Gokongwei-led Robinsons Land Corporation’s budget-friendly Go Hotels will have to take a back seat as the company focuses on growing more upscale brands under its ₱125 billion five-year expansion and premiumization plan. In a media briefing after the RLC annual stockholders’ meeting, RLC...
Tycoon Andrew Tan’s township developer Megaworld Corporation reported a 16 percent growth in net income to ₱5.83 billion in the first quarter of the year as its growing focus on the provinces helped the performance of all of its core businesses. In a disclosure to the Philippine Stock Exchange,...
The Philippine Coast Guard (PCG) has mobilized BRP Teresa Magbanua (MRRV-9701) and an aircraft to monitor, challenge, and escort a Chinese research vessel suspected of conducting illegal marine scientific research off the coast of Ilocos Norte. Tan Suo 3 was detected entering the country’s...
AVANT GARDENER A few columns ago, I wrote about Anitu Forest Food Processing, a small batch chocolatier from Bukidnon and Anitu Food Forest, the syntropic farm that supplies the cacao for the artisanal chocolates. Fourth-generation farmer Marvi Montecillo recounted his journey to syntropic...
Tanduay Distillers, Inc. (TDI), the spirits unit of the Lucio Tan Group, posted a 37 percent growth in net income to a record ₱2.15 billion in 2024 from the ₱1.57 billion earned in the previous year. In a statement, the firm said this growth was driven by a combination of higher sales...
Eton Properties Philippines Inc. President and Chief Executive Officer (CEO) Kyle C. Tan Eton Properties Philippines Inc. (EPPI), the real estate arm of the Lucio Tan Group, reported a 71-percent drop in net income to ₱213 million last year, from ₱746 million in 2023, mainly due to a one-time...
Incoming Philippine Airlines (PAL) President Richard Nutall (left) and incoming Executive Vice President and Chief Operating Officer (COO) Carlos Luis Fernandez (right) Flag carrier Philippine Airlines (PAL) has appointed British national and veteran airline industry executive Richard Nuttall as...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Dr. Andrew Tan, is cutting capital expenditures (capex) for 2025 following a decline in earnings in 2024. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it is allotting ₱63 billion for capex this...
AVANT GARDENER I began suffering what I now realize were stress headaches in grade one. Not wanting me to rely too much on paracetamol, my mother, a migraine sufferer, introduced me to the wonderful world of salves and liniments, and I’ve been quite exacting about it ever since. The point...
DoubleDragon Corporation, the partnership between tycoons Tony Tan Caktiong and Edgar Sia II, is finally transitioning into a holding company with its acquisition of Sia’s listed retailer MerryMart Consumer Corporation after initially buying a 35 percent stake for ₱1.28 billion. In a disclosure...
For SM Prime, sustainability is not merely a statement, but a strategic imperative that is deeply embedded in the way the company operates. This is demonstrated in concrete outcomes that reflect the organization’s innovation and leadership when it comes to its environmental efforts, continuously...
Emperador Inc., the liquor unit of tycoon Andrew Tan, expects a better year for its brandy business, but its whisky business faces challenges, especially with the new US trade policies. In a disclosure to the Philippine Stock Exchange, the firm said “2025 will be better than 2024” for its...
