The reins of Ayala Corporation have been passed on to a new Zobel but the firm continues to look for fresh opportunities as it is cautiously optimistic about its post-COVID prospects. “We are cautiously optimistic about the business environment and will continue to prepare for a post-...
Thousands of e-notes containing prayers and wishes from Filipino Christian faithful have found their way into the historic Western Wall in Old Jerusalem amid the pain and sorrow brought about by the COVID-19 (coronavirus disease 2019) pandemic, the Israel Ministry of Tourism announced over the...
Filinvest Land, Inc. (FLI), the property arm of Filinvest Development Corporation (FDC), is banking on its P190 billion worth of projects in the pipeline, including new products to be launched, as part of its medium-term strategies. During the firm’s virtual Annual...
Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers and the largest homebuilder, reported a 45 percent decline in consolidated net income to P6.4 billion last year due to the impact of the pandemic. In a disclosure to the Philippine Stock...
Property giant Ayala Land Inc. (ALI) is aiming for a V-shaped recovery although it may take two to three years to be able to perform as well as it had in 2019, before the COVID-19 pandemic struck. “We are working towards a V-shape recovery and I am confident that we have the institutional...
Amid the prevalence of African Swine Fever (ASF), state-run lender Land Bank of the Philippines (LANDBANK) has doubled its credit commitment to the local swine industry from P15 billion to P30 billion. This, according to the bank, will help local pork producers and feed millers to repopulate and...
LIMA Land, Inc., a member of the Aboitiz Group of Companies, is offering new commercial lots in Batangas with the launching of the next phase of its commercial zone’s transformation. LIMA Central Business District is LIMA Estate’s 30-hectare commercial area, which houses various commercial...
Land Rover Defender pickup Prince Philip, the Duke of Edinburgh, will be laid to rest today at St George’s Chapel. However, unlike other Royals, the vehicle taking him to his final resting place will not be a luxurious Bentley or Rolls-Royce. It will be a Land Rover. Serving as the official...
DITO Telecommunity Corporation (DITO) just broke ground for its first Data Center, "expected to generate thousands of jobs", at Udenna Land, Inc. (ULI)'s Clark Global City (CGC). Designed after Google’s campus-style headquarters, the master-planned development in CGC is "a critical component to...
AyalaLand Logistics Holdings Corporation (ALLHC) Group, a unit of property giant Ayala Land Inc., has acquired Technofreeze, a cold storage facility in Laguna. In a statement, ALLHC said Technofreeze has a proven track record of serving companies with diverse products such as processed meat...
The fate of the stock market this week is seen to hinge on whether or not the growth of new COVID-19 cases in the country is arrested and if the imposition of strict quarantine measures will be extended further. (Photo credit: https://www.pse.com.ph) “Investors are expected to take cues from our...
State-lenders Land Bank of the Philippines and the Development Bank of the Philippines (DBP) received their largest capital infusions from the national government during the Duterte administration. In a statement, the Department of Finance (DOF) said the government infused a total of P53.3 billion...
