Companies

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 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 …

Local oil refiner Petron Corp. has filed a case against state-owned Philippine National Oil Company (PNOC) for breach of a binding and compulsory sale-leaseback contract, saying such act threatens to hurt not only Petron’s operations and its shareholders but the broader economy that relies on its petroleum products.

Phoenix Petroleum Philippines Inc. recently signed a memorandum of understanding to acquire Philippine FamilyMart (PFM), the third largest convenience store brand in the country.

By Riza Lozada Association of Southeast Asian Nations (Asean) micro, small and medium enterprises (MSMEs) play an important role in linking up with multinational enterprises (MNEs) and propelling economic growth of the regional block, Trade and Industry Secretary and Board of Investments (BOI) Chairman Ramon Lopez said.

Global port operator International Container Terminal Services Inc. (ICTSI) has, since last year, rolled out a new employee rewards program by raffling off new house and lot units to qualified employees of its flagship, Manila International Container Terminal (MICT) in the Philippines.

By Riza Lozada There would be no repeat during the holiday season of the tight port traffic of 2014 when container cargoes were stranded at the Manila ports that mainly resulted from the Manila city government’s strict truck ban, the Philippine Ports Authority (PPA) said.