Integrated Micro-Electronics Inc. (IMI), the Ayala Group’s global electronics manufacturing unit, reported a much lower net loss of $36.5 million last year from the $109.2 million loss incurred in 2023 after implementing cost reduction measures. In a disclosure to the Philippine Stock Exchange,...
Due to one-time losses, Aboitiz Equity Ventures Inc. (AEV), the investment holding company controlled by the Aboitiz family, reported a 23 percent drop in consolidated net income to ₱18.1 billion in 2024 from ₱23.5 billion in 2023. In a disclosure to the Philippine Stock Exchange, the firm said...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Ecomamoni Environmental Recyclable Materials Manufacturing Inc. for soliciting investments from the public without the necessary license from the Commission. In an order, the SEC’s enforcement and investor...
Technology and gaming firm DFNN Inc. is aiming to double the current number of lottery sales agents of Philippine Charity Sweepstakes Office (PCSO) in just one year by selling 6,000 hand-held betting devices. In an interview, DFNN Executive Chairman Ramon C. Garcia Jr. said their LottoMatik...
Sharon Musngi-Ngo, 2GO Sea Solutions Business Unit Head With images of towering cargo ships, massive warehouses, and the complex work of supply chains, the logistics industry has long been perceived as a male-dominated field. However, this narrative is shifting with the progressive mindset of...
Emerging Power Inc. (EPI), the renewable energy (RE) arm of Nickel Asia Corp. (NAC), has secured a loan from Rizal Commercial Banking Corp. (RCBC) to fund its solar project in Zambales. In a statement on Friday, March 7, EPI announced that it secured a ₱5.175-billion finance senior term...
Department of Labor and Employment (DOLE) Undersecretary for Employment and Human Resource Development Cluster Carmela I. Torres (center) leads the awarding of a P1-million training fund to Pacific Farms, Inc. on February 28, 2025. The initiative, under the DOLE Adjustment Measures Program (AMP),...
Amid declining casino revenues, Razon-led Bloomberry Resort Corp., owner and operator of the two Solaire and the Jeju Sun integrated resorts, is rolling its dice in the online gaming table. Sharing its online gaming plan with stock analysts, Bloomberry said it will fully launch its online gaming...
ICTSI's global operations continue to drive record-breaking growth, with net income surging 66 percent in 2024 Global port operator International Container Terminal Services Inc. (ICTSI) tallied an impressive growth momentum in 2024, growing its net income by 66 percent despite geopolitical...
PHirst Centrale Batulao: New Batangas township. Century Properties Group's first-home brand, PHirst, has launched its second township project, Century PHirst Centrale Batulao, in Nasugbu, Batangas. In a disclosure to the Philippine Stock Exchange, the firm said this marks a significant...
Davao tycoon Dennis A. Uy’s PH Resorts Group Holdings Inc. still owes Bloomberry Resorts Corp. of Enrique K. Razon Jr. ₱301 million from the ₱1-billion deposit made for the cancelled investment in shelved casino projects in Cebu and Clark. In a disclosure to the Philippine Stock Exchange,...
Smart Communications Inc. is accelerating its AI transformation through a strategic partnership with Amazon Web Services (AWS). Smart Communications Inc., the wireless unit of telecommunications giant PLDT Inc., is teaming up with Amazon Web Services (AWS) to accelerate Smart’s ongoing...
