Companies

Filinvest Development Corp. (FDC) reported a net income of P7 billion last year, which was a solid 13 percent growth from the previous year.

Conglomerate Ayala Land Inc. (ALI) has recently issued bonds worth P7 billion as part of its P50 billion shelf registration. The bonds have terms of 9.5 years maturity and a 4.75 percent fixed rate due 2025. This listing marked ALI’s second tranche of its P50-billion shelf registration for a 12-percent share of the total P551.81 billion listed bonds at the …

Representatives of Deutsche Bank AG Manila and the SM Foundation with school, Department of Education (DepEd) and Local Government Unit (LGU) officials inaugurated a two-story, four classroom building in the campus of Northern Tacloban City National High School. The donation came complete with desks, tables, blackboards, electric fans with toilet provision for each classroom. The desks and tables were made …

SM Prime Holdings Inc. (SM Prime) opened last April 29 its 57th local mall , the SM City San Jose del Monte in Bulacan, which was the third in the province after SM City Baliwag and SM City Marilao.

Opol, Misamis Oriental—A simple yet historic groundbreaking ceremony for the P500-million investment for the bulk water supply project of Opol was held last April 20 by the Lumayagan River in Barangay Tingalan.

By Riza Lozada  Listed mass-housing developer 8990 Holdings Inc. has tapped China Bank Capital Corp. to arrange and underwrite the securitization of up to P5 billion of contract to sell (CTS) receivables of its property development subsidiaries.

Gaming firm Leisure and Resorts World Corp. (LRWC) reported a consolidated net income of P1.03 billion last year or a 37-percent increase from a P750-million profit in 2014 despite a substantial drop in its junket casino business.

The country’s top corporations are now more conscious about online security and are starting to invest heavily on information-technology (IT) products and services to address business disruptions from cyberattacks like those from computer viruses. 

By Riza Lozada Utility firm Manila Water Co. Inc. is alloting P4.2 billion for capital expenditures to expand its water service and network reliability in the Metro Manila East Zone, in which it has a concession with the government, said Fernando Zobel de Ayala, the firm’s chairman. 

Diversified conglomerate Ayala Corp. has embarked on a five-year plan to increase its net income to P50 billion by 2020 through investments in power and transport infrastructure, healthcare and education, and automotive and manufacturing, Ayala Corp. Chairman and CEO Jaime Augusto Zobel de Ayala said.