International Container Terminal Services, Inc. (ICTSI) was recognized as the Philippines' best transport company by financial magazine Asiamoney. ICTSI named Philippines’ best transport company by Asiamoney_900x600 ICTSI, the country's largest port operator was the most outstanding company under...
Emperador Inc., the liquor business of tycoon Andrew Tan, is aiming to double the sales of its branded single malt whisky by 2025 as it banks on market premiumization and the growing demand for high-priced scotch in China. In an investors’ briefing, Emperador said that its single malt sales...
Gotianun-led Filinvest Land, Inc. is planning to raise up to P10 billion through the sale of peso denominated retail bonds, the second tranche of the company's P30 billion shelf-registered bonds. In a disclosure to the Philippine Stock Exchange on Thursday, Sept. 23, FLI said its Board of Directors...
The Department of Agriculture (DA) said the “root cause” of its billions of unobligated funds last year was the COVID-19 pandemic, following the request of the private sector for the Agriculture Secretary William Dar to explain the findings of Commission on Audit (COA) on the agency’s...
The pandemic has significantly slowed down the domestic e-vehicle (EVs) industry in 2020, with EV registration dropping 35 percent versus pre-pandemic level, according to the Electric Vehicle Association of the Philippines (EVAP). eVAP logo At the virtual 9 th Philippine Electric Vehicle Summit...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has already covered 626 hectares of denuded forest lands and coastal areas with trees and mangroves since 2007. As of August, the company reported it has planted more than 692,000 indigenous trees over 585 hectares of the Ipo and La...
Abaca exporter Newtech Pulp Inc. will buy abaca fiber from three forest communities in Lake Lanao in the linking efforts led by the Department of Environment and Natural Resources (DENR). Abaca plantation in Lake Lanao watershed The people's organizations are Sunrise Producer Association, Wato...
Robinsons Retail Holdings, Inc. (RRHI) now has 870 drugstores with the opening of Rose Pharmacy’s newest store in Lapu-Lapu City, Cebu. Combined with Southstar Drug, Rose Pharmacy is part of RRHI's aggressive pipeline to expand its drugstore business across the Philippines. Formal Opening of Rose...
PMFTC Inc., the local affiliate of Philip Morris International (PMI), remained the country’s largest cigarette manufacturer in terms of sin tax contributions to government revenue, data from the Department of Finance (DOF) showed. PMFTC Based on the DOF’s analysis, the company behind the...
AREIT is 1st PHL REIT in FTSE By JAMES A. LOYOLA AREIT Inc. (AREIT), the pioneer REIT in the Philippines, is now also a constituent of the FTSE EPRA Nareit Asia ex Japan REITs 10 percent Capped Index—the first Philippine real estate investment trust to be included. In a disclosure to the...
AllDay Supermarkets, owned and operated by the Villar Group’s AllDay Marts, Inc., has been cited as a leading player in the mid-premium market segment in the country. “AllDay is a leading player in the mid-premium supermarket segment,” said London-based independent analytics and consulting...
The ASEAN automotive industry registered positive growths both in sales and production with all countries, except Myanmar, reporting higher sales as of July this year. Data from the ASEAN Automotive Federation showed the region’s automotive sales went up 27.5 percent to 1,507,331 units from...
