VisMin developer Cebu Landmasters, Inc. (CLI) reported a 42 percent growth in attributable net income to a record P2.61 billion last year from the P1.85 billion earned in 2020. In a disclosure to the Philippine Stock Exchange, the firm said that its 2021 results has surpassed its 2019 pre-pandemic...
Farming, they say, is a huge gamble. With farmers saddled with debt even before they till the soil, they can only hope to literally reap everything they’ve sown. Crop damage is not an option. But this is exactly what befell 40-year-old vegetable grower Celeste Naguiat of Floridablanca, Pampanga....
The Filinvest-ENGIE Renewable Energy Enterprise, Inc. (FREE) has signed a memorandum of understanding with Filinvest Land, Inc. (FLI) to explore opportunities in installing renewable energy generation facilities in Filinvest Innovation Parks at New Clark City and Ciudad de Calamba. FREE is a joint...
Century Pacific Food, Inc., one of the Philippines’ leading branded food and beverage companies, reported a 20 percent growth in unaudited net income to P4.7 billion last year on the back of a robust topline performance and favorable income tax rates. In a disclosure to the Philippine Stock...
76541 The Anti-Red Tape Authority (ARTA) once again ruled in favor of automatic approval for NOW Telecom Company, Inc. (NOWTEL)'s cellular mobile service license and frequencies. The National Telecommunications Commission (NTC) granted NOWTEL with a Cellular Mobile Telephony System (CMTS)...
Medilines Distributors Inc. has provided state-of-the-art cancer diagnostic equipment in Southern Philippines Medical Center (SPMC) for its new P529 million Cancer Diagnostic Institute Building. SPMC, located in Davao City, is the largest tertiary Hospital under the Department of Health that is...
SM Prime Holdings, Inc. has pegged the interest rates for its retail bonds worth up to P20 billion that will be offered from April 7-13, 2022. In a disclosure to the Philippine Stock Exchange, SM Prime said it has set the rate for its Peso-denominated Series P, 5-year retail bond at 5.6141 per cent...
Customers of Maynilad Water Services Inc. in Muntinlupa have started getting rebates in their April bill from the company, which was fined for prolonged water service interruptions from December to February. A total of 198,315 Maynilad customers being serviced by the company’s Putatan Water...
76184 Smart Communications, Inc. (Smart) recorded 42.6 million active data users in 2021, up 11 percent versus the preceding year with the easing of mobility restrictions. "We are confident that with the easing of mobility restrictions, the increase in economic activity and the growing adoption of...
VistaREIT Inc. (VREIT), the commercial real estate investment trust of integrated property developer Vista Land & Lifescapes Inc., is banking on the strength of its synergy with the Villar Group’s retail ecosystem for a steady revenue stream. With its strong portfolio of Villar-owned...
Megaworld Corporation is transferring four more office buildings worth P5.3 billion to its real estate investment trust MREIT as the initial tranche of its P20 billion assets-for-shares swap planned for this year. In a statement, Megaworld said the new acquisitions will have a total gross leasable...
The PSEi declined at the end of a volatile week due to renewed concerns over Russia’s invasion of Ukraine and its conflict with the West. The main index dropped 50.59 points or 0.70 percent to close at 7,152.88 as the Holding Firms counter led the retreat of all sectors. Volume weakened to 15.2...
