The fourth section of the P56 Billion, 45-kilometer, Cavite-Laguna Expressway (CALAX), the Silang East Interchange, is now open to motorists. The Department of Public Works and Highways (DPWH), together with MPCALA Holdings Inc. (MHI) today (August 24) inaugurated the interchange which extended the...
D.M. Wenceslao and Associates, Inc. reported an 18 percent growth in attributable net income to P853 million in the first half of 2021 primarily due to a tax credit related to Corporate Recovery and Tax Incentives for Enterprise Act (CREATE). In a disclosure to the Philippine Stock Exchange, the...
The majority of the members of the Davao Marsman Agrarian Reform Beneficiaries Multi-Purpose Cooperative (DAMARB MPC) intend to continue with its contract of lease with export banana plantation company, Marsman Estate Plantation Inc. (MEPI). Photo from Manila Bulletin In a statement, DAMARB MPC...
Medilines Distributors Inc., a leading distributor of medical equipment in the Philippines,is planning to expand its presence as well as its product portfolio of quality medical devices amid the ongoing pandemic. The firm said “The COVID-19 pandemic has led to a dramatic loss of human lives,...
The Gokongwei Group’s RL Commercial REIT Inc. (RCR) has set its final initial public offering price at P6.45 per share, making it the country’s largest real estate investment trust with a market capitalization of P64.2 billion. The firm is raising up to a total of P23.51 billion from its maiden...
Some 28 business and professional organizations in the country have expressed strong support as they called to uphold the independence of the Commission on Audit, which has uncovered “deficiencies” in its audit on the way government funds were being appropriated by government agencies. “We,...
Top Frontier Investment Holdings Inc., the owner of 67 percent of San Miguel Corporation, reported that its net income soared 802 percent to P28.15 billion in the first half of 2021 from the P4.01 billion net loss suffered in the same period last year. In a disclosure to the Philippine Stock...
Manila Water Company, Inc. and Maynilad Water Services, Inc. are still not allowed to disconnect customers from August 21 to 31, 2021, after Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS RO) extended its no service disconnection policy. 27524 In a text exchange, MWSS Chief...
Ayala Land’s pioneering real estate investment trust (REIT) in the Philippines, AREIT Inc. (AREIT), reported a 29 percent growth in net income to P1.31 billion in the first half of the year. In a disclosure to the Philippine Stock Exchange, the firm explained that its earnings include the fair...
AllDay Marts Inc., the Villar Group’s supermarket chain, has filed its registration statement with the Securities and Exchange Commission for its planned initial public offering worth up to P6 billion. Documents at the SEC show, the firm is planning to offer up to 6.86 billion common shares at a...
Higher volumes at Asian Terminals Inc. (ATI)' s international gateway ports in Manila and Batangas boosted the operator's revenues for the first six months of 2021 by 8.2% to P5.47 billion versus the same period last year. ati_headoffice However, ATI's net income dipped 2% to P1.13 billion due to...
Emperador Inc. is planning a secondary listing by way of introduction on the Main Board of the Singapore Exchange. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has granted authority to the management to deliver all the necessary requirements for a Secondary...
