Ty-led GT Capital’s earnings slump 26% on COVID-19 impact
GT Capital Holdings, Inc. (GT Capital) booked a 26% drop in net income for the first quarter as the coronavirus disease 2019 (COVID-19) pandemic took a heavy toll on the profits of nearly all its business units.
New PRC building to rise in Vermosa Estate
AYALA Land, Inc. (ALI) has broken ground for the three-story office building of the Philippine Red Cross (PRC) Cavite Chapter headquarters inside its sixth-largest...
Upson posts 33% higher income
LISTED information technology retailer Upson International Corp. booked a net income of P537.86 million in 2022, higher by 33.3% than the P403.64 million reported in the...
Sta. Lucia Land income up 7.5% on higher sales
LISTED property developer Sta. Lucia Land, Inc. recorded a 7.5% increase in its first-quarter (Q1) net income to P1.35 billion from P1.26 billion last year,...
Retailers optimistic, but wary of rising fuel cost
LOCAL retails are optimistic about their recovery prospects as mobility restrictions ease, but the effects of the Russia-Ukraine conflict have brought uncertainty as rising fuel prices weigh down businesses.
Local SMEs to hike investments in digital technology — survey
SMALL and medium enterprises (SMEs) in the Philippines are planning to increase investments in digital technologies next year, a survey by United Kingdom-based Ernst & Young Global Ltd. (EY) showed.
AllDay Supermarket opens store in Worldwide Corporate Center
ALLDAY Marts, Inc. launched its 35th branch along Shaw Boulevard in Mandaluyong City in line with the Villar-led supermarket’s goal to grow its store network to 100 by 2026.
SEC warns of illicit use of its logo
THE Securities and Exchange Commission (SEC) told the public to refrain from engaging with online pages that appropriate its official logo on social media for exploitative reasons.
PSALM raises power capacities of two electric utilities in Mindanao
State-led Power Sector Assets and Liabilities Management Corp. (PSALM) allotted more power capacities to two rural electric utilities in Mindanao to ensure a steady supply in their service areas under enhanced community quarantine (ECQ) to contain the coronavirus disease 2019 (COVID-19) pandemic.
Finance chief tells local firms: Spend more for digitalization
PRIVATE firms in the country should invest more in digitalization and innovation to remain competitive as technological advancements accelerates because of the coronavirus pandemic, Finance Secretary Carlos G. Dominguez III said.
Cebu Pacific orders 31 Airbus jets worth $6 billion
LE BOURGET — Airbus struck a $6-billion plane deal with Philippines budget airline operator Cebu Air on Tuesday, extending its lead on orders at a subdued Paris Air Show as rival Boeing struggles following the grounding of its top-selling jet.
Advocacy group tells Meralco to ‘go green’
MANILA ELECTRIC CO. (Meralco) should turn to renewable energy supply for its upcoming round of procurement, according to clean energy advocates.