The Gokongwei Group’s Robinsons Retail Holdings Inc. posted a 29.5 percent drop in attributable net income due to foreign exchange losses and the impact of the merger of Robinsons Bank with the Bank of the Philippine Islands (BPI). In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Trends come and go but food is timeless. Often when we see trends in the food industry, they either become a permanent fixture or fade into obscurity once the trend dies down. In a special event entitled “Food Forward” at The Astbury in Makati City, San Miguel Foods culinary services manager...
Boutique housing developer Ovialand Inc. is waiting to see how the equities market receive upcoming giant initial public offerings (IPOs) by the SM and Razon groups before considering another bid for public listing. Ovialand President and CEO Pammy Olivares-Vital In an interview, Ovialand President...
The $1.8-billion acquisition of Coca-Cola Beverages Philippines Inc. (CCBPI) by Aboitiz Equity Ventures Inc. (AEV) and Coca-Cola Europacific Partners Plc (CCEP) takes a further step towards completion after getting the green light from the Philippine Competition Commission (PCC). In a disclosure to...
Prime Integrated Waste Solutions Inc. (PWS), a subsidiary of Razon-led Prime Infrastructure Capital, has advanced into operational phase the country’s first automated materials recovery facility (MRF) sited in Cebu that will be utilized for strategic waste management as well as storage, prior to...
Ayala Land Inc. and its real estate investment trust AREIT Inc., reported of having the largest EDGE (Excellence in Design for Greater Efficiencies) Zero Carbon certified office portfolio in the Philippines after eight of their buildings were certified. In a disclosure to the Philippine Stock...
Housing developer Ovialand Inc. has partnered with Tokyo-listed real estate firm Takara Leben to develop about five premier affordable home projects in Bulacan and CALABARZON starting with the P1.97 billion Savana South in Laguna. In a press briefing, Ovialand President and CEO Pammy Olivares-Vital...
BDO Unibank Inc., the financial services arm of the SM Group, has upsized its second ASEAN Sustainability Bond issue by more than 12 times to raise P63.3 billion, its largest single issuance so far, on the back of strong demand from retail and institutional investors. In a disclosure to the...
Filipino firm Upgrade Energy Philippines (UGEP) is casting an ambitious target of 700 megawatts for rooftop and ground-mounted solar installations across commercial and industrial (C&I) customers that it is targeting to accomplish by 2028. So far, the first major project delivered by the...
Real estate giant Ayala Land Inc. (ALI) has raised P5.63 billion from the sale of shares of real estate investment trust AREIT Inc. at P31.10 per share, lower than the P34 per share valuation of its upcoming share swap for P23 billion. In a disclosure to the Philippine Stock Exchange (PSE), ALI...
Consumers across Metro Manila can now drop off their empty PET bottles for recycling at over 2,200 sari-sari stores and carinderias. This initiative, the Tindahan Extra Mile (TEM): Balik PET Bottle Program of Coca-Cola Philippines and Basic Environmental Systems and Technologies, Inc. (BEST), not...
Real estate giant Ayala Land Inc. is doubling the capacity of its SEDA hotel brand while undertaking a two-year renovation of four of its biggest malls in a bid to further increase foot traffic by making them provide a better shopping and dining experience to customers. ALI Senior Vice President...
