The Sy family-controlled SM Prime Holdings, Inc., one of the leading integrated property developers in Southeast Asia, is planning to raise up to P25 billion from the first tranche of its P100 billion bonds to be shelf-registered with the Securities and Exchange Commission. In a disclosure to the...
The Po family-controlled Century Pacific Food, Inc. (CNPF), one of the leading food companies in the Philippines, is investing $40 million (P2.22 billion) to increase coconut water production capacity after bagging a fresh contract from The Vita Coco Company Inc. In a disclosure to the Philippine...
Show producer Television and Production Exponents Inc. (TAPE) will continue to pursue the cases about the “Eat Bulaga” trademark and copyright issues despite the end of its noontime program “Tahanang Pinakamasaya.” TAPE has a pending petition with the Court of Appeals (CA) and appeal...
Senator Sherwin Gatchalian called on the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) to conduct an independent investigation on the validity of a joint venture company operating in Negros Island. Gatchalian, vice chairman of the Senate Committee on Energy, was...
The newly opened Wolfgang’s Steakhouse Grill at Boracay Newcoast. (All images courtesy of Wolfgang’s Steakhouse PH) Aside from its world-renowned pristine white beaches, exciting adventure activities, and invigorating festivals and parties, Boracay now offers another reason to visit its...
San Miguel Food and Beverage Inc. (SMFB), a unit of diversified conglomerate San Miguel Corporation, reported a 10 percent growth in net income to P38.1 billion, the highest net income figure achieved by the Group since SMFB's consolidation in 2018. In a disclosure to the Philippine Stock Exchange,...
Amid the power outages in Negros Occidental, the Central Negros Electric Cooperative’s problems (CENECO) can be addressed once the new power corporation takes over. Sen. Grace Poe presides over the Committee on Public Services hearing to discuss several measures seeking to provide accessible,...
Construction jobs are generated from new urban developments (Photo courtesy to Anamul Rezwan) Cities worldwide, while diverse in demographics and culture, share a common pursuit of progress through new urban developments. These projects not only enhance convenience amid urban congestion but also...
DMCI 2023 earnings dip from near-record 2022 profit By James A. Loyola Diversified engineering conglomerate DMCI Holdings, Inc. reported a 20 percent decline in consolidated net income to P24.9 billion last year from the near-record P31.1 billion it earned in 2022. “We saw sharp corrections in...
The Aboitiz Group’s investment arm Aboitiz Equity Ventures Inc. (AEV) reported a two percent dip in consolidated net income to P23.5 billion last year from the P24 billion earned in 2022 due to one-time gains. In a disclosure to the Philippine Stock Exchange (PSE), AEV said that, excluding...
AbaCore Capital Holdings Inc. boasted that a Singapore-based, long-term-oriented investment fund with a focus on businesses based in Emerging Asia is increasing its investment in the company but declined to name the investor. In a statement, AbaCore said the unnamed investment fund purchased an...
STI Holdings, owner of the largest network of private schools in the Philippines, said it has decided to acquire the Philippine School of Business Administration (PSBA) in both Quezon City and Manila as a strategic move aimed at bolstering business and entrepreneurship education in the country....
