Universal Robina Corp. (URC), the Gokongwei Group’s food and beverage unit, is targeting mid-single-digit growth in revenues, while earnings before interest and tax (EBIT) are seen rising at a faster pace, although it remains wary that a prolonged war in the Middle East could affect consumer...
MacroAsia Corp., the aviation and food services arm of taipan Lucio Tan’s business empire, signaled a cautious outlook for the remainder of the year as surging operating costs and new lease-related accruals weighed on its bottom line despite record-breaking revenue. The firm reported a 48.5...
Global-Estate Resorts Inc., the tourism and leisure subsidiary of billionaire Andrew Tan’s Megaworld Corp., plans to hand over ₱11 billion worth of residential and commercial projects this year as demand for property outside Metro Manila remains resilient. The firm said in a report to the...
The Marcos Jr. administration fell short of its planned ₱31-billion borrowing on Monday, May 4, as demand dropped significantly for short-dated debt papers amid rising interest rates following the Bangko Sentral ng Pilipinas (BSP) policy hike. The Bureau of the Treasury (BTr) raised only ₱28.1...
SM Investments Corp. (SMIC), the conglomerate controlled by the Philippines’ wealthiest family, is pushing ahead with a multi-billion-dollar reclamation project despite geopolitical headwinds in the Middle East, even as its banking unit opts for a “wait-and-see” approach on liquidating...
Rising uncertainties fueled by the United States-Iran conflict dampened lender demand on Tuesday, April 28, causing the Marcos administration to fall short of its ₱40 billion borrowing target for short-dated government securities. The Bureau of the Treasury raised only ₱25 billion, leaving a...
The Quezon City government on Wednesday, April 22, cautioned residents against individuals illegally offering paid assistance in the processing of Persons with Disability (PWD) IDs, senior citizen IDs, and purchase booklets. Authorities stressed that such fixer activities are strictly prohibited...
The national government fully awarded its offer of seven-year Treasury bonds on Tuesday, April 21, though appetite for the debt cooled as investors braced for the potential interest rate hike by the central bank. The Bureau of the Treasury raised the programmed ₱20 billion from the auction of the...
Demand for government securities (GS) continued to attract investors during the latest treasury bills (T-bills) auction, allowing the Marcos Jr. administration to exceed its planned ₱33 billion in short-term debt papers, as borrowing costs across all tenors declined further, partly due to the...
Bulacan Governor Daniel R. Fernando has expressed full support for the Supreme Court’s issuance of a Writ of Kalikasan and a Temporary Environmental Protection Order (TEPO) against quarrying operations in the Angat River–Bustos Dam Watershed. In a statement released Sunday by the Provincial...
The Quezon City government on Friday, Apr. 10, assured residents of continued housing and relocation support despite unrest that erupted during a clearing operation along NIA Road in Barangay Pinyahan. City authorities said the clearing operation was conducted to prepare the area for the...
GENERAL SANTOS CITY – A New People’s Army leader and amazon were killed in an encounter on Thursday, April 9, with government troops in a remote barangay in T’boli, South Cotabato. Brig. Gen. Michael Santos, 603rd Infantry Brigade commander, identified the slain NPA rebels as Anthony Narvasa,...
