Universal Robina Corporation, the food and beverage unit of JG Summit Holdings Inc., reported a 40 percent jump in attributable net income to P10.52 billion for the first nine months of 2021 from the P7.5 billion earned in the same period last year. In a disclosure to the Phiippine Stock Exchange,...
State-run Philippine Amusement and Gaming Corp. (Pagcor) posted a contraction in revenues in the first nine-months of the year, missing its target for the period. Based on the Pagcor’s third-quarter budget performance report, its income from gaming operations declined by 0.21 percent to P22.28...
San Miguel Corp. (SMC) emerged as Top Employer of the Year at the 2021 Asia CEO Awards—at a time dominated by continuing challenges brought on by the COVID-19 pandemic. In a statement, SMC said it bested other major Philippine conglomerates across several criteria, including outstanding...
As part of its drive to improve broadband services, diversified telecommunications firm PT&T Corporation recently secured its first ISO 9001:2015 certification of Quality Management System (QMS) and expects to receive a second by end of 2021, the company announced. PTT-logo PT & T President...
The Japan Ground Self-Defense Force (JGSDF) has just capped a 10-day Humanitarian Assistance and Disaster Relief (HA/DR) training with the Philippine Marine Corps (PMC) at Naval Station Leovigildo Gantioqui, San Antonio, Zambales. (Photo from Embassy of Japan) The activity was conducted from Sept....
The Sun Life Investment Management and Trust Corp. (SLIMTC) has appointed global financial giant Citi as its middle office service provider in the Philippines. In a statement, Mike Enriquez, SLIMTC president said the mandate made Citi the first bank in the country to onboard a middle office client,...
The National Reinsurance Corp. of the Philippines (Nat Re), the country’s national reinsurer, was recognized by the Institute of Corporate Directors (ICD) for good corporate governance practices. Allan R. Santos, Nat Re president and chief executive officer said the company bagged two Golden...
Philippine leading oil firm Petron Corp. is negotiating for the renewal of a 10-year supply contract for crude oil that shall be fed and processed at its Port Dickson refinery in Malaysia. According to company documents, Petron is “in negotiation for renewal” of its supply contract for Tapis...
The Department of Finance (DOF) has asked the management of the state-run Philippine Crop Insurance Corp. (PCIC) to submit the detailed financial status and computation of its contingent liabilities. PCIC Chairman Carlos Dominguez In a statement, Finance Secretary Carlos G. Dominguez III said he...
State-run Philippine Crop Insurance Corp. (PCIC) is at risk of suffering heavy losses once major catastrophic events occur, which would eventually be shouldered by the taxpayers, an in-depth analysis by the Insurance Commission (IC) revealed. According to the IC analysis released by the Department...
To help cushion the impact of the pandemic on the local economy, the state-run Philippine Amusement and Gaming Corp. (Pagcor) approved a financial relief to cities and local government units (LGUs) hosting the Casino Filipino branches. In a statement, Andrea D. Domingo, Pagcor chairman and chief...
Leisure & Resorts World Corporation is now venturing into sports betting after wholly-owned subsidiary Total Gamezone Xtreme Inc. (TGXI) has been accredited by the Philippine Amusement and Gaming Corporation (PAGCOR) accreditation. In a disclosure to the Philippine Stock Exchange, LRWC said...
