PLDT reports 60% profit slide, sets P85-B capex
PLDT Inc. recorded a 60.2% decline in its attributable net income to P10.49 billion in 2022 largely as a result of accelerated network and technology upgrades.Danny Y. Yu, the PLDT group’s controller, said in a briefing on Thursday that last
Ovialand seeks nod on P2.22-billion IPO
BW FILE PHOTOOVIALAND, Inc. has sought regulatory approval to raise up to P2.22 billion in an initial public offering (IPO) of shares to fund real estate projects, the property developer said on Thursday.“Our public listing marks a new chapter in
Favorable RE outlook, overseas jitters await Alternergy IPO
A FAVORABLE outlook for renewable energy (RE) bodes well for Alternergy Holdings Corp., analysts said, as the wind farm developer debuts on the stock exchange on Friday amid investor worries over events abroad.Alternergy is holding its initial public offering (IPO)
Airlines gear up for domestic flights’ move to Terminal 2
AIRASIA Philippines and Philippine Airlines (PAL) said they are both working with the Manila International Airport Authority (MIAA) for the planned reassignment of all domestic flights to Terminal 2.“We are working with the airport authorities as we gear up for
Megaworld expects P2-B sales from Cebu condo project
MEGAWORLD Corp. expects P2 billion in sales from a 17-storey residential condominium that it is set to build in Lapu-Lapu City, Cebu, the company announced on Thursday.In a press release, the company said it expects the condominium’s completion in 2028.