WalterMart targets more provincial stores
WALTERMART Supermarket will open at least four stores in 2020 to reach more customers in the provinces.
No Filipino employed in three POGOs with thousands of workers
THREE service providers of Philippine offshore gaming operators (POGOs) employed nearly 10,000 foreign workers, but no job opportunity was given to a single Filipino, data from the state gaming agency showed.
Megawide increases share buyback plan to P5B
MEGAWIDE Construction Corp. is increasing the value of its share buyback program to P5 billion and is switching the duration for the execution to be open-ended.
ERC approves Meralco’s solar power supply deal
THE Energy Regulatory Commission (ERC) has approved the power supply agreement (PSA) jointly applied for by the country’s largest power distribution utility Manila Electric Co. (Meralco) and Solar Philippines Tanauan Corp. (SPTC).
Cisco says 5G rollout to boost telco revenues
TECHNOLOGY firm Cisco Systems, Inc. (Cisco) said the rollout of fifth-generation (5G) network services in the Philippines could increase the annual revenues of telecommunications companies by as much as $650 million beginning 2025.
Bloomberry Resorts net income up 38% to nearly P10B
Bloomberry Resorts Corp. (Bloomberry) posted an attributable net income growth of 38% in 2019, driven by the robust growth of its gaming segment.
Fruitas offers new store concepts
FRUITAS HOLDINGS, Inc. (Fruitas) is expanding its business offers with the introduction of two new store concepts powered by its recent acquisitions.
DNA Holdings says it can detect COVID-19 in 3 hours
Healthcare company DNA Holdings Corp. (DNA) said it has developed a system that allows the detection of the novel coronavirus disease 2019 (COVID-19) “within three hours.”
How PSEi member stocks performed — March 4, 2020
Here’s a quick glance at how PSEi stocks fared on Wednesday, March 4, 2020.
PECO moves to stop takeover of power assets
PANAY ELECTRIC Co., Inc. (PECO) has asked the Court of Appeals in Cebu to stop the take over of its power distribution assets in Iloilo City by MORE Electric and Power Corp. after a local court issued a writ of possession in favor of the Razon-led company.
Hyundai car sales fall 27.6% amid ash fall, virus
HYUNDAI Asia Resources Inc. (HARI) vehicle sales dropped 27.6% in January as consumer demand fell because of the Taal Volcano ash fall and the new coronavirus (COVID-19) outbreak, the local distributor of the South Korean carmaker said on Tuesday.
Cemex inks loan deal with two subsidiaries
CEMEX Holdings Philippines, Inc. has signed a loan facility with two of its subsidiaries using the proceeds from its recently concluded stock rights offering (SRO).