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ICTSI is the preferred bidder to operate Sudan port

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said it has been chosen by the government of Sudan to handle the operations and management of the South Port Container Terminal (SPCT).

Vista Land signs P7.7-B corporate note facility

VISTA Land & Lifescapes, Inc. (VLL) has secured corporate note facilities totaling P7.7 billion to fund its capital expenditures this year.

Philippine Seven Q2 earnings jump

THE local licensee of the 7-Eleven convenience store chain saw its net income jump by 18.9% in the second quarter of 2018, driven by higher sales and more operating stores for the period.

Philweb trims losses by 76% in second quarter

Philweb Corp. trimmed its net loss attributable to equity holders of the parent by 76% in the second quarter of 2018, after its revenues...

VLL signs corporate notes facility worth P7.7 billion

Vista Land & Lifescapes, Inc. (VLL) has secured corporate note facilities totaling P7.7 billion to fund its capital expenditures this year. In a disclosure to...

Globe board approves creation of independent tower company

Globe Telecom Inc. said its board of directors approved the plan to establish a new company for its tower assets. The telecommunications company said in...

Velasquez takes over PT&T

PHILIPPINE Telegraph and Telephone Corp. (PT&T) has formalized the election and appointment of James G. Velasquez as the company’s new president and chief executive officer, replacing Benjamin M. Bitanga.

Century Properties to distribute P200M in dividends in July

CENTURY Properties Group, Inc. (CPG) has allocated a total of P200 million in dividends to be distributed to its shareholders by July 6.

Shakey’s aims to expand beyond brand offerings

Shakey’s Pizza Asia Ventures, Inc. (SPAVI) is set to expand its product offerings, after proposing to shareholders that it be allowed to contract deals...

GT Capital core net income jumps 29%

GT Capital Holdings, Inc. delivered higher core earnings last year driven by its automotive, banking and infrastructure businesses. The holding firm of tycoon George S.K....

SEC fines PSE over ‘misleading’ disclosure

By Arra B. Francia, Reporter THE country’s corporate regulator has penalized the Philippine Stock Exchange (PSE) over an “inaccurate, incomplete, and misleading” disclosure on broker...

LBC acquires two logistics firms

LBC Express Holdings, Inc. (LBC) is propping up its logistics business with the acquisition of two firms on Tuesday, March 20, valued at a...

NLEX Corp. to raise P25 B through fixed rate bonds

A TOLLWAY unit of Metro Pacific Investments Corp. (MPIC) plans to raise P25 billion through the issuance of fixed rate bonds, with P6 billion...

Atlas Mining posts P1.97 billion net loss

ATLAS Consolidated Mining and Development Corp. reported that its consolidated net loss ballooned by 124% in 2017, to P1.97 billion, despite its production rebounding...

Melco revenues up 15.7%

THE developer of City of Dreams Manila grew its revenues by 15.7% in the fourth quarter of 2017, supported by the generally strong performance...

Anscor sells of stake in medical staffing firm

A. SORIANO Corp (Anscor) has sold the entirety of its stake in Cirrus Medical Staffing, Inc. (CMSI) for $36.85 million, it told the stock...

Harbor Star signs strikes quality inspection deal

HARBOR Star Shipping Services, Inc. has struck a deal for the quarterly inspection of its port facilities as it continues to strengthen its marine...

Nickel Asia profit surges in 1st half

LISTED Nickel Asia Corp. saw a surge in profits, breaching the P1 billion mark amid higher production on the back of improved metal prices. In...