Companies

Listed Philippine Seven Corp. (PSC), the operator of 7-Eleven retail stores, reported a net income of P1.01 billion in 2015, a 15.4-percent rise from a year ago, and attributed to growth in sales of all corporate and franchise-operated stores by 25.3 percent to P25.8 billion from P20.6 billion in 2014.

Ayala Land Inc. (ALI) was again named the overall best managed real-estate company in Asia by FinanceAsia in its 16th poll of Asia’s Best Companies awards. 

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.