The Figaro Coffee Group (FCG), a leader in the Philippine food and beverage sector, is allotting about P1 billion for the opening of 70 to 80 new stores this year as it aims to expand its footprint in Visayas and Mindanao. FCG Chairman Justin Liu In an interview, FCG Chairman Justin Liu said the...
Young billionaire Leandro Leviste’s Countryside Investments Holdings Corporation has signed a term sheet with tycoon Manuel V. Pangilinan to invest P5 billion for an initial 71.6 percent in Roxas Holdings Inc. Countryside’s investment will help Roxas Holdings service debt to avoid bankruptcy,...
SM Supermalls President Steven Tan, SM Engineering Design and Development President Hans Sy Jr., Caloocan City Mayor Dale Gonzalo "Along" Malapitan, Diocese of Novaliches Bishop Roberto Qrendain Gaa, Vice Mayor Karina Teh, and SM Food Retail Executive Director Hendrik Sy SM City Caloocan officially...
PETValue, a 2.28-billion-peso multi-phased joint venture in General Trias, Cavite, utilizes the country's most advanced bottle-to-bottle PET recycling technology. The facility recently celebrated a significant milestone-recycling 1 billion PET bottles. PETValue Philippines, the country’s first...
Ginebra San Miguel Inc. (GSMI) remains dedicated to its sustainability commitment through various eco-initiatives. GSMI announced starting June 2024, its leading Chinese wine brand Vino Kulafu will use a smaller plastic cap seal that’s said to be 0.22 grams lighter than the previous...
The Securities and Exchange Commission (SEC) has approved the planned P15 billion offering of blue bonds by Maynilad Water Services, Inc. In its meeting on May 16, the Commission En Banc resolved to render effective the registration statement of Maynilad covering up to P12 billion of fixed-rate,...
The Gotianun Group’s Filinvest Land, Inc. (FLI), one of the country's largest real estate developers, reported a 14 percent growth in attributable net income to P845 million for the first quarter of 2024 compared to the same period last year. In a disclosure to the Philippine Stock...
Alcantara-led Alsons Consolidated Resources (ACR) reported a drop in net income for the first three months of the year due to the plant’s forced outage in Sarangani province. In a statement, ACR said it was able to consolidate P479 million worth of net income in the first quarter of this year,...
Tanduay Distillers Inc., a subsidiary of Lucio Tan’s LT Group Inc., reported that it is gaining traction in the Chinese market despite being a newcomer in the country. In a statement, the firm said Philippine rum brand Tanduay is starting to gain recognition among consumers after introducing them...
Tycoon Andrew Tan’s holding company Alliance Global Group Inc. is infusing P2.61 billion into property development subsidiary Megaworld Corporation through subscription of new shares. In a disclosure to the Philippine Stock Exchange, AGI said its Board of Directors has approved the subscription...
Century Properties Group Inc. (CPG) maintained its strong performance in the first quarter of 2024 with a 35 percent growth in consolidated net income to P410 million from the P302 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said revenues...
The Ty family’s GT Capital Holdings, Inc. posted a seven percent growth in core net income to P7.06 billion for the first quarter of 2024 from P6.56 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated net income likewise grew by seven...
