Business NEWS

The Gokongweis’ Robinsons Land Corporation and Consunji’s DMCI Project Developers Inc. have forged a P1 billion joint venture to develop a multi-tower residential condominium in Las Piñas City.

Alliance Global Group, Inc. (AGI), the investment holding company of tycoon Andrew L. Tan, reported a hike in consolidated net income to P23.7 billion last year from P22.3 billion in 2017.

The Sugar Regulatory Administration (SRA) suspects the price of sugar is being manipulated by some groups, causing the cost of the sweetener to go up amid an increase in production.

The Department of Energy (DOE) said it will release the list of power generation companies (GenCos) that may have gained financially in price spikes at the Wholesale Electricity Spot Market (WESM) following the string of recent yellow alerts in the power system.

The Metropolitan Waterworks and Sewerage System (MWSS) expects the withdrawal of a case filed against them by one of the proponents of the Wawa Bulk Water Supply project otherwise “there will be no deal.”

Megaworld Corp., the country’s largest developer of integrated urban townships, reported a 17 percent hike in recurring net income to P15.8 billion last year from P13.6 billion in 2017.

Tech startup Ascent, in partnership with the Lopezes’ INAEC Aviation Corp. (INAEC), has launched the country’s first helicopter ride-sharing service enabling workers and tourists to commute by chopper within the metropolis.

Finance Secretary Carlos G. Dominguez III congratulated former US Treasury Undersecretary David Malpass for his appointment as the next World Bank (WB) president and expressed his confidence for a “much closer” relations with the global financial institution.

To help enterprises grow beyond expectations, Oracle NetSuite has announced new cloud-based innovations across core business processes, providing visibility, control and agility of operations and ensuring companies keep their true north.