MA. LISBET K. ESMAEL

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PHILIPPINE Seven Corp. (PSC), the local licensee of the 7-Eleven global chain of convenience stores, said net income for the third quarter jumped 18 percent to P201.9 million on better store sales. In a filing to the local bourse, the company said same store sales grew 4.1 percent in the…

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LUCIO Tan-led conglomerate LT Group Inc. on Friday said profit for the first nine months of 2017 hit P6.83 billion, up 9 percent versus the P6.25 billion posted last year, propelled mainly by the strong growth of its tobacco business. It said 42 percent of the net income was contributed…

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PLDT Chairman Manuel V. Pangilinan said on Thursday the company may “consider” a higher capital expenditure (capex) for next year to address criticisms on the country’s internet quality. Asked about the company’s capex program for 2018, Pangilinan said PLDT has two choices–to keep capex spending at the current level or…

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PANGILINAN-LED Metro Pacific Investments Corp. (MPIC) is keen on expanding not just its tollway projects but also its water business in the Asean region. “Growing in Asean is the particular aspiration for toll roads. At the same time, we are also interested in some water projects, particularly in Indonesia,” David…

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INFORMATION technology firm NOW Corp. is targeting to have 400,000 broadband subscribers in Metro Manila in five years with the expansion of its enterprise-grade wireless internet to residential areas, a company executive said. Mel Velarde, president and chief executive officer of NOW, told reporters in a news briefing on Tuesday…

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ONLINE shopping platform Lazada is optimistic that the Philippines will be one of the top e-commerce countries in the world because of the huge number of Filipinos who actively use social media, a company executive said on Monday. Inanc Balci, Lazada co-founder and chief executive officer, said the local e-commerce…

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GLOBAL Estate Resorts, Inc. (GERI), a subsidiary of property firm Megaworld, on Monday said net income for the first nine months of 2017 jumped 47 percent supported by the strong performance of its residential and rental segments. In a disclosure to the Philippine Stock Exchange, GERI said net income increased…

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CHINESE smartphone manufacturer OPPO launched two new concept stores in Metro Manila on Saturday to bolster its brand influence in the local market. Stephen Cheng, brand marketing manager at OPPO Philippines, told The Manila Times the company decided to open another concept store at the annex building of SM City…

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CLOUD platform GoDaddy Inc. is urging local small- and medium-sized businesses (SMBs) to boost their online presence as internet penetration in the country is projected to grow tremendously in the coming years. In a statement released on Thursday, GoDaddy cited data from market research firm eMarketer, which showed that the…

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PHARMACEUTICAL company Unilab has tapped cloud solutions provider Oracle NetSuite to modernize its business to business (B2B) healthcare distribution channels by improving efficiency and transparency. Oracle NetSuite said Unilab implemented its NetSuite OneWorld service to deliver a real-time, uniform business platform for its 21 distributors. “Unilab upgraded from a 15-year-old…

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