Ayala Land Inc. (ALI) posted a net income of P17.8 billion in the first nine months of 2017, growing 18% year-on-year with the consistent and strong performance of its diverse business units. Its consolidated revenues registered at P98.9 billion, 16% higher compared to the P85.49 billion it earned in the same period in 2016. The company’s robust growth fuels its …

The Metro Manila Subway Project (MMSP) remains on track, the Transportation department said as it denied a report that the start of construction could be pushed back to December next year.

Boeing predicts rising air traffic across Southeast Asia will spur demand for commercial aircraft. Fueled by higher economic growth in the region, air traffic is expected to rise by 7.2 percent a year until 2036 and this will see airlines expand their fleets to better serve demand, said Jim Freitas, managing director, product marketing and analysis Boeing Commercial Airplanes.

Shanghai – Just ahead of US President Donald Trump’s visit to China, the Federal Aviation Administration (FAA) signed an airworthiness certification deal that effectively opens the door to Chinese sales of airplanes to the US and other countries.

San Miguel Corporation’s unsolicited proposal to put up a P700-billion airport in Bulacan is moving up the review and approval process by the technical board of the National Economic and Development Authority-Investment Coordination Committee (NEDA-ICC), the country’s economic planning head said.

Transport-network company Uber said ride-sharing services can reduce the volume of private vehicles on Metro Manila roads by about a million, easing traffic congestion in the metropolis.

The Securities and Exchange Commission (SEC) last Wednesday filed a criminal complaint before the Department of Justice (DoJ) against agri-business firm Calata Corp. as a result of the company’s violation of the securities code.

Construction equipment supplier Holcim Philippines, Inc. held a series of meetings last October with key stakeholders in the public and private sector to share innovative approaches and technologies that can help cut costs, speed up construction and improve durability of structures in the nationwide upgrade of infrastructure.

By Riza Lozada Local leisure company Bloomberry Resorts Corp. reported consolidated third quarter profit of P1.852 billion was 31 percent higher year-on-year mainly driven by a 46 percent year-on-year improvement from Solaire that was muted by a swing to net loss by the Korean operations.

Global port operator International Container Terminal Services Inc. (ICTSI) posted a net income of $149.3 million, up five percent from $141.9 million a year ago due to the continuing ramp-up at the new terminal in Matadi, Democratic Republic of Congo (DRC); strong operating income contribution from the terminals in Iraq, Mexico, Honduras, Brazil and Madagascar; and the one-time gain on …