News: Max’s Group income down by 41%

Thursday, November 14, 2024

Max’s Group income down by 41%

November 15, 2024

ECONOMY

PSA: PH investment approvals surged in Q3

Investments approved by the Philippine government increased more than six times during the third quarter of this year, with almost three-fourths of the amount having come from local investors.

By Alden M. Monzon

STOCK MARKET REVIEW

Start of monetary easing cycle excites the bulls

Months after what analysts called a "disappointing year so far" for the local bourse, experts are now impressed to see that the benchmark stocks index has been performing well, so much so that some predictions have been upgraded—but still with caution.

By Meg J. Adonis

BANKING

Bank, auto units temper GT Capital profit dip

The banking and automotive units helped offset a decline in GT Capital Holdings Inc.'s nine-month earnings, which dipped 6 percent year-on-year. In the absence of a big gain that helped lift the Ty family-led company last year, income dropped to P21.7 billion.

By Meg J. Adonis

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BIZ BUZZ

Meralco to send nuke scholars to France

While nuclear rollout may not be realized until the early 2030s, Manila Electric Co. (Meralco) of tycoon Manuel V. Pangilinan remains pumped up to explore tie-ups with several groups abroad. This time, officials from the power giant flew to France to team up with top nuclear institutions there, particularly the Université Paris-Saclay (UPS).

By Lisbet K. Esmael

INQUIRER PLUS-EXCLUSIVE

Store closures cut Max's Group income to P186M

Expenses from store closures and higher costs dragged the nine-month income of restaurant chain Max's Group Inc. by 41 percent to P186 million, with the company grappling with low consumption. Max's, whose core brands include the flagship Max's Restaurant, Pancake House and Yellow Cab, on Thursday reported flat revenues at P8.8 billion.

By Meg J. Adonis

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