Metro Pacific Investments Corporation reported a 24 percent growth in consolidated core net income to P7.5 billion for the first half of 2022, a post-pandemic high, from P6.0 billion a year earlier. In an online press briefing, MPIC Chief Finance Officer June Cheryl Cabal-Revilla said “improved...
SM Investments Corporation (SMIC) reported that the Securities and Exchange Commission (SEC) has approved its acquisition of an 81 percent stake Allfirst Equity Holdings Inc. (Allfirst) in exchange for shares in SMIC. In a disclosure to the Philippine Stock Exchange, SMIC said Allfirst is the...
OFW FORUM Jun Concepcion More often than not, overseas Filipinos are in a much better position than their local counterparts to acquire their dream house while earning double or even quadruple what they used to earn back home. Remy M., 45, a single mother of three, and who now works as a domestic...
The Board of Investments (BOI) has approved the application for registration of PAVI Green Renewable Energy, Inc. for its P2-billion new solar power project in Naga that will augment the energy supply of the Luzon grid, which is experiencing tight supply amid increasing demand. The project was...
Carmen's Best Group makes their ice cream using milk produced at Real Fresh Dairy Farms. Photo by Yvette Tan. Metro Pacific Investments Corporation (MPIC) entered a deal with Carmen's Best Group, known for their gourmet ice cream, to acquire a majority stake in The Laguna Creamery Inc (TLCI). The...
Six Philippine firms were included in the list of honored companies in Asia in Institutional Investor’s 2022 Asia (ex-Japan) Executive Team Survey. Based on the poll results published in the Institutional Investor website, the six local firms in the list are D&L Industries Inc., Century...
Metro Pacific Investments Corporation (MPIC), the country’s leading infrastructure investments company, is acquiring a controlling stake in dairy firm Carmen’s Best Group of the Magsaysay family for P198 million. In a press briefing, MPIC Chairman Manuel V. Pangilinan said they have entered...
NLEX Corp. has earmarked P1.2 billion this year for upgrading its toll collection and account management systems to speed up lane transactions. “We keep on investing in innovative solutions to make our processes more efficient and make the experience of our motorists more pleasant,” said NLEX...
SPC remains bullish on planned RE investments By MYRNA M. VELASCO Despite downturn in financial performance last year, Henares-led SPC Power Corporation has indicated that it is still upbeat on targeted renewable energy (RE) investments as well as battery energy storage system (BESS) installations....
Approved foreign investments dropped by half in the first three-months of the year despite improving economic condition amid the prolonged pandemic, data from the Philippine Statistics Authority (PSA) revealed. Based on the PSA report, total foreign investments declined 54 percent to P8.98 billion...
