Del Monte Pacific Limited reported a 64 percent jump in net profit to $35.8 million in the second quarter ending in October of its fiscal year 2022, from $21.9 million in the same quarter last year. In a disclosure to the Philippine Stock Exchange, the firm said it continued to improve its gross...
Aboitiz Equity Ventures Inc. (AEV) and JERA Co. Inc. have finalized the Japanese firm’s acquisition of a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower), following the turnover of the $1.46 billion payment. This also comes after the fulfillment of several conditions, including a...
AllDay Supermarket, the fastest growing supermarket operator in the Philippines, continues to ramp up its expansion in Metro Manila with the opening of a new location in the Villar group’s Eastlake development in Sucat, Muntinlupa. In a disclosure to the Philippine Stock Exchange, AllDay said...
Known for high quality food production, which has kept it around for 28 years, Figaro Coffee Group is able to support large institutional client’s requirements PAINSTAKING PROCESS Shot of coffee beans being cooled in Probat Observing growing businesses from the outside, one might surmise that it...
A total of 51 agriculture groups – composed of farmers, fishers, and producers – have joined forces to sign a petition against the mega trade deal, Regional Comprehensive Economic Partnership (RCEP). The groups think the deal will result in further “import surges, price depressions, and...
The Gokongwei family’s investment in Shakey’s Pizza Asia Ventures Inc. is resulting in synergies between the Gokongwei’s retail business and the restaurant chain. In a disclosure to the Philippine Stock Exchange, Shakey’s announced plans to reopen Project Pie at Shopwise Hypermarket...
Fans of Korean entertainment content in the Philippines will rejoice with the launching of a revamped tvN channel to provide more and faster Korean dramas, variety programs and movies starting Dec. 15. To launch the revamped tvN Premium channel, CJ ENM HK with Wilbros Entertainment is partnering...
2GO employee getting his COVID-19 vaccine The Philippine’s largest transportation and logistics provider, 2GO Group, Inc., completed its COVID- 19 vaccination drive after inoculating 96 percent of its workforce. “As a company operating in an essential industry, transporting passengers and...
The Subscriber Identification Module (SIM) card registration law will boost e-commerce and financial technology (fintech) growth in the country, restricting criminal and fraudulent acts using mobile SIM cards. *media** "It will associate the mobile number with a subscriber, hurdling the...
Fruitas Holdings Inc. (FRUIT) reported that it posted strong sales in November 2021, marking its highest monthly sales level since quarantine restrictions were imposed due to the COVID-19 pandemic. In a disclosure to the Philippine Stock Exchange, the firm said it “anticipates the seasonal uptick...
The Maynilad Water Services Inc. issued an advisory on emergency water interruption in some parts of Las Pinas, Paranaque, and Pasay City on Dec. 13-14. The Maynilad Water Services Inc. advised customers in some portions of Las Pinas, Paranaque, and Pasay City that water service interruptions will...
Max’s Group Inc., the Philippines’ largest casual dining group, has recently named its former Group Chief Operating Officer and marketing veteran Ariel P. Fermin as its new president. Fermin takes over from Roberto F. Trota and will now be in charge of the overall commercial and operational...
