DMCI Holdings Inc., the diversified conglomerate controlled by the Consunjis, expects a strong recovery this year due although a return to its pre-pandemic performance is not seen until 2023. “We believe that our Company can stage a recovery this year on the back of higher construction...
GT Capital Holdings, Inc., the investment arm of the Ty family, reported a 60 percent jump in consolidated net income to P4.1 billion in the first quarter of 2021 from the P2.5 billion it earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the conglomerate...
The Cavite-Laguna Expressway (CALAX) Subsection 5, a 7.2km, 2x2 lane expressway linking the Sta. Rosa-Tagaytay Road to Silang, Cavite, is now 94 percent complete and will be opened to motorists this third quarter, 2021. This section of CALAX will cut travel time to Silang from the current one hour...
Cavite-Laguna Expressway (CALAX) Subsection 5, targeted to open to motorists in the third quarter of 2021, is 93 per cent complete, MPCALA Holdings Inc. Friday, (April 30) announced. Subsection 5 is a 7.2km, 2x2 lane expressway linking Sta. Rosa-Tagaytay Interchange to Silang East Interchange....
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, is subjecting its P80-billion capital expenditure budget for 2021 to a quarterly review. During the firm’s annual stockholders’ meeting, SM Prime President Jeffrey Lim said the regular review was...
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...
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...
QualiMed Health Network, a member of the Ayala group of companies, reported that it has vaccinated over 1,400 of its healthcare worker population. The QualiMed Health Network, with hospitals in Sta. Rosa, Laguna, San Jose Del Monte, Bulacan, Tanauan, Batangas, and Iloilo City, Iloilo, are among the...
Metro Pacific Hospitals Holdings Inc. reported that it has vaccinated more than 13,000 healthcare workers in its 18 hospitals since the arrival of the first batches of the Sinovac and AstraZeneca vaccines in the Philippines in early March. The network’s three largest hospitals in terms of...
Redco Transit Development Pte Ltd. (Redco) of Singapore has terminated its planned acquisition of shares in Makati City Subway Inc. (MCSI) from Philippine Infradev Holdings Inc. (PIHI) and Hong Kong Binjiang Industrial Limited (HK Binjiang). The Philippine Competition Commission (PCC) on March 9,...
Subsection 5 of the P24.2 Billion Cavite-Laguna Expressway (CALAX) , a 7.2-kilometer link from Santa Rosa-Tagaytay Interchange to Silang East Interchange, Cavite has achieved 83% construction progress and will open to motorists by third quarter, 2021. DPWH Sec. Mark A. Villar is joined by...
Greenergy Holdings Inc., the listed firm of businessman Antonio Tiu, continues to beef up its fintech portfolio with the acquisition of 51 percent of ABS-CBN Corporation’s U-Pay Digital Technologies Inc. for P54 million. The move is part of Greenergy's bold ambition and pivot towards digital...
