Companies

Property giant Ayala Land Inc. (ALI) reported its profit surged by 19 percent in the first semester of 2015 on the back of strong earnings from its property, commercial leasing and services.

The 18 automated weather systems (AWS) under Chevron Philippines Inc.’s (CPI) Metro Weather Project are properly functioning after the continuous and intensive maintenance procedures the company conducts with the start of the rainy season, CPI, which markets Caltex brand of fuels including Havoline and Delo lubricants, said.

Within this decade, the town of Concepcion in Tarlac province may become the hub of the country’s source of solar-generated energy.

Listed mass housing developer 8990 Holdings Inc. is confident of surpassing its P10-billion revenue target this year on the back of new projects and good first-semester financial performance.

More women should be elected to the boards of local companies, House Deputy Majority Leader and Makati City Rep. Mar-Len Abigail Binay appealed to shareholders of Philippine Stock Exchange (PSE)-listed corporations to elect more women to their governing boards.

By Riza Lozada The Joint Foreign Chambers of the Philippines (JFC) lauded the ramping up of public spending by nearly double mainly on infrastructure in the proposed budget for next year. The budget proposal or the National Expenditure Program (NEP) proposed a five percent share of infrastructure spending in the Gross Domestic Product (GDP), which was JFC’s recommendation since 2010 when President Aquino started his term and when spending for infrastructure in …

Property developer Megaworld Corp. is spending P20 billion to complete 12 new office buildings in Fort Bonifacio within three years that will more than double its office space inventory in the area and create over 100,000 jobs.

AC Energy Holdings Inc. (ACE) is optimistic of meeting its 1,000-megawatt (MW) target capacity by 2016, President and Chief Executive Officer (CEO) John Francia said.

The Manila Electric Co. (Meralco) expects a 3- to 4-percent hike in its energy sales for the first half of this year.

The hotel arm of listed property developer 8990 Holdings Inc. plans to invest P1.5 billion to expand its hotel portfolio over the next six years, riding on the domestic tourism boom.