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 S. Reyes revealed in a …

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 on track to meet their …

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 is likely, as they target …

FDC Still Keen on PPP Projects

Filinvest Development Corp. is still setting its sights on infrastructure projects, all of which is under the public-private partnership program of the government. FDC Director Joseph M. Yap revealed last …

Seaoil Opening SCTEx Service Station by Q4

Seaoil Philippines is expecting its first ever “mega-station” to be operational by the fourth quarter of this year. The mega-station will be located along the Subic-Clark-Tarlac Expressway. According to Seaoil …

Facebook’s Manila Office Established

Facebook has officially opened its Manila office. The tech giant aims to connect its 49 million plus Filipino users, not only with friends and family, but also with businesses. According …

Peso Gains Strength as Oil Prices Stabilize

The peso gained strength against the dollar yesterday, reversing previous slumps. Oil prices have recovered after failed talks among various oil producing countries, which drove the commodity much lower. The …

Century Pacific Food Acquires P500M Loan

Century Pacific Food, Inc. is entering into an agreement in order to secure a five-year fixed rate term loan, which will amount to P500 million. The intended use of the …