Alliance Global Group, Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, posted a 3 percent decline in attributable profit to P8.2 billion while reported net income dipped 6 percent to P12 billion. In a disclosure to the Philippine Stock Exchange, AGI said consolidated revenues rose by...
MREIT, Inc., the real estate investment trust of top office landlord Megaworld Corporation, reported a distributable income of P638 million for the second quarter of 2022 sustaining its strong performance in the previous quarter. In a statement, the firm said it also closed the second quarter of...
Following a bout with Covid-19, no one expected that Kevin Alas would put up a scintillating performance – not even himself. Kevin Alas (PBA Images) Alas, who missed the last two games due to health and safety protocols, revealed that he actually struggled with his stamina during practices after...
Emperador Inc., a leading global spirits firm controlled by tycoon Dr. Andrew Tan, saw it share prices rise in both Singapore and the Philippines after the listing of its shares in the Singapore Exchange Securities Trading Limited (SGX-ST). The firm’s listing at the...
Township developer Megaworld Corporation expects to continue recovering this year from the impact of the pandemic and sees stronger growth compared to 2021. “We already started to focus on growth again. Consequently, we are targeting higher reservation sales this year, and are expanding our...
Alliance Global Group Inc. (AGI), the investment arm of tycoon Andrew Tan, is increasing its capital expenditure budget by 33 percent to P60 billion this year. The firm said in a disclosure to the Philippine Stock Exchange that the higher capex budget is in preparation for a further improvement in...
NLEX erased a 16-point halftime deficit before surviving some anxious moments late to defeat Terrafirma, 105-102, and begin its PBA Philippine Cup campaign with a victory Wednesday, June 8 at the Smart Araneta Coliseum. Kevin Alas of NLEX (PBA) Kevin Alas, JR Quinahan, Calvin Oftana and Don...
The World Bank said the Philippine government’s debt load remains manageable despite recent acceleration amid the prolonged pandemic. Even it has ballooned, Kevin Chua, World Bank senior economist noted that the government’s debts are mostly held by Filipino creditors, long-dated IOUs and...
K-pop boy band The Boyz have postponed two shows in the US after members and staff tested positive for Covid-19. They are currently in the US for “The Boyz World Tour: The B-Zone in USA” concert tour. The Boyz in the US (Twitter) The Boyz's (from left) Kevin, Juyeon and Q have tested positive...
Megaworld Corporation is increasing its planned capital expenditures by 39 percent this year to P50 billion as it banks on improved mobility and a more revitalized economy this year. In a statement, the firm said around 75 percent of this year’s budget will be spent for real estate developments,...
Emperador Inc. is raising its capital expenditure budget to expand its overseas whisky business while sister company Megaworld Corporation is expanding its reach in the domestic front. During the Emperador’s annual stockholders’ meeting, is was disclosed that the firm increasing its capital...
Photo from PBA Gilas Pilipinas faces the possibility of having just 11 players following Kevin Alas’ decision to pull out of the 31st Southeast Asian Games in Hanoi, Vietnam due to personal reasons. Alas is skipping the biennial meet to be with his wife Selina, who revealed a few weeks ago that...
