Billionaire Gabby Lopez is leaving his family’s business empire, two months after its crown jewel, ABS-CBN Corp. was shut down by Congress. In a statement, ABS-CBN said the 68-year old Lopez has resigned for “personal… Read More »Lopez leaves ABS-CBN and other companies
The consortium led by Megawide Construction Corp. and Korean firms Hyundai Engineering & Construction Co. Ltd. and Dong-ah Geological Engineering Co. Ltd. has been awarded a phase 1 construction deal for the Malolos-Clark railway project… Read More »Megawide bags Malolos-Clark Railway contract
DITO Telecommunity Corp. is investing P1 billion in cybersecurity solutions this year from 12 technology firms based in the United States, a company official said on Thursday after several groups questioned its ties with a… Read More »DITO investing P1 Billion in Cybersecurity
Ayala Real Estate Investment Trust (AREIT) Inc., has bought an office building in Cebu City using P1.45 billion from the proceeds of its recent public offering. In disclosures to the Philippine Stock Exchange(PSE) on Wednesday,… Read More »AREIT Expanding in Cebu
The Air Carriers Association of the Philippines (ACAP) on Monday said about P700 million had been allocated for local airlines from the law that sets out the government’s recovery plan in response to the coronaconomy,… Read More »Airlines to receive loan from Bayanihan 2
Villar-led AllHome Corporation observed growth in sales in home appliances and essential items amid the pandemic, as consumers resumed home improvement projects and select businesses started reopening. In a statement, AllHome vice-chairman Camille Villar said… Read More »AllHome reports sales growth
Pepsi Cola Products Philippines Inc.,(PCPPI) listed in the exchange as $PIP, which is majority-owned by South Korea’s Lotte Chilsung Beverage Co. Ltd., said Thursday it will delist its shares from the Philippine Stock Exchange. The… Read More »Pepsi Cola PH to Delist from the Exchange
Philippine Infradev Holdings Inc. said Wednesday that a subsidiary signed a $1.2-billion engineering, procurement, and construction contract(EPC) with China Construction Second Engineering Bureau Co. Ltd for the construction of the Makati Subway Project. Philippine Infradev,… Read More »Philippine Infradev Holdings Inc and Chinese builder to construct Makati Subway
VIA optronics AG a subsidiary of Integrated Micro-Electronics, Inc. (IMI) is planning to list at the New York Stock Exchange through an initial public offering. Ayala-led company IMI said in a disclosure on the Philippine… Read More »IMI subsidiary VIA to list at the NYSE
Universal Robina Corporation’s (URC) Jack n Jill Fun-O snatches the number No. 1 Brand in Thailand award for 2019-2020, Biscuits, and Crackers categories. In a nationwide survey conducted by Marketeer Magazine in partnership with Kadence… Read More »URC number one brand in Thailand