Bank of the Philippine Islands recognized net income of P12.1 billion for the first three months of 2023, up 52.0% compared to the same period last year, achieving a Return on Equity of 15.4%. The solid performance was attributable to average asset base expansion, margin growth, and lower provisions. Total revenues for the first quarter
At its special meeting today, April 19, the Board of Directors of China Banking Corporation (China Bank, stock symbol: CHIB) approved the declaration of P1.00 per share regular cash dividend and an additional P0.90 per share special cash dividend, payable on May 18, 2023 to all stockholders on record as of May 5, 2023. The
PETITIONERS GUILTY OF FORUM SHOPPING The Court of Appeals (“CA”) upheld the dismissal of a civil complaint filed in 2015 by minority shareholders of Alliance Select Foods International, Inc. (“ASFII; PSE: FOOD”) finding, among others, that the minority shareholders had committed forum shopping. In a March 28, 2023 Decision, the CA’s Thirteenth Division upheld the
Filinvest REIT Corp. (FILRT), the flagship commercial REIT of the Filinvest group, recently held its virtual Annual Stockholders Meeting where the company shared highlights of its 2022 performance, including updates on its office leasing business FILRT recorded a net income of ₱1.31 billion in 2022 that was achieved on the back of rental and other
PSE-listed Haus Talk, Inc. (HTI) launched today The Granary, a 10-hectare economic housing complex in Biñan, Laguna. The development features an allocation of 40% of its total land area for common use including relatively wider road networks and open spaces when compared to other similar segment offerings. Amenities for the residents are also in the
Robinsons Land Corporation (RLC), a leading real estate developer in the Philippines, received the highest Issue Credit Rating of PRS Aaa, with a Stable Outlook from Philippine Rating Services Corporation (PhilRatings) for its proposed bond issuance of up to PhP10.0 billion, with an oversubscription option of up to PhP5.0 billion. This is the first tranche
Stakeholders and investors of the Company will be pleased to know that the 2022 financial update shows sustained strong positive result. Financial Standing Pegged at P553 Million, the Consolidated Net Income for the Second Quarter of 2022 is almost doubled at 83% compared to P303 Million for the same period of 2021. By end of
Suntrust Resort Holdings, Inc. (SUN) disclosed that SGHL has proposed to change its corporate name from “Suncity Group Holdings Limited” to “LET Group Holdings Limited” , with “L” standing for “Leisure”, “E” for “Entertainment”, and “T” for “Taste”. Based on the disclosure of SGHL, its Board is of the view such proposed change will better
Roxas and Company, Inc.’s (RCI) subsidiary, Roxaco Land Corporation’s Anya Resort Tagaytay (ART) launches expansion projects. Anya Resort Tagaytay broke ground on Block 12, the latest addition to its current 80-room luxury hotel in Tagaytay. The sold out eight-unit expansion coincides with the Resort’s fifth year anniversary and strongly positions the Roxas and Company Inc.
Stock Rights Offering (SRO) of Solar Philippines Nueva Ecija Corporation (SPNEC) SPNEC informed the Philippine Stock Exchange (PSE) that the final Offer Price of its SRO is Php 1.50 per Rights Share. The Offer Price represents a 14% discount to the 15-day volume-weighted average price of SPNEC’s Common Shares as of August 17, 2022. Solar
