Onne Multipurpose Terminal (OMT), International Container Terminal Services, Inc.’s (ICTSI) operation in Nigeria, has invested over $25 million (P1.5 billion) for two new mobile harbor cranes (MHC) and a container freight station (CFS). In a statement, ICTSI said these investments...
Cebu Landmasters Inc. is marking its emergence as a national player in the property development business with planned investments amounting to P12 billion for two projects in Luzon this year. In a press briefing, CLI Chairman and CEO Jose Soberano III said they will be developing an horizontal...
Sy-led BDO Unibank Inc. (BDO) and Japan’s Ashikaga Bank, Ltd. (ABL) signed a business alliance agreement to support Japanese companies looking to establish or expand their presence in the Philippines. In a statement on Wednesday, Jan. 22, BDO said it recently signed a memorandum of understanding...
Emerging nickel producer DMCI Mining Corporation, a member of the Consunji Group, is ramping up output and earnings as it triples the number of its operating mines to three this year, up from just one for most of 2024. In a disclosure to the Philippine Stock Exchange, the firm said it plans to...
DMCI Homes, the residential real estate unit of DMCI Holdings, is looking to hire over 1,000 skilled workers to build the P24 billion Kalea Heights, marking its expansion to Cebu City. In a statement, the firm said it is looking for construction workers, engineers, architects, accountants, sales...
CEBU CITY – The Mindanao Star Bus Transit Inc. assured that it will support the economic growth of Central Mindanao in terms of boosting passenger mobility and transportation of agricultural products. Leo Rey Yanson, the newly re-elected chairman and president of the company, made the...
DMCI Holdings Inc., the flagship of the Consunji family, now expects its newly-acquired cement firm, Concreat Holdings Philippines Inc. (CHP), formerly Cemex Holdings Philippines Inc., to return to profitability in three years instead of the initially projected one year. In an interview, DMCI Chief...
Shipping and logistics provider 2GO Group, Inc. has promoted Will Howell to the newly consolidated position of group chief financial officer and chief operating officer. According to 2Go, this strategic move aims to integrate financial and operational functions, facilitating streamlined...
The signing of the Memorandum of Understanding between the Department of Agriculture and San Miguel Foods Inc. (SMFI's website) The Department of Agriculture (DA) and San Miguel Foods, Inc. (SMFI) are teaming up on their first nationwide public-private partnership (PPP) aimed at providing...
Tuna canner Alliance Select Foods International Inc. (ASFII) has reached a compromise agreement with its Singaporean minority shareholders and former board directors after more than 10 years of legal disputes. In a disclosure to the Philippine Stock Exchange (PSE), ASFII said it entered into the...
Malayan Insurance Co. Inc. is eyeing a boost to sales of its new golfer's insurance product through availability on the popular online shopping platform Lazada. Anthony Louis Guanzon, Malayan Insurance's chief marketing officer, told reporters last Thursday, Jan. 16, that the presence of their...
West Zone concessionaire Maynilad Water Services Inc., a partnership between Metro Pacific Investments Corporation, DMCI Holdings and Marubeni Corporation, expects its business to further improve this year. In an interview, Maynilad President Ramoncito Fernandez said “this should be a better...
