Metropolitan Bank & Trust Company (Metrobank) reported that its net income surged 95 percent to P7.6 billion in the second quarter of the year, boosting first half earnings by 33 percent to P15.6 billion year-on-year. In a disclosure to the Philippine Stock Exchange, the bank said it almost...
JG Summit Holdings Inc., the flagship of the Gokongwei Group, has raised P12.38 billion from the sale of 36 million shares of Manila Electric Company (Meralco) through an overnight block trade. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors had approved the...
President Ferdinand "Bongbong" Marcos Jr. has vetoed the proposed bill that seeks to expand the franchise area of Davao Light and Power Company. JUST IN: President Ferdinand Marcos Jr. vetoes the bill proposing to expand the franchise of the Davao Light and Power Company "due to, among others, its...
SM Retail’s specialty brand Baby Company has built its digital presence and expanded its brick and mortar stores to provide for newborns’ essential needs in preparation for the full reopening of the economy. In a statement, SM Retail said Baby Company has recently opened stores in SM Daet and...
The first Holiday Inn branded property in Cebu opened its doors to guests last June 16, 2022 with the highly anticipated launch of Holiday Inn Cebu City in the heart of Cebu Business Park. A joint partnership between The Erawan Group Public Company Limited and IHG Hotels & Resorts, the...
Cosco Capital, Inc., the retail holding firm of businessman Lucio Co, is venturing into the construction and home depot business through a P500 million partnership with Siam Global House Public Company Limited of Thailand. In a disclosure to the Philippine Stock Exchange, Cosco said it has signed a...
Manila Water Company continues to expand its network of water lines and has already laid and maintains 5,290 kilometers of water pipelines in eastern Metro Manila and parts of Rizal province as of March 2022. In a statement, the utility said this is part of its continuing commitment to further...
Manila Water Company reported that its social flagship program, Tubig Para sa Barangay (TPSB), has already benefited almost two million people from marginalized communities across the east zone of Metro Manila. In a statement, the firm said TPSB completed more than 800 projects which resulted in...
76541 The Anti-Red Tape Authority (ARTA) once again ruled in favor of automatic approval for NOW Telecom Company, Inc. (NOWTEL)'s cellular mobile service license and frequencies. The National Telecommunications Commission (NTC) granted NOWTEL with a Cellular Mobile Telephony System (CMTS)...
East Zone concessionaire Manila Water Company has constructed a molecular laboratory for SARS-CoV-2 wastewater surveillance in a bid to ease the impact of the COVID-19 virus. In a statement, Manila Water Laboratory Services Head Joy De Vera said the facility, built in coordination with government...
The Securities and Exchange Commission (SEC) has revoked the registration and secured conviction of several illegal lending companies as part of its sustained crackdown against illegal and abusive lenders, the Department of Finance (DOF) said. In a statement, the DOF cited an SEC report that showed...
Metropolitan Waterworks and Sewerage System (MWSS) and Manila Water Company, Inc. (MWC) have signed a Fifth Amendment to the Revised Concession Agreement (RCA) covering the operation of the waterworks and sewerage services in the Service Area East. In a disclosure to the Philippine Stock Exchange,...
