More than a year into the pandemic that dragged the economy last year to its worst recession since World War II, corporate Philippines is finally regaining some growth momentum despite the reimposition of tough lockdown protocols and the resurgence of COVID-19 cases arising from the more contagious Delta variant. During the second quarter corporate earnings…
Restaurant chain operator Shakey’s Pizza Asia Ventures Inc. seeks to boost its delivery business—a segment that has grown in importance further during this prolonged pandemic—with the launch of its new super app. Through is “Super App,” Shakey’s aims to beef up the company’s off-premise capabilities and enhance the overall delivery experience for its customers. The…
The Megaworld group’s e-commerce startup, Pick-a-roo, has grown its online consumer marketplace since debuting at the height of the COVID-19 pandemic, breaching 1,000 brands and 150,00 products across various categories to date. “We have been carefully curating and selecting our merchant partners to provide only the best offerings to our customers,” said Kevin Tan, president…
Conglomerate Ayala Corp. is returning to the offshore bond market for the first time since the start of the COVID-19 pandemic, while also offering to redeem as much as $800 million worth of older and costlier perpetual bonds to take advantage of the slowdown in interest rates since last year. The country’s oldest business house…
Philippine food and beverage makers Century Pacific Food Inc. (CNPF) and RFM Corp. landed on Forbes Asia magazine’s “2021 Best Under A Billion” list of 200 top-performing publicly listed small and mid-sized companies in the Asia-Pacific region. The roster highlights companies with less than $1 billion in revenues and consistent in terms of top- and…
They are among the heaviest users of energy—to power shopping malls, factories or mine sites. They can opt to buy everything from power producers but they now find it sensible to convert free resources around them—such as sunlight or agro-industrial waste—to meet more of their energy requirements. It’s not a cheap process but the cost…
The Philippine Stock Exchange (PSE), which now holds office and runs a more compact unified trading floor at Bonifacio Global City, switched power providers in February this year, from one that relied on coal-fired power plants to another that uses renewable energy. The PSE, after all, is the first stock exchange in the world to…
While the coronavirus pandemic dragged down the domestic economy to its worst recession in history last year, hurting profitability of many companies, there was one company that defied gravity in the stock market. The main-share Philippine Stock Exchange index (PSEi) shed 8.64 percent last year, but the stock price of this company soared by 304…
The joint venture of Pacific Online Systems Corp. and Philippine Gaming Management Corp. (PGMC) bagged a much-coveted nationwide lottery equipment lease deal with the Philippine Charity Sweepstakes Office (PCSO) valued at P5.8 billion. Pacific Online disclosed to the Philippine Stock Exchange on Monday that its joint venture with PGMC has formally received the notice of…
Property developer Sta Lucia Land Inc. (SLI) nearly doubled its net profit in the second quarter from the level a year-ago at the height of lockdown restrictions triggered by the coronavirus pandemic. SLI’s April to June net profit hit , up by 98.7 percent from P259.18 million last year, as earnings from residential development and…