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Ayala aims to hit prepandemic profit this year

Ayala Corp. said it has set its sights on returning core net income to prepandemic levels with the creation of a company that will drive revenues for the conglomerate. “In 2022, they’re (core income) at approximately 90 percent of pre-Covid levels. This is the year that we will work to…

Dito keen on partnering with satellite firm | Lorenz S Marasigan

Dito Telecommunity Corp. is planning to partner with a satellite company to reach far-flung areas in the Philippines, a ranking executive said in a recent interview. Rodolfo Santiago, the CTO of Dito, said the group is in “advanced talks” with British-Indian company OneWeb Network Access Associates Ltd. to bring Dito’s…

San Miguel Brewery income soars on higher sales in Q1

By VG Cabuag @villygc San Miguel Brewery Inc. (SMB), the beer unit of conglomerate San Miguel Corp., said its income for the first quarter rose 38 percent to P6.8 billion from the previous year’s P4.93 billion on higher sales volume. Revenues for the period went up by 29 percent to…

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