President Duterte is expected to highlight his views on efforts to combat the coronavirus pandemic and how to attain recovery when he speaks before a virtual international conference on Friday. President Rodrigo Duterte (File photo/Malacañang) The President is scheduled to deliver an address on...
Alliance Global Group, Inc. (AGI) registered a 20 percent drop in net profit to P3.2 billion in the first quarter of 2021 from the P4 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its profits declined as the global pandemic continues to...
More than a month since the new concession agreement (CA) of Metropolitan Waterworks and Sewerage System (MWSS) and Manila Water Company Inc. was finalized and released, the CA between the government agency and Maynilad Water Services Inc. is also finally out now. By signing the CA, Maynilad will...
Japanese firm Mitsubishi Power (Philippines) Inc. has bagged a three-year contract for ‘reliability maintenance work’ aimed at improving the capacity availability at the 300-megawatt Therma South Inc. power plant of Aboitiz Power Corporation. The long term service agreement (LTSA), according to...
DMCI Holdings Inc., the diversified conglomerate controlled by the Consunjis, expects a strong recovery this year due although a return to its pre-pandemic performance is not seen until 2023. “We believe that our Company can stage a recovery this year on the back of higher construction...
GT Capital Holdings, Inc., the investment arm of the Ty family, reported a 60 percent jump in consolidated net income to P4.1 billion in the first quarter of 2021 from the P2.5 billion it earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the conglomerate...
VisMin developer Cebu Landmasters Inc. reported a 25 percent year-on-year growth in attributable net income to P714 million in the first quarter of 2021 while consolidated net income improved 12 percent to P725.2 million. In a disclosure to the Philippine Stock Exchange, the firm said consolidated...
Emperador Inc., the largest global brandy company that owns the Emperador and Fundador brands, is increasing its capital expenditure budget by 50 percent to P1.5 billion to further expand its global footprint. “Last year, at the height of the pandemic, we held back on our capital expenditure so...
Filinvest Land, Inc. (FLI) reported a 45 percent fall in attributable net income to P736 million in the first quarter of 2021 from P1.35 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its first quarter performance resulted in gross revenues...
Century Properties Group Inc. reported a 29 percent drop in net income to P205 million for the first quarter of 2021 from P290 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said earnings were supported by the continued strong performance of its...
The Ayala group of companies has turned over to Marinduque the province’s first and only molecular lab which is expected to drastically cut down the waiting period for COVID-19 testing. It usually to take 7 to 14 days to wait for COVID-19 test results since these have to be done through...
AREIT Inc. (AREIT), Ayala Land’s pioneering Real Estate Investment Trust (REIT) in the Philippines, posted a 60 percent jump in net income to P403 million for the first quarter of 2021 compared to the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said growth...
