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Listed firms hike profit as online trade grows

The Philippine Stock Exchange in Makati City. (TMM file photo)

By Riza Lozada Listed companies had a combined net income of P683 billion in 2016, higher by 17.8 percent from P580.15 billion in 2015 as a result of improved business operations and lower costs, Philippine Stock Exchange (PSE) data showed. 

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PAL returns to KL after 3-year hiatus

Philippine Airlines (PAL) Chairman Dr. Lucio C. Tan (third from left) led the traditional ribbon-cutting ceremony to mark the reopening of PAL’s daily flight to Kuala Lumpur. PAL last flew to the Malaysian capital in 2014. Others in photo are (from left) Marianne Raymundo, PAL COO; Fazdila Mansor, tourism attaché of the Malaysian Embassy; Dr. Tan; Irene Montalbo, Ninoy Aquino International Airport (Naia) Terminal 2 Manager; Stewart Lim, PAL executive vice president and treasurer; Ismael Augusto Gozon, PAL senior VP for airline operations; and Emilio Yu, special assistant to the PAL Chairman.

After an absence of three years, flag carrier Philippine Airlines (PAL) resumed daily services to Kuala Lumpur, Malaysia on June 8. 

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ICTSI exec cites need for Georgia ports development

At the 6th Black Sea Ports Conference and Exhibit: (from left) Hans-Ole Madsen, ICTSI senior vice president and head of the EMEA region, joins Zurab Pataradze, Adjara Autonomous Republic chairman; Murat Jumadillaye, BSPL director-general; and Rory Doyle, Transport Events Management managing director for the ribbon-cutting ceremony.

Georgian ports need to improve their services and logistical connectivity to maintain the country’s position as a key transit corridor for the Caucasus, Jacob Gulmann, ICTSI Europe, Middle East and Africa Business Development Director, said during his presentation at the 6th Black Sea Ports Conference and Exhibit held last May 18 to 19 at the Sheraton Batumi Hotel in Adjara, …

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SMC launches key NAIAx road project

Travelers bound for Ninoy Aquino International Airport (Naia) Terminals 1 and 2 can now reach them faster with the opening of the Naia Expressway Phase II Project by the Department of Public Works and Highways (DPWH) on Sept. 22. The elevated expressway connects Naia Terminals 1 and 2 from Diosdado Macapagal Avenue in Pasay City and serves as a faster route instead of going through the highly congested Aurora Boulevard, Airport Road, Domestic Road and Naia Road. AVITO C. DALAN/PNA

Asian conglomerate San Miguel Corp. (SMC) officially inaugurated its 7.7-km elevated NAIA Expressway Phase II project (NAIAx), which is currently providing ease of access to and from the country’s busiest gateway, during a late night ceremony onsite that saw the government’s economic managers touting its thrust to further build on the country’s gains via its “Build, Build, Build” program. 

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Cebu Pac flyers up 2.6% to 1.817 million in April


Listed budget airline Cebu Pacific (CEB) saw passenger growth bounce back in April, as summer went into full swing and on the back of the traditional Lenten break and four-day long Labor-Day weekend. 

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Globe confident of rise in broadband demand

Senior Vice President of Globe at Home Martha Sazon.

Listed phone giant Globe Telecom remains optimistic on the growing demand for home broadband Internet amid the latest Akamai Report that showed improvement of broadband speed and adoption in the country. 

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Unilever, First Gen ink renewable energy pact


Unilever Philippines has signed an agreement with Lopez group power arm First Gen Corp. through its licensed Retail Electricity Supplier, First Gen Energy Solution Inc., for the supply of renewable energy to Unilever’s Paco and Pasig facilities. 

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Cebu Landmasters raise P2.9B from IPO

(from left) Cebu Landmasters, Inc. Director Aurora Geotina-Garcia; Cebu Landmasters, Inc. Marketing Manager Janelle Mae Soberano; Jose Gabrielle Soberano; Cebu Landmasters, Inc. Vice President and Marketing Director Joanna Marie Soberano-Bergundthal; Cebu Landmasters, Inc. Senior Vice President and Chief Operating Officer Jose Franco B. Soberano; Cebu Landmasters, Inc. Executive Vice President and Treasurer Ma. Rosario B. Soberano; Cebu Landmasters, Inc. Chairman and President & CEO Jose R. Soberano III; PSE Chairman Jose T. Pardo; PSE President and CEO Ramon S. Monzon; PSE Director Ma. Vivian Yuchengco; PSE Chief Operating Officer Roel A. Refran; PSE Treasurer Omelita J. Tiangco and PSE Director Alejandro T. Yu.

By Riza Lozada Property developer Cebu Landmasters Inc. (CLI) targets to double its land assets following the success of its initial public offering (IPO), which allowed the property developer to raise P2.9 billion. 

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Vitarich profit soared 25% to P47.6M in Q1


Agribusiness pioneer Vitarich Corp. posted record gains in 2016 and the first quarter of 2017, effectively sustaining its growth momentum in the last few years while gearing up for expansion in Luzon, Visayas, and Mindanao.

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Alsons says martial law has no effect on operations

Tomas Alcantara

The declaration of martial law in Mindanao has not, in any way, affected the operations of Alsons Power, the company’s chairman and president Tomas Alcantara said. 

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