The Philippine government has increased allotted budget for 2021 infrastructure projects as the World Bank noted that the quality of road, power, and water infrastructure in the Philippines lagged behind those of ASEAN countries. The… Read More »P1.12 Trillion for 2021 Infrastructure Projects
The country’s fast-food giant Jollibee Foods Corp.(JFC) booked a net loss of P10.2 billion in the second quarter of the year, reversing its P1.04-billion profit in the same period last year. The company is bleeding… Read More »JFC Q2 net loss P10.2B
SM Prime Holdings Inc., one of the largest property developers in Southeast Asia, said on Monday disclosed a 46-percent decline in consolidated net income in the first half of 2020 to PHP10.4 billion, from PHP19.3… Read More »SM Prime profit down by 46%
Internet service provider Converge ICT Solutions, Inc. aims to connect “millions of unserved and underserved” households and businesses by 2021 as it focuses on expansion in the coming years. Dennis Anthony H. Uy, founder, and… Read More »Converge ICT boost expansion nationwide
Scam Alert! The Securities and Exchange Commission (SEC) to shutdown get rich quick scams. These companies are NOT REGISTERED with the Commission or OPERATE WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, accept or take investments/placements from the… Read More »12 New Scam Alerts! July 2020
London-based Capital Economics said that the Philippines’ gross domestic product (GDP) likely slid by almost a fifth year-on-year during the second quarter at the height of the longest and most stringent coronavirus disease 2019 (COVID-19)… Read More »Philippines’ GDP contracted by 18 percent year-on-year
The first real estate investment trust to debut on the local stock exchange has priced its initial public offering(IPO) at P27 per share. Ayala Land-sponsored AREIT IPO will offer a total of 502.57 million shares,… Read More »AREIT IPO Review
Andrew L. Tan-led company said in a statement, Tuesday, that Megaworld booked P38 billion in reservations sales for multiple residential projects in the first and second quarter of the year, with the second quarter seeing… Read More »Megaworld registered billions despite the pandemic
The consumer food and beverage giant Universal Robina Corp(URC) announced on Monday that it will venture into the manufacturing of pharmaceutical-grade alcohol amid demand surge as the country battles the coronavirus pandemic. In a regulatory… Read More »Universal Robina Corp to make disinfectant alcohol
Ayala Land-sponsored AREIT Inc. is the first real estate investment trust (REIT) to list to the local market. The Philippine Stock Exchange (PSE) has approved the initial public offering (IPO) of as much as P15.1… Read More »AREIT P15.1 Billion IPO SET