AyalaLand Logistics Holdings Corp. (ALLHC), the subsidiary of Ayala Land, Inc. (ALI) focused on the development of industrial properties, is planning to double its current cold storage capacity by 2025 as demand from importers continue to grow. ALLHC President and CEO Robert S. Lao ...
Senator Risa Hontiveros on Tuesday, April 23 urged the Department of Energy (DOE) to deliver a lastong solution to the recurrent power outages hitting the country during summer season. Hontiveros made the call as electricity demand increased during the summer months and forced the National Grid...
The officials and members of the Board of Directors (BODs) of Clark International Airport Corporation (CIAC) disbursed P3.1 million in "irregular and unnecessary" expenses for foreign travels in 2023, the Commission on Audit (COA) said in its annual audit report. COA said that the CIAC...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) is eyeing a 27 percent growth in its consumer loan portfolio to P160 billion this year from P126 billion in 2023. In a statement, RCBC Consumer Lending Group (CLG) Head Ramil De Villa said he is confident in achieving the growth targets with...
The Philippine Stock Exchange (PSE) is preparing to renegotiate its planned buyout of its fellow shareholders in Philippine Dealing System Holdings Corporation (PDS Group) after securing the approval of the Securities and Exchange Commission late last year. In an interview, PSE President and CEO...
The Commission on Audit (COA) has scored the delay in the construction of the P316.4 million Air Traffic Control (ATC) tower building of the Clark International Airpot (CIA) in Pampanga. In its audit report, COA said that the construction of the ATC buildng was only 60.90 percent complete as of...
Ferrari has opened its new permanent home in a state-of-the-art facility in Connecticut Street, in San Juan City. Operated by Ferrari's official importer and distributor in the Philippines, Velocita Motors, Inc., the showroom is envisioned as a dynamic community hub where Ferrari owners can...
Metro Pacific Investments Corporation, through Metro Pacific Agro Ventures Inc. (MPAV), is seeking to at least double its dairy and greenhouse operations while looking to acquire another coconut-based business and large tracts of agricultural land in Mindoro. MPIC Chairman, President and CEO Manuel...
The former head of the Subic Bay Metropolitan Authority (SBMA) has been appointed as the new president and chief operating officer of the Philippine Amusement and Gaming Corp. (Pagcor). In a statement, the gaming regulator and operator announced that Wilma Eisma was sworn in as its new president...
DAVAO CITY – The Quezon City Regional Trial Court (RTC) Branch 85 under the National Capital Judicial Regional (NCJR) has issued an arrest warrant against the alleged mastermind and accomplice in the killing of former Philsaga Mining Corp. president retired Col. Samuel Afdal three years ago in...
Park Inn by Radisson Clark GM Christina Dumaraos, Park Inn by Radisson Bacolod and Iloilo Area GM Sherwin Lucas, Park Inn by Radisson North EDSA GM Ann Olalo, Park Inn by Radisson Davao GM Sven Toune, SM Hotels and Conventions Corp. President Elizabeth T. Sy, Radisson Blu Hotel Cebu GM Marko...
Wheeling of generated capacities from power plants sited in the southern part of Luzon could be impeded if delays in the 500-kilovolt (kV) Tuy-Dasmarinas transmission line project of the National Grid Corporation of the Philippines (NGCP) could not be avoided due to pending legal hurdles, primarily...
