KRISTYN NIKA M. LAZO, TMT

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METRO Retail Stores Group Inc. (MRSGI), the dominant retailer in the Visayas, saw net income grow 4 percent in 2016 as brisk sales in the fourth quarter offset weaker earnings in the first nine months. MRSGI reported a net income of P789 million last year compared to P758 million in…

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AYALA Land Offices, the office development and leasing arm of property giant Ayala Land Inc. (ALI), is introducing a new co-use office product offering intended to cater to the needs of start-up and small to medium companies, groups working on a per-project basis, digital nomads, and online professionals such as…

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Conglomerate San Miguel Corp. posted an 80-percent jump in net income to P52 billion for 2016 from P28.9 billion a year earlier on the back of higher revenues and better margins across its major businesses. Excluding foreign exchange losses of P8.9 billion, consolidated net income more than doubled, or increased…

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AGRIBUSINESS firm Calata Corp. and its Macau-based partners are behind schedule on their joint-venture project to build a casino-resort and hotel complex in Lapu-Lapu City, Mactan Island after their candidate for a casino operating partner backed out due to “perceived political risks and other issues” in the Philippines. From a…

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PROPERTY giant Ayala Land Inc. (ALI) is preparing to launch the fourth tranche of its P50-billion bond program to raise funds for future project developments. The company on Wednesday submitted to the Philippine Stock Exchange (PSE) documentary requirements pursuant to its issuance of P7-billion fixed rate bonds due 2027. The…

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LISTED casual dining chain operator Max’s Group Inc. (MGI) posted a 12 percent increase in profit last year on the back of strong sales across its restaurant brands. MGI told the stock exchange on Wednesday its net income reached P561.74 million in 2016, up 12 percent from P501.39 million in…

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DIVERSIFIED conglomerate San Miguel Corp. is planning a second bond issue under its P60-billion securities program to raise funds to partly refinance its dollar-denominated debts. SMC told the Philippine Stock Exchange (PSE) on Tuesday that it has filed a registration statement with the Securities and Exchange Commission (SEC) for a…

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