AREIT, Inc. (AREIT), a subsidiary of Ayala Land, Inc. (ALI), reaped multiple international awards and citations in 2020 as the first Real Estate Investment Trust (REIT) to list in the Philippine Stock Exchange (PSE) last year. The landmark debut saw AREIT successfully complete its initial public...
President Rodrigo Duterte has ordered to retain the 5 percent tariff on mechanically deboned meat (MDM), a decision in favor of the local meat processors to the dismay of local raisers. President Duterte issued Executive Order (EO) 123 to keep the tariff on MDM low at 5 percent, instead of...
Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’...
Alsons Consolidated Resources, Inc. (ACR) is planning to raise P2 billion from the issuance of commercial papers (CPs) as the first tranche of its new commercial paper program of up to P3.0 billion. In relation to this, Philippine Rating Services Corporation (PhilRatings) said it has assigned...
Shared services provider Asticom Technology, Inc., wholly owned by Globe Telecom Inc., is launching its first subsidiary, Asti Business Services, Inc. (ABSI) in a bid to climb on top of the P11.250 billion Information Technology-Business Support Office (IT-BSO) market and be a regional player...
Despite the pandemic, VisMin developer Cebu Landmasters, Inc. (CLI) is ramping up project launches this year after posting record reservation sales in 2020. In a disclosure to the Philippine Stock Exchange, CLI said it intends to push its growth momentum in 2021 with a supply pipeline of 8,000...
Larong Volleyball sa Pilipinas Inc. (LVPI) president Joey Romasanta is writing to the International Volleyball Federation (FIVB) to seek clarification on the status of their association. The move came after the FIVB, in a letter signed by General Director Fabio Azevedo , requested the Philippine...
Business tycoon Manuel B. Villar has emerged as the only Filipino listed in Bloomberg Billionaire Index, a daily ranking of the world’s top 500 richest people, amid the economic turmoil caused by the pandemic. Business tycoon Manuel B. Villar (FACEBOOK / FILE PHOTO / MANILA BULLETIN) Based on the...
Converge ICT Solutions, Inc. (CNVRG), the country’s biggest end-to-end fiber internet provider, makes its fiber network redundant and boosts its service by deploying a third core backbone node as part of its P30 billion capex. "We are all about customers’ online experience. This how we...
Filipino-owned Century Pacific Food Inc., the Philippines largest canned food manufacturer and leading producer in ASEAN, is looking at P50 billion in revenues this year with conservative growth target of 10 percent, lower than the expected phenomenal 20 percent growth in 2020. Company COO and EVP...
Despite the persistence of COVID-19 pandemic, which has been causing an increase in water consumption, government authorities and utility firms are confident that there will be no water crisis in the coming months, especially in summer. “We can assure of sufficient water supply for summer this...
The year 2020 and what it had in store surprised us all— it changed our lifestyle in ways we never anticipated. With the implementation of strict lockdowns in different parts of the world, the Philippines included, to combat the threat of Covid-19 pandemic, this caused domino effects not just in...
