Metropolitan Waterworks and Sewerage System (MWSS) said the new concession agreement (CA) between the Philippine government and Manila Water Company, Inc will be beneficial to all — the government, the public, and the Ayala-led east zone concessionaire. Speaking for the first time since...
The Department of Public Works and Highways (DPWH) now allows telcos to occupy a portion of the government's Right of Way (ROW) to hasten rollouts and network infra maintenance in the next three years. PLDT Inc. and Smart Communications, Inc. (Smart) Tuesday (April 6) welcomed DPWH's newly issued...
Shakey’s Pizza Asia Ventures Inc. reported a P247 million net loss for 2020 a 129 percent drop and reversal from profits of P865 million earned in 2019. In a disclosure to the Philippine Stock Exchange, Shakey’s President Vicente Gregorio said “2020 was obviously a one-of-a kind year amidst...
The Villar Group announced that it is set to vaccinate its employees, workers, and their families nationwide as it continues to be proactive in its fight against COVID-19. Aside from Oxford-Astra Zeneca vaccine it ordered earlier, the Group said it has ordered vaccines from Moderna for...
JG Summit Holdings, Inc., the highly-diversified flagship of the Gokongwei group, reported a 98 percent fall in core net income to P450 million last year mainly due to the losses of its airline and petrochemicals businesses during the pandemic. In a disclosure to the Philippine Stock Exchange, the...
The Indian government has extended $50,000 worth of assistance to the Philippines' corn sector and has even initiated a bilateral exchange on agricultural technology with the Philippine government. Photo by Gaspar Uhas on Unsplash During the general membership meeting of the Philippine...
Filinvest Land, Inc. (FLI) reported a 41 percent drop in attributable net income to P3.73 billion last year from the P6.28 billion earned in 2019 due to the impact of the pandemic lockdown on its malls and residential businesses. In a disclosure to the Philippine Stock Exchange, FLI said gross...
A Board Member of Sugar Regulatory Administration (SRA) backed the call of some local industry players to scrap the export allocation of the country’s sugar production for the current crop year to the United States. This, as groups like Confederation of Sugar Producers Associations, Inc. (CONFED)...
GT Capital Holdings, Inc., the flagship of the Ty family, reported a 53 percent drop in core net income to P7.4 billion last year from the P15.8 billion earned in 2019. In a disclosure to the Philippine Stock Exchange, the firm said consolidated net income reached P6.5 billion last year, 68...
AgriNurture, Inc. (ANI), the listed firm of agri-entrepreneur Antonio Tiu, has received a Medium Green certification from international research and rating agency Cicero Shades of Green for its planned 75 million Euro Green Bond float in the EU. In disclosure to the Philippine Stock Exchange, the...
The government has ordered Maynilad Water Services, Inc. and Manila Water Company, Inc. to suspend all service disconnection activities this week in Metro Manila and nearby areas. This is in light of the government declaration of an Enhanced Community Quarantine (ECQ) in the NCR Plus bubble,...
The Philippine stock market is seen to weaken further this short trading week as COVD-19 cases continue to surge, sparking talks of the imposition of even more stringent lockdown measures—the government’s main tool in trying to keep infections down. “The local market may decline next week as...
