PLDT Inc. expects another breakout year for its Enterprise business as the economy opens up following the COVID-19 pandemic. 77489 “We anticipate Enterprise revenues would grow on the back of the gradual reopening of businesses and opportunities to serve the needs of global hyperscalers with our...
Global-Estate Resorts, Inc. (GERI), the tourism estates unit of Megaworld Corporation, reported a 15 percent growth in net income to P1.5 billion last year from the P1.3 billion earned in 2020. In a disclosure to the Philippine Stock Exchange, the firm said its attributable net income rose 21...
VistaREIT (VREIT), the real estate investment trust of Vista Land and Lifescapes (VLL), is expecting its earnings to grow with the potential infusion of more of the Villar Group’s high-income generating assets. In a statement, VLL said VREIT is anchoring its solid expansion program on the robust,...
PLDT Inc. has activated its fiber optic cable (FOC) connecting the island provinces of Marinduque, Romblon, Catanduanes, Masbate, Panay, Cebu, Siquijor, Bohol, Samar and Negros to the rest of the country and the world, the telco announced April 9. PLDT's Enhanced Resiliency of DFON Loops 4 and 5...
The local stock market bounced from the previous day’s steep drop as investors picked up bargains. The main index jumped 91.99 points or 1.33 percent to close at 7,018.02 as the Services sector led the rally across the board. However, volume dropped to 660 million shares worth P4.02 billion as...
Shakey’s Pizza Asia Ventures, Inc. reported a net income of P121 million last year from the net loss of P254 million in 2020 as the economy started to reopen late in 2021. In a disclosure to the Philippine Stock Exchange, the firm said systemwide sales improved 6 percent to P7.01 billion last...
PAL Holdings Inc., the parent company of flag carrier Philippine Airlines reported total comprehensive income of P56.49 billion last year, a significant turnaround the total comprehensive loss of P73.00 billion in 2020. In a disclosure to the Philippine Stock Exchange, the firm said consolidated...
VisMin developer Cebu Landmasters, Inc. (CLI) reported a 42 percent growth in attributable net income to a record P2.61 billion last year from the P1.85 billion earned in 2020. In a disclosure to the Philippine Stock Exchange, the firm said that its 2021 results has surpassed its 2019 pre-pandemic...
Farming, they say, is a huge gamble. With farmers saddled with debt even before they till the soil, they can only hope to literally reap everything they’ve sown. Crop damage is not an option. But this is exactly what befell 40-year-old vegetable grower Celeste Naguiat of Floridablanca, Pampanga....
The Filinvest-ENGIE Renewable Energy Enterprise, Inc. (FREE) has signed a memorandum of understanding with Filinvest Land, Inc. (FLI) to explore opportunities in installing renewable energy generation facilities in Filinvest Innovation Parks at New Clark City and Ciudad de Calamba. FREE is a joint...
Century Pacific Food, Inc., one of the Philippines’ leading branded food and beverage companies, reported a 20 percent growth in unaudited net income to P4.7 billion last year on the back of a robust topline performance and favorable income tax rates. In a disclosure to the Philippine Stock...
76541 The Anti-Red Tape Authority (ARTA) once again ruled in favor of automatic approval for NOW Telecom Company, Inc. (NOWTEL)'s cellular mobile service license and frequencies. The National Telecommunications Commission (NTC) granted NOWTEL with a Cellular Mobile Telephony System (CMTS)...
