Construction jobs are generated from new urban developments (Photo courtesy to Anamul Rezwan) Cities worldwide, while diverse in demographics and culture, share a common pursuit of progress through new urban developments. These projects not only enhance convenience amid urban congestion but also...
DMCI 2023 earnings dip from near-record 2022 profit By James A. Loyola Diversified engineering conglomerate DMCI Holdings, Inc. reported a 20 percent decline in consolidated net income to P24.9 billion last year from the near-record P31.1 billion it earned in 2022. “We saw sharp corrections in...
GMAC Logitech Refrigeration Corporation (GMAC), a joint venture between the Ayala Group’s AC Logistics Holdings Corporation and Glacier Megafridge Inc. (GMI), is tripling its cold storage capacity with the construction of a new facility in Davao del Norte. In a statement, AC Logistics said...
AbaCore Capital Holdings Inc. boasted that a Singapore-based, long-term-oriented investment fund with a focus on businesses based in Emerging Asia is increasing its investment in the company but declined to name the investor. In a statement, AbaCore said the unnamed investment fund purchased an...
STI Holdings, owner of the largest network of private schools in the Philippines, said it has decided to acquire the Philippine School of Business Administration (PSBA) in both Quezon City and Manila as a strategic move aimed at bolstering business and entrepreneurship education in the country....
The power investment arm of Manila Electric Company (Meralco) will corner the majority stake of more than 40-percent in the $3.3 billion integrated liquefied natural gas (LNG) project originally owned and developed by SMC Global Power Holdings Corp. (SMGP) of the San Miguel group. According to...
Central Azucarera Don Pedro Inc. (CADPI), a wholly-owned sugar mill subsidiary of the First Pacific Co.-controlled Roxas Holdings Inc., announced that it has permanently closed its business operations effective on Feb. 28, 2024 due to serious business losses and the government’s sugar...
AyalaLand Logistics Holdings Corp. (ALLHC), the subsidiary of Ayala Land Inc. (ALI) focused on the development of industrial properties, suffered a 37 percent drop in net income to P635 billion last year from the P1.01 billion earned in 20222. In a disclosure to the Philippine Stock Exchange (PSE),...
DMCI Homes, the Consunji Group’s residential arm, is set to launch its latest leisure development, an eco-agri mountain resort condotel in the town of Tuba, Benguet, following the success of its first leisure property, in San Juan, Batangas. In a statement, the firm said Tuba is an ideal location...
Power utility giant Manila Electric Company (Meralco) has beefed up its supply portfolio with additional 400-megawatt baseload power supply procurement from the Limay thermal power plant of SMC Global Power Holdings of the San Miguel group. The tariff for the new interim power supply agreement...
The SM Group continues its commitment to spur local economic growth and homegrown brands through its property arm, SM Prime Holdings Inc. which recently opened its 85th mall in Santo Tomas, Batangas. SM City Sto. Tomas Situated at the foot of Mt. Makiling, SM City Sto. Tomas is conveniently located...
Japan is a world leader in state-of-the-art technology and design that lean toward functionality and elegant simplicity. This distinct ingenuity and artistry are just a few of the many reasons real estate developer Federal Land, Inc. has partnered with leading Japanese firms to deliver a slice of...
