Softdrinks, food and beverage manufacturers are in need of 450,000 metric tons of premium refined sugar for the remainder of this year to be able to run their factories at full capacity while they implement various measures to cushion the impact of the sugar shortage in their business. According to...
Eton Properties Philippines, the Lucio Tan Group’s real estate unit, reported that its office leasing segment is gaining traction against as the country eases out of the Covid-19 pandemic. In a statement, Eton Properties disclosed that a triple A construction firm has signed a three-year contract...
Medical equipment supplier Medilines Distributors, Inc. reported a 19 percent drop in net profit to P81 million for the first half of 2022 from the P100 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its net profit margin for the six...
PLDT and Smart Communications, Inc. continue to clamp down on the spread of child abuse materials (CSAM) online, blocking almost 250,000 attempts to open links known to contain CSAM last month. This followed a decrease in the number of blocked attempts to access these materials in the second...
Amazon Operation Services Philippines, Inc. (AOSPI) is expanding its footprint in the Philippines by investing P524.33 million for its virtual customer services (VCS) project in the country. The Board of Investments (BOI) has approved the project as a new services export provider for its VCS...
DJ Zedd for HyperX HyperX, the gaming peripherals team at HP Inc. and brand leader in gaming and esports, today announced the signing of world renowned DJ, record producer, and songwriter Zedd as the brand’s newest ambassador. Through the relationship, HyperX will serve as Zedd’s Official...
Retail stores and carinderias (eateries) are now experiencing shortage in beverage and softdrinks supply while wholesalers have advised them of no deliveries in three months or longer. In a statement, the Philippine Association of Stores and Carinderia Owners (PASCO) said they have been...
Bakery chain Balai ni Fruitas has established its first Balai Pandesal store in Cebu as it begins its expansion to the Visayas and Mindanao region as part of its strategic plan to provide its products nationwide. In a disclosure to the Philippine Stock Exchange, the firm said Balai Pandesal baked...
Containerized cargo growth in its Manila and Batangas ports boosted Asian Terminal Inc. (ATI)'s net income by one percent to P1.14 billion on revenues of P6.1 billion, up 11.7 percent, in the first half of 2022 versus the same period last year. Revenues from South Harbor international containerized...
Smart Communications, Inc. is collaborating with US-based Omnispace to explore the capabilities of space-based 5G communications using low earth orbit (LEO) satellites The aim is to connect remote areas, incorporate Internet of Things (IoT) and sensors to monitor weather disturbances and natural...
Max’s Group, Inc., the largest casual dining restaurant group in the Philippines, reported that its net income of P281.1 million in the first half of 2022 organically grew by 18 times compared to the same period last year. In a disclosure to the Philippine Stock Exchange, the firm noted that its...
Major cola and beverage drinks producers in the country confirmed shortage in supply of refined premium sugar, a key raw ingredient in their products, while the Philippine Chamber of Commerce and Industry (PCCI) warned that its member food processors are slowing down production because their sugar...
