AEV ends Q3 with P4.8-billion net income
ABOITIZ Equity Ventures Inc. (AEV) reported on Wednesday a 3-percent growth year-on-year in consolidated net income to P4.8 billion in the third quarter of 2014.
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ABOITIZ Equity Ventures Inc. (AEV) reported on Wednesday a 3-percent growth year-on-year in consolidated net income to P4.8 billion in the third quarter of 2014.
THE Department of Trade and Industry is seeking closer economic ties with Taiwan, as officials recently embarked on a trip to the island-country to build on areas of possible economic cooperation, as well as to court investor interest.
EMPERADOR Inc., the liquor unit of businessman Andrew Tan, said it secured a £210-million (around $338.27 million) debt from two international banks, proceeds of which will be used for its general corporate purposes.
FLAG carrier Philippine Airlines (PAL) will soon operate four weekly flights to Osaka, Japan, and three weekly flights to Nagoya, Japan, from Cebu starting December 19 and 20 this year.
THE low-cost carrier of taipan John L. Gokongwei is strengthening its hub in the Visayas with the scheduled launch of direct flights to Tokyo from Cebu starting March.
CEMENT manufacturer Lafarge Republic Inc. (LRI) said on Tuesday that its major stockholders are planning to sell their respective interests in the corporation.
THE Technical Education and Skills Development Authority (Tesda) on Tuesday said the agency only taps the best and trusted companies to take care of the Filipino youth’s training.
PUBLICLY listed real-estate company Century Properties Group Inc. (CPGI) has added a new tower into its commercial-building portfolio, which is seen to contribute to its revenue streams.
MANUEL V. Pangilinan, chairman of the Manila Electric Co. (Meralco), on Monday called on the government to expedite the tedious process of securing the necessary permits to build new power plants, saying this is what the government needs to focus on to partly solve the power crisis this country faces next year.
THE Court of Appeals (CA) has issued a decision favoring the Ayala Group in its dispute with the SM Group over the control of Ortigas Holdings Inc. (OHI).
SY-LED Belle Corp. said it executed its overallotment option for the sale of its stake in Premium Leisure Corp. (PLC), a company groomed to be the gaming arm of the SM Group.
SOUTHEAST Asia Cement Inc. (Seacem) plans to raise its authorized capital stock after the backdoor entry of Platinum Group Metals Corp.
GLOBAL Estate Resorts Inc. (Geri), a unit of Megaworld Corp., on Monday said it will spend some P10 billion in five years to develop its property in Las Piñas City into a mixed-use residential and commercial estate.
AYALA-LED Integrated Micro-Electronics Inc. said it will join the Electronica 2014 trade show next month in Munich,Germany.
DRUGMAKERS are racing to develop vaccines and drugs to address the worst outbreak of Ebola in history.
THE Department of Energy (DOE) never runs out of problems. On Sunday Energy Secretary Carlos Jericho L. Petilla bared that a power producer expected to contribute 100 megawatts (MW) of additional capacity next year is now encountering a road right-of-way (ROW) problem.
3M Philippines is expecting growth in the health-care segment this year, making it a major contributor to its regional business.
SEVERAL groups advocating transparency in the country’s election systems called on the Commission on Elections (Comelec) to ban Smartmatic from participating in the bidding for additional technology, supplies and services to be used in the 2016 national elections.
SPURRED by the sustained demand for office space, driven mostly by the business-process outsourcing (BPO) industry, up-and-coming construction and design firm Mundo Builders Inc. (MBI) is shifting its focus from the residential segment to the commercial segment, banking on more corporate clients to drive its expansion and growth.
CUPERTINO, California—During a whirlwind trip to China last week, Apple CEO Tim Cook was feted much like a head of state.
CAMPOS-LED Del Monte Pacific Ltd. has filed for its offering of $360-million preferred share sale, proceeds of which will refinance the debt it used to purchase US firm Del Monte Foods Inc.
COSCO Capital Inc., the holding firm of businessman Lucio Co, on Friday said it bought a property in Biñan, Laguna, for the company’s second community-mall development. The company said its unit Ellimac Prime Holdings Inc. signed a deed of absolute sale with the owners of a 3,192 square meters of land on A. Mabini Street in Poblacion, Biñan. It did not disclose the identity of the previous owner of the property and how much it bought the land.
SEEING a rise in consumption trend in the Philippines by 2016, Japanese service companies can make a headstart by expanding their reach and creating partnerships in the country, as well as in other Asean members, a Japanese trade and industry official said on Friday.
AUSTRALIA-LISTED power firm Energy World Corp. (EWC) has complied with the request of the Department of Energy (DOE) for it to commence the commercial operation of its 400-megawatt (MW) power facility in Pagbilao, Quezon, in time for the anticipated power crisis next year.
SINGAPORE—The Philippines would be the first country in the Asia Pacific to test the data analytics digital platform on health care by SAP AG.
AYALA Land won the highest award as Real Estate Developer of the Year for Southeast Asia, two months after its win as the Real Estate Developer of the Year for the Philippines award.
JOLLIBEE Foods Corp., the homegrown fast-food chain, said it may spend the same amount of capital expenditures for next year as it sees expanding to two more Middle East countries.
THE Tantoco family’s SSI Group Inc. is sticking to its P7.50 per share as the final offer price of its initial public offering (IPO).
SISTER airlines Cebu Pacific and Tigerair Philippines are asking the air-services regulator to impose a fuel surcharge on some of their international and local services.
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