Companies

By Riza Lozada Integrated energy company Semirara Mining and Power Corp. (SMPC) has tripled its first half royalty payments to the Department of Energy (DOE) to P1.69 billion from P575 million a year ago. The surge in government remittances was driven by the SMPC’s increased production and expanding operations. The company is targeting an annual coal production of 16 million …

Property giant Megaworld Corp. will expand its office space inventory by 500,000 square meters to meet strong demand over the next three years owing to the country’s sustained economic growth.

By Riza Lozada Businessman Manuel V. Pangilinan-led conglomerate Metro Pacific Investments Corp. (MPIC) has increased its investment on its planned takeover and rehabilitation of the Metro Rail Transit Line 3 (MRT-3) to P20 billion from P12 billion initially.

By Gia Catimbang Fujitsu manufacturer PFU Ltd. expressed pride that its Fujitsu line of image scanners reached 10 million in global shipments as of last July.

By Hananeel Bordey Metrobank Foundation Inc. named this year’s winners and new members on the roster of Metrobank Arts and Design Excellence (MADE), now on its 33rd year, held last September 21 at the Le Pavillion, Metropolitan Park, Pasay City.

By Gia Catimbang Global technology brand Lenovo recently introduced its #CitizensofTMRW campaign featuring a revamped line of laptops and convertibles.

The House of Representatives is considering the amendment of the Real Estate Investment Trust (REIT) Act, Bohol Representative Arthur Yap said.

By Riza Lozada The property market is expected to sustain its growth momentum on the back of a robust economy and strong investor confidence, a global real estate consultancy firm said.

By Gia Catimbang Small and medium entrepreneurs recently converged to take part in the annual Franchise and Business Expo which supports the Association of Southeast Asian Nation’s (Asean) seven-point strategy targeting the advancement of micro, small and medium enterprises (MSME) to fit in the core of their economic agenda.

Gardenia Bakeries Philippines plans to set up a P1-billion bread manufacturing plant in Misamis Oriental province as it gears for an expected upsurge in the Mindanao economy.