Subsection 5 of the P24.2 Billion Cavite-Laguna Expressway (CALAX) , a 7.2-kilometer link from Santa Rosa-Tagaytay Interchange to Silang East Interchange, Cavite has achieved 83% construction progress and will open to motorists by third quarter, 2021. DPWH Sec. Mark A. Villar is joined by...
San Miguel Food and Beverage, Inc. reported a 30 percent drop in consolidated profits last year to P22.4 billion from P32.3 billion in 2019 but noted a rebound starting the second half of 2020. SMC president and COO Ramon S. Ang In a statement, SMFB said consolidated revenues were down 10 percent...
Business process outsourcing company, MDS Call Solutions, Inc. (MDSCSI) takes its voice and digital services up a notch with Globe. MDSCSI collaborated with Globe’s enterprise arm, Globe Business, to support its Amazon Web Services (AWS) cloud migration and SMS Application Programming Interface...
Ayala Land Inc. is giving the businesses of its restaurant tenants a boost by closing some of its streets to allow them to offer al fresco dining in Makati and Bonifacio Global City. Aimed at breathing new life into restaurants in the business districts, the Makati Street Meet, Riverside...
Philippine Infradev Holdings, Inc. announced that its wholly-owned subsidiary Makati City Subway, Inc. has executed a legally binding Term Sheet with Richer Today, Inc. (RTI) for a new joint venture. In a disclosure to the Philippine Stock Exchange, the firm said the Term Sheet provides that MCSI...
The business sector is asking the government to accelerate COVID-19 vaccination because they are already in the “last phase,” stressing that adding six months or one year more of quarantine would mean closures of most enterprises to the detriment of more Filipinos, especially the poor. ...
Cebu Landmasters Inc. (CLI) recently announced the 2021 rollout of its flagship economic housing brand Casa Mira in four more key cities in the Visayas-Mindanao region as the response to the massive demand for safe and secure value housing heightened by the pandemic. A study from Leechiu Property...
The COVID19 pandemic resulted in lower container volumes, pulling down Asian Terminals Inc. (ATI)’s earnings by 20.4 percent, from P3.71 billion in 2019 to P2.96 billion last year. Container volumes at the Manila South Harbor plunged 20.4 percent while those at the Batangas Container Terminal...
Several areas in Pasig City, Quezon City, and Binangonan, Rizal will experience water service interruption this week, Manila Water announced Monday. (JANSEN ROMERO / MANILA BULLETIN) In an advisory, Manila Water said the water service interruption is due to the scheduled repair and pipe maintenance...
Robinsons Retail Holdings, Inc. (RRHI ) is extending its share buyback program for an additional amount of P2.0 billion to improve shareholder value. In a disclosure to the Philippine Stock Exchange, the Gokongwei group’s retail arm said this will be on top of the P2.0 billion share buyback...
Success is not final; failure is not fatal. It is the courage to continue that counts. —Winston Churchill With almost a year in lockdown, it is no secret that the COVID-19 pandemic has forced most businesses to reduce their spending, if not completely reduce their workforce or halt their...
The Philippine Chamber of Agriculture and Food Inc. (PCAFI) and its member group Philippine Maize Federation Inc. (PMFI) asked the Philippine Ports Authority (PPA) to approve the construction of the First Border Inspection Facility or Agricultural Commodity Examination Area (ACEA) in Manila Port....
