Ayala Land opens 100,000-sq.m. Arca South mall in Taguig
AYALA LAND, INC. has opened Ayala Malls Arca South in Taguig as part of its strategy to expand recurring income streams through its leasing...
LT Group may delay PHC listing, reviews capex plans amid volatility
LT GROUP, INC. said it may delay the planned listing by way of introduction of PNB Holdings Corp. (PHC) amid market volatility and geopolitical...
Monde Nissin Q1 income rises 11% on stronger sales
MONDE NISSIN CORP. reported an 11.34% increase in its first-quarter (Q1) attributable net income to P3.25 billion, driven by higher revenues from its domestic...
Udenna sell-down seen as liquidity-management move
ANALYSTS said Udenna Corp.’s disposal of 210 million DITO CME Holdings Corp. shares appears to be a liquidity-management move that could help improve the...
Weaker demand, shadow supply seen pressuring Cebu office market
PROPERTY consultancy firm CBRE Philippines said slowing take-up and looming shadow supply are expected to pressure rental rates and occupancy in Cebu’s office sector.
In...
SM Prime to add retail, amenities to Susana Heights estate
SM PRIME Holdings, Inc. is redeveloping parts of Susana Heights Village as it sees sustained demand for premium suburban residential lots despite broader macroeconomic...
Robinsons Land to build Grand Summit hotel in Bohol
ROBINSONS LAND CORP. (RLC) is expanding its hospitality business in tourism destinations with the development of a new Grand Summit hotel in Panglao, Bohol.
In...
D&L Q1 earnings boosted by non-food businesses
D&L INDUSTRIES, Inc. reported a 5% increase in first-quarter (Q1) net income to P717 million, driven by margin improvements and stronger domestic demand despite...
SMFB Q1 income climbs 2% on food, spirits growth
SAN MIGUEL Food and Beverage, Inc. (SMFB) posted a 2% increase in first-quarter (Q1) net income to P11.8 billion, driven by growth in its...
MGEN drops plan to join Semirara mine auction
MERALCO PowerGen Corp. (MGEN), the power generation arm of Manila Electric Co. (Meralco), said it will no longer directly participate in the upcoming auction...
First Gen Q1 income falls 24% as expenses outpace revenue growth
LOPEZ-LED First Gen Corp. reported a 23.9% decline in first-quarter attributable net income to P3.63 billion after expenses grew faster than revenues during the...
Mitsubishi to invest P7 billion in Laguna hybrid EV plant
MITSUBISHI MOTORS Philippines Corp. (MMPC) said it plans to invest P7 billion in a hybrid electric vehicle (HEV) manufacturing facility in Sta. Rosa, Laguna,...