Filinvest completes Cebu property purchase
A consortium led by Filinvest Land, Inc. (FLI) has completed buying a 19.2-hectare property in South Road Properties (SRP) in Cebu City yesterday, which it plans to develop into a mixed-use development project.
Tourist arrivals boost sales of Duty Free Philippines
Duty Free Philippines Corp. (DFPC) doubled its sales growth in 2019 after a spike in tourist arrivals attributed to the Southeast Asian games and the rehabilitation of Boracay Island.
Bulacan airport set to break ground next week
THE Department of Transportation (DoTr) on Wednesday said the groundbreaking for the Bulacan airport project will finally push through next week.
Labor shortage seen to lift workers’ pay
DMCI HOLDINGS, Inc. Chairman and President Isidro A. Consunji expects construction workers’ take home pay to increase as the construction industry experiences labor shortages.
Megaworld unit expects P1.4-B sales from Tanza project
MEGAWORLD CORP. subsidiary Global-Estate Resorts, Inc. (GERI) recently launched a 17-hectare residential project in its Arden Botanical Estate in Tanza, Cavite, where it expects to raise P1.4 billion in sales from the project’s first phase.
How PSEi member stocks performed — January 8, 2020
Here’s a quick glance at how PSEi stocks fared on Wednesday, January 8, 2020.
Baguio prepares to reopen city’s airport
THE Baguio City government is looking to reopen the Loakan Airport for commercial flights by the second quarter of the year, its top official said on Tuesday.
Gokongwei’s JG Summit buys more shares in PLDT
JG SUMMIT Holdings, Inc. has acquired a bigger stake in PLDT, Inc. to give it at least a 10th of the shares in the telecommunications services provider, the Gokongwei-led firm told the stock exchange on Tuesday.
Grab Philippines seeks approval to revive motorcycle taxi service
RIDE-HAILING firm Grab Philippines is seeking to revive its motorcycle service, Grab Bike, to help provide “affordable and agile transport solutions” to commuters.
BDO investment chief expects 13% stock surge this year despite existing risks
PHILIPPINE stocks will see a turnaround in 2020 as faster economic growth and central-bank easing will offset regulatory and geopolitical risks, according to the nation’s biggest money manager.
Roxas and Co. sells Batangas property to boost its finances
ROXAS and Co., Inc. (RCI) has sold its key real estate assets in Batangas worth P282 million in line with its efforts to improve its net income for the year and to reduce its debt.
JoyRide readies Cebu expansion
JOYRIDE plans to expand outside Metro Manila and set up shop in Cebu ahead of the March 23 termination of the study that allows motorcycle taxis to operate.