Tyme group, said it is confident to hit its 5 million depositors by the end of the year as it is targeting to offer more services to its customers.
BDO Unibank Inc., the country’s largest lender, said its net income grew 28 percent last year to P73.4 billion from P57.1 billion in 2022, from growth across its core businesses.
Aboitiz Equity Ventures Inc. (AEV) and Coca-Cola Europacific Partners Plc. (CCEP) said they completed their acquisition of bottler Coca-Cola Beverages Philippines Inc. (CCBPI), the exclusive bottler of the soft drink brand in the country.
TOP executives of the Bank of the Philippine Islands (BPI) announced plans to raise some $300 million by September this year to refinance maturing bonds of the same amount.
Listed gaming firm DigiPlus Interactive Corp. on Thursday said it secured a position in the FTSE Global Equity Index Series (Micro Cap) during its latest semi-annual review.
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