MA. LISBET K. ESMAEL

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PANGILINAN-LED PLDT Inc. said earnings for the first quarter surged 41 percent from a year ago, propelled by its home and enterprise businesses. PLDT’s reported net income from January to March rose to P7 billion from P4.96 billion in the same period in 2017. The country’s leading telco said the…

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INTEGRATED property developer Vista Land & Lifescapes, Inc. said net income in the first quarter grew 13 percent from a year ago driven by the sustained growth momentum of its core residential business and the contribution from its leasing business. In a disclosure on Thursday, Vista Land said profit in the…

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Fastfood giant invests P1.74B in master franchise holder HOMEGROWN Jollibee Foods Corp. (JFC) is adding a Michelin-starred brand to its portfolio via a P1.74-billion investment in Singaporean private equity fund Titan Dining LP. The S$45-million infusion by wholly-owned unit Jollibee Worldwide Pte Ltd. will give the Philippine fastfood giant a…

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HENRY Sy-led SM Investments Corp. (SMIC) on Wednesday reported a 10-percent increase in first quarter consolidated net income to P8.5 billion, up from P7.7 billion a year earlier following gains in its core retail and property businesses. “We continue to build on our strong 2017 performance with revenues rising faster…

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SHARE prices slipped on Wednesday as investors stayed on the sidelines ahead of today’s release of first quarter gross domestic product (GDP) performance and the results of a central bank monetary policy meeting. The benchmark Philippine Stock Exchange index (PSEi) fell by 0.29 percent or 22.30 points to close at…

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SHARE prices advanced on Tuesday as investors took to shopping in anticipation of positive first quarter gross domestic product (GDP) growth results. The benchmark Philippine Stock Exchange index (PSEi) climbed by 0.59 percent or 44.29 points to close at 7, 577.57 while the broader All Shares gained 27.72 points or…

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AYALA Land, Inc. (ALI) saw its net income climb 17 percent in the first quarter from a year ago, buoyed by a robust domestic property market. The real estate arm of Ayala Corp. told the local bourse on Tuesday that net profit in the first three months rose to P6.52…

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LUCIO Tan-led conglomerate LT Group, Inc. (LTG) is looking to spend up to P11 billion for its projects this year amid the brighter prospects in its various business segments. LTG President Michael Tan on Tuesday said the group would be spending P10 billion to P11 billion this 2018 and bulk…

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RAZON-LED Bloomberry Resorts Corp. said net income in the first quarter surged 71 percent, driven mainly by higher gross gaming revenue (GGR) coupled with reduced promotional allowances during the period. In a disclosure on Tuesday, the company said net income from January to March rose to P3.69 billion versus the…

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PLDT Inc. has completed the partial sale of its stake in Germany-based Rocket Internet, reducing its equity ownership to 2 percent from 6.1 percent previously. In a disclosure, PLDT said Rocket has accepted 6.8 million shares, or about 67.4 percent of PLDT’s total shares in the latter, that were tendered…

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