West zone concessionaire Maynilad Water Services, Inc. invested nearly ₱26 billion in capital expenditure (capex) last year to improve water and wastewater services in its service area. In a statement on Tuesday, March 11, Maynilad reported spending ₱25.75 billion on capex projects...
ILOILO CITY—A major business group has reiterated its stand against the proposed bridge project that would link world-famous Boracay Island to mainland Malay town in Aklan province. PEOPLE disembark from a boat at an alternative port in Boracay Island. Tourists and residents going to this...
Ayala Land Hospitality, the rebranded hotels and resorts unit of real estate giant Ayala Land Inc., is set to double its portfolio, investing $500 million in expansion and renovation projects through 2030. Ayala Land Senior Vice President for Leasing and Hospitality Mariana Zobel de Ayala In a...
Po family-led restaurant group Shakey’s Pizza Ventures Inc. (SPAVI) aims to continue expanding, particularly outside of Luzon, even as the industry is still in the process of recovering from the impact of the pandemic on consumer preferences. According to SPAVI President Vicente Gregorio, they...
Integrated Micro-Electronics Inc. (IMI), the Ayala Group’s global electronics manufacturing unit, reported a much lower net loss of $36.5 million last year from the $109.2 million loss incurred in 2023 after implementing cost reduction measures. In a disclosure to the Philippine Stock Exchange,...
Due to one-time losses, Aboitiz Equity Ventures Inc. (AEV), the investment holding company controlled by the Aboitiz family, reported a 23 percent drop in consolidated net income to ₱18.1 billion in 2024 from ₱23.5 billion in 2023. In a disclosure to the Philippine Stock Exchange, the firm said...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Ecomamoni Environmental Recyclable Materials Manufacturing Inc. for soliciting investments from the public without the necessary license from the Commission. In an order, the SEC’s enforcement and investor...
Technology and gaming firm DFNN Inc. is aiming to double the current number of lottery sales agents of Philippine Charity Sweepstakes Office (PCSO) in just one year by selling 6,000 hand-held betting devices. In an interview, DFNN Executive Chairman Ramon C. Garcia Jr. said their LottoMatik...
Sharon Musngi-Ngo, 2GO Sea Solutions Business Unit Head With images of towering cargo ships, massive warehouses, and the complex work of supply chains, the logistics industry has long been perceived as a male-dominated field. However, this narrative is shifting with the progressive mindset of...
Emerging Power Inc. (EPI), the renewable energy (RE) arm of Nickel Asia Corp. (NAC), has secured a loan from Rizal Commercial Banking Corp. (RCBC) to fund its solar project in Zambales. In a statement on Friday, March 7, EPI announced that it secured a ₱5.175-billion finance senior term...
Department of Labor and Employment (DOLE) Undersecretary for Employment and Human Resource Development Cluster Carmela I. Torres (center) leads the awarding of a P1-million training fund to Pacific Farms, Inc. on February 28, 2025. The initiative, under the DOLE Adjustment Measures Program (AMP),...
Amid declining casino revenues, Razon-led Bloomberry Resort Corp., owner and operator of the two Solaire and the Jeju Sun integrated resorts, is rolling its dice in the online gaming table. Sharing its online gaming plan with stock analysts, Bloomberry said it will fully launch its online gaming...
