Philippine Updates

  • Alibaba’s Lazada Buy Doesn’t Faze Local Firms

    Local e-commerce players remain unfazed by Alibaba Group Holding Ltd.’s acquisition of Lazada Group SA. In fact, they are investing in logistics to ramp up…

  • Alson Coal Plant Waiting for Green Light

    It was announced on Monday that the Alsons Power Group’s Sarangani Energy Corporation had completed key tests for its first 105 megawatt coal-fired power plant.…

  • San Miguel Set to Begin Development of MRT-7

    The San Miguel Corp. is set to begin working on big-ticket infrastructure projects this year. One project is the already-delayed expressway project that would connect…

  • Ortigas & Co. to Accelerate Spending

    There are plans to accelerate spending once Ortigas & Co.’s master plan for its mixed-use projects is finalized. In an interview last week, president and…

  • Philippines Aiming to Increase Fishing at Benham Rise

    The Department of Agriculture wants to increase the Philippines’ physical control of the Benham Rise by encouraging fishing communities on the east coast to fish…

  • Puregold Profit Lifted to P5B

    The earnings of Puregold Price Club, Inc. managed to climb by a tenth due to robust consumer spending. Same-store sales growth accelerated to its fastest…

  • GERI Profit Surge Fueled by Real Estate Sales

    Global-Estate Resorts, Inc., otherwise known as GERI, has benefited from record real estate sales. The subsidiary of Megaworld Corp. increased its net profit by a…

  • VMC Earnings Rose by 4% in First Half

    Victorias Milling Co., Inc. saw a 4% increase in revenue for the fiscal year’s first half. The rise is speculated to be on the back…

  • Discovery World Pouring P730M in El Nido Resort

    The development of Discovery World’s third tourism estate started last Tuesday. This started in order to take advantage of the country’s growing tourism industry. Around…

  • Far Eastern University Taking Over Roosevelt College

    Far Eastern University, Inc. plans on taking over Roosevelt College at a lowered price, in line with the ongoing consolidation in the industry. A share…