JG Summit Holdings, Inc., the highly-diversified flagship of the Gokongwei group, reported a 98 percent fall in core net income to P450 million last year mainly due to the losses of its airline and petrochemicals businesses during the pandemic. In a disclosure to the Philippine Stock Exchange, the...
The Indian government has extended $50,000 worth of assistance to the Philippines' corn sector and has even initiated a bilateral exchange on agricultural technology with the Philippine government. Photo by Gaspar Uhas on Unsplash During the general membership meeting of the Philippine...
Filinvest Land, Inc. (FLI) reported a 41 percent drop in attributable net income to P3.73 billion last year from the P6.28 billion earned in 2019 due to the impact of the pandemic lockdown on its malls and residential businesses. In a disclosure to the Philippine Stock Exchange, FLI said gross...
A Board Member of Sugar Regulatory Administration (SRA) backed the call of some local industry players to scrap the export allocation of the country’s sugar production for the current crop year to the United States. This, as groups like Confederation of Sugar Producers Associations, Inc. (CONFED)...
GT Capital Holdings, Inc., the flagship of the Ty family, reported a 53 percent drop in core net income to P7.4 billion last year from the P15.8 billion earned in 2019. In a disclosure to the Philippine Stock Exchange, the firm said consolidated net income reached P6.5 billion last year, 68...
AgriNurture, Inc. (ANI), the listed firm of agri-entrepreneur Antonio Tiu, has received a Medium Green certification from international research and rating agency Cicero Shades of Green for its planned 75 million Euro Green Bond float in the EU. In disclosure to the Philippine Stock Exchange, the...
The government has ordered Maynilad Water Services, Inc. and Manila Water Company, Inc. to suspend all service disconnection activities this week in Metro Manila and nearby areas. This is in light of the government declaration of an Enhanced Community Quarantine (ECQ) in the NCR Plus bubble,...
The Philippine stock market is seen to weaken further this short trading week as COVD-19 cases continue to surge, sparking talks of the imposition of even more stringent lockdown measures—the government’s main tool in trying to keep infections down. “The local market may decline next week as...
Listed firms AbaCore Capital Holdings, Inc. and Greenergy Holdings, Inc. are planning to jointly develop a Logistics and Food Terminal Complex in Barangay Santa Rita, Aplaya, Batangas City. Based on the Memorandum of Agreement (MOA) signed by Ala Eh Knit Inc., an affiliate of Abacore, and...
Century Pacific Food, Inc. posted a 24 percent growth in net income to P3.9 billion last year as consolidated revenues improved by 19 percent to P48.3 billion as sales rose when more people ate at home because of COVID-19. In a disclosure to the Philippine Stock Exchange, CNPF cited the...
Everyone has been affected since the pandemic started spreading around the world. The quarantine protocols that are put in place to halt the spread of COVID-19 in the country have hindered many local farmers from transporting their products to markets and houses. The strict enforcement of...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad), together with the National Water Resources Board (NWRB) and Department of Environment and Natural Resources, honored 19 “water champions” during the 6th World Water Day Awards 2021, the culminating event of the...
