Despite a lower capital expenditures budget this year, Globe Telecom reported that it continues to make significant strides in expanding its network infrastructure across the country. The firm reported that it built 352 cell towers and upgraded 1,942 existing mobile sites to long-term evolution...
The Yuchengco Group’s Malayan Insurance Co. Inc. has maintained its Financial Strength Rating of B++ (Good) from A. M. Best. The firm reported that it also retained the Long-Term Issuer Credit Rating of “bbb” (Good), and Philippines National Scale Rating (NSR) of aa+.PH (Superior) for 2023....
SSI Group, Inc., the Tantoco family’s holding company for its portfolio of upscale retail brands, reported at 27.8 percent drop in net income to P726.3 million for the first half of 2024 from P1 billion during the same period last year despite higher sales. The firm said in a disclosure to the...
DMCI Homes, the Philippines’ leader in resort-inspired developments, is developing the site of the former Delta Theater in Quezon City into a 57-storey residential condominium. The Consunji-led property developer announced that it is building One Delta Terraces, a single-tower residential...
Parqal is a walkable, 15-minute city. (Photos courtesy of D.M. Wenceslao and Associates, Inc.) For Delfin Angelo C. Wenceslao, the director, president, and chief executive officer of D.M. Wenceslao and Associates, Inc. (DMWAI), “great public space makes for great world-class cities.” This was...
Metro Retail Stores Group Inc. (MRSGI) of Cebu’s Gaisano family reported a 27 percent drop in net income to P100.4 million in the first half of 2024 from P136.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm explained that “despite the...
East Zone concessionaire Manila Water Co. Inc. said it has added over 14,000 new water service connections in the first half of the year to expand its water services in its franchise area. In a statement, Manila Water reported that it installed 14,125 new water connections from January to June of...
Razon-led firm Primelectric Holdings, Inc (PHI) has acquired the 70 percent majority stake in Bohol Light Company Inc. (BLCI), a power utility servicing Tagbiliran City that was divested by SPC Power Corporation, a company chaired by businessman Alfredo Henares. Following the shares unloading of...
MGen Renewable Energy Inc. (MGreen), the renewable energy investment platform of Meralco PowerGen of the Manila Electric Company group, has acquired 50% stake in the 450-megawatt (MWac) Bugallon solar farm project in Pangasinan that was under a service contract held by Singaporean firm Vena Energy....
Arlene Jacosalem, vice president of Finance of Communiity Creators Inc.; Rowena Ignacio, vice president for Sales; and Jose Dalida, vice president and COO Last July 20, Community Creators, Inc. (CCI) welcomed its valued clients and guests to a special Investors night hosted by Amiya Raya’s...
The Philippine Stock Exchange’s benchmark, the PSEi, is seen to end the year at the 7,000 level as a favorable economic landscape is unfolding with lower interest rates and an easing inflation rate. “Our bottom-up analysis suggests a target of 7,000 for the PSEi in 2024, implying a...
PLDT Inc. (PLDT) and its wireless unit Smart Communications, Inc. (Smart) are warning its customers against vishing, or phishing over voice calls, after the activation of a new firewall blocked scammers from doing SMShing, or phishing over SMS. “Criminals are quick to adapt. Now that our new...
