Metro Pacific Investments Corporation reported a 23 percent hike in consolidated core net income to P9.5 billion for the first nine months of 2021 from P7.7 billion in the same period last year. In a press briefing, MPIC President and CEO Jose Ma. K. Lim said “this substantial improvement from...
SM Investments Corporation, the flagship of the Sy family, reported a 79 percent jump in consolidated net income to P27.2 billion in the first three quarters of 2021 from the P15.2 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
A cooperation agreement was inked between the governments of the Philippines and New Zealand to advance the common goal of fortifying geothermal energy developments which will anchor on technology for the country's energy transition agenda. The formal covenant, which is already the second tie-up...
The general review of the Philippines-Japan Economic Partnership Agreement (PJEPA) has reached an impasse as Manila’s insistence that Tokyo includes in the renegotiation table - market access issue or preferential if not zero tariff rates for its agricultural products - fell on deaf ears. During...
The Board of Investments (BOI) has approved the P603 million general hospital project of Cagayan United Doctors Medical Center (CUDMC) to augment the high demand for hospital capacity in Region. The general hospital level 2 CUDMC, located in Tuguegarao City, is a five-story hospital that will cater...
Foreign portfolio investments in September reversed to a net outflow of $24 million versus the previous month’s net inflow of $12 million, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, Oct. 28. 42027 The $24 million net outflows are lower than the $494 million net outflows registered in...
Shares other financial steps for a better future for every Filipino “I’ve heard and seen so many athletes who, after their careers, didn’t know where to go after. They went after their ‘wants’ instead of their ‘needs.’ Nakakalungkot. I don’t want it to happen to me and to all the...
Transmission firm National Grid Corporation of the Philippines (NGCP) is scheduling P440 billion worth of investments that will be funneled to 211 projects to be concretized in a span of more than a decade. According to the company, the capital outlay will be spread over 13 years that will...
While a lot of businesses suffered because of lockdowns due to the pandemic, there are some companies like logistics firm Airspeed which found a niche and thrived. Airspeed, part of SM Investments Corporation’s portfolio investments, is one of the largest end-to-end logistics solutions and...
The pandemic and the climate crisis are increasing the pressure on corporations globally, including the Philippines, to take accountability for their impact on the environment and push for sustainability efforts. During the ASEAN Sustainability E-Summit on Friday, Tim Daniels, investor relations...
Some of the next generation leaders in the Philippines are bent on pushing for sustainability, even as they noted of challenges that need to be addressed to achieve the goal. 40301 During the first session of ASEAN Sustainability E-Summit on Thursday, Oct. 21, Mariana Beatriz Zobel de Ayala, vice...
The Department of Finance (DOF) wants to stop burning coal in Mindanao, in line with the government’s program aimed at promoting sustainable investments. During the launching of the Philippine Sustainable Finance Roadmap and Guiding Principles on Wednesday, Oct. 20, Finance Secretary Carlos G....
