Philippine Updates
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Robinsons Retail Profit in 2015 Increased by 22%
In 2015, the Gokongwei family’s retail holding firm raised its net profit by 22%, which is more than a fifth of the previous year. This…
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Cotabato Farmers Provided P5.8M in Government Aid
More than P5.8 million worth of help has been turned over by the government to help out farmers that belong to 16 Irrigators Associations. The…
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Garnishment Order Lifted from LBC Express Assets
The garnishment order on LBC Express Holdings, Inc.’s assets has been lifted following a Php 1.8 billion collection case filed by the PDIC. The PSE…
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Ortigas & Co. Revising Master Plan for Major Projects
Ortigas & Co. is tweaking their master plan for major projects after naming a brand new management team. This includes executives from both Sy and…
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TY Firm Aiming for Majority Stake in Profriends
Starting this year, GT Capital Holdings, the holding company for George Ty’s businesses, is raising its stake in Profriends. GT Capital President Maria Bautista revealed…
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Ayala Retail Bonds Maintain Highest Ratings
Ayala Corp maintained its excellent retail bonds. PhilRatings proclaimed that it retained the PRS Aaa credit rating for its P10 billion retail bonds, which are…
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Metro Retail Opening Seven More Stores in 2016
Metro Retail’s five-year expansion program is set to begin this year. The company plans on opening at least seven stores to take advantage of the…
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GMA Expands International Reach
GMA Network, Inc. reveals that it has partnered with two foreign pay TV operators to make its international channels available in various other parts of…
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More PPPs to be Awarded by the Government
The government plans on awarding seven more public-private partnerships before the succeeding administration takes over. This news was broken by the PPP center, despite the…
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Premiere Horizon Stake in Boutique Hotel Sold
Premiere Horizon Alliance Corp. has divested its interest in a boutique hotel-owning real estate company in Makati City. This is in line with their efforts…
