Emperador Inc., the largest global brandy company that owns the Emperador and Fundador brands, is increasing its capital expenditure budget by 50 percent to P1.5 billion to further expand its global footprint. “Last year, at the height of the pandemic, we held back on our capital expenditure so...
Filinvest Land, Inc. (FLI) reported a 45 percent fall in attributable net income to P736 million in the first quarter of 2021 from P1.35 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its first quarter performance resulted in gross revenues...
Century Properties Group Inc. reported a 29 percent drop in net income to P205 million for the first quarter of 2021 from P290 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said earnings were supported by the continued strong performance of its...
The Ayala group of companies has turned over to Marinduque the province’s first and only molecular lab which is expected to drastically cut down the waiting period for COVID-19 testing. It usually to take 7 to 14 days to wait for COVID-19 test results since these have to be done through...
AREIT Inc. (AREIT), Ayala Land’s pioneering Real Estate Investment Trust (REIT) in the Philippines, posted a 60 percent jump in net income to P403 million for the first quarter of 2021 compared to the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said growth...
Megaworld subsidiary Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates, reported a 21 percent improvement in attributable net income to P300 million in the first quarter of 2021. In a disclosure to the Philippine Stock Exchange,...
The country’s food producers – farmers, fishermen, and livestock raisers – are now facing the worst crisis in years. This was declared by United Broiler Raisers’ Association (UBRA) President Bong Inciong during the Farmers and Fisherfolks Congress on Friday. According to Inciong, the...
Six Philippine companies, led by the Sy family’s SM Investments Corporation and BDO Unibank, made it to Forbes Magazine’s 19th annual Global 2000 list. The list is an international ranking of the world's biggest, most-powerful and most-valuable companies based on an analysis of four metrics:...
Now that the budget for 2022 is being prepared, President Rodrigo Duterte was asked by the private sector to issue an Executive Order (EO) to mandate local government units (LGUs) to allot a higher budget for their respective agricultural development. This request came up in anticipation of LGUs...
The Villar Group has successfully conducted the first session of its webinar series that aims to educate its workforce about the COVID-19 vaccines, and promote vaccination among its employees and their families. The webinar is part of Villar Group’s vaccination initiative, VHealthy, which...
Cebu-based Metro Retail Stores Group, Inc. (MRSGI) suffered a net loss of P126.47 million in the first quarter of 2021 from the P7.98 million profit earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said lowered customer traffic due to quarantine...
Maynilad Water Services, Inc. (Maynilad), the government water concessionaire for the West Zone, said it will cost them P29 billion to build several sewage treatment plants (STP) across the metropolis. In a statement, Maynilad said that it is now simultaneously building several STPs in Caloocan,...
