Integrated Micro-Electronics Inc. (IMI), the Ayala Group’s electronics manufacturing unit, reported that its net loss ballooned almost five-fold to $9.2 million in the first nine months of 2024 from $1.6 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE),...
Watsons Philippines aims to achieve its goal of opening 80 more stores in the country this year as the brand celebrated the opening of its 8,000th store worldwide. During a media discussion on Monday, Nov. 4, Watsons announced that its 8,000th store (worldwide) has opened in SM Mall of Asia in...
Globe Telecom Inc. announced the deployment of 32T32R Massive MIMO technology across 200 dense urban areas in the country in a move to bolster network capacity and accelerate 5G expansion. In a statement, Globe said the solution, developed in partnership with Nokia, seeks to enhance LTE capacity...
The Sy family’s SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, is increasing its capital expenditures to P100 billion to P110 billion next year as it continues to expand its core businesses. “Actually, our forecast (capex) for this year is P100 billion but I...
Sy-led SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, is expecting to register record profits this year even as it takes its time to decide when to launch its $1 billion real estate investment trust (REIT) initial public offering. In an interview, SM Prime...
The renewable energy arm of the Manila Electric Company (Meralco) said that its TerraSolar project, a joint venture with Terra Solar Philippines, Inc., is moving ahead faster than expected. In a briefing, Emmanuel Rubio, Meralco PowerGen Corporation (MGen) president and chief executive...
Manila Bulletin has been a staunch advocate of sustainability since the first MB Sustainability Forum in 2022. The forum promotes conversations about sustainability and serves as a platform to raise awareness about it. Last year, the two-day event called for urgency in addressing...
Benguet Corporation, a mining firm controlled by the Romualdez family, reported that the Red Earth Mineral Resources Corporation is infusing P440 million into the company through a subscription of new shares. In a disclosure to the Philippine Stock Exchange, Benguet said its Board of Directors had...
STI Education Systems Holdings, Inc., owner of the largest network of private schools in the Philippines, reported an 84 percent jump in net income to P1.6 billion for the fiscal year ended June 30, 2024, from the P873.8 million earned in the previous year. In its disclosure to the Philippine Stock...
Suzuki Philippines captivated audiences at the 9th Philippine International Motor Show (PIMS). During the opening day, Suzuki revealed their electric concept car, the eVX, alongside the Jimny 3-Door and 5-Door Rhino Editions, further demonstrating Suzuki’s commitment to innovative and...
Cebu Air Inc., operating under the Cebu Pacific brand, has increased its stake in 1Aviation Groundhandling Services Corporation (1AV) to a controlling 60 percent through a debt-to-equity conversion. In a disclosure to the Philippine Stock Exchange, the airline said it has signed a Deed of...
Ayala-led Globe Telecom Inc. was able to raise P3.7 billion from the successful sale of 307 cellular towers to Unity Digital Infrastructure. In a regulatory filing on Tuesday, Oct. 29, Globe said it officially divested 25 more towers to Unity for a total of P300 million, marking their fourth...
