Companies

The Consulate General of San Marino in the Philippines, in partnership with The Book­mark Inc., has produced a book that will help orphans and adoptive parents prepare for the adoption process. On Feb. 5, a memo­randum of agreement was signed that made official the publication and distribution of the book, titled Yehey, May Pamilya na Ring Mag-aaruga sa Akin!’ Spearheading …

The Philippine Stock Exchange (PSE) has released new rules for listed firms to qualify for the PSE index—the gauge for the performance of the local stock market.

Fastfood giant Jollibee Foods Corp. (JFC) has acquired full ownership through its international unit of the Chinese supplier of its operations in China after JFC engaged in an equity and asset swap deal worth P500 million.

Property conglomerate Ayala Land Inc. (ALI) has paid 25 percent of its P5.625 billion common shares subscription into Prime Orion Philippines Inc. (POPI) equivalent to 51.06 percent of total outstanding shares.

Listed Manila Electric Co. (Meralco) said its core earnings reached P18.9 billion in 2015, up four percent from P18.1 billion in 2014. 

Flag carrier Philippine Airlines acquired six A350-900 aircraft, with option for another six of the aircraft in a major refleeting drive as regional airlines prepare for an expanded market with the start of the Association of Southeast Asian Nations (Asean) Economic Community (AEC).

The board of Boulevard Holdings Inc. (BHI) approved the increase of its unit Friday’s Holdings Inc.’s (FHI) authorized capital stock by P266 million.

Ayala Land Inc. (ALI) reported a net income of P17.6 billion for last year, up by 19 percent on consolidated revenues of P107.2 billion which improved by 13 percent mainly attributable to growth drivers comprised of established and emerging estates.

Conglomerate LT Group Inc. through its subsidiary Tanduay Holdings Inc. bought 131,863,677 shares or approximately 4.5 percent of the total outstanding and issued shares of Victorias Milling Corp.(VMC) worth P660 million.

Security Bank Corp. (SBC) has received multiple honors from Corporate Governance Asia for its high ethical business standards.