First Philippine Holdings Corporation bagged a gold award for its maiden entry to the 6th Asia Sustainability Reporting Awards (ASRA) held by CSRWorks International, a Singapore-based sustainability services firm. In a statement, First Philippine Holdings said its 2020 Integrated Report earned the...
Fruitas Holdings, Inc. is ramping up its foray into the bakery business by acquiring certain assets of Balai Pandesal Corporation and converting its branches into multi-product stores. In a disclosure to the Philippine Stock Exchange, Fruitas said Balai Pandesal sells a wide range of bread products...
Cirtek Holdings Philippines Corporation’s subsidiary Quintel USA is gearing up to ride on the 5G wave which is seen to propel the telecommunications industry for at least the next five years. “As the US auction on mid-band frequency has concluded with winning bidders announced and awarded last...
PHINMA Education Holdings, Inc. (PEHI), the education services subsidiary of PHINMA Corporation, has acquired Union College of Laguna (UCL) -- joining its roster as its ninth school in the Philippines. Union College of Laguna In a statement, PHINMA said UCL is the second in its Laguna network after...
First Philippine Holdings Corporation, the investment arm of the Lopez Group of Companies, is more than tripling its capital expenditures budget this year to P50 billion from the P15 billion actually spent in 2020. During the firm’s annual stockholders’ meeting, FPHC President Francis Giles...
STI Holdings, owner of one of the country’s largest network of schools, reported a net income of P82.6 million for the first three months of 2021, reversing its P211.6 million net loss in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said The increase in...
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...
Safer and more convenient walkways await commuters and pedestrians alike with the upcoming construction of the EDSA Busway Concourse Project next month, the Department of Transportation (DOTr) said. Conceptual image of the EDSA Busway Concourse. (Photo from DOTr) The DOTr led on Tuesday, May 18,...
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 local stock market is seen to move sideways this week as the previous week’s trading shows that investors are not allowing the PSEi to drop too low while not having enough confidence to buy up share prices. “For trend watchers, the best case is for a sideways drift to appear in the next...
JG Summit Holdings, Inc. (JGS), the flagship of the Gokongwei group, reported a consolidated net income of P122 million in the first quarter of 2021 from P1.9 billion in the same period last year. Based on the firm’s disclosure to the Philippine Stock Exchange, earnings were weighed down by...
Six Philippine companies, led by the Sy family’s SM Investments Corporation and BDO Unibank, made it to Forbes Magazine’s 19th annual Global 2000 list. The list is an international ranking of the world's biggest, most-powerful and most-valuable companies based on an analysis of four metrics:...
