Companies

Listed gaming firm Premium Leisure Corp. (PLC) is banking on the profitability of the Philippine Charity Sweepstakes Office’s (PCSO) lottery operations to deliver further growth momentum to its portfolio of gaming and casino products and services. 

The Securities and Exchange Commission (SEC) has approved the P10-billion preferred shares offering of DoubleDragon (DD) Properties Corp., the proceeds of which will mainly fund real estate development projects this year. 

Victoria International Container Terminal Limited (Vict) recently opened its second annual Community Investment Fund grants program, inviting local non-profit community organizations to apply for grants of up to $20,000.

Pure Water Corporation (PWC) has committed to adhere to the sixth of the series of Sustainable Development Goals (SDG6) of the United Nations (UN) to ensure access to water and sanitation for all, and improve national economy and mitigate climate change, in commemoration of World Water Day.

More than 100 young student-engineers from all over the world recently participated in the Shell Eco-Marathon (SEM) Asia 2016, an annual competition that challenges students to put their self-built, fuel-efficient vehicles to the test on a specially designed street circuit.

The Caltex Fuel Your School (CFYS) project was recognized again for helping teach science, technology, engineering and math (STEM) subjects to 103,000 students and aiding 600 educators from the most needy senior public high schools in Metro Manila. 

Cebuana Lhuillier recently started its most extensive effort yet to improve the quality and availability of financial services in the country and aid in increasing the number of financially included Filipinos by the end of 2016.

By Jerry Maglunog Flag carrier Philippine Airlines (PAL) will add at least 20 more local and international destinations this year, which began with the Cebu-Los Angeles flight on Mar. 15. 

Filinvest Land Inc. (FLI), one of the country’s largest residential developers and business-process outsourcing (BPO) office providers, booked an 11-percent increase in profit last year, boosted by strong local demand and reduced financial cost. 

Asian conglomerate San Miguel Corp. (SMC) earned a net profit of P38.2 billion last year—up by 26 percent—while earnings before income tax, depreciation and amortization (Ebitda) climbed 23 percent to P108.6 billion.