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 of greater raw sugar revenues. …
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 P730 million will be invested …
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 purchase agreement has been entered …
PLDT to Expand Partnership with Facebook
PLDT is looking to secure other areas of collaboration with social media giant Facebook. In an attempt to increase internet adoption among Filipinos, PLDT Chairman and CEO Manuel V. Pangilinan …
Manila Water Allots P20B for the Next Two Years
Manila Water Co. is earmarking P20 billion for capital expenditures this year and the next. The East Zone concessionaire aims to double 2015’s nearly P6 million revenue by 2020. The …
Two Satellite Plants Sent to Masbate by DMCI
DMCI, an off-grid electricity supplier, has deployed two satellite diesel-fired plants to Masbate. The satellites have a combined capacity of 175 megawatts, which ensures that enough reliable power will be …
Macay Preparing for Potential Share Sale
Macay Holdings Inc. is gearing up for a potential share sale after moving to boost its capitalization to support future capital requirements. The company managed to secure board approval on …
AXA Takes Over Charter Ping An
AXA Life Insurance Corp.’s planned takeover of Charter Ping An Insurance Corp has finally been completed. The intention to acquire Charter Ping An was first announced back in November of …
Property Firms Eyed for MCIA Mixed-Use Project
Megawide Construction Corp. and the Bangalore-based GMR Infrastructure Ltd. plan on talking with property developers by June. The purpose of these talks is Mactan-Cebu International Airport’s mixed-use component, which is …
ALI Plans to Raise P7 Billion Through Fixed-Rate Bonds
Property Giant Ayala Land plans on raising P7 billion by issuing fixed-rate bonds. This will form the second tranche of its P50 billion debt securities program. Net proceeds is expected …