Okada Manila, the integrated casino resort owned by Tiger Resort Leisure and Entertainment Inc. (TRLEI), is turning to its newly minted online gaming business to overcome severe structural headwinds and macroeconomic fallout from the Middle East crisis, which the company expects will weigh on...
Universal Robina Corp. (URC), the Gokongwei Group’s food and beverage unit, is targeting mid-single-digit growth in revenues, while earnings before interest and tax (EBIT) are seen rising at a faster pace, although it remains wary that a prolonged war in the Middle East could affect consumer...
Universal Robina Corp., the food and beverage arm of the Gokongwei family’s JG Summit Holdings Inc., reported a four percent decline in first-quarter net income from continuing operations to ₱4.1 billion as lower sugar prices weighed on its commodities segment. In a disclosure to the Philippine...
Tiger Resort, Leisure and Entertainment Inc. (TRLEI), the owner of Okada Manila integrated casino resort, registered a 53- percent drop in earnings before interest, taxes, depreciation, and amortization (EBITDA) during the first quarter—signaling that the local casino business is still far from a...
The Super Mario Galaxy Movie is the highly anticipated follow-up to the wildly successful Super Mario Bros. movie from three years ago. In keeping with the time-honored tradition, this story again begins with a princess being kidnapped. This time, however, it isn’t Anna Taylor-Joy’s Princess...
DreamWorks Animation released the first trailer of "Forgotten Island" on March 25, an original film that puts the unbreakable bond between two best friends to the ultimate test. Rooted in rich Filipino culture, the film stars H.E.R. and Liza Soberano as Jo and Raissa — lifelong best friends and...
Okada Manila is shifting its strategy toward mass-market gamblers and regional tourism partnerships as the integrated resort operator looks to recover from an operating loss last year. Parent company Universal Entertainment Corp. said the company expects the Philippine gaming sector to remain...
Gokongwei-led food and beverage manufacturer Universal Robina Corp. (URC) expects to recover from last year’s weaker earnings performance as lower coffee costs should translate into better margins. “As coffee normalizes, we expect today’s volume momentum to translate into share gains, margin...
Universal Robina Corp. (URC) is ceding control of its instant-noodle joint venture to its Japanese partner as the company pivots to a minority role in the local segment. In a disclosure to the Philippine Stock Exchange, URC announced that the food and beverage arm of the Gokongwei group entered...
Senator Loren Legarda has sponsored a bill seeking to strengthen Republic Act No. 10931, or the Universal Access to Quality Tertiary Education Act, through reforms aimed at promoting equity, accountability, and sustained support for the country’s poorest students. “We are a nation that tells...
The Department of Education (DepEd) on Monday, February 2, underscored the importance of learner participation in shaping education reforms as it moves toward a more future-ready and learner-centered system, with a focus on strengthening foundations in early education. During the International Day...
The Commission on Higher Education (CHED) announced it has launched an internal review and pledged full cooperation with investigators following a Commission on Audit (COA) report flagging P20 billion in unliquidated and delayed education subsidy grants under the Tertiary Education Subsidy (TES)...
