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Iris Gonzales
Iris Gonzales
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LT Group profit nearly flat in Q1
by Iris Gonzales - May 16, 2022 - 12:00am
LT Group Inc., the investment holding firm of taipan Lucio Tan, reported an attributable net income of P6.53 billion in the first quarter, less than a percent higher compared to P6.49 billion a year ago, with the...
Friday the 13th
by Iris Gonzales - May 16, 2022 - 12:00am
It’s long been considered jinx, a harbinger of bad luck, this Friday the 13th usually at the center of plots in 19th century novels or 20th century films of horror, with shuddering and frightful scenes.
Market awaits global, domestic developments
by Iris Gonzales - May 16, 2022 - 12:00am
The whole week was red at the local bourse as the benchmark Philippine Stock Exchange index declined for the fifth straight day Friday, closing at its lowest level in over nine months.
As Tan empire transitions, all eyes are on Lucio Tan III
by Iris Gonzales - May 16, 2022 - 12:00am
On the plane from the United States back to Manila in late 2019, Lucio “Han” Tan III, the grandson and namesake of the taipan, then 27, already knew he had to fill the huge void left by his father, Lucio...
Shakey’s earnings jump three-fold to P76 million in Q1
by Iris Gonzales - May 15, 2022 - 12:00am
Shakey’s Pizza Asia Ventures Inc. reported a net income of P76 million in the first quarter of the year, 2.7 times higher than the same period a year before.
Bloomberry returns to profit in Q1
by Iris Gonzales - May 15, 2022 - 12:00am
Razon-led Bloomberry Resorts Corp. which owns and operates Solaire Resort & Casino and Jeju Sun Hotel & Casino in Korea, reported a net income of P686.7 million in the first quarter of the year, reversing a net loss...
IPO-bound North Star Meat eyes network of micro-hubs
by Iris Gonzales - May 15, 2022 - 12:00am
North Star Meat Merchants Inc., the largest end-to-end fresh frozen meat retailer in the country, is beefing its war chest to build a massive network of micro-hubs nationwide as it gears up for the rapid growth of...
DoubleDragon profit jumps 87% to P11.3 billion  
by Iris Gonzales - May 14, 2022 - 12:00am
DoubleDragon Corp., the flagship holding firm of tycoon Edgar “Injap” Sia II, reported a consolidated net income of P11.3 billion last year, up by 87.2 percent.
JG Summit incurs P689 million core loss
by Iris Gonzales - May 14, 2022 - 12:00am
Gokongwei-owned conglomerate JG Summit Holdings Inc. incurred  a core net loss of P689 million in the first quarter of the year, a reversal of the P232 million  core net income reported in the same period...
Ayala income up 45 % in Q1
by Iris Gonzales - May 14, 2022 - 12:00am
Ayala Corp., the country’s oldest conglomerate, reported that its net income grew by 45 percent to P7.8 billion in the first quarter  on the back of increased mobility and Globe Telecom’s partial...
Razon emerging as potential buyer of Uy’s Malampaya stake
by Iris Gonzales - May 14, 2022 - 12:00am
Ports and casino tycoon Enrique Razon is emerging as one of the potential buyers of Davao businessman Dennis Uy’s Malampaya stake, multiple industry sources said yesterday.
Lack of catalysts drives PSEi down  
by Iris Gonzales - May 14, 2022 - 12:00am
The local stock index fell to its lowest level in over nine months yesterday, bucking the trend in most Asian markets, as continued economic headwinds and lack of clear catalysts weighed on investor sentiment.
Robinsons Land posts P1.74 billion earnings in Q1
by Iris Gonzales - May 13, 2022 - 12:00am
Robinsons Land Corp., the property development company of the Gokongwei Group, reported a net income of P1.74 billion in the first quarter, down from a year ago although the company remains optimistic on recove...
Senior voters endure election day hassle
by Iris Gonzales - May 13, 2022 - 12:00am
The die has been cast. At least 65.7 million Filipinos registered to vote. More than 30 million Filipinos have spoken. Ferdinand Marcos Jr. is the country’s next president.
New GT Capital chairman named
by Iris Gonzales - May 13, 2022 - 12:00am
GT Capital Holdings Inc., the investment holding firm of the Ty Group, announced the appointment of long-time executive Francisco Sebastian as chairman of the company’s board of directors, succeeding Arthur...
Stocks follow downturn in Asian markets
by Iris Gonzales - May 13, 2022 - 12:00am
Local stocks followed other Asian emerging markets lower yesterday as investors worried over sky-high US inflation data solidifying the case for the Federal Reserve’s planned policy tightening.
Monde Nissin profit steady in 3 months
by Iris Gonzales - May 13, 2022 - 12:00am
Monde Nissin Corp., the listed snacks food giant, reported a net income of P2.3 billion in the first quarter, nearly unchanged from last year as it benefited from lower interest expenses.
SMIC profit jumps to P12 billion in Q1
by Iris Gonzales - May 12, 2022 - 12:00am
SM Investments Corp.,  the listed conglomerate of the Sy Group, grew its first quarter net income by 27 percent to P12 billion.
Stocks drop on continued volatility
by Iris Gonzales - May 12, 2022 - 12:00am
Share prices remained in the red yesterday as inflation remains a concern, with investors taking a wait-and-see stance on the economic plans of the next administration.
Razon taking over Dennis Uy’s casinos
by Iris Gonzales - May 12, 2022 - 12:00am
Ports and casino tycoon Enrique Razon is coming in as the white knight for Davao-based businessman Dennis Uy’s money-losing casino ventures in Cebu and Clark.
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