Amid ongoing debates on flood control projects and corruption issues, the Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) has pointed to key sectors that continue to support the economy. During a media roundtable on Thursday, Sept. 25, Jeffrey T. Ng, executive vice...
Ayala Land Inc. (ALI) is rolling out ₱4.4-billion worth of inventory under phase three of its commercial lots in Cresendo, its 290-hectare (ha) estate in Tarlac, after the first two phases have been sold out amid strong investor demand. The real estate giant said the commercial lots were taken up...
D&L Industries Inc. reported that two of its wholly-owned subsidiaries operating at its new Batangas plant, D&L Premium Foods Corp. (DLPF) and Natura Aeropack Corp. (NAC), have been granted two more years of Income Tax Holiday (ITH) by the Philippine Economic Zone Authority (PEZA). Originally set...
Hong Kong-listed CSC Holdings Ltd., through CS Capital Investment Pte. Ltd., has completed its acquisition of a 26.3 percent stake in the Cabagangon group’s Citystate Savings Bank, Inc. In a disclosure to the Philippine Stock Exchange, CSBank announced that it was informed of the completion of...
Several promising locations and provinces in the region of Luzon offers diverse experiences, stunning wonders and a heritage to explore. One province in particular that is captivating people’s attentions is the beautiful Pangasinan. As a prominent travel haven in Central Luzon, this location is...
The Chinese Filipino Business Club, Inc. (CFBC) has condemned widespread corruption in the country, calling it a “recurring issue” that has led to the theft of billions of pesos from taxpayers. In a statement, CFBC President Samuel Lee Uy expressed frustration over recent reports of funds...
Amid the recovery of the consumer market, billionaire Manuel B. Villar Jr. is strengthening management of AllHome Corp. and AllDay Marts Inc. by hiring two retail veterans as their new presidents. In a disclosure to the Philippine Stock Exchange (PSE), AllHome said Frances Rosalie T. Coloma has...
Gaisano-led Metro Retail Stores Group, Inc. (MRSGI) has expanded its branch network to 78 stores with the opening of Metro Store and Supermarket in Bais City, marking the community and the retail chain’s continued growth in the Visayas. The firm said its newly launched Metro Market and Department...
Phoenix Petroleum Philippines Inc. informed the Philippine Stock Exchange (PSE) that it is unable to pay dividends due to its preferred shareholders because it has no unappropriated retained earnings. The PSE had written Phoenix Petroleum, directing it to give an update on the redemption and...
The Gokongwei Group’s property development arm, Robinsons Land Corp. (RLC), has raised ₱7.75 billion from the sale of one billion shares of RL Commercial REIT Inc. (RCR) to increase the real estate investment trust’s (REIT) public float. In a disclosure to the Philippine Stock Exchange (PSE),...
Antonio-led Century Properties Group Inc. has been included in the Financial Times Stock Exchange (FTSE) Global Equity Index Series (GEIS) - Microcap Index effective Monday, Sept. 22. The FTSE Microcap Index is part of the globally recognized FTSE Global Equity Index Series, which serves as a...
Meralco 's power generation arm, Meralco PowerGen Corp. (MGen), is looking to expand into Malaysia, citing the country’s rising demand for power, particularly from the growing data center industry. MGen President and Chief Executive Officer Emmanuel Rubio stated in a media roundtable that...
