Listed firm Phoenix Petroleum Philippines Inc. further expanded its market share to 8.3 percent in the first half this year from a leaner 7.1 percent last year, securing its stature as the third biggest player in the deregulated downstream oil industry in the country. Phoenix Petroleum Logo Citing...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) improved its capacity to draw water from the rivers within the province of Cavite and nearby areas, with the completion of the installation of its P68.6-million Julian Modular Treatment Plant (MTP). The Julian MTP is one of the four...
International Container Terminal Services, Inc. (ICTSI) was recognized as the Philippines' best transport company by financial magazine Asiamoney. ICTSI named Philippines’ best transport company by Asiamoney_900x600 ICTSI, the country's largest port operator was the most outstanding company under...
Emperador Inc., the liquor business of tycoon Andrew Tan, is aiming to double the sales of its branded single malt whisky by 2025 as it banks on market premiumization and the growing demand for high-priced scotch in China. In an investors’ briefing, Emperador said that its single malt sales...
Gotianun-led Filinvest Land, Inc. is planning to raise up to P10 billion through the sale of peso denominated retail bonds, the second tranche of the company's P30 billion shelf-registered bonds. In a disclosure to the Philippine Stock Exchange on Thursday, Sept. 23, FLI said its Board of Directors...
The Department of Agriculture (DA) said the “root cause” of its billions of unobligated funds last year was the COVID-19 pandemic, following the request of the private sector for the Agriculture Secretary William Dar to explain the findings of Commission on Audit (COA) on the agency’s...
The pandemic has significantly slowed down the domestic e-vehicle (EVs) industry in 2020, with EV registration dropping 35 percent versus pre-pandemic level, according to the Electric Vehicle Association of the Philippines (EVAP). eVAP logo At the virtual 9 th Philippine Electric Vehicle Summit...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has already covered 626 hectares of denuded forest lands and coastal areas with trees and mangroves since 2007. As of August, the company reported it has planted more than 692,000 indigenous trees over 585 hectares of the Ipo and La...
Abaca exporter Newtech Pulp Inc. will buy abaca fiber from three forest communities in Lake Lanao in the linking efforts led by the Department of Environment and Natural Resources (DENR). Abaca plantation in Lake Lanao watershed The people's organizations are Sunrise Producer Association, Wato...
Robinsons Retail Holdings, Inc. (RRHI) now has 870 drugstores with the opening of Rose Pharmacy’s newest store in Lapu-Lapu City, Cebu. Combined with Southstar Drug, Rose Pharmacy is part of RRHI's aggressive pipeline to expand its drugstore business across the Philippines. Formal Opening of Rose...
PMFTC Inc., the local affiliate of Philip Morris International (PMI), remained the country’s largest cigarette manufacturer in terms of sin tax contributions to government revenue, data from the Department of Finance (DOF) showed. PMFTC Based on the DOF’s analysis, the company behind the...
AREIT is 1st PHL REIT in FTSE By JAMES A. LOYOLA AREIT Inc. (AREIT), the pioneer REIT in the Philippines, is now also a constituent of the FTSE EPRA Nareit Asia ex Japan REITs 10 percent Capped Index—the first Philippine real estate investment trust to be included. In a disclosure to the...
