Companies

Boracay Water marks 12th year, invests PhP 4.3B in capex

Boracay Water, a public-private partnership between the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) and Manila Water’s fully owned subsidiary, Manila Water Philippine Ventures, recently marked twelve years of providing reliable water supply and wastewater services to the country’s top tourist destination after investing more than PhP 4.32 billion in various infrastructure facilities.  Immediately after Boracay Water began its operations …

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Sustainable living for everyone

Today, living an eco-friendlier life has become much more manageable. With many simple yet effective ways to make our everyday lives more sustainable, and with many groups ready to help us take that first step toward a greener future, there is every reason to start today. Living a personal sustainable lifestyle can be impactful only if we do it together …

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LANDBANK Branch in Marawi City rises anew

Almost five years after its destruction during the Marawi Siege, the LANDBANK Marawi Branch reopened on 18 January 2022 in its new location at National Highway Amai Pakpak, National Road, Barangay Biaba Damag. The LANDBANK Marawi Branch will serve the banking needs of the city’s public and private customers, as well as the 37 neighboring municipalities in the area. “LANDBANK …

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ICTSI 2021 Net Income Up 321% to US$428.57M

Recurring Net Income 57% Higher at US$442.83M Throughput increased 10% to 11.16 million TEUsRevenues grew 24% to US$1.87 billionEBITDA 30% higher at US$1.14 billion Enrique K. Razon, Jr., ICTSI Chairman and President said: “I’m pleased to report a strong set of results for 2021. Higher volume growth and improvement in trade activities as economies have started to recover have enabled throughput to increase by …

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SM Supermalls and PHILHAIR launch National Beauty Caravan

Invites shoppers, PH hairdressers, and makeup artists to join the beauty and wellness event Fun and beautiful days ahead await mallgoers as beauty and wellness take over in 18 SM malls! Starting February 28, shoppers and beauty and wellness enthusiasts are in for a treat as SM Supermalls and the Philippine Hairdressers Association launch the National Beauty Caravan which will …

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Metrobank’s net income rises 60% to P22.2 billion in 2021

Increases regular dividends and issues special dividends on strong capital position Metrobank’s net income rose by 60% to P22.2 billion in 2021. Earnings more than doubled to P6.0 billion in the fourth quarter of 2021, boosted by the decline in provisions as the loan portfolio stayed healthy. Robust fees and other income as well as lower operating expenses further drove …

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Century Properties Group lists 5 year bond

P3 Billion Proceeds to Boost Affordable Housing Business Century Properties Group, Inc. (CPG:PM) lists its 5-year P3 billion bond at the Philippine Dealing & Exchange Corp. (PDEx) after a successful market take up of the P2 billion base offer size and P1 billion oversubscription option. “This recently concluded capital markets deal has been encouraging as it reflects a more upbeat …

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SM Foundation, UNIQLO upgrade seven community health facilities

As the country faces the dire effects of the pandemic, the importance of access to quality healthcare become more apparent. Community based health care facilities became an important resource in managing not only the pandemic, but also provide primary care to illnesses. However, in countries with decentralized health systems like the Philippines, the quality and effectiveness of Barangay Health Facilities …

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Web stores seen to rise 56% in 2022

E-commerce brands in the Philippines and Southeast Asia are reportedly increasing their Direct-to-Consumer (D2C) presence by opening their own web stores, building on their existing marketplace to take control of customer journeys. The number of web stores in the country is expected to increase by 56% this year, according to LOCAD, the leading Asian logistics platform that enables businesses to …

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Erehwon Artists Commit to Unity Covenant

Members of the Erehwon Arts Council led by Professor Anton Juan and Bonifacio Ilagan have committed to a set of fundamental principles, a commitment which has been permanently inscribed in a steel plate installed at the roofdeck of the Erehwon Center for the Arts. Erehwon Center for the Arts is managed by Erehwon Artworld Corporation with Rafael Rivera Benitez as …

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