Fruitas Holdings, Inc. (FRUIT) registered a net loss of P16 million in the first quarter of 2021, in line with the fourth quarter 2020 level, but a reversal from a net profit of P15 million in the first quarter last year. In a disclosure to the Philippine Stock Exchange, the firm noted that it...
Community pantry at Chinese General Hospital In the spirit of goodwill and the bayanihan drive, the Chinese General Hospital and Medical Center (CGHMC) rolled out its very own employees’ pantry earlier this month. A joint project together with the CGH Employees Association-UFSW, the pantry is...
Aboitiz Equity Ventures Inc. has firmed up its plan to raise up to P10 billion through the issuance of bonds which have been given the highest triple-A rating by Philippine Rating Services Corporation (PhilRatings). PhilRatings said it has assigned an Issue Credit Rating of PRS Aaa, with a Stable...
The Philippine Army (PA) will further boost its mobility with the expected delivery this year of 90 Russian-made, troop-carrying trucks worth P324 million, the Department of National Defense (DND) bared Sunday, May 30. Department of National Defense Spokesperson Arsenio Andolong (Photo courtesy of...
Sun Life Asset Management Co., Inc. said the Philippine economy may need two years before returning to its pre-pandemic levels owing to uncontrolled coronavirus infections and anemic household consumption. Screen Shot 2021-05-27 at 3.14.47 PM Michael Gerard D. Enriquez, Sun Life Asset Management...
Robinsons Land Corporation (RLC), the property development arm of the Gokongwei group, is planning a P26.67 billion initial public offering for its real estate investment trust (REIT) RL Commercial REIT Inc. RLC REIT has just filed with the Securities and Exchange Commission a registration...
Fruitas Holdings, Inc. is ramping up its foray into the bakery business by acquiring certain assets of Balai Pandesal Corporation and converting its branches into multi-product stores. In a disclosure to the Philippine Stock Exchange, Fruitas said Balai Pandesal sells a wide range of bread products...
Ginebra San Miguel Inc. (GSMI) reported a 120 percent surge in net income to P1.04 billion in the first three months of 2021 from the P474 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the spirits business of San Miguel Food and Beverage Inc. (SMFB)...
All existing telco laws must be integrated into one to avoid conflicting provisions when legislators pass the Open Access in Data Transmission Bill. “Organizing outdated laws on telecommunications in one comprehensive law will prevent conflicting provisions,” stressed Atty. Ariel Tubayan, Globe...
Over the past week, PLDT Inc. and Smart Communications Inc. blocked over 5,800 links with child sex abuse materials on the more difficult content-level. This was on top of at least 3,000 domains they have cut access to in their battle against online sexual abuse and exploitation of children...
PHINMA Education Holdings, Inc. (PEHI), the education services subsidiary of PHINMA Corporation, has acquired Union College of Laguna (UCL) -- joining its roster as its ninth school in the Philippines. Union College of Laguna In a statement, PHINMA said UCL is the second in its Laguna network after...
Coca-Cola Beverages Philippines, Inc. (CCBPI), the bottling arm of Coca-Cola in the country, has ramped up installation of solar panels in its manufacturing sites. Coca-Cola Bacolod Plant - Completed in February 2021, the installation of close to 3,000 solar panels at Coca-Cola's Bacolod...
