Alliance Global Group Inc. (AGI), the investment holding company of tycoon Andrew Tan, reported an almost flat net income of P20.05 billion during the first nine months of the year versus P20.14 billion in the same period of 2023. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Global Ferronickel Holdings Inc. (FNI), a leading nickel ore producer in the Philippines, reported a 67.6 percent drop in attributable net income to P502.6 million in the first nine months of 2024 due to lower nickel prices. In a disclosure to the Philippine Stock Exchange (PSE), the firm said this...
Megaworld Corporation, the country’s pioneer builder of townships, reported a 16 percent growth in net income for the first nine months of 2024 to P15.69 billion, from P13.5 billion in the same period last year, as all its key businesses improved. In a disclosure to the Philippine Stock Exchange...
The Department of Health (DOH), in collaboration with the World Health Organization (WHO), joined countries worldwide in celebrating Global Handwashing Day on Tuesday, Oct. 15. (DepEd / file photo) This year's theme, "Why Are Clean Hands Important?" emphasized the crucial role of proper hand...
The Ayala Group’s Globe Telecom reported that it has successfully held end-to-end satellite SMS customer trial in a remote area with no reception in Zambales through the low-earth orbit (LEO) satellites of partner Lynk Global Inc. The telecommunications firm said this is a milestone in its...
Philippine debt levels as a share to the economy fell across-the-board in the first half of 2024, according to the latest data from the Washington-based Institute of International Finance (IIF), underscoring the "double-edged sword" wrought by the previously elevated interest rate environment. The...
This year's US presidential election and the Philippines' midterm polls next year, among other geopolitical and climate events, pose risks to near-term economic outlook here and abroad, according to the Washington-based Institute of International Finance (IIF). "Political uncertainties and policy...
With the success of the first Tempur cinema in the Philippines, a new experiential showroom opened on September 10 in the same mall—Uptown Bonifacio in Taguig. Personalities such as Rambo Nuñez, Jason Webb, Justine Luzares, Inka Magnaye, Christian Bables, Arianna Evangelista, and John de Leon...
Alliance Global Group Inc. (AGI), the investment arm of tycoon Dr. Andrew Tan, is planning to develop a $300 million integrated resort and casino in Boracay in addition to its planned $400 million for a similar, but bigger, project in Mactan. In an interview during the Inside Asian Gaming...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Dr. Andrew Tan, is ramping up its hotel business expansion target to over 12,000 rooms by 2028 to 2029 instead of 2030, as it banks on the growth of the tourism industry. In an interview, AGI President and CEO Kevin Andrew...
Several Chinese companies have been shortlisted by SP New Energy Corporation (SPNEC) of the Manila Electric Company (Meralco) Group for soon-to-be awarded contracts on the supply of photovoltaic (PV) modules and energy storage systems (ESS) for the $4.0 billion Terra solar project, an expansive...
London-headquartered private equity firm Actis is injecting colossal investment of $600 million (approximately P34 billion) for its 40 percent equity acquisition in the $4 billion Terra Solar project being advanced to commercial fruition by SP New Energy Corporation (SPNEC) of the Manila Electric...
