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Marcventures Holdings, Inc. Announces Augusto C. Serafica, Jr., as the New President

7/31/2024

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Marcventures Holdings, Inc. Announces Augusto C. Serafica, Jr., as the New President
Augusto C. Serafica, Jr. is the new President of Marcventures Holdings Inc. (MHI). The election took place immediately after the company’s Annual Stockholders’ meeting.

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Vitarich Corporation Drives Growth with Expanded Retail Presence

7/31/2024

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Vitarich Corporation Drives Growth with Expanded Retail Presence
​Vitarich Corporation announces key milestones in its growth strategy, including a major expansion into modern trade channels and e-commerce. These initiatives underscore VITA’s commitment to innovation, market expansion, and meeting the evolving needs of consumers.

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Robinsons Retail Holdings, Inc. Reported P1.5 Billion in Core Net Earnings in Q2 2024, Up 15.3%

7/31/2024

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Robinsons Retail Holdings, Inc. Reported P1.5 Billion in Core Net Earnings in Q2 2024, Up 15.3%
Robinsons Retail Holdings, Inc.’s core net earnings rose by 15.3% in the second quarter of 2024 to P1.5 billion, driven by higher gross profit and operating efficiencies. First half core net earnings grew by 12.1% to P2.6 billion.

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Tony Tan Caktiong's Jollibee Foods Corporation Announces Withdrawal of Offer of Preferred Shares

7/31/2024

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Tony Tan Caktiong's Jollibee Foods Corporation Announces Withdrawal of Offer of Preferred Shares
Jollibee Foods Corporation (JFC), one of the largest food service companies in the world, announced that it is withdrawing its application to offer and list up to 8,000,000 preferred shares, which it filed with the Securities and Exchange Commission and The Philippine Stock Exchange, Inc. in June 2024, and as publicly disclosed in its Preliminary Offer Supplement dated June 27, 2024, as posted on its website.

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Filinvest REIT Corp. Strengthens its Tenant Partnership with Building Engineering and Design Co.

7/31/2024

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Filinvest REIT Corp. Strengthens its Tenant Partnership with Building Engineering and Design Co.
​Filinvest REIT Corp. (FILRT) continues to be the preferred office location South of the capital as it entered a lease expansion contract with New Zealand-based Building Engineering and Design Co. (BEDC) in the first week of July 2024. BEDC is a leading engineering and architectural solutions firm based in Auckland, NZ that is actively expanding its global presence and commitment to delivering excellence in engineering and design services.

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Manila Electric Company (Meralco) Reported P23.2 Billion in Consolidated Core Net Income in H1-2024, Up 21%

7/31/2024

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Manila Electric Company (Meralco) Reported P23.2 Billion in Consolidated Core Net Income in H1-2024, Up 21%
Manila Electric Company (Meralco) reported that consolidated core net income (CCNI) in the first six (6) months of 2024 increased by 21% to P23.2 billion from P19.2 billion in the same period last year, driven by higher sales volumes of the distribution utility (DU) and increased sales in the 2nd quarter due to the higher availability of power generation plants.

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BDO Unibank, Inc. Reported P39.4 Billion in Net Income in H1-2024

7/31/2024

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BDO Unibank, Inc. Reported P39.4 Billion in Net Income in H1-2024
​BDO Unibank, Inc. (BDO) posted net earnings of P39.4 billion in the first half of 2024, 12% higher year-on-year, on the stronger momentum from its core intermediation and fee-based service businesses. Annualized Return on Common Equity (ROCE) improved from 14.3% in the first quarter to 15.8% in the second quarter.

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Union Bank of the Philippines Reported P5.1 Billion in Net Income in H1-2024

7/31/2024

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Union Bank of the Philippines Reported P5.1 Billion in Net Income in H1-2024
​UnionBank continues to deliver strong top-line revenues at P37.3 billion in the first half of 2024. This represents an 8.3% increase vs. the same period last year. The growth in net revenues is driven by the Bank's expanding consumer business, higher net interest margin, and growing transaction fees.

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Philippine National Bank Reported P10.3 Billion Profit for H1-2024

7/31/2024

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Philippine National Bank Reported P10.3 Billion Profit for H1-2024
Philippine National Bank (PNB) registered a consolidated net income of P10.3 billion for the first half of 2024 as the Bank managed to beef up its core banking activities despite the prevailing challenges in the economic environment.

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MVP Group’s DigiCo Agrees to Acquire Minority Interest in Bayad Center and 100% of Multipay

7/29/2024

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MVP Group’s DigiCo Agrees to Acquire Minority Interest in Bayad Center and 100% of Multipay
DigiCo, a digital entity owned by businesses led by Manuel V. Pangilinan (MVP Group), today announced its execution of separate agreements to acquire a 10% interest in Bayad Center (Bayad) and 100% of Multipay Corporation (Multipay).

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