Cebu Landmasters Inc. (CLI) recently announced the 2021 rollout of its flagship economic housing brand Casa Mira in four more key cities in the Visayas-Mindanao region as the response to the massive demand for safe and secure value housing heightened by the pandemic. A study from Leechiu Property...
The COVID19 pandemic resulted in lower container volumes, pulling down Asian Terminals Inc. (ATI)’s earnings by 20.4 percent, from P3.71 billion in 2019 to P2.96 billion last year. Container volumes at the Manila South Harbor plunged 20.4 percent while those at the Batangas Container Terminal...
Several areas in Pasig City, Quezon City, and Binangonan, Rizal will experience water service interruption this week, Manila Water announced Monday. (JANSEN ROMERO / MANILA BULLETIN) In an advisory, Manila Water said the water service interruption is due to the scheduled repair and pipe maintenance...
Robinsons Retail Holdings, Inc. (RRHI ) is extending its share buyback program for an additional amount of P2.0 billion to improve shareholder value. In a disclosure to the Philippine Stock Exchange, the Gokongwei group’s retail arm said this will be on top of the P2.0 billion share buyback...
Success is not final; failure is not fatal. It is the courage to continue that counts. —Winston Churchill With almost a year in lockdown, it is no secret that the COVID-19 pandemic has forced most businesses to reduce their spending, if not completely reduce their workforce or halt their...
The Philippine Chamber of Agriculture and Food Inc. (PCAFI) and its member group Philippine Maize Federation Inc. (PMFI) asked the Philippine Ports Authority (PPA) to approve the construction of the First Border Inspection Facility or Agricultural Commodity Examination Area (ACEA) in Manila Port....
International Container Terminal Services, Inc. (ICTSI) reported a slight uptick in audited consolidated attributable net income to US$101.8 million last year, one percent higher than the US$100.4 million earned in 2019. In a disclosure to the Philippine Stock Exchange, the firm said the growth in...
D&L Industries, the country’s largest specialty foods ingredients, plastics and oleochemicals firm, reported full recovery in the fourth quarter of 2020 and expects earnings to return to pre-COVID levels this year In a media briefing, D&L President Alvin D. Lao said “recovery...
The government’s new infrastructure projects are expected to fuel housing demand outside of Metro Manila, according to one of the country’s top property developers. Red Rosales, president of Bria Homes a subsidiary of Villar-owned Golden MV Holdings, Inc., said the current infrastructure...
Metro Pacific Investments Corporation (MPIC) and its logistics arm MetroPac Movers Inc. (MMI) helped store batches of the CoronaVac vaccine, from Beijing-based biopharmaceutical firm Sinovac, in the MetroPac Movers Inc. warehouse in Marikina City. “We are now embarking on our journey towards...
BDO Leasing and Finance, Inc. (BDOLF) reported the inet profits surged to P252.3 million last year from P46.8 million in 2019 on the back of stable asset yields and lower funding costs. In a disclosure to the Philippine Stock Exchnage, the firm said total expenses dropped by 34 per cent to P2.0...
Home improvement and finishing construction supplies retailer Wilcon Depot reported that its net income declined by 31.8 percent to P1.45 billion last year. In a disclosure to the Philippine Stock Exchange, the firm said net sales decreased by 7.5 percent to P22.63 billion as the COVID-19 pandemic...
