Axelum Resources ramps up coconut milk powder output
COCONUT EXPORTER Axelum Resources Corp. has strengthened its coconut milk powder production after projecting the segment will be vital to its future plans.
Coca-Cola Philippines appoints new country president
COCA-COLA Philippines has appointed its new country president Antonio “Tony” V. Del Rosario, Jr. to head the local unit of the global beverage brand starting January.
Ayala-KTM venture to export 80% of motorcycle output next year
THE Ayala-KTM partnership plans to export 80% of 12,000 motorcycles next year, Ayala Corp. Chairman and Chief Executive Officer Jaime Augusto Zobel de Ayala said.
SFA Semicon books higher net income
SFA Semicon Philippines Corp. posted a net income of $8.45 million after tax in the first nine months, almost triple the $2.86 million it registered in the same period last year.
IBSI authorized capital stock hiked by P30 million
THE COUNTRY’S corporate regulator has approved the P30-million increase in the authorized capital stock of outsourcing services company Infopro Business Solutions, Inc. (IBSI), data from the local bourse showed.
How PSEi member stocks performed — December 10, 2020
Here’s a quick glance at how PSEi stocks fared on Thursday, December 10, 2020.
MPIC, KIT to acquire petroleum storage facility
METRO PACIFIC Investments Corp. (MPIC) has partnered with Keppel Infrastructure Trust (KIT), a business trust listed in Singapore, to acquire a company that operates the “largest” petroleum products import terminal in the Philippines, the former announced on Wednesday.
FHC wins bid for 25-year lease to develop hotel in Baguio City
FILINVEST HOSPITALITY Corp. (FHC) won a bid for a 25-year lease to develop a 200-room hotel in Baguio City under an agreement with the Bases Conversion and Development Authority (BCDA) and the John Hay Management Corp.
Cebu Pacific offers ‘piso sale’ as it seeks to boost air travel
CEBU PACIFIC said on Wednesday it would have to continue its efforts to boost air travel as the budget carrier cannot afford to wait for a coronavirus vaccine.
Solar Philippines targets 1 GW in projects next year
SOLAR PHILIPPINES plans to build over 1 gigawatt (GW) of projects in Batangas, Cavite, Nueva Ecija and Tarlac next year, in a bid to boost the country’s installed solar capacity, the company said on Wednesday.
Century Pacific extends contract with Vita Coco
FOOD manufacturer Century Pacific Food, Inc. (CNPF) has extended its long-term agreement with coconut water brand Vita Coco.
LIMA Estate to be expanded
ABOITIZ GROUP’S Lima Land, Inc. will expand its Batangas estate to bring in more industrial locators and create around 20,000 jobs.