Philippine Updates
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Philex Mining Net Income Rises
Philex Mining Corp. has seen its net income increase by 38% within the year’s first quarter. The probable reason for this is that the company…
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Crown Asia Chemicals Reports Higher Q1 Income
The earnings of Crown Asia Chemicals Corp. has increased in the year’s first three months. This is due to the strength of its pipe business.…
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Concentrix Looks to Grow Philippine Operations
Concentrix Corp. is expanding its local operations and plans on setting up shop in Lapu-Lapu, Cebu by the latter part of 2016. The company is…
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Marco Polo Plaza Celebrates 10th Anniversary with Run for Eruf
On its tenth year anniversary, Marco Polo Plaza celebrated by giving back. The celebration began with a RUN FOR ERUF on April 3, 2016, where…
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SM Boosts Capital Stock
During their annual stockholder’s meeting on Wednesday, stockholders of SM approved the increase in its authorized capital stock to P28 billion. It is divided into…
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Brown Unit Begins New Bulk Water Supply Project
A Brown Co. unit launched its P500-million bulk water supply project last week in Opol, Misamis under a public-private partnership scheme. AP Bulk Water Co.,…
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SBS Selling Prime Property in BGC
SBS Philippine Corp. is looking to sell another prime property that’s located in Bonifacio Global City in Taguig. SBS’s board of directors approved the sale…
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Meralco Books Increased Earnings
Manila Electric Co. reported an increase of 4% in its first-quarter core net income following a substantial jump in energy sales volume. Meralco President Oscar…
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Generika Opening 152 Drugstores this Year
Generika Drugstore is targeting the opening of 152 new stores for 2016. The company’s president and co-founder Teodoro L. Ferrer claims that they are back…
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PLDT Looking to Expand Cebu Data Center
PLDT, Inc. looks to complete data centers in Makati City and Clark, Pampanga by the middle of this year. An expansion to the Cebu facility…
