The Market Monitor Minding the Nation's Business
By Riza Lozada Restaurant chain operator Max’s Group Inc. (MGI) signed a development agreement with De Borja Inc. to build at least three Max’s Restaurants in San Diego, California within the next five years.
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Century, Mitsubishi tie-up raising P4.5B for project
By Riza Lozada Century Properties Group Inc. has secured a loan worth P2.2 billion to pave the way for a joint partnership with the Japanese giant Mitsubishi Corpo to build Forbes Media Tower in Makati.
Read More »Renminbi in SDR seen to boost Philippines-China trade
By Jerry Maglunog The inclusion of China’s currency, the renminbi, also called yuan, to the basket of currencies that will determine the value of reserves of every member of the International Monetary Fund (IMF) will bolster trading between the Philippines and China, several observers said.
Read More »New master plan to recreate Araneta Center into modern garden city bared
The Araneta Center in Cubao, Quezon City, is getting another facelift to make it a garden city, based on a new redevelopment plan for the business district.
Read More »Ayala unit scraps solar-power project
AC Energy Holdings Inc., the power unit of Ayala Corp., has scrapped plans to put up a solar project in Sta. Cruz, Davao del Sur province, following a stockholders’ vote.
Read More »BDO, Japanese group seal investments-promotion deal
Banco de oro Unibank Inc. (BDO) and the Japan Bank for International Cooperation (JBIC)-backed Fidea Holdings Co. Ltd.(Fidea Group) signed a memorandum of understanding to promote inward investments, mainly from Akita, Yamagata and Miyagi prefectures in the northern region of Tohoku in Japan.
Read More »Bankers bullish for 2016 as local businesses grow
By Jerry Maglunog Rapid and huge bank financing is expected in 2016, as businesses grow and diversify into other ventures to take advantage of a growing market, a Bangko Sentral ng Pilipinas (BSP) official has predicted.
Read More »8990 sustains robust growth with 12% profit rise until Sept.
Listed mass-housing developer 8990 Holdings Inc. continued to book double-digit growth in earnings on the back of strong sales and increased construction capacity in the first nine months of the year.
Read More »GT Capital books P8.4-billion net gains until Q3, up 32%
By Riza Lozada Diverse conglomerate of tycoon George Ty, GT Capital Holdings Inc. (GT Capital), posted a 32 percent growth in profit for the first nine months driven by strong sales of Toyota car brands and strong real estate earnings. Consolidated net income rose to P8.4 billion from P6.3 billion a year ago. GT Capital’s consolidated revenue grew 10 percent …
Read More »JG Summit hikes income to P20.7B
By Riza Lozada JG Summit Holdings Inc. of magnate John Gokongwei posted a core net profit excluding non-recurring items of P20.69 billion for three quarters ending September, a 39.2 percent increase from P14.86 billion a year ago. The main drivers of growth were Cebu Air Inc. (CEB) and JG Petrochemicals Corp (JGPC), the company said in a report. Net income …
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