PLDT and Smart Communications, Inc. secured 22,000 fixed and wireless permits as of June 22, 2021 after the government fast-tracked approvals for telcos. This enabled the two to step up their internet speeds, on the back of their network rollouts. Smart's average mobile download speeds have almost...
Del Monte Pacific Limited (DMPL) reported a net profit of US$63.3 million for its fiscal year ending in April 2021 (FY2021), reversing the US$81.4 million loss suffered in the prior fiscal year. In a disclosure to the Philippine Stock Exchange, DMPL said the higher earnings came after the group...
Facing a heightened demand for its insurance services, Generali Life Assurance Philippines Inc. (GLAPI) tapped into the power of Cloud through Globe Business to prime its business capabilities for rapid growth amidst the increasing consumer appetite for digital services. GLAPI engaged Globe...
The Villar Group of Companies is planning two initial public offerings towards the fourth quarter of the year—Vista Land and Lifescapes’ real estate investment trust (VREIT) and supermarket chain owner AllDay Mart Inc. Villar Group Chairman Manuel B. Villar Jr. In a press interview, Villar...
Alyansa Tigil Mina (ATM) has expressed its support to Brooke’s Point Mayor Jean Feliciano, who was temporarily suspended by the Ombudsman as a result of a lawsuit filed by Global Ferronickel Holdings, Inc.’s (FNI) Ipilan Nickel Corporation (INC). In a statement on Tuesday, ATM said Feliciano...
The Court of Tax Appeals (CTA) en banc has cancelled the P53-million tax collection case imposed by the Bureau of Internal Revenue (BIR) against the president of one of the country's largest logistics and transport companies for violating his right to due process. (Photo from BIR Facebook page) The...
A total of P1,295,050,354.65 worth of dangerous drugs that were confiscated in various operations in the past months were destroyed on Wednesday, June 23, at the Integrated Waste Management Inc. (IWMI) in Trece Martires City, Cavite. Through thermal decomposition, 912,685.73 grams of assorted...
Del Monte Philippines, Inc. reported a 33 percent jump in net income to P4.6 billion for its fiscal year 2021 ending April on improved sales, favorable mix, lower costs and expenses, and greater efficiency. In a disclosure to the Philippine Stock Exchange, DMPI sales improved 8 percent to P34.5...
Lessandra , Vista Land and Lifescapes’ residential brand that caters to the affordable market segment, has retained its traction in 2021 as it reports a promising sales trajectory and an annualized growth rate of 28 percent as of last May. The innovative housing brand ended the month of May with...
Ayala Land Inc. is touting its Ayala North Exchange as a model for sustaibility practices with its LEED-compliant, resource-efficient model that helps to minimize its carbon footprint. In a statement, ALU said its dedicated civic space is also the only urban oasis at the northern corridor of Ayala...
The National Irrigation Administration (NIA) is opposing a bulk water supply project in Quezon Province that was awarded to the consortium led by businessman Dennis Uy’s Udenna Water Integrated, Inc. through a public-private partnership (PPP) scheme. In a position paper submitted to Tiaong...
The old La Loma Cemetery Chapel is a National Cultural Treasure, the highest designation given to a valuable cultural asset. As such, it has unique value and has been demmed possessing outstanding historical, cultural, artistic, and scientific value, which is highly significant and important to the...
