BDO Unibank Inc., a member of the SM Group, reported a 12 percent growth in net income to P39.4 billion in the first half of 2024 from P35.2 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it rode on the stronger momentum from its core...
Zobel-led Globe Telecom welcomes the recent signing of the Anti-Financial Account Scamming Act (AFASA) which is seen to address prevalent online scams through more robust deterrence and enforcement measures. The law aims to “protect all persons from falling prey to the various cybercrime schemes...
Telecom giant PLDT Inc. and its wireless unit Smart Communications, Inc. (Smart) are working closely with government regulators to further protect customers from text scams and other fraudulent activities. The firms said in a statement that this is in line with the Philippine government’s...
The Department of Energy (DOE) has instructed players in the deregulated downstream oil industry to assess the quality of their fuel products before these are retailed to customers – primarily if there had been infiltration of floodwaters in their underground storage facilities or if some...
The Gokongwei Group’s Robinsons Retail Holdings Inc. (RRHI) announced that it will have a new president, Stanley C. Co, taking the helm from Robina Gokongwei-Pe who will move up as Chairman of the Board of Directors. In a disclosure to the Philippine Stock Exchange, the firm said that, at the...
George Aquino, president and CEO of Ayala Land Hospitality Ayala Land, Inc. (ALI) continues to signal its commitment to the hospitality industry by appointing George Aquino as the president and CEO of Ayala Land Hospitality. Aquino, a seasoned hotelier, brings a wealth of experience to the role,...
Aboitiz Equity Ventures Inc., the investment arm of the Aboitiz family, reported a 10 percent improvement in consolidated net income to P11.5 billion for the first half of 2024 from the P10.5 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
Zobel-led Globe Telecom has closed the sale of the last batch of towers comprising 1,037 sites to Frontier Tower Associates Philippines Inc. for P13.17 billion in cash. In a disclosure to the Philippine Stock Exchange, the firm said these tower assets comprise 84 percent ground-based towers...
Wilcon Depot is on a roll. Bolstered by its mission to respond to the evolving needs of the Filipinos in home construction and improvement, Wilcon opened its 96th store on July 19, 2024. The successful opening increased its footprint and accessibility nationwide, in sync with its mandate to provide...
It is high time for companies and organizations around the world to mobilize their commitments to sustainability. Supply chain operations is a key to it! Prepare to immerse yourself in the forefront of sustainable procurement and supply chain innovation at the Manila Marriott Hotel in Pasay City,...
SM Supermalls, the retail leasing unit of Sy-led SM Prime Holdings Inc., reported a 27 percent improvement in foot traffic to an average of above four million daily visitors in the first quarter of 2024 from 3.3 million in the same period last year. In a statement, SM Investments Corporation...
Top lender BDO Unibank Inc. of the Sy family has successfully raised P55.7 billion in fresh funds via its third peso-denominated ASEAN Sustainability Bond issue. In a statement, the bank said the issue was more than 11 times oversubscribed versus the original offer size of P5 billion. BDO noted...
