Campos-led Del Monte Pacific Limited (DMPL) continued to report losses for the first nine months of its fiscal year ending on April 30, 2025 (FY2025) but sees a return to profitability in the coming years. In a disclosure to the Philippine Stock Exchange, the firm said it expects to incur a net...
Telco giant PLDT Inc. has completed the installation of an underwater cable system at its landing stations in Aurora and Davao, boosting its international capacity for data traffic. The 12,000-kilometer-long Apricot cable system linked to landing stations in Baler, Aurora and Digos City, Davao del...
Avida Land, Ayala Land’s mid-market residential brand, launched the final tower of Avida Towers Makati Southpoint, following the strong sales of its first two towers, underscoring Makati’s appeal as a prime residential and investment destination. In a statement, Ayala Land said Makati remains a...
Wilcon Depot is flying high beyond 100 with the successful grand opening of its 101st store in Tuba, Benguet! This new store strengthens Wilcon’s presence in the province, following the successful launch of its first Benguet branch in La Trinidad in September 2024. Wilcon marks a strong start to...
Globe Business, Globe Telecom Inc.’s information and communication technology unit, has partnered with food service group Shakey’s Pizza Asia Ventures Inc. (SPAVI) to upgrade its order management system, further improving operational efficiency. Globe Business said in a statement that it will...
Gotianun-led Filinvest Land Inc. is set to expand its residential, retail, and warehouse business after successfully raising ₱12 billion from the second tranche of bonds from its ₱35 billion shelf-registered program. The firm listed the bonds at the Philippine Dealing & Exchange...
VisMin developer Cebu Landmasters Inc. (CLI) has been included in the ATRAM Philippine Sustainable Development Growth Fund as a nod to its commitment to sustainability. The fund, managed by ATRAM, selects the top 20 listed companies that demonstrate strong environmental, social, and governance...
SM Supermalls, the mall operations unit of SM Prime Holdings Inc., reported a six percent growth in average daily foot traffic to an all-time high of 5.2 million last year from 4.9 million in 2023. In a disclosure to the Philippine Stock Exchange, the firm said this record performance was due to...
West zone concessionaire Maynilad Water Services, Inc. invested nearly ₱26 billion in capital expenditure (capex) last year to improve water and wastewater services in its service area. In a statement on Tuesday, March 11, Maynilad reported spending ₱25.75 billion on capex projects...
ILOILO CITY—A major business group has reiterated its stand against the proposed bridge project that would link world-famous Boracay Island to mainland Malay town in Aklan province. PEOPLE disembark from a boat at an alternative port in Boracay Island. Tourists and residents going to this...
Ayala Land Hospitality, the rebranded hotels and resorts unit of real estate giant Ayala Land Inc., is set to double its portfolio, investing $500 million in expansion and renovation projects through 2030. Ayala Land Senior Vice President for Leasing and Hospitality Mariana Zobel de Ayala In a...
Po family-led restaurant group Shakey’s Pizza Ventures Inc. (SPAVI) aims to continue expanding, particularly outside of Luzon, even as the industry is still in the process of recovering from the impact of the pandemic on consumer preferences. According to SPAVI President Vicente Gregorio, they...
