Ayala-led Globe Telecom Inc. is optimistic about achieving its growth target of low to mid-single digits for the full year of 2024, due to strong performance over the past nine months. Globe's Chief Finance Officer, Carlo Puno, stated during an online news briefing on Monday, Nov. 11, “the growth...
E-wallet operator GCash has fully restored funds that were inadvertently debited from some users due to an error in its system reconciliation process over the weekend. Ernest Cu, president and chief executive officer of GCash’s parent company, Globe Telecom Inc., told reporters during an...
While still ironing out some kinks, Maynilad Water Services Inc. is committed to launching its initial public offering (IPO), estimated at $1 billion, within 2025, and will file its application with regulators by the first quarter. “Yes, we are poised to list next year. Our target is to be...
Real estate developer Sta. Lucia Land Inc. is raising P7.5 billion in the form of loans from four banks while planning to enter into six joint ventures for the development of property amounting to almost 100 hectares. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its board...
Filinvest Land Inc. (FLI), a property development arm of the Gotianun Group, is ramping up its expansion in the Visayas with the launch of new residential projects within its townships in Iloilo and Dumaguete. The firm disclosed to the Philippine Stock Exchange (PSE) that it is launching the P1.8...
Ayala-led Globe Telecom Inc. reported a six percent increase in net income for the first nine months of the year to P20.6 billion from P19.4 billion in the same period last year, driven by higher earnings before interest, tax, depreciation, and amortization (EBITDA). In a regulatory filing, Globe...
Homegrown instant payment systems provider Higala Group Inc. has partnered with Yuchengco-led Rizal Commercial Banking Corp. (RCBC) to roll out the SynerFi platform for small lenders’ digital transactions in the countryside. SynerFi’s open-payments infrastructure grants customers of rural banks...
SM Prime Holdings Inc., the property arm of the SM Group, has achieved LEED Gold certification for seven of its properties as of 2024. In a statement, the firm said it continues to pursue green certification for its other properties to address climate change and enhance disaster resilience. The...
Consunji-led diversified engineering conglomerate DMCI Holdings reported a three percent improvement in net income to P4 billion for the third quarter of 2024, from P3.9 billion in the previous year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the increase was driven by...
Century Pacific Food Inc. (CNPF), one of the leading food companies in the Philippines, is seeking to strengthen its presence in the vast Chinese market by appointing a new distributor, Shanghai Ikai International Trading Co. In a disclosure to the Philippine Stock Exchange (PSE), CNPF stated that...
Sy-led BDO Unibank Inc., the country’s largest bank, is expanding its footprint in Metro Manila with a recruitment drive for experienced branch officers. BDO is seeking individuals with a minimum of five years of experience in branch banking operations. Ideal candidates are passionate about...
Megaworld Corporation, the country’s pioneer builder of townships, reported a 16 percent growth in net income for the first nine months of 2024 to P15.69 billion, from P13.5 billion in the same period last year, as all its key businesses improved. In a disclosure to the Philippine Stock Exchange...
