International Container Terminal Services, Inc. (ICTSI) reported a slight uptick in audited consolidated attributable net income to US$101.8 million last year, one percent higher than the US$100.4 million earned in 2019. In a disclosure to the Philippine Stock Exchange, the firm said the growth in...
D&L Industries, the country’s largest specialty foods ingredients, plastics and oleochemicals firm, reported full recovery in the fourth quarter of 2020 and expects earnings to return to pre-COVID levels this year In a media briefing, D&L President Alvin D. Lao said “recovery...
The government’s new infrastructure projects are expected to fuel housing demand outside of Metro Manila, according to one of the country’s top property developers. Red Rosales, president of Bria Homes a subsidiary of Villar-owned Golden MV Holdings, Inc., said the current infrastructure...
Metro Pacific Investments Corporation (MPIC) and its logistics arm MetroPac Movers Inc. (MMI) helped store batches of the CoronaVac vaccine, from Beijing-based biopharmaceutical firm Sinovac, in the MetroPac Movers Inc. warehouse in Marikina City. “We are now embarking on our journey towards...
BDO Leasing and Finance, Inc. (BDOLF) reported the inet profits surged to P252.3 million last year from P46.8 million in 2019 on the back of stable asset yields and lower funding costs. In a disclosure to the Philippine Stock Exchnage, the firm said total expenses dropped by 34 per cent to P2.0...
Home improvement and finishing construction supplies retailer Wilcon Depot reported that its net income declined by 31.8 percent to P1.45 billion last year. In a disclosure to the Philippine Stock Exchange, the firm said net sales decreased by 7.5 percent to P22.63 billion as the COVID-19 pandemic...
Prior to the onslaught of the country's first typhoon this year and in preparation for the launch of its mobile community app for fisherfolks, Globe Telecom, Inc. distributed mobile phones to 93 fishermen in Sariaya, Quezon. The Globe initiative was in support of the order of Quezon Province...
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...
