GMA Network Inc. chair and CEO Felipe Gozon on Wednesday revived a ratings war with rival ABS-CBN Corp. amid a wave of interest from investors after GMA became the country’s dominant television broadcaster by default. During the firm’s annual shareholders meeting, Gozon touted GMA’s superior TV ratings after ABS-CBN’s broadcast business was shuttered by the…
Food giant Monde Nissin Corp. has bagged global funds as long-term investors in its anticipated P55.9-billion public debut this month. In a statement on Wednesday, Monde Nissin claimed it had secured commitments from 11 cornerstone investors. These were AIA Investment Management Private Ltd., Stichting Depositary APG Emerging Markets Equity Pool, Avanda Investment Management Pte. Ltd.,…
Ty family-led conglomerate GT Capital Holdings’ first quarter net profit surged by 60 percent year-on-year to as earnings contribution from its banking and automotive businesses rebounded. Excluding nonrecurring items, core net income rose by 19 percent year-on-year to P3.4 billion, GT Capital disclosed to the Philippine Stock Exchange on Tuesday. Automotive arm Toyota Motor Philippines…
Property developer Cebu Landmasters Inc. (CLI) returned to a positive earnings growth path in the first quarter, outperforming the year-ago level even as the impact of the COVID-19 pandemic had yet to be fully felt in the comparative period. CLI, a leading developer in Visayas and Mindanao (Vis-Min) area, grew its attributable first quarter net…
If blended learning, initially a peripheral concept, is the likely future of education when the COVID-19 pandemic ends, blended retailing may also become the new normal for commercial establishments as physical and digital worlds collide.In its report “Top 10 Global Consumer Trends 2021,” Euromonitor International calls this combination of in-person and online shopping to…
Nurture’s president Cathy Turvill had always admired Raintree head honcho Annabel Wisniewski for the group’s world-class level of hotel and restaurant operations. Turvill admitted that despite positive customer feedback, Nurture’s food service needed an overhaul. This could only be accomplished by a hospitality industry veteran such as Raintree. After the long lockdown that resulted in…
In Taguig City, Uptown Mall’s “new normal” dining option features outdoor areas redesigned to resemble pocket parks. Uptown Food Hall has indoor tables, but due to the ever-changing quarantine classifications, the mall has created an extended alfresco area on the fourth floor complete with plants, wooden picnic tables, benches, fairy lights and chimes! The welcoming…
The Philippines’ trade in goods with the rest of the world rose 5 percent year-on-year to in the first quarter of the year amid an overall recovering global economy from last year’s pandemic-induced recession. The latest preliminary Philippine Statistics Authority (PSA) data showed that merchandise exports from January to March grew by 7.6 percent year-on-year…
Metro Pacific Tollways Corp. is setting aside about P12 billion this year for capital spending for three expressway projects in southern Metro Manila and neighbouring provinces. Under subsidiary MPT South Corp., the tollroad giant said the largest share or P6.49 billion would go toward the 45-kilometer Cavite Laguna Expressway (Calax) while P5.34 billion would be…
For more than a hundred years, Pilipinas Shell Petroleum Corp. has been at the forefront of helping the Philippine economy by providing mobility solutions to customers all over the country. As the Philippines starts to recover from the havoc wrought by the COVID-19 pandemic, Pilipinas Shell wants to be there, too, in part by transforming…