The Manila Water Company Board of Directors has appointed J. V. Emmanuel A. De Dios as a member of the Board and as the company’s President and Chief Executive Officer as the Razon Group solidifies its control over the utility. De Dios was formerly Undersecretary of the Department of Energy and...
Bloomberry Resorts Corporation, owner of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported a lower consolidated net loss P1.9 billion in the first six months of 2021 from a loss of P3.3 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
The Ayala Group has formally ceded control over Manila Water Company to Enrique K. Razon Jr. following an agreement wherein the tycoon bought a 24.96 percent stake but was given voting power for 51 percent of the utility. Enrique K. Razon Jr. In a disclosure, Manila Water advised the Philippine...
International Container Terminal Services Inc. and Alliance Global Group Inc. denied that there is any dispute between the two groups over the planned construction of a mega vaccination center on land owned by Nayong Pilipino at the Entertainment City. Allegations against the project...
Bloomberry Resorts Corporation, the owner of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported a net loss of P780.8 million in the first quarter of the year from a net income of P1.4 billion in the same period last year. However, the firm disclosed to the Philippine Stock...
International Container Terminal Services Inc. reported a 51 percent hike in unaudited consolidated attributable net income to US$90.1 million in the first quarter of 2021 from the US$59.6 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Billionaire Enrique K. Razon Jr. is not letting his guard down and intends to manage the resources of his port and gaming businesses judiciously, wary of a prolonged pandemic that may last until the end of the year. During the annual stockholders’ meeting of Bloomberry Resorts Corporation, Razon...
The ICTSI Foundation of global port operator Enrique K. Razon said the private sector effort to bring in vaccines in partnership with the government would catalyze a return to a growth path for the Philippine economy. ICTSI has spearheaded a group for the procurement of Moderna vaccines. The...
International Container Terminal Services, Inc. (ICTSI) reported a slight uptick in audited consolidated attributable net income to US$101.8 million last year, one percent higher than the US$100.4 million earned in 2019. In a disclosure to the Philippine Stock Exchange, the firm said the growth in...
Year-Ender The maritime sector handles 90 percent of global trade. No wonder, hell broke loose when most international borders slammed shut in March. Port operators wrestled with congestion although the ports stayed open. “Throughout these lockdowns, all of our ports – without exception...
Bloomberry Resorts Corporation’s subsidiary Bloomberry Resorts and Hotels, Inc. (BRHI) has secured P20 billion in fresh funds. In a disclosure to the Philippine Stock Exchange, Bloomberry said BRHI has signed, with a syndicate of banks, an amendment to the P73.5 billion Omnibus Loan and Security...
International Container Terminal Services Inc. is planning to raise about P4.8 billion from the sale of its treasury shares “for general corporate purposes, including funding of committed capital expenditure.” In a disclosure to the Philippine Stock Exchange, ICTSI...
