Robinsons Land Corporation (RLC), the property development arm of the Gokongwei group, is planning a P26.67 billion initial public offering for its real estate investment trust (REIT) RL Commercial REIT Inc. RLC REIT has just filed with the Securities and Exchange Commission a registration...
Fruitas Holdings, Inc. is ramping up its foray into the bakery business by acquiring certain assets of Balai Pandesal Corporation and converting its branches into multi-product stores. In a disclosure to the Philippine Stock Exchange, Fruitas said Balai Pandesal sells a wide range of bread products...
Ginebra San Miguel Inc. (GSMI) reported a 120 percent surge in net income to P1.04 billion in the first three months of 2021 from the P474 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the spirits business of San Miguel Food and Beverage Inc. (SMFB)...
All existing telco laws must be integrated into one to avoid conflicting provisions when legislators pass the Open Access in Data Transmission Bill. “Organizing outdated laws on telecommunications in one comprehensive law will prevent conflicting provisions,” stressed Atty. Ariel Tubayan, Globe...
Over the past week, PLDT Inc. and Smart Communications Inc. blocked over 5,800 links with child sex abuse materials on the more difficult content-level. This was on top of at least 3,000 domains they have cut access to in their battle against online sexual abuse and exploitation of children...
PHINMA Education Holdings, Inc. (PEHI), the education services subsidiary of PHINMA Corporation, has acquired Union College of Laguna (UCL) -- joining its roster as its ninth school in the Philippines. Union College of Laguna In a statement, PHINMA said UCL is the second in its Laguna network after...
Coca-Cola Beverages Philippines, Inc. (CCBPI), the bottling arm of Coca-Cola in the country, has ramped up installation of solar panels in its manufacturing sites. Coca-Cola Bacolod Plant - Completed in February 2021, the installation of close to 3,000 solar panels at Coca-Cola's Bacolod...
Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers and the largest homebuilder, is allotting P27 billion for capital expenditures as it grows optimistic due to higher reservation sales. In a disclosure to the Philippine Stock Exchange, the firm said...
Ayala Land Inc. has recycled 28 metric tons of plastic waste, the equivalent of 2.8 million plastic water bottles filling up 73 basketball courts,into useful eco-products last year as part of its “circular waste management” initiative. In a statement, ALI said the plastic waste,...
President Duterte is optimistic about the country's long-term growth despite the pandemic due to the Filipino nation's resilience, creativity, and other competitive advantages. President Rodrigo Duterte delivers a public address on May 17, 2021 (Malacañang) The President said the country was...
The government is committed to working towards "inclusive and sustainable recovery," particularly by helping the country's marginalized and vulnerable population, as the pandemic continues to deal heavy blows on the country. People patiently wait for their turn to get a coronavirus jab at the...
The recent signing by the government of renegotiated concession supply agreements with Manila Water Company and Maynilad Water Services Inc. in April and May, respectively, represent significant strides toward the attainment of water adequacy in their franchise areas in Metro Manila, Rizal and...
