North Star Meat Merchants Inc., one of the largest pork and beef vendors in the country, is planning to raise up to P4.5 billion from an initial public offering of both new and secondary shares. In a statement, the firm said it has filed with the Securities and Exchange Commission (SEC) its...
AllDay Marts Inc., owner of AllDay Supermarkets—the fastest growing supermarket operator in the Philippines, reported a banner year with unaudited net income surging 80 percent to P394.9 million last year. In a disclosure to the Philippine Stock Exchange, the firm said sales for the chain...
LT Group, Inc. (LTG), the holding company of tycoon Lucio Tan, posted an unaudited net income of P20.25 billion last year, 3.7 percent lower than the P21.02 billion reported in 2020. In a disclosure to the Philippine Stock Exchange, the firm said its tobacco business accounted for P17.43 billion or...
Metropolitan Waterworks and Sewerage System (MWSS) and Manila Water Company, Inc. (MWC) have signed a Fifth Amendment to the Revised Concession Agreement (RCA) covering the operation of the waterworks and sewerage services in the Service Area East. In a disclosure to the Philippine Stock Exchange,...
The Philippine Stock Exchange (PSE) has approved the P1.38 billion initial public offering (IPO) stock brokerage CTS Global Equity Group, Inc. which will list on the bourse’s Small, Medium, and Emerging Board. In a statement, the PSE said CTS Global will conduct its offering from March 29 to...
PLDT led the groundbreaking of its 11th and largest VITRO hyperscale data center facility, to expand its network of world-class data centers. Present during the ceremonies held in Sta. Rosa, Laguna were, from left: RED Engineering's Martin Webb, DICT Regional Director Cheryl Ortega, Meralco...
South Korea’s T1, one of the pioneering e-sports organizations in the world, tapped Smart Communications, Inc. to provide facilities for its Philippine expansion. To develop the esports industry in the country, Smart will house the Defense of the Ancients (DotA) 2 Team of T1 and power its...
Asian Terminals Inc. (ATI) allocated over P5 billion in capital expenditures this year to upgrade its major port gateways in Manila, Batangas and Laguna as well for acquisition of more modern and eco-friendly equipment, the company disclosed on Thursday, March 17. Part of ATI's investment will...
Asian Terminals Inc. (ATI) allocated over P5 billion in capital expenditures this year to upgrade its major port gateways in Manila, Batangas and Laguna as well for acquisition of more modern and eco-friendly equipment, the company disclosed on Thursday, March 17. Part of ATI's investment will...
Integrated Micro-Electronics Inc. (IMI), the manufacturing arm of the Ayala group of companies, reported a halt in the operation of its facilities in Shenzhen, China. In a disclosure to the Philippine Stock Exchange, IMI said it’s Shenzen facilities contribute approximately 10 percent of the...
