Companies

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.

Mass-housing developer 8990 Holdings Inc. partnered with listed Security Bank Corp. for the take out of its receivables amounting to P2 billion next month. 

The country isn’t likely to achieve its goal of providing digital literacy for all in the absence of a favorable government policy that would equip public elementary and secondary schools with Internet access by 2016.

SM Prime Holdings President Hans Sy and other top business leaders in the Philippines have banded to strengthen the country’s disaster risk-reduction and development efforts.

The Bangko Sentral ng Pilipinas (BSP) has approved the establishment of the agricultural value-chain financing framework to uplift the agriculture and fisheries sector. 

About 200 doctors, nurses, dentists, psychiatrists, and therapists joined hands for people with Down syndrome at the annual free clinic of the United for Down program at the Bayanihan Center, Mandaluyong City, on Mar. 20.

By Riza Lozada Conglomerate Ayala Group has earmarked P174 billion for its capital expenditures this year mainly to support real-estate and telecommunications businesses and yield sustained growth as it reported a 20-percent surge in profit to P22.3 billion last year.

The LT Group Inc. (LTG) of taipan Lucio Tan posted a 50-percent increase in profit in 2015 to P6.6 billion amid impressive results in its banking, beverage and tobacco businesses. 

Enterprise data systems provider Cloudera said it will “deepen” its commitment to the country mainly in the provision of big data management and analytics using its Hadoop technology.