Christmas Gift Christmas shopping is not for the faint of heart. From braving throngs of people, enduring traffic jams, hunting down presents, to surviving long checkout queues, shopping for the holidays can be quite stressful. One way to survive the Christmas rush is to prepare ahead of your...
The Filipino-Chinese business community has thrown strong support behind Trade and Industry Secretary Alfredo E. Pascual, who is facing opposition on his confirmation at the Commission on Appointments. In a statement, the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc....
Del Monte Pacific Limited (DMPL) reported a 65 percent drop in net income for the first half of its fiscal year ending October 2023 to $19 million from the $54.1 million earned in the same period last year. The firm said in a disclosure to the Philippine Stock Exchange that this is due to the...
The chief executive officer of a tech firm has projected a bullish growth for the Information Technology (IT) after the Covid-19 pandemic comes to an end. VST ECS Phils. President and CEO Jimmy Go speaks at the 2022 CXO Innovation Summit in Boracay Island. (VST ECS) “We are expecting the IT...
The Philippine Dealing and Exchange Corporation (PDEx) has approved the planned listing of Aboitiz Equity Ventures’ (AEV) P20 billion fixed-rate retail bonds, which includes oversubscriptions. In a disclosure to the Philippine Stock Exchange, AEV said the 2022 Bonds consist of a base offer in the...
Apex Mining Co. Inc. is buying the Davao de Oro copper mining operations controlled by Clariden Holdings Inc., a subsidiary of Iñigo Zobel and Ramon S. Ang’s Top Frontier Holdings Inc. for $81.5 million (P4.56 billion) . In a disclosure to the Philippine Stock Exchange, Apex said its Board of...
Globe Telecom Inc. fired up 26 new Long Term Evolution (LTE)-capable cell sites in Oriental Mindoro and Marinduque through stronger partnerships with local cooperatives, the telco disclosed Tuesday, December 6. Globe collaborated with the Oriental Mindoro Electric Cooperative Inc. (ORMECO) and the...
iPeople, inc., the education partnership between the Yuchengco and Ayala groups, is seeking to merge subsidiaries National Teachers College (NTC) and Affordable Private Education Center Schools (APEC). In a disclosure to the Philippine Stock Exchange, iPeople said the shareholders and boards of...
AF Payments Inc. (AFPI) sudsidized beep cards to the tune of P300 Million since it started operations in 2015, after clinching a concession agreement with the government, President and CEO JJ Moreno declared in his statement issued Monday, December 10. "For the record, AFPI does not profit from...
PLDT Inc. (PLDT) and Smart Communications, Inc. have expanded their fiber and wireless networks, serving 40 percent of the total barangays in the Philippines. PLDT has rolled out its fiber-to-the-home (FTTH) network to 17,000 barangays, as of end-September, 2022, up 24 percent from end-2021. The...
The family of Manuel B. Villar, listed as the richest Filipino by Forbes, is launching its 80-hectare casino and entertainment complex called Gold Coast Entertainment City in 2023 as construction is almost complete. “Yes it will push through. It is already a big development. We will be launching...
Manila Water Company continues to ramp up its water and wastewater service expansion program particularly in Rizal Province. In a statement, the firm said more than 7.4 million consumers in the East Zone of Metro Manila and Rizal Province now enjoy 24/7 clean and potable water supply because of its...
