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 pace in the last four …
Tim Draper Raises $190 Million for New Venture Fund
Tim Draper has announced that a brand new $190 million early-stage fund has been raised. Draper is set to co-lead this new fund with his son, Billy, along with Andy …
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 yearly 39% to P667 million …
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. …
US Retirement Savings Law Putting ‘Customers First’
The US Labor Department announced sweeping rules last Wednesday that may transform the financial advice given to those saving up for retirement. Brokers and advisers are now required to place …
How to Ensure a Disability-Friendly Work Environment
It was former United States president Abraham Lincoln who declared, “Nearly all men can stand adversity, but if you want to test a man’s character, give him power.” Sure, it …
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 …