PEPSI-COLA Products Philippines, Inc., which trades under the stock symbol “PIP”, celebrated its 10th year as a listed company with a special bell ringing ceremony at the Philippine Stock Exchange (PSE).
METRO Pacific Investments Corp. (MPIC) reported a 17 percent rise in consolidated core net income to P14.1 billion for 2017 from P12.1 billion in 2016 on the strength of its increased presence in the power industry.
AT least 5,000 new jobs will be created should the joint venture project between the Cebu City Government and Universal Hotels and Resorts Inc. (UHRI) push through at the South Road Properties (SRP) and Kawit Point.
PRELIMINARY data indicate that outstanding loans of commercial banks, net of reverse repurchase (RRP) placements with the BSP, expanded at a slower rate of 19.1 percent in January from 19.4 percent (revised) in December.
SM Investments Corp. (SM) reported a six percent growth in net income to P32.9 billion in 2017 from P31.2 billion in 2016. Consolidated revenues rose nine percent to P396.1 billion from P363.4 billion last year.
STATE-OWNED Development Bank of the Philippines (DBP) posted a net income of P5.1 billion in 2017, showing a 21.43 percent increase from the P4.2 billion recorded in 2016 spurred largely by a steady growth in its loan portfolio.