Empire East Land Holdings Inc., a subsidiary of Megaworld Corporation, reported a 16.4 percent drop in consolidated net profit to P178.7 million in the first quarter of 2022 from the P213.9 million posted in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Real estate giant Ayala Land, Inc. (ALI) has listed its P12-billion fixed-rate bonds due 2028 on the Philippine Dealing & Exchange Corp. (PDEx) after the offering was oversubscribed five times with orders amounting to P60 billion. This 6-year bond is the biggest bond issuance of ALI in the past...
The Maynilad Water Services announced that a total of 64 barangays in Pasay City will experience water interruption for 17 days from May 16 to June 1. The affected barangays will be experiencing low to no water supply from 10:00 p.m. to 4:00 a.m. daily during the said dates. The 64 barangays that...
Filipinos adopting 5th generation technology (5G) now drive the growth of data, according to Smart Communications Inc. SVP and Head of Consumer Wireless Business Jane J. Basas. Data traffic on Smart's 5G network grew by 65 percent in the first quarter 2022 as the number of unique 5G devices grew 35...
The local stock market plunged for the 5th straight session, falling a total of over 499 points or 7 percent to the 6,300 level, as foreign investors continue to leave amid uncertainties. The main index dove 153.13 points or 2.34 percent to close at 6,379.17 as Conglomerates led in the retreat...
Tourism estate developer Global-Estate Resorts, Inc. (GERI) registered a 28 percent growth in net income to P412.2 million in the first quarter of 2022 from the P322.6 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its attributable net...
Radius Telecoms, Inc. (RADIUS) aims to transform and improve the way Filipino families enjoy their togetherness, family time and leisure hours with RED Fiber, the country’s newest broadband service. RED Fiber offers Pinoy households the full promise of 100% fiber internet streaming and...
As global travel restrictions ease, Smart Communications, Inc. (Smart) has expanded its 5G roaming coverage for tourists through its alliance with 84 roaming partners in 51 countries to date. Smart5GRoaming Since last year, Smart has doubled its efforts to serve the 5G roaming needs of inbound and...
House Deputy Speaker and reelectionist Rep. Eric Martinez has been proclaimed the winner in the race for Valenzuela City's 2nd district congressional seat. House Deputy Speaker and Valenzuela City 2nd district Rep. Eric Martinez The local Board of Canvassers officially proclaimed Martinez as the...
Daryl Chang and Audrey Carpio With its much-awaited launch in September 2022, Vogue Philippines continues to announce key appointments for its editorial team. Recently, the local edition of the global fashion authority revealed Daryl Chang as fashion editor, Joyce Oreña as beauty editor, Audrey...
Ayala Land Inc. (ALI) reported a 14 percent improvement in net income to P3.2 billion in the first quarter of 2022 from P2.78 billion in the same period last year, supported by continuing cost-efficiency measures amidst the pandemic. In a disclosure to the Philippine Stock Exchange, the firm said...
Real estate giant Ayala Land Inc. is planning to raise up to P33 billion from a planned bond issuance of P22 billion with an oversubscription option of up to P11.0 billion. The proceeds of the proposed bond offering will be used by the firm for refinancing and to fund general corporate...
