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...
After seeing a decline in sales due to high commodity prices last year, the Philippines’ leading home improvement and construction supplies retailer, Wilcon Depot Inc., is hoping for some recovery in 2025 as inflation eases. In an interview with reporters, Wilcon Senior Executive Vice President...
Township developer Megaworld Corporation, the real estate arm of tycoon Andrew Tan’s Alliance Global Group, is set to launch at least two more townships outside of Metro Manila this year. The firm said it is continuously ramping up its portfolio of integrated developments in the provinces and the...
RALLY FOR PEACE Over 1.6 million members of Iglesia Ni Cristo (INC) gathering at Quirino Grandstand during the National Rally for Peace (Photo by John Louie Abrina) It was a sea of white as if the clouds themselves had descended on earth. Iglesia ni Cristo (INC) members, 1.6 million...
Tiger Resort, Leisure and Entertainment Inc., (TRLEI) the integrated resort operating under the name Okada Manila, continued to report a drop in both revenues and earnings but showed that quarterly gaps are becoming narrower. TRLEI’s parent company Universal Entertainment Corporation disclosed in...
Zobel-led Ayala Corporation has entered into a partnership with the UP Engineering Research and Development Foundation Inc. (UPERDFI) to advance collaboration and capability building on artificial intelligence (AI) and data science. In a statement, Ayala said the partnership seeks to support the UP...
