East Zone concessionaire Manila Water Company, Inc. has started the construction of its 42nd sewage treatment plant, which will cost P4.2 billion to build. In a statement, Manila Water said it already broke ground for the construction of Mandaluyong West Sewerage System Project, which is...
Integrated Micro-Electronics, Inc. (IMI), the manufacturing arm of the Ayala Group, reported that its net loss narrowed to $3.5 million last year from $13.2 million in 2019 on the back of a strong fourth quarter. Photographer: SeongJoon Cho/Bloomberg In a disclosure to the Philippine Stock...
Real estate giant Ayala Land Inc. posted a 74 percent drop in net income to P8.7 billion last year from P33.2 billion in 2019 but is increasing capital expenditures as it is optimistic of a recovery in 2021. In a media briefing, ALI President and CEO Bernard Vincent O. Dy said the firm endured...
The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corporation’s planned issuance of fixed-rate bonds worth up to P30 billion. The SEC said AboitizPower may issue the debt securities in one or more series within three years. For the first tranche, the listed...
Eight firms under the SM group of companies received Golden Arrow Awards from the Institute of Corporate Directors (ICD) for performing well in the ASEAN Corporate Governance Scorecard (ACGS). In a statement, the conglomerate said this is an assessment benchmarked against international best...
AREIT, Inc. (AREIT), the real estate investment trust of Ayala Land, Inc. (ALI), reported a net income of P1.23 billion last year, up 42 percent if excluding a one-time gain in 2019. In a disclosure to the Philippine Stock Exchange, the firm said the higher profit is on account of its stable...
Century Pacific Food, Inc. (CNPF) continues to promote unMEAT, its range of 100 percent plant-based meat products, in the hopes of tapping into the food’s growing global market. The firm said in a statement that its new plant-based range is in response to the expandingconsumer preference for...
'Bagong Hamon, Bagong Tapang' ad campaign mirrors the lives of Filipinos today With the new normal comes a new start, a new hope, and a new future that is in our hands to shape. The pandemic may have exposed our weaknesses, but it has also built new courage and strength. It is a courage that says,...
Businessman Lucio Co is spinning off his liquor distribution businesses in Cosco Capital Inc. to another publicly-listed firm, Da Vinci Capital Holdings Inc. (DAVIN). In a disclosure to the Philippine Stock Exchange, Cosco said its Board of Directors has approved the acquisition of a controlling...
Century Properties Group Inc. announced that Jose Roberto “Robbie” R. Antonio has resigned as Co-Managing Director and Member of the Board, effective immediately. In his letter to the CPG Board on February 20, 2021, Antonio said his departure will allow him to focus on resolving the issues in...
Trading at the stock market this week is seen to be volatile due to a confluence of factors including earnings reports from some blue chip companies. Photo credit: https://www.pse.com.ph “A shortened trading week (EDSA Revolution Anniversary on February 25) interspersed with earnings...
Singapore-based Aleta Planet, a certified member of UnionPay International, is eyeing Greenergy Holdings, Inc. (GREEN) of agri-entrepreneur Antonio Tiu as partner for the issuance of virtual cards as well as cross-border money remittance services. Under the proposed collaboration, Aleta Planet will...
