Max’s Group, Inc. (MGI), the Philippines’ largest casual dining restaurant group, reported a net income of P392 million for the first half of 2021, a turnaround from its P603 million first-half loss last year. In a disclosure to the Philippine Stock Exchange, the firm said net income amounted...
Photo from Pexels.com Medilines Distributors Incorporated, a leading distributor of medical equipment in the Philippines, is planning to expand its presence as well as its product portfolio to help boost the country’s access to quality medical devices amid the ongoing pandemic. The COVID-19...
Although the pandemic is still wreaking havoc in the aviation sector, flag carrier Philippine Airlines (PAL)'s parent firm PAL Holdings Inc. managed to cut its losses by 20 percent to P16.56 billion in the first six months of the year, from P20.75 billion in the first half of 2020. Gross revenues...
Manila Water Company, Inc.'s Clark Water Corporation (Clark Water) has undertaken the relocation of its water supply and wastewater assets that will be affected by the construction of the Malolos-Clark Railway, which is part of the government's North-South Commuter Railway (NSCR) Project. In a...
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...
