San Miguel Corp. Plans New Power Plants
San Miguel Corp. has plans to build two new power plants in Luzon, as well as three in Mindanao. This will provide the publicly listed conglomerate with an extra capacity …
Emperador Bringing Brandy to Foreign Soil
Emperador, Inc. is looking to bring its homegrown brandy to markets outside of the Philippines. Its potential targets include other Asian markets as well as the United States. This follows …
COSCO Boosted by Consumer Spending
Cosco Capital revealed that its net profit managed to grow by 11% during the year’s first quarter. The net profit is boosted by the strength of its expanding grocery, liquor …
SM Prime Opens 58th Mall in the Philippines
SM Prime Holdings, Inc. opened its 58th mall on Friday. SM Prime revealed in a statement that SM City Trece Martires is also the fifth mall in the Cavite province. …
AirAsia Resuming Manila-Shanghai Flights
Budget carrier Philippines AirAsia plans on resuming direct flights from Manila to Shanghai sometime in June. This is part of the company’s plans to expand its international network all the …
Steady Residential Sale Boost Bottom Line of Property Firms
The steady growth in residential sales and strong rental expansion within the rental business meant only good things for some of the country’s biggest real estate developers. The strength of …
Philippine Seven Net Profit Rise by 61.6%
The Philippine operator of 7-Eleven convenience stores is drawing strength from spending related to the recent elections. Net profit has risen upwards to 61.6% for the first three months of …
Metro Manila Property Market Stabilizing
Property developers are preparing for the launch of more real estate projects in 2016 after a contraction witnessed in 2015. The Metro Manila market is expected to stabilize after a …
Alliance Select Foods Beefing Up Ops in General Santos
Alliance Select Foods International, Inc. is reallocating portions of recent fundraising exercise proceeds to beef up operations in General Santos City. The company secured approval from the board to use …
Semirara Profit for First Quarter Rises by 16%
Semirara Mining and Power Corp. stated on Tuesday that earnings in the first quarter rose by 16%. This was made possible despite lower revenues from its power generation subsidiary. In …