The Aboitiz Group’s investment arm Aboitiz Equity Ventures Inc. (AEV) reported a two percent dip in consolidated net income to P23.5 billion last year from the P24 billion earned in 2022 due to one-time gains. In a disclosure to the Philippine Stock Exchange (PSE), AEV said that, excluding...
AbaCore Capital Holdings Inc. boasted that a Singapore-based, long-term-oriented investment fund with a focus on businesses based in Emerging Asia is increasing its investment in the company but declined to name the investor. In a statement, AbaCore said the unnamed investment fund purchased an...
STI Holdings, owner of the largest network of private schools in the Philippines, said it has decided to acquire the Philippine School of Business Administration (PSBA) in both Quezon City and Manila as a strategic move aimed at bolstering business and entrepreneurship education in the country....
Senator Cynthia A. Villar said she is confident that the link and network established by the country’s hog producers with institutional markets—such as restaurants and hotels—will lessen their dependence on imported pork. HOG FESTIVAL 2024. Senator Cynthia Villar, Department of Agriculture...
Damosa Diamond Tower Ricardo "Cary" Lagdameo is on a mission. As the CEO and president of Damosa Land, he’s committed to transforming the company into more than a dominant real estate player in the South. Lagdameo emphasizes the unique commitment of Damosa Land, extending beyond that of most real...
Central Azucarera Don Pedro Inc. (CADPI), a wholly-owned sugar mill subsidiary of the First Pacific Co.-controlled Roxas Holdings Inc., announced that it has permanently closed its business operations effective on Feb. 28, 2024 due to serious business losses and the government’s sugar...
DMCI Homes, the Consunji Group’s residential arm, is set to launch its latest leisure development, an eco-agri mountain resort condotel in the town of Tuba, Benguet, following the success of its first leisure property, in San Juan, Batangas. In a statement, the firm said Tuba is an ideal location...
General Romeo Brawner Jr. (fourth from right), Chief of Staff of the Armed Forces of the Philippines, receives the 4th Metrobank Foundation Award for Partner in Empowerment, Advocacy, and Commitment to Excellence (PEACE) given by the Metrobank Foundation Inc. to the AFP during its 45th founding...
While its core banking, retail, and real estate businesses continue to generate huge profits, SM Investments Corporation (SMIC) is relying on its portfolio investments for future growth and to steadily increase its share in total earnings in the coming years. SMIC President and CEO Frederic C....
MREIT Inc., the real estate investment trust of the country’s largest office landlord Megaworld Corporation, registered a 13 percent growth in attributable net income to P2.8 billion last year from the P2.5 billion earned in 2022. In a disclosure to the Philippine Stock Exchange (PSE), the...
Gotianun-led property developer Filinvest Land Inc. (FLI) reported a 30 percent hike in attributable net income to P3.77 billion last year on the back of the solid contributions of its residential and leasing business segments. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
2GO Group Inc., the Philippines’ largest end-to-end transportation and logistics solutions provider and part of SM Group, has teamed up with the Department of Trade and Industry (DTI) to enable a community of online entrepreneurs in Central Luzon. Randy Zafra, 2GO Retail Operations Manager,...
