Taipan Lucio Tan’s LT Group Inc. is infusing a total of ₱3.5 billion into subsidiary Eton Properties Philippines, Inc. (EPPI) and its residential unit Eton City Inc. (ECI) to fund their growth initiatives. In a disclosure to the Philippine Stock Exchange, LTG said its management has finalized...
Hotel101 Global Pte. Ltd., the hospitality unit of tycoons Tony Tan Caktiong and Edgar Sia II’s DoubleDragon Corporation, has bought more time to push through with its merger with the company’s NASDAQ listing vehicle. The firm now has until July 23, 2025, to complete its merger with JVSPAC...
Recently-acquired assets and higher rent boosted the earnings of MREIT, Inc., the real estate investment trust of township developer Megaworld Corporation, by 25.6 percent to ₱932 million in the first quarter of 2025 from the ₱742 million earned in the same period last year. The firm said in a...
LT Group Inc., the holding company of taipan Lucio Tan, sees opportunities to expand its market leadership as inflation stabilizes while the country’s economic conditions improve. “As we look ahead to 2025, LTG remains committed to driving sustainable and innovative growth,” said LTG...
Gokongwei-led Robinsons Land Corporation’s budget-friendly Go Hotels will have to take a back seat as the company focuses on growing more upscale brands under its ₱125 billion five-year expansion and premiumization plan. In a media briefing after the RLC annual stockholders’ meeting, RLC...
Tycoon Andrew Tan’s township developer Megaworld Corporation reported a 16 percent growth in net income to ₱5.83 billion in the first quarter of the year as its growing focus on the provinces helped the performance of all of its core businesses. In a disclosure to the Philippine Stock Exchange,...
The Philippine Coast Guard (PCG) has mobilized BRP Teresa Magbanua (MRRV-9701) and an aircraft to monitor, challenge, and escort a Chinese research vessel suspected of conducting illegal marine scientific research off the coast of Ilocos Norte. Tan Suo 3 was detected entering the country’s...
AVANT GARDENER A few columns ago, I wrote about Anitu Forest Food Processing, a small batch chocolatier from Bukidnon and Anitu Food Forest, the syntropic farm that supplies the cacao for the artisanal chocolates. Fourth-generation farmer Marvi Montecillo recounted his journey to syntropic...
Tanduay Distillers, Inc. (TDI), the spirits unit of the Lucio Tan Group, posted a 37 percent growth in net income to a record ₱2.15 billion in 2024 from the ₱1.57 billion earned in the previous year. In a statement, the firm said this growth was driven by a combination of higher sales...
Eton Properties Philippines Inc. President and Chief Executive Officer (CEO) Kyle C. Tan Eton Properties Philippines Inc. (EPPI), the real estate arm of the Lucio Tan Group, reported a 71-percent drop in net income to ₱213 million last year, from ₱746 million in 2023, mainly due to a one-time...
Incoming Philippine Airlines (PAL) President Richard Nutall (left) and incoming Executive Vice President and Chief Operating Officer (COO) Carlos Luis Fernandez (right) Flag carrier Philippine Airlines (PAL) has appointed British national and veteran airline industry executive Richard Nuttall as...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Dr. Andrew Tan, is cutting capital expenditures (capex) for 2025 following a decline in earnings in 2024. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it is allotting ₱63 billion for capex this...
