D&L Industries Inc., the country’s largest specialty foods ingredients, plastics and oleochemicals firm, is planning to raise up to P5 billion from its first bond offering to fund its P8 billion capacity expansion program. In a disclosure to the Philippine Stock Exchange, D&L said...
Department of Trade and Industry (MANILA BULLETIN) The Philippines has expanded the list of countries covered with the safeguard measure on cement importation with additional 13 countries, including Indonesia, as sourcing of cheap cement may have been diverted to countries previously exempt from...
HP Inc. today announced the launch of its first virtual showroom in the Philippines. Part of a virtual experience for customers that spans six countries in Southeast Asia, the HP Virtual Showroom takes customers into a modern-day virtual world of diverse technology experiences for different...
Golden Haven Las Pinas reported a 2,000 percent increase in value of its memorial lots since its inception in 1984 following massive projects within the Villar-owned Vista City Global South. Red J. Rosales, chief operating officer of Golden Haven Memorial Park, said that since its operation more...
In another management shake-up, former Police Deputy Director General Reynaldo Velasco has regained the position as Metropolitan Waterworks and Sewerage System (MWSS) administrator. MWSS Logo In a text message, retired Lt. General Emmanual Salamat confirmed to Manila Bulletin that he is no longer...
Ban Kee Trading Inc., one of the leading distributors for children’s toys in the Philippines, began handling operations for LEGO Certified Stores (LCS) in the country at the beginning of the year and recently launched the official online store amidst greater push for digitalization. “Launching...
Redco Transit Development Pte Ltd. (Redco) of Singapore has terminated its planned acquisition of shares in Makati City Subway Inc. (MCSI) from Philippine Infradev Holdings Inc. (PIHI) and Hong Kong Binjiang Industrial Limited (HK Binjiang). The Philippine Competition Commission (PCC) on March 9,...
The water rates of Manila Water Company Inc. will slightly increase in the second quarter of the year, while customers of Maynilad Water Services Inc. will enjoy a small rollback in rates. In a virtual briefing on Thursday, Metropolitan Waterworks and Sewerage System (MWSS) Chief Regulator Patrick...
Emperador Inc. – the world’s largest brandy company – reported an 18 percent jump in attributable net income to a record P8 billion last year as revenues improved 4.5 percent to P52.6 billion. In a disclosure to the Philippine Stock Exchange, Emperador said its global footprint and...
Subsection 5 of the P24.2 Billion Cavite-Laguna Expressway (CALAX) , a 7.2-kilometer link from Santa Rosa-Tagaytay Interchange to Silang East Interchange, Cavite has achieved 83% construction progress and will open to motorists by third quarter, 2021. DPWH Sec. Mark A. Villar is joined by...
San Miguel Food and Beverage, Inc. reported a 30 percent drop in consolidated profits last year to P22.4 billion from P32.3 billion in 2019 but noted a rebound starting the second half of 2020. SMC president and COO Ramon S. Ang In a statement, SMFB said consolidated revenues were down 10 percent...
Business process outsourcing company, MDS Call Solutions, Inc. (MDSCSI) takes its voice and digital services up a notch with Globe. MDSCSI collaborated with Globe’s enterprise arm, Globe Business, to support its Amazon Web Services (AWS) cloud migration and SMS Application Programming Interface...
