Companies

Fastfood giant Jollibee Foods Corp. (JFC) posted a net income of P3.38 billion in the first half, up 10.2 percent from P3.06 billion a year ago. 

Building solutions provider Holcim Philippines Inc. expects the needs of the local affordable housing market will guide its plans to introduce products and services that can help stakeholders build quality shelter projects. 

Meralco consumers may soon enjoy 30 percent lower rates as a result of record prices from solar developers. 

Listed telecoms giant Philippine Long Distance Telephone Co. (PLDT) has strengthened its leadership in the home broadband business with both revenues and subscriber numbers growing at double-digit rates as the company rolls out more Fiber-to-the-Home (FTTH) lines and offers a growing range of rich digital content and services in more parts of the country.

By Riza Lozada The heated verbal exchanges between officials of the United States and North Korea over missile launches continue to make investors jittery, resulting in another weakness for both the Philippine peso and the stock market.

Businessman Andrew Tan’s flagship Megaworld Corp. reported its profit rose 11 percent to P6.69 billion in the first six months from P6.03 billion a year ago.

Bloomberry Resorts Corp. posted P4.11 billion net profit in the first semester, its highest for this year.

Apex Mining Co Inc. recently bolted the Chamber of Mines of the Philippines (COMP) which is the influential umbrella group of local miners.

Listed conglomerate JG Summit Holdings Inc. reported a consolidated core net income of P15.95 billion in the first half of 2017, slightly lower than the P15.99 billion a year ago.

By Riza Lozada The stock market’s operating revenues for the first six months of the year rose by 18.1 percent to P662.53 million from P560.81 million a year ago, mainly due to double digit gains in listing- and trading-related fees, the Philippine Stock Exchange Inc. (PSE) said.