Alliance Global Group, Inc. (AGI), the holding company of tycoon Andrew Tan, reported a 62 percent drop in net income to P10.3 billion last year compared to the P27.1 billion earned in 2019 as the pandemic hit most of its businesses. In a disclosure to the Philippine Stock Exchange, AGI said...
Diversified conglomerate San Miguel Corporation posted a strong recover in the first quarter of 2021 with net income amounting to P17.2 billion, 15 times better than the P1.1 billion it earned in the same period last year. In a statement, the firm said almost all its major...
GENEVA, Switzerland -- The World Health Organization (WHO) and Germany jointly announced on Wednesday the establishment of a new global hub based in Berlin for pandemic and epidemic intelligence, data, surveillance, and analytics innovation. "The new WHO Hub will be a global platform for pandemic...
Limiting global warming to 1.5 degrees Celsius could halve how much sea levels rise due to melting ice sheets this century, according to a major new study modelling how Earth's frozen spaces will respond to ever-increasing greenhouse gas emissions. PIXABAY/ MANILA BULLETIN FILE Since 1993, melting...
The Clark International Airport Corp. (CIAC) lauded DITO Telecommunity Corp.'s P20.5 billion infrastructure investment in Clark as "a welcome respite to interrupted businesses because of the pandemic". DITO's Google campus-inspired data center which recently broke ground at the Clark Global City...
A 19-year-old student from the De La Salle University (DLSU) was chosen by a US-based not-for-profit organization for advocating education and other youth-related initiatives especially for disadvantaged communities. Photo from Mirus Ponon / Manila Bulletin Emmanuel Mirus Ponon, 19, a Bachelor of...
UAE-based LuLu Financial Holdings – a holding company with investments in financial services and products spanning the Gulf Cooperation Council (GCC) , Indian sub-continent, and Asia Pacific regions - has announced the appointment of Richard Teng, former CEO of Financial Services Regulatory...
Meralco PowerGen Corporation (MGen), the power generation investment subsidiary of Manila Electric Company (Meralco) has completed the acquisition of the shareholdings of affiliate firm Global Business Power Corporation (GBP) on March 31 this year, according to Meralco executives. To partly fund...
Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates, generated P12 billion from the sale of residential projects but 2020 net income was still lower due to the pandemic. In a statement, the firm aid it sold P4.22 billion worth of...
The possibility of the government opening up the local market to more imported sugar remains to be one of the major factors why the country’s local sugar production is seen not improving this year or in the next years to come. This, according to international data, has remained to be “the...
Global Ferronickel Holdings, Inc. (FNI), the second- largest nickel producer in the country, reported a 43 percent jump in net income to P1.86 billion last year from the P1.30 billion earned in 2019. In a disclosure to the Philippine Stock Exchange, the firm said revenues were up 9.1 percent to...
DITO Telecommunity Corporation (DITO) just broke ground for its first Data Center, "expected to generate thousands of jobs", at Udenna Land, Inc. (ULI)'s Clark Global City (CGC). Designed after Google’s campus-style headquarters, the master-planned development in CGC is "a critical component to...
