ANGELICA BALLESTEROS, TMT

2017 PROFIT BOOSTED BY STRONG SALES, STORE EXPANSION

By
0

FASTFOOD giant Jollibee Foods Corp. (JFC) is raising its stake in US hamburger chain Smashburger to a majority, exercising a purchase option in a bid to further gain a foothold in the American market. Jollibee, which on Tuesday also disclosed a 10.9% increase in 2017 net income to P6.7 billion,…

By
0

CONGLOMERATE Ayala Corp. said Tuesday that wholly-owned subsidiary AC Infrastructure Holdings, Corp. was investing in firms related to fulfillment solutions services. Ayala Corp. told the stock exchange that AC Infrastructure had signed an investment agreement to put money into a fulfillment solutions company. AC Infrastructure will hold up to 60…

By
0

UNITED Coconut Planters’ Bank (UCPB) is optimistic that it can hit double-digit earnings growth this year following a strong performance in 2017. In a statement, UCPB President and Chief Executive Officer Higinio Macadaeg Jr. said the bank was confident of meeting its growth target given the continued expansion of its…

By
0

Share prices retreated anew on Monday as investors remained cautious following last week’s volatility. The benchmark Philippine Stock Exchange index (PSEi) shed 0.19 percent or 15.78 points to end at 8,487.91. The broader All Shares dipped 0.05 percent or 2.48 points to finish at 5,025.90. “Philippine markets remained cautious after…

By
0

LISTED conglomerate Aboitiz Equity Ventures, Inc. is consolidating its financial businesses through the sale of a 51-percent stake in PETNET, Inc. to two of its affiliates for P1.2 billion. In a disclosure on Monday, Aboitiz said it was selling 2.46 million shares in PETNET—which holds the operations of remittance center…

By
0

FOOD and beverage firm RFM Corp. saw its full-year 2017 net income grow 6 percent to over P1 billion, boosted by strong sales revenues. RFM told the Philippine Stock Exchange on Monday that its net income in 2017 reached P1.06 billion, or higher by P6 million versus the P1 billion…

SHARES OUTLOOK FOR THE WEEK:

By
0

THE stock market could fall further this week ahead of a renewed push to 9,000, analysts said. Eagle Equities, Inc. research head Chris Mangun said the benchmark Philippine Stock Exchange index (PSEi) could shed another 200 points but may see a recovery before the end of the month. “We are…

By
0

TOWNSHIP developer Megaworld Corp. is confident of reporting double-digit business growth for 2017 driven by strong demand for its property projects. “It was a very good year,” Megaworld First Vice President Kevin Tan told reporters last week. “Certainly [double-digit], to say the least,” he added, without specifying wheter the double-digit…

By
0

PROPERTY developer Philand Properties Corp. is seeking damages amounting to P17.8 million following a seven-year dispute with Aboitiz-led Union Bank of the Philippines. Documents showed that Philand Properties is asking Union Bank P7 .6 million in actual damages, P4.19 million as legal interest; P3 million for moral and exemplary damages;…

By
0

Local share prices were caught up in a global rout on Friday with the Philippine Stock Exchange index (PSEi) ending the trading week just short of falling into 8,400 territory. The benchmark index lost 1.64 percent or 141.39 points to finish at 8,503.69 while wider All Shares dropped 1.30 percent…

1 2 3 4 5 86