Companies

Communications giant Globe Telecom is beefing up its network infrastructure in Davao City, including the construction of the Philippine end of an international undersea cable system, the only facility of its kind in the country to directly connect Davao with the rest of the world.   

Ports operator International Container Terminal Services Inc. (ICTSI) reported a lower net income of $87.3 million (P4.103 billion), down 13 percent against the $100.4 million (P4.7 billion) earned in the first half of 2015. 
  

The Lucio Tan Group Inc. (LTG) reported a net income of P4.56 billion for the first half, a 28-percent growth from P3.57 billion on the back of strong earnings from its banking and tobacco units.

Property developer DMCI Homes is spending over P10 billion this year for its capital expenditures (capex) to fund its project developments and land acquisitions.

The Gokongwei-led conglomerate JG Summit Holdings booked a 30.6 percent increase in profit in -he first semester on the back of double-digit income growth in its airline and petrochemicals businesses.

By Riza Lozada  The local bourse has noted a boom in online stock trading as the number of online stock market accounts continued to grow in 2015, posting an increase of 35.6 percent to 236,669 from the 2014 count of 174,592. Since 2010, the number of online accounts has now registered a 46.1 percent compounded annual growth rate. 

Effective August 1, Cecilia C. Borromeo will serve as officer-in-charge of Land Bank of the Philippines (LandBank), the leading government financial institution that carries out a development mandate anchored on promoting inclusive economic growth especially in the countryside. 

Throwing out the opposition of the Philippine Competition Commission, the Court of Appeals (CA) approved Globe Telecom’s urgent motion to consolidate its petition with Philippine Long Distance Telephone Co. (PLDT).

Brothers Tyler and Tyreke Ang had a fun idea last summer: both signed up as kiddie managers at their favorite jolly place, Jollibee.

BDO Foundation, the cor porate social responsibility arm of BDO Unibank, has rehabilitated Pastrana Rural Health Unit in Leyte in partnership with US-Philippines Society.