Energy Secretary Alfonso G. Cusi defended the seemingly ‘negligible’ $50 million capital requirement for foreign firms entering the Philippine geothermal sector saying the figure was the scale determined by the government for prospective investment areas on offer....
LT Group, Inc. reported a 9.0 percent growth in attributable net income for the first nine months of 2020 to P16.10 billion from the P14.72 billion reported for the same period last year. In a disclosure to the Philippine Stock Exchange, Philippine National Bank (PNB) contributed P2.24...
Water service interruptions within some parts of Metro Manila may last until Sunday after the turbidity level of raw water in Ipo Dam rose due to Typhoon Ulysses. In a text message, Jennifer Rufo, head for stakeholders communications office of Maynilad Water Services Inc., said as per the estimate...
Alliance Global Group, Inc. (AGI), the holding company of tycoon Andrew Tan, reported a 55 percent drop in attributable net income to P5.8 billion in the first nine months of 2020 from P12.8-billion in the same period last year. In a disclosure to the Philippine Stock Exchange the firm said...
The Makati Medical Center (MMC), the country’s leading healthcare and medical provider, said it will maintain its close to P1 billion expansion program for 2021 they had set even before the pandemic as they move to add more facilities, equipment, and bring its services offsite to serve more...
Philippines, meet Trunc! A first not only in the country, but also on a global scale While everyone has been exploring a more experiential and personal e-commerce enterprise, not much has succeeded in bringing the life of a physical store, and the many attributes intimate to on-site shopping, to...
Diversified conglomerate San Miguel Corporation (SMC) posted a net income of P15 billion for the third quarter of 2020, a full turnaround from the P4.0 billion loss incurred in the first half following the easing of restrictions starting July. Consolidated revenues and operating...
Filinvest Land Inc. reported that the Issue Credit Rating of subsdiary Cyberzone Properties, Inc.’s (CPI) P6 billion outstanding bonds was maintained at the highest PRS Aaa, with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings). In a disclosure to the...
Robinsons Retail Holdings, Inc. reported a 13.9 percent drop in attributable net income to P2.4 billion in the first nine months of 2020 due to the impact of quarantine restrictions imposed to stem the spread of COVID-19. In a disclosure to the Philippine Stock Exchange, RRHI noted though...
Cemex Holdings Philippines Inc. reported a drop in net income to P758.1 million for the first nine months of 2020 from P874.7 million in the same period last year, due to the negative impact of the COVID-19 pandemic on operating earnings. In a disclosure to the Philippine Stock Exchange,...
The University of the Philippines Men’s Basketball Team (UPMBT) got another shot-in-the-arm after renewing its partnership with staunch backer Januarius Holdings, Inc. and its subsidiary STATS Performance Apparel for the next two UAAP seasons. The company’s support has been instrumental in the...
The P30-billion Cebu-Cordova Link Expressway (CCLEX) is now 61 percent complete in the midst of the Covid-19 pandemic. CCLEX links mainland Cebu from Cebu City to the Municipality of Cordova in Mactan Island. The overall engineering, procurement and construction (EPC) progress of the project...
