Companies

By Riza Lozada The Philippine Stock Exchange index (PSEi) closed at 7,843.16 on the last trading day of June, marking a 14.7 percent increase for the PSE index in the first six months which market players attributed to the reform thrust of the government. 

JG Summit Holdings Inc. (JGSHI) has increased its capital expenditure (capex) to P48 billion for this year up 13 percent from last year’s P41.9 billion. 

Listed A Brown Co. Inc. has entered into a cooperation agreement with private institution Rusatom International Network (RAIN) recently. 

To provide enhanced commuter experience to LRT-1 passengers, LRT-1 operator Light Rail Manila Corporation (LRMC) and Coca-Cola recently sealed a partnership under the “Station Domination” Project spearheaded by PHAR, LRMC’s exclusive ancillary revenue partner. 

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. 

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

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, …

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. 

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. 

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.