Business

SM Investments Corporation (SM Investments) reported a consolidated net income of PHP55.9 billion in the January to September period, higher by 30% from PHP42.9 billion in the same period last year. Consolidated revenues rose 15% to PHP440.4 billion from PHP382.0 billion in the same period last year. “Our ongoing healthy growth reflects buoyant consumer activity in malls and sustained spending …

Enrique K. Razon, ICTSI Chairman and President said: “I am pleased to announce sustained progress across the Group delivering growth in revenues of seven percent to US$1.76 billion and EBITDA of US$1.11 billion, seven percent higher than the previous year.  These excellent results were delivered against some very strong prior year comparatives.”   “Looking ahead, whilst we continue to expect a …

The Land Bank the Philippines (LANDBANK) was ranked by Forbes as the 6th best employer in the Philippines for 2023—the only government institution to achieve this distinction. The state-run Bank also placed 304th overall globally in the latest Forbes’ World’s Best Employer list, based on a survey of over 170,000 employees from multinational companies and institutions in over 50 countries.  …

The Felicidad T. Sy Foundation (FTSFI), an affiliate of SM Foundation dedicated to promoting Catholic living and supporting various initiatives within the community, has recently rekindled its Sacristy Upkeep & Floral Art in the Service of the Liturgy.   The project aims to enhance the knowledge of religious heads and facilitate the proper care of religious vessels while creating appropriate floral …

Contecon Manzanillo S.A. (CMSA), International Container Terminal Services, Inc.’s (ICTSI) business unit operating the Specialized Container Terminal 2 in the Port of Manzanillo, hit a new milestone with its handling of 14,400 TEUs during the recent call of the CMA CGM vessel APL Vanda. The achievement not only underscores the growing importance of the port, but also confirms Contecon Manzanillo’s ability to …

A merry mix of players belonging to the fields of business here and abroad make up the full 300-strong field of the revival of the Philippine Airlines’ Mabuhay Miles Elite Invitational golf tournament Monday at the world-class layout of The Orchard Golf and Country Club in Cavite. PAL President and Chief Operating Officer Capt. Stanley K. Ng will be among the prominent executives hitting the ceremonial drive …

Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and Chief Executive Officer Ajejandro H. Tengco said increased demand for leisure, travel and entertainment will sustain the growth trajectory of the Philippine gaming industry in the coming years. During the RGB Connect Gala Night at Hilton Clark Sun Valley Resort in Pampanga over the weekend, Mr. Tengco said the lifting of travel …

Award-winning and fastest-growing bank Rizal Commercial Banking Corporation (RCBC), announced its partnership with leading payment services franchise company ExpressPay to make mobile-point-of-system RCBC ATM Go more accessible to a larger segment of Filipinos. The collaboration between RCBC and ExpressPay is envisioned to enhance remittance services, online payments, e-commerce transactions, bank account management, and bills payments by expanding the network of …

SM Development Corporation (SMDC) ‘steps into luxury’ with a memorable celebration of the 65th anniversary of SM with its ‘Good Guy’, Korean Superstar Lee Minho on October 15, 2023, at the SMX Convention Center in Pasay City. This event marked Lee Minho’s triumphant return to the Philippines since 2016. Thousands of guests, including the Sy family, SMDC investors, partners, affiliates, …

The Figaro Coffee Group, one of the Philippines’ leading and beloved food and beverage conglomerates, hosted a remarkable press conference at the Edsa Shangri-La Mandaluyong. This exclusive event, titled “2023 Business Performance and Beyond,” was graced by the top management of the Figaro Coffee Group, including Mr. Justin Liu, Chairman; Ms. Divine Cabuloy, CEO/President; Mr. Mike Barret, COO/EVP; and Mr. …