The P30-billion Cebu-Cordova Link Expressway (CCLEX) is now 61 percent complete in the midst of the Covid-19 pandemic. CCLEX links mainland Cebu from Cebu City to the Municipality of Cordova in Mactan Island. The overall engineering, procurement and construction (EPC) progress of the project...
Bounty Agro Ventures, Inc. (BAVI)—home of the famous brand Chooks-to-Go—tapped Globe Business to optimize its digital operations and provide customers with contactless access to food products. The leading chicken rotisserie company and one of the largest poultry integrators in the Philippines...
With fall armyworm (FAW) continuously infesting farms across the country, corn farmers are facing a bigger problem than declining farm-gate prices. The infestation’s estimated loss in the economy? Around P20 billion. A statement showed that the government now sees a P20-billion economic...
BDO Unibank, Inc. (BDO) reported a 3.1 percent improvement in attributable net income to P12.3 billion in the third quarter of 2020 from P11.96 billion in the same period last year despite the continuing impact of the pandemic. In a disclosure to the Philippine Stock Exchange, the bank said...
Emperador Inc., the world’s largest brandy company, posted an 11 percent growth in its net income to P5.9 billion during the first nine months of the year due to international sales of its brandy and whisky products. In a disclosure to the Philippine Stock Exchange, the firm said that it achieved...
HP, one of the leading computer and printer brands globally, has maintained a positive outlook in the Philippines following strong demand due to work from home arrangements even as it strengthened its services to help in the students' remote learning program of the Department of Education....
AREIT Inc., the real estate investment trust sponsored by Ayala Land Inc., has acquired a mall and office development in Pasig City from the real estate giant for P5.1 billion. In a disclosure to the...
The Guillermo Mendoza and the 51st Box Office Entertainment Awards recognizes the leadership of Jonathan So, President and CEO and Carlito Macadangdang, Vice President and CFO of JC as this year’s Most Outstanding Global Entrepreneurs. Being the leaders of one of the leading conglomerate in...
Ayala-owned AC Energy Philippines (ACEN) has executed a new subscription agreement with subsidiary Ingrid Power Holdings Inc. for the parent firm to purchase specified number of shares; then the proceeds of that transaction will bankroll the first phase of the latter’s 300-megawatt Pililla...
PMFTC Inc., the local affiliate of Philip Morris International, assured that the company is fully committed to help tobacco-farming communities in recovering from the coronavirus-induced economic crisis. Denis Gorkun, PMFTC president Denis Gorkun, PMFTC Inc. president, said that approximately...
Local food producers across all agricultural sectors – palay, corn, hogs, poultry, and fishery – have complained about a sector-wide crisis being experienced now in agriculture, which they said was triggered by low farm-gate prices, falling production, and lack of government support. In a...
As palay prices continue to go down and the alleged entry of tons of smuggled corn began eating up a portion of the domestic demand, Philippine Chamber of Agriculture and Food Inc. (PCAFI) asked the Philippine government to immediately implement safeguard measures for the producers of the...
