Alsons Consolidated Resources, Inc. (ACR), the flagship of the Alcantara Group, posted a 22 percent growth in net income to P2.29 billion last year from the P1.88 billion earned in 2022 on the back of growing demand for power in its core markets in Mindanao. In a disclosure to the Philippine...
There’s just something charming about living in the South these days. For one, the air in the South is much cleaner and lighter since there's lesser volume of vehicles in the area. Unlike in Metro Manila where traffic eats up a significant chunk of people's time every day, moving from one...
A top management role has pulled in for scion Antonio Miguel B. Alcantara who has been designated Chief Executive Officer (CEO) at Alsons Power of the Alcantara group, following the retirement of Tirso G. Santillan, who is the departing company CEO and Executive Vice President. As announced to the...
Real estate giant Ayala Land Inc. is absorbing through a merger 34 firms it owns directly or through wholly-owned subsidiaries AyalaLand Estates Inc. (ALEI) and AyalaLand Hotels and Resorts Corporation (AHRC) . “The merger is an internal restructuring to simplify the ownership structure and is...
Mining and power firm Nickel Asia Corp. of the Zamora family saw a 53 percent drop in audited attributable net income to P3.7 billion last year from P7.9 billion in 2022 as nickel ore prices were lower due to the increase in Indonesian nickel production. In a disclosure to the Philippine...
The MFT Group of Companies (MFT Group) and its owners are asking the Securities and Exchange Commission (SEC) to lift the cease and desist order issued against the company for alleged illegal solicitation of investments from the public. In a statement, the firm said it has asked the SEC “to...
TORONTO – Investors who are seriously looking at infusing heavy capital for nuclear power projects in the Philippines are decisively assessing concerns on siting as well as certainty of regulatory frameworks being the challenges that could make or break a deal in the resurgence of this...
Wilcon Depot is honored to collaborate with the Philippine Institute of Interior Designers, forging a partnership that elevates design standards and inspires creativity in every space. From left: PIID Executive Director for Finance, IDR. Christine Villamora; Wilcon Depot SEVP-COO, Rosemarie...
The Sy family-controlled SM Prime Holdings, Inc., one of the leading integrated property developers in Southeast Asia, is planning to raise up to P25 billion from the first tranche of its P100 billion bonds to be shelf-registered with the Securities and Exchange Commission. In a disclosure to the...
The Po family-controlled Century Pacific Food, Inc. (CNPF), one of the leading food companies in the Philippines, is investing $40 million (P2.22 billion) to increase coconut water production capacity after bagging a fresh contract from The Vita Coco Company Inc. In a disclosure to the Philippine...
Show producer Television and Production Exponents Inc. (TAPE) will continue to pursue the cases about the “Eat Bulaga” trademark and copyright issues despite the end of its noontime program “Tahanang Pinakamasaya.” TAPE has a pending petition with the Court of Appeals (CA) and appeal...
Senator Sherwin Gatchalian called on the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) to conduct an independent investigation on the validity of a joint venture company operating in Negros Island. Gatchalian, vice chairman of the Senate Committee on Energy, was...
