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Appetite for chicken, fresh meat boosts San Miguel Pure Foods' income
MANILA, Philippines – San Miguel Pure Foods Company Incorporated (SMPFC) saw its net income surge by 16% to P6.9 billion in 2017, after it delivered a higher volume of poultry, fresh meats, and other...
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Cebu's Alegria Oil Field to begin commercial production
MANILA, Philippines – Production of natural gas and oil from the Alegria Oil Field in southern Cebu is set to begin, over 8 years after a Chinese firm started its drilling activities in 2009.Energy...
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P50 billion earmarked for Ortigas East property development
MANILA, Philippines – Land developer Ortigas & Company announced plans to redevelop its Frontera Verde property along Ortigas Avenue and Julia Vargas Avenue into a new estate which it envisions as...
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Petron is main income driver of San Miguel in 2017
MANILA, Philippines – San Miguel Corporation (SMC) saw its recurring net income increase to P54.6 billion in 2017 on the back of strong growth of its oil unit Petron Corporation as well as its food and...
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PH, Japan sign P51-B loan deal for phase 1 of Metro Manila Subway
MANILA, Philippines – The Metro Manila Subway project is another step closer to getting underway after the Philippines and Japan signed the first of a planned series of loan agreements.Finance...
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Customs assigns new district collectors in 'major reshuffle'
MANILA, Philippines – In what it called a "major reshuffle," the Bureau of Customs (BOC) has assigned new district collectors in several major ports to replace officials who failed to meet the February...
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Cebu's Alegria Oil Field can power 60-megawatt gas plant – DOE
MANILA, Philippines – The Alegria Oil Field in southern Cebu can power a 60-megawatt (MW) gas plant, said Energy Secretary Alfonso Cusi."Initial study shows that it can support a 60-MW plant. They are...
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INFOGRAPHIC: How companies can unlock gender equality in the workplace
MANILA, Philippines – How can companies create a more equitable working environment?Strategy and consulting firm Accenture identified 40 workplace factors – 14 of which are critical in helping foster...
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Netflix partners with TV5 to stream 1st Philippine series
MANILA, Philippines – American content streaming giant Netflix Incorporated has partnered with TV5 Incorporated to stream its first Philippine-produced series: Amo (Boss).Directed by Brillante Mendoza,...
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Manila Pavilion operator's stocks plunge after fire
MANILA, Philippines – The listed operator of the Waterfront Manila Pavilion Hotel & Casino took a beating on the Philippine Stock Exchange (PSE) on Monday, March 19, a day after a fire that left at...
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Alibaba doubles investment in southeast Asia e-commerce firm Lazada
SHANGHAI, China – Chinese e-commerce giant Alibaba said on Monday, March 19, it will appoint one of its founders as head of Lazada and inject another $2 billion into Southeast Asia's leading online...
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Megaworld to turn over 2,300 condo units in Fort Bonifacio in 2018
MANILA, Philippines – Megaworld Corporation will turn over P30 billion worth of residential projects in Fort Bonifacio, Taguig City throughout 2018, its biggest inventory in a year.Megaworld told the...
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Beep cardholders now allowed to reload using Coins.ph
MANILA, Philippines – The use of digital currencies as payment for commuting in the Philippines has taken a step forward.AF Payments Incorporated, the developer of contactless tap-and-go cards dubbed...
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Leisure & Resorts World Corp buys land for Boracay resort-casino
MANILA, Philippines – Listed gaming firm Leisure & Resorts World Corporation recently bought a 23-hectare land in Boracay to build an integrated resort and casino.This is amid the government's plan...
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Davao Oriental, Pionaire sign MOU for $27-B industrial park
DAVAO CITY, Philippines – Davao Oriental has signed a memorandum of understanding (MOU) with a Hong Kong-based foreign firm for a $27-billion industrial park that a neighboring province thumbed down...
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LBC buys into 2 logistics firms to strengthen lead
MANILA, Philippines – LBC Express Holdings Incorporated is acquiring stakes in two logistics companies in a bid to strengthen its position as the country's leading firm for courier services, cargo...
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Dennis Uy-led Chelsea Logistics to expand into infrastructure
MANILA, Philippines – Chelsea Logistics Holdings Corporation, the listed transport and logistics company of businessman Dennis Uy, is venturing into infrastructure and plans to raise funds for its...
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Bank schedules for Holy Week 2018
MANILA, Philippines – Here is a list of the schedules of various banks for Holy Week.This list will be updated as banks announce their schedules.Bank of the Philippine Islands (BPI)Maundy Thursday,...
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PCC approves deal to build gov't admin center at New Clark City
MANILA, Philippines – The Philippine Competition Commission (PCC) approved a joint venture proposition that would pave the way for the proposed National Government Administrative Center (NGAC) to rise...
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PH travel, tourism sectors girding for planned Boracay shutdown
MANILA, Philippines – The Philippine travel and tourism sectors are girding for the planned shutdown of Boracay Island,the country’s top tourist draw.As President Rodrigo Duterte decides on a...
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