Companies

By Riza Lozada The Gokongwei group’s food conglomerate Universal Robina Corp (URC) and Hong Kong’s Vitasoy Group have established a joint venture in the manufacture of high-quality, nutritious and sustainable food and beverage products. 

By Riza Lozada  The Securities and Exchange Commission’s (SEC) shelf registration program has drawn some of the biggest companies to apply for more than P100 billion in planned bond floats.

Telecommunications and digital services provider PLDT Inc., through its Home, Enterprise and International Carrier Business Groups, and Smart Communications, sealed a partnership with TV5’s multi-platform, multi-discipline production outfit, D5 Studio, Voyager Innovations’ digital marketing solutions arm, VYGR Digital Agency, and PLDT’s Big Data Organization, Partner Analytics and Customer Experience, or PACE (formerly Talas Data Intelligence, Inc.) through the signing of …

Local builder Atlantic, Gulf and Pacific Company (AG&P), which now focuses on LNG infrastructure solutions including LNG terminals and supply chains, and Hindustan LNG (HLNG), an LNG import terminal development company based in India, have signed a memorandum of understanding (MOU) to supply natural gas to power stations in the East Godavari region of Andhra Pradesh, India.

Listed cement manufacturer Cemex Holdings Philippines Inc. (CHP) reported a P2.69 billion profit last year as sales of cement pick up amid the construction boom.

By Riza Lozada  Corporate borrowings have surged last year to reflect the healthy state of the economy as private bonds registered with the Securities and Exchange Commission (SEC) surged 134 percent in 2016.

Union Bank of the Philippines (UnionBank) has earmarked P3 billion for capital expenditure (capex) to complete its digital transformation strategy, UnionBank President and Chief Operating Officer Erwin R. Bautista said. 

Bambang, Nueva Vizcaya – Chevron Philippines Inc. (CPI), distributor of the Caltex brand of fuels and lubricants, recently inaugurated its newest Caltex service station at the Nueva Vizcaya Agricultural Terminal – Agri-Pinoy Trading Center (NVAT-APTC) located along AH26, Bambang, Nueva Vizcaya. 

The local bourse operated by Philippine Stock Exchange Inc. (PSE) was recognized as the 2016 Best Stock Exchange in Southeast Asia at the Marquee Awards of the 10th Alpha Southeast Asia Deal & Solution Awards held in Sepang, Malaysia last Jan. 25. 

Philippine Airlines (PAL) ramped up its operations by formally launching its third domestic flight last Feb. 1 that will connect Clark International Airport (CRK) in Pampanga to Davao, President Duterte’s hometown province.