Aboitiz said to weigh sale of minority stake in Pilmico
Philippine conglomerate Aboitiz Equity Ventures Inc. is considering a sale of a minority stake in its animal feed business Pilmico Foods Corp., people familiar...
Ayala Land income down 74% to P8.7B last year
AYALA LAND, Inc. (ALI) on Wednesday reported a 74% fall in net income for 2020 to P8.7 billion after a double-digit decline in consolidated revenues, but said its performance “improved steadily” towards yearend.
SEC approves Aboitiz firm’s bonds, medical center’s IPO
THE Securities and Exchange Commission (SEC) has approved Aboitiz Power Corp.’s bond offering and has greenlit Allied Care Experts (ACE) Medical Center-Palawan, Inc.’s initial public offering (IPO).
GNPower Mariveles coal plant unit goes on unplanned outage
ABOITIZ Power Corp. said on Wednesday that a unit of its 632-megawatt (MW) pulverized coal-fired power plant in Mariveles, Bataan went on an unexpected shutdown due to a damaged boiler.
2GO starts servicing firms with ‘alternative to air freight’
2GO Group, Inc. said it has started servicing pharmaceutical and e-commerce companies with its “alternative to air freight” called 2GO CabinCargo.
Mondelez, Plastic Flamingo partner for recycling push
SNACK maker Mondelez Philippines, Inc. has partnered up with social enterprise The Plastic Flamingo (PLAF) in collecting and recycling 40 metric tons or 40,000 kilos of plastic waste, which would be used in the latter’s production of eco-lumber material for disaster relief shelters.
Greenergy enters subscription agreement with Ocean Biochemistry
GREENERGY Holdings, Inc. has entered into a subscription agreement with Ocean Biochemistry Technology Research, Inc. (OBTRI).
Century Pacific launches plant-based food line unMEAT
LISTED food products maker Century Pacific Food, Inc. has introduced a 100% plant-based food line called “unMEAT” that caters to consumers who are choosing a healthier diet.
Aboitiz firms harness data science, AI to reduce emissions
TWO Aboitiz-led companies have adopted data science and artificial intelligence (DSAI) in their business operations to curb emissions and increase efficiency, the group said in a press release on Wednesday.
How PSEi member stocks performed — February 24, 2021
Here’s a quick glance at how PSEi stocks fared on Wednesday, February 24, 2021.
Yamaha allots nearly P3 billion for manufacturing expansion
YAMAHA MOTOR Philippines, Inc. has launched a P2.7-billion factory expansion at the Lima Technology Center in Batangas to increase its Philippine manufacturing operations.
Coca-Cola to invest P3 billion to boost production in Luzon
THE Coca-Cola Company plans to invest an initial $63 million (around P3 billion) in its Philippine operations this year to expand Luzon-based production.