Bizsnippets
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Microsoft Acquire Solair
In an announcement, Microsoft revealed that it acquired Solair, an IoT service based in Italy founded in 2011. The company had already used Microsoft’s Azure…
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RCBC Net Income Rises
Rizal Commercial Banking Corp.’s net income managed to grow by a tenth in the year’s first quarter. Yuchengo conglomerate’s banking arm booked a P1.8 billion…
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Meralco Looking for ERC Nod on Power Supply Pacts
Manila Electric Co. is looking towards a regulatory approval to source 3,551 megawatts of its power requirements from seven companies. This includes two under its…
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Hulu to Introduce New Cable TV-Like Service
Hulu, in an attempt to compete with Sling TV, is fleshing out a brand new cable-TV like service. This is done by agreeing to license…
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Uber Expanding to Rizal
Uber is in the process of expanding its presence in the country by offering its services in Rizal province, albeit in select areas. The ride-sharing…
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D&L Targeting 10% Annual Growth Rate
D&L Industries, Inc. expects their net profit to rise by 10% over the medium term. This places the customized food ingredients producer in a spot…
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The Three Things that Matter Most to Angel Investors
A survey has been released this week, showing three things that matter most to angel investors beyond a return on investment. Propel, an online investment…
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PAGCOR Surpasses its Target and Nets P1.04-B Profit
The Philippine Amusement and Gaming Corporation managed to get a P1.04 billion profit for the year’s first quarter. The amount exceeded their target by nearly…
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Damosa Land Breaking Ground on Mixed-Use Project
Homegrown property developer Damosa Land, Inc. intends to start its newest mixed-use project by June. The project will be developed on an 88-hectare area in…
