Six Philippine companies, led by the Sy family’s SM Investments Corporation and BDO Unibank, made it to Forbes Magazine’s 19th annual Global 2000 list. The list is an international ranking of the world's biggest, most-powerful and most-valuable companies based on an analysis of four metrics:...
Now that the budget for 2022 is being prepared, President Rodrigo Duterte was asked by the private sector to issue an Executive Order (EO) to mandate local government units (LGUs) to allot a higher budget for their respective agricultural development. This request came up in anticipation of LGUs...
The Villar Group has successfully conducted the first session of its webinar series that aims to educate its workforce about the COVID-19 vaccines, and promote vaccination among its employees and their families. The webinar is part of Villar Group’s vaccination initiative, VHealthy, which...
Cebu-based Metro Retail Stores Group, Inc. (MRSGI) suffered a net loss of P126.47 million in the first quarter of 2021 from the P7.98 million profit earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said lowered customer traffic due to quarantine...
Maynilad Water Services, Inc. (Maynilad), the government water concessionaire for the West Zone, said it will cost them P29 billion to build several sewage treatment plants (STP) across the metropolis. In a statement, Maynilad said that it is now simultaneously building several STPs in Caloocan,...
International Container Terminal Services Inc. and Alliance Global Group Inc. denied that there is any dispute between the two groups over the planned construction of a mega vaccination center on land owned by Nayong Pilipino at the Entertainment City. Allegations against the project...
The Gokongwei Group, through private investment firm JE Holdings, is infusing P1.25 billion into Shakey’s Pizza Asia Ventures Inc. (PIZZA) as a new strategic investor of the Po family-controlled food chain. In a disclosure to the Philippine Stock Exchange, Shakey’s said that,...
In its first-ever virtual launch, Vista Residences —the condominium development arm of Vista Land & Lifescapes Inc. —featured Kizuna Heights in Malate, Manila, its joint venture with Japanese real estate developer Mitsubishi Estate Co., Ltd. (MEC). The milestone event is part of the Vista...
LT Group, Inc., the investment holding company of taipan Lucio Tan, reported a 4.5 percent improvement in attributable net income to P6.49 billion in the first quarter of 2021 from the P6.21 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange,...
Emperador Inc., the largest global brandy company, rerpoted a 43 percent spike in attributable net income to P2.1 billion in the first quarter of 2021 as revenues rose 13 percent to P12.1 billion. In a disclosure to the Philippine Stock Exchange, the firm said it has been able to...
The Cavite-Laguna Expressway (CALAX) Subsection 5, a 7.2km, 2x2 lane expressway linking the Sta. Rosa-Tagaytay Road to Silang, Cavite, is now 94 percent complete and will be opened to motorists this third quarter, 2021. This section of CALAX will cut travel time to Silang from the current one hour...
Diversified engineering conglomerate DMCI Holdings, Inc. reported that its profits shot up by 590 percent in the first quarter of the year to P4.3 billion from P616 million in the same period of 2020. In a disclosure to the Philippine Stock Exchange, the firm said this is because income drivers...
