Companies

The Bureau of Customs (BOC) has certified the Laguna Gateway Inland Container Terminal Inc. (LGICT), the dry port container handling facility of International Container Terminal Services Inc. (ICTSI) in Calamba City, Laguna, as an authorized Off-Dock Customs Facility (OCF). 

Del Monte Pacific Limited (DMPL) listed both in Singapore and the Philippines reported a net income of $8.5 million for its third quarter fiscal year ending January, a turnaround from the net loss of $4.8 million in the third quarter last year. 

By Riza Lozada Conglomerate LT Group Inc. (LTG) booked a 42-percent increase in profit in 2016, driven mainly by banking, tobacco and beverage businesses with a net income of P9.39 billion last year from P6.6 billion in 2015.

Food manufacturer Del Monte Pacific Limited (Del Mon­te) will conduct a primary offer of up to 15 million preferred shares and up to 10 million in oversubscription option scheduled for listing at the local bourse in April.

International Container Terminal Services Inc.’s (ICTSI) implementation and multi-stakeholder engagement of the 1-Stop Terminal Appointment Booking System (TABS) at the Manila International Container Terminal (MICT) was adjudged the best public relations (PR) program by the Public Relations Society of the Philippines (PRSP).

Listed conglomerate DMCI Holdings Inc. reported a flat core net income for last year of P12.1 billion from P12.3 billion a year ago.

By Riza Lozada The Philippine Stock Exchange, Inc. (PSE) signed an agreement with the Bankers Association of the Philippines (BAP) to resume discussions on the proposed purchase of BAP’s 28.9 percent stake in the Philippine Dealings System Holdings Corp. (PDS). The PSE has a 20.98 percent own­ership in PDS.

Global port operator International Container Terminal Ser­vices Inc. (ICTSI) plans to order the most modern equipment that will have the largest vessel handling capability in the coun­try and at par with those used in major developed markets around the world.

Construction equipment retailer Wilcon Depot Inc., which will soon be listed at the stock exchange, expressed plans to ex­pand its market reach through online presence and setting up pop-up stores.

Listed Philippine Seven Corp. (PSC), the local licensee of convenience store 7-Eleven, plans to put up 412 new stores in an expansion offensive worth P3.5 billion to support its target 20-percent growth this year.