AyalaLand Logistics Holdings Corp. (ALLHC) posted a 10 percent improvement in net income to P165 million in the first quarter of 2021, driven by tightened spending and cost-management initiatives amidst the challenging environment. In a disclosure to the Philippine Stock Exchange, the firm said...
The Clark International Airport Corp. (CIAC) lauded DITO Telecommunity Corp.'s P20.5 billion infrastructure investment in Clark as "a welcome respite to interrupted businesses because of the pandemic". DITO's Google campus-inspired data center which recently broke ground at the Clark Global City...
NLEX Corporation goes full blast on its major infrastructure projects, from the 8-kilometer NLEX Connector to the upgrade of the 5-kilometer Candaba Viaduct, despite community quarantine restrictions. “We are following our timelines and have contingencies in place to be able to accomplish our...
75 YEARS OF PH-US RELATIONS The US government has committed to continue extending economic assistance to the its ally the Philippines in the form of grants for infrastructure projects, investment insurance coverage, technical and sustainability assistance as both countries marked their 75...
AyalaLand Logistics Holdings Corporation (ALLHC) Group, a unit of property giant Ayala Land Inc., has acquired Technofreeze, a cold storage facility in Laguna. In a statement, ALLHC said Technofreeze has a proven track record of serving companies with diverse products such as processed meat...
Trade and Industry Secretary Ramon M. Lopez said the loan take up of micro enterprises at the SB Corp., the micro financing arm of the government, has started to pick up. According to Lopez, the loan take up has already improved from about 200 applications a week only at the start to...
JG Summit Holdings, Inc., the highly-diversified flagship of the Gokongwei group, reported a 98 percent fall in core net income to P450 million last year mainly due to the losses of its airline and petrochemicals businesses during the pandemic. In a disclosure to the Philippine Stock Exchange, the...
SM Investments Corporation (SMIC) is acquiring the 31.73 percentstake of Chelsea Logistics and Infrastructure Holdings Corporation in 2GO Group Inc., for about P6.64 billion, to gain control of the shipping and logistics firm. In a disclosure to the Philippine Stock Exchange, SMIC said...
TRINX Bicycle Sport Technology Corp. (TBSTC), a 60-40 Filipino-Chinese joint venture, is investing P356.4 million in the Philippines for the production of various types of bicycles for export and domestic markets. The Board of Investments (BOI) has approved the registration of TRINX, which...
Volkswagen Philippines, one of the motor vehicle units of the Ayala Group, strongly pivots this year to the distribution of more affordable but of same quality vehicles from China or other markets with less “friction cost” rather than from their products’ source of origin, Germany. Felipe...
Senator Sonny Angara is pushing for the measure seeking to increase the deposit insurance coverage provided for by the Philippine Deposit Insurance Corp. (PDIC). Sen. Sonny Angara (Alexis Nueva España / Senate PRIB / FILE PHOTO) With more Filipinos now putting their money in banks, Angara said the...
Mitsubishi Motors Philippines Corp. (MMPC), the country’s second largest car company, has issued a public advisory requiring buyers to post provisional cash deposit on brand new motor vehicle purchases affected by the provisional safeguard duty imposed by the government. In the public...
