South Coast City rising in Cebu

CEBU CITY—Not even the COVID-19 pandemic can stop this new “city” from rising at the South Road Properties, a 300-hectare reclaimed area in the southern part of Cebu City. The construction of the South Coast City is in full swing—while strictly complying with health protocols—to meet its target completion by the second quarter of 2022.…

stairs, shopping mall, shop-906723.jpg

Robinsons Land profit surges by 394% on various businesses’ comeback

Gokongwei-led Robinsons Land Corp. (RLC) saw a 394-percent year-on-year increase in second quarter net profit to P2.56 billion as earnings from property development, rental portfolio and hotel operations bounced off a low base seen last year at the height of pandemic lockdowns. Amid the reimposition of tight restrictions through early April this year, RLC’s second…

refinery, oil, industry-3613526.jpg

Petron recovers with P3.87-B income amid improved oil prices, market sentiment

Petron Corp. made a turnaround in the first half of the year, bouncing back with a P3.87-billion consolidated net income after hitting a P14.24-billion net loss in the same period last year, as oil prices picked up and market optimism returned amid the rollout of vaccines against COVID-19. “Though we continue to face some challenges,…