The SM Group recognizes agriculture as one of the major sectors in the country with over 10 million individuals in the industry and that its support of the sector leads to improved livelihoods, food security and a stronger economy. Through food retail affiliate and community shopping mall...
Publicly-listed energy and water company Vivant Corporation of Cebu posted a 43 percent year-on-year growth in net income to P2.3 billion last year on the back of strong contributions from its power generation and distribution businesses. Vivant Corporation CEO Arlo Sarmiento In a disclosure to the...
Filinvest Development Corporation (FDC), the investment arm of the Gotianun Group, is allotting P20 billion to P25 billion for capital expenditures this year as it expands its property, renewable energy and hospitality businesses. In an interview, FDC President and CEO Rhoda A. Huang said the...
The amount of subsidy the Marcos administration extended to government-owned and controlled corporations (GOCCs) was raised to 35 percent in February, as the bulk of it went to the National Irrigation Administration (NIA). Based on the Bureau of the Treasury data, financial support extended to...
The Philippine Stock Exchange's bellweather fell by more than 200 points on Friday, April 5, from Monday’s level after a four-day losing streak, as investors were spooked by the rising inflation rate and the prospect of a delay in the reduction of interest rates. The main index dropped 81.6...
Robinsons Land Corporation (RLC), the property development arm of the Gokongwei Group, has reduced its stake in RL Commercial REIT Inc. (RCR) to 50.05 percent after selling a 16 percent interest for P8.49 billion. The firm disclosed to the Philippine Stock Exchange (PSE) that it has completed the...
Despite a slight dip in revenues, the Lopez Group’s investment arm First Philippine Holdings Corporation (FPH) posted a 19 percent growth in consolidated attributable net income to P15.1 billion last year from the P12.7 billion earned in 2022. Earnings growth was driven by the stronger operating...
The 14-megawat second phase of the Nabas wind farm project of Yuchengco-led PetroWind Energy Inc. (PWEI) has started shoring up power supply for the energy-strained Panay island after securing warranted clearances from relevant authorities and entities in the market. Prior to its injection of...
A new chapter in the professional métier of industry hotshot Emmanuel “Manny” V. Rubio will be unfolding soon, as whispers are getting louder on his appointment as the next chief executive officer of Meralco PowerGen (MGen), the power generation investment arm of Manila Electric Company...
Jollibee Foods Corporation, through the S$100-million investible funds from Titan Dining II LP (Limited Partnership), is planning to bring one of its foreign brands to Asia while further developing the group’s Chinese cuisine category. Jollibee Foods Corporation Chief Finance Officer Richard Shin...
The local stock market continued to decline due to growing uncertainties in both the global and domestic fronts. The PSEi dropped 36.76 points or 0.54 percent to close at 6,827.06 led by the retreat of the Services sector although Miners and Banks advanced. Volume was weak at 510 million shares...
Hotel Dreamworld welcomed guests to its new location in East Ortigas under the management of Global Comfort Group Corporation (GCGC). Hotel Dreamworld East Ortigas promises a top-notch experience, blending style and comfort for all guests. The hotel takes great pride in its exquisite...
