Present at the LIMA Locators’ Appreciation event were representatives of LIMA Technology Center locators, Aboitiz InfraCapital President and CEO Cosette Canilao (bottom row, rightmost), and First Vice President for Aboitiz Integrated Economic Centers Rafael Fernandez de Mesa (bottom row, fourth...
Greenergy Holdings Inc., the listed firm of businessman Antonio Tiu, continues to beef up its fintech portfolio with the acquisition of 51 percent of ABS-CBN Corporation’s U-Pay Digital Technologies Inc. for P54 million. The move is part of Greenergy's bold ambition and pivot towards digital...
The Tiwi and Makiling-Bahanaw geothermal plants have started supplying the electricity requirements of American financial services company Wells Fargo through the retail electricity supplier (RES) agreement that the parties have entered into. Wells Fargo Philippines, McKinley Hill, Bonifacio Global...
Real estate developer Century Properties Group, Inc. has raised P3.0 billion in fresh funds from its latest bond offering, P1 billion more than its initial target because the offer was twice oversubscribed. CPG said the three-year unsecured Peso-denominated fixed rate retail bonds, carrying a...
While the coming new year brings us a fresh start, it also pushes us to face a new reality, a new normal. In this new normal, life is not the way it used to be. With the new normal comes a new start, a new hope, and a new future that is in our hands to shape. The pandemic may have exposed our...
To help address the rise of online counterfeiting and piracy, e-commerce platforms Lazada and Shopee today, March 1, signed a memorandum of understanding (MoU) with various global and local brand owners to fight the alarming increase in counterfeit and pirated products sold online. On the part of...
Robinsons Retail Holdings, Inc. reported a 25.2 percent drop in unaudited consolidated attributable net income to P2.93 billion last year from the P3.92 billion earned in 2019 due to the economic effects of the pandemic. In a disclosure to the Philippine Stock Exchange, RRHI said unaudited...
The local stock market is seen to remain volatile this week due to the upcoming release of earnings results of some index heavyweights as well as the inflation figure for February. “Inflation expectations are expected to be one of the main drivers of the market ahead of the release of the...
Ayala Healthcare Holdings, Inc. (AC Health), through Healthway Philippines, Inc. (HPI), has completed its acquisition of a majority stake of Mercado General Hospital Inc. (MGHI). In a disclosure to the Philippine Stock Exchange, Ayala said it purchased shares from White Knight Holdings, Inc., a...
Smart Communications Inc. has tripled the number of its 5G sites nationwide to over 1,400, including Baguio and Cagayan de Oro, the telco announced Friday, (Feb. 26). These include 5G sites recently fired up in Benguet, Misamis Oriental and Zamboanga Sibugay. Already, Smart has deployed 5G sites in...
SM Investments Corporation (SMIC) registered a net income of P23.4 billion last year, 48 percent lower than the P44.6 billion earned in 2019. Due to the impact of the COVID-19 pandemic, The firm’s consolidated revenues declined to P394.2 billion in 2020 from P502.0 billion in the year before....
The Department of Environment and Natural Resources-Environmental Management Bureau in Region 10 (DENR-EMB 10) has lauded FDC Misamis Power Corporation (FDC Misamis) for the man-made forest it built in the province To be specific, DENR cited the forest management and reforestation programs of FDC...
