San Miguel Food & Beverage’s Q1 profit down 20%
San Miguel President Ramon S. Ang. AP FILE PHOTO Consumer giant San Miguel Food and Beverage Inc. (SMFB) saw a 20 percent year-on-year drop in first quarter consolidated net income…
Wall Street closes higher on economic revival hopes
Stocks closed higher on Wall Street Wednesday, extending the market’s gains into a third day on hopes for a coming economic revival as larger swaths of the country relax stay-at-home…
April budget gap swells to P274B
Spending on public goods and services more than doubled in April as the government tried to ease the pain inflicted on vulnerable sectors by the COVID-19 pandemic, but revenues suffered…
PSEi moves up as investors anticipate NCR’s reopening
Shares of Lopez-led First Gen Corp. sizzled at the local stock market on Wednesday following a tender offer at a premium price made by a unit of American private equity…
Ayala Land may issue bonds, tap new loans to raise P19B
Property giant Ayala Land Inc. (ALI) plans to raise as much as P19 billion through a mix of new borrowings in the coming months, taking advantage of softening interest rates…
Fruitas doubling 2020 capex budget
While other companies are slashing their capital outlays due to the coronavirus pandemic, newly listed leading kiosk operator Fruitas Holdings Inc. is doubling its capital expenditure (capex) budget this year…
Puregold expands online shopping services, store network
Banking on COVID-19 pandemic-resilient demand for essential consumer goods, retailer Puregold Price Club Inc. is expanding its online grocery shopping capability while building more physical stores this year using about…
Group questions gov’t rice import plan
The Federation of Free Farmers (FFF) has questioned the legality of the government’s move to import an additional 300,000 metric tons (MT) of rice on top of the imports being…
DA launches integrated urban fish-garden farming
The Department of Agriculture (DA) is bringing urban gardening closer to homes as it formally launched its urban aquaponics program early this week, which will provide interested municipalities with the…
Emperador 2019 net profit up 5%
Tycoon Andrew Tan-led Emperador Inc. grew its recurring net profit last year by 5 percent to P7 billion on the bank of growing consumer preference for premium liquor alongside the…