Udenna Corporation, the investment holdings company of Dennis A. Uy of Davao, reported that it has settled its loan obligation with creditor banks prior to the mandated deadline. In a disclosure to the Philippine Stock Exchange, Udenna said has avoided a declaration of default as it has “settled...
Global-Estate Resorts, Inc. (GERI), a subsidiary of Megaworld Corporation, is opening this month its Boracay Newcoast Convention Center (BNCC) which is in the eastern part of Boracay Island. In a statement, GERI said the 1,200-seater convention facility is a modern tensile structure that can be...
Universal Robina Corporation (URC), one of the Philippines’ largest food and beverage companies, is setting even more ambitious goals for its human resources, operations, products and processes. In a statement, URC said it is looking at reducing the amount of energy and water it uses to...
It’s peace of mind, health, and wellness that form the foundation of what homeowners are seeking in this day and age. And what better image can conjure up these qualities than the bucolic rolling hills and sprawling estates of rural England. Cottages evoke cozy living -- a crisp, clean,...
Richard Lim, President/CEO of Sun Group of Companies / Sunland Development Corporation. Sunland Development Corporation under Sun Group of Companies led by President/CEO, Richard Lim, broke ground on Tuesday, July 12, 2022, to formally start the construction of its new office building with...
Universal Robina Corporation (URC) caps off its celebration of Environment Month with a nationwide tree-planting activity. Universal Robina Corporation (URC) culminated its celebration of Philippine Environment Month with a nationwide tree-planting initiative. From Bulacan to Davao, URC...
A one-stop shop for global mobility brands AC Motors now offers a one-stop-shop right at the center of Metro Manila’s commercial district for all of its global mobility brands. The new facility, called AC Motors Centrale, is situated in Bonifacio Global City, Taguig. It’s built on a 3,000-sqm...
Mitsubishi Motors Philippines Corporation (MMPC) introduces Life Kyaraban , an oncoming series of roadshows which will start at the Glorietta Activity Center. It serves as an avenue for customers to not only see up close the latest Mitsubishi vehicles, including the new Xpander, but also thoroughly...
NLEX Corp. has earmarked P1.2 billion this year for upgrading its toll collection and account management systems to speed up lane transactions. “We keep on investing in innovative solutions to make our processes more efficient and make the experience of our motorists more pleasant,” said NLEX...
State-owned Development Bank of the Philippines (DBP) has signed a memorandum of agreement with the Philippine Deposit Insurance Corporation (PDIC) to facilitate the payment of insurance claims to depositors of closed banks, a top official said. DBP President and Chief Executive Officer Emmanuel G....
The Department of Finance (DOF) has ordered the collection of unpaid electricity bills of the Maguindanao Electric Cooperative, Inc. (MAGELCO) and Lanao del Sur Electric Cooperative, Inc. (LASURECO). In a statement Wednesday, June 8, the DOF said MAGELCO and LASURECO have outstanding accounts...
The Philippine Amusement and Gaming Corp. (Pagcor) said it will maintain a neutral stance on the intra-corporate dispute involving the hotel-casino Okada Manila in Parañaque City. Roderick R. Consolacion, Pagcor chief legal counsel, said the gaming regulator follows the law and court processes on...
