The Metropolitan Waterworks and Sewerage System (MWSS) has penalized Maynilad Water Services Inc. due to failure to provide 24/7 water supply to its customers in BF Homes, Parañaque sometime in May. In an advisory, the MWSS Regulatory Office (MWSS RO) said that it will conduct a virtual public...
Smart_500x500 Smart Communications, Inc. (Smart) has expanded its nationwide 5G network to 6,400 base stations, surpassing its initial target of 3,800 for 2021. This puts Smart's total base stations as of end-September to 72,600, enabling Smart to cover 96% of the population from Batanes to...
Synergy Grid and Development Philippines, Inc. (SGP) successfully listed the shares from its P13.8 billion follow-on offering (FOO) on the Philippine Stock Exchange (PSE). The stock closed 5 percent higher at P12.60 per share from its FOO price of P12.00 apiece. SGP offered 1.05 billion common...
logo Telemedicine provider KonsultaMD expects to follow the footsteps of its unicorn sister company, Mynt, in the coming years. KonsultaMD is a portfolio company of 917Ventures, an affiliate of Globe Telecom Inc. Less than two years into the pandemic, medical consultations through the KonsultaMD...
D&L Industries is confident of exceeding its pre-pandemic earnings this year after registering strong growth in the third quarter despite the reimposition of stricter quarantine measures. In a press briefing, D&L President Alvin D. Lao said, the country’s largest specialty food...
The local stock market rose to a new 2021 high for the third straight session, this time spurred by the higher-than-expected growth in gross domestic product for the third quarter. PSE_NEW The main index gained 45.45 points or 0.82 percent to close at 7,441.67 as the Services sector led the rally...
The Aboitiz Group recently bagged the prestigious Agora Award for Outstanding Achievement in Advocacy Marketing in support of the United Nations Global Compact. The award is given by the Philippine Marketing Association to Philippine-based companies that have institutionalized advocacy marketing,...
Diversified engineering conglomerate DMCI Holdings, Inc. more than tripled its consolidated net income to P13.5 billion in the first nine months of 2021 from P3.9 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, consolidated core net income soared 173 percent...
The local stock market sustained last week’s winning streak on Monday, with the PSEi hitting its highest level so far this year, as investors remained bullish amid the downtrend in COVID cases and the coming announcement of the Philippine gross domestic product. The main index added 55.45 points...
Leading small footprint food and beverage store operator Fruitas Holdings, Inc. is diversifying into the healthcare business. In a disclosure to the Philippine Stock Exchange, the firm said it has entered an agreement to acquire 100% of the shares of Surehealth Multi-Specialty and Diagnostic Clinic...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, reported a 9 percent improvement in consolidated net income to P15.6 billion in the first nine months of 2021 from P14.4 billion in the same period last year. In a disclosure to the Philippine Stock...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for the builder of the Makati City Subway, the Department of Finance (DOF) announced. In a statement released by the DOF on Monday, Nov. 8, it said that the FIRB took into consideration the projected increase in...
