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Philippines
Friday, March 29, 2024

Jenniffer B. Austria

JG Summit’s net income soars 30 times to P20.2b

Conglomerate JG Summit Holdings Inc. of the Gokongwei Group saw its net income surged 30 times in 2023 to P20.2 billion from P650 million...

Local stocks rebound amid bargain hunting

Philippine stocks rebounded Tuesday on last-minute bargain hunting. The 30-company Philippine Stock Exchange index added 45.07 points, or 0.66 percent, to close at 6,898.17, while...

PH stocks slump amid lack of catalysts, peso weakening

Philippine stocks opened the week in the red amid the lack of catalysts ahead of the long holiday period. The Philippine Stock Exchange index closed...

Upson reports record-high revenues, opens more stores

Gadgets retailer Upson International Corp. said Monday its net income in 2023 reached P464.2 million, down 13.7 percent from P537.85 million in the same...

D.M. Wenceslao declares P260m worth of cash dividends

The board of D.M. Wenceslao & Associates Inc. (DMW) declared cash dividends amounting to P0.078971515 per share, or a total of P268.176 million, during...

SEC blocks Binance site in PH market

The Securities and Exchange Commission (SEC) said Monday it blocked the cryptocurrency site Binance in the Philippines after the regulator found it to have...

GT Capital spending P32.4b in 2024

GT Capital Holdings Inc., the listed holding company of the Ty family, earmarked P32.4 billion in 2024 capital expenditures primarily to bankroll the expansion...

Stocks to trade sideways amid holiday break

Philippine stocks are expected to trade sideways on thin trading during this shortened trading week. Financial markets will be closed Thursday and Friday in observance...

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