Companies

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LISTED Cosco Capital Inc., the retail holding firm of businessman Lucio Co, on Thursday reported a 7 percent growth in consolidated net income last year to P7.5 billion mainly on the strong performances of its retail and liquor distribution businesses. In a disclosure to the Philippine Stock Exchange, Cosco Capital…

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LOPEZ-LED Energy Development Corp. (EDC) said it executed a fixed 15-year amortizing loan with Union Bank of the Philippines for a total amount of up to P3.5 billion. EDC, the country’s largest geothermal and wind energy company, told the Philippine Stock Exchange (PSE) on Thursday that the facility will be…

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SUPERMARKETS operator Puregold Price Club Inc. (PGOLD) on Thursday said its net income in 2016 grew by 10.5 percent to P5.53 billion compared to P5 billion reported in 2015 driven by strong consumer demand underpinned by a robust economy. In a disclosure to the Philippine Stock Exchange (PSE), Puregold said…

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RESIDENTS from Central and Northern Luzon can soon fly to Boracay and Palawan without having to travel to Metro Manila after low-cost carrier Cebu Pacific announced the opening of flights to these two destinations from Clark International Airport (CRK). Starting May 15, 2017, CEB’s wholly owned subsidiary Cebgo will be…

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PROPERTY developer Megaworld Corp. said its net income grew by 12 percent to P11.63 billion last year from P10.39 billion in 2015 on the back of strong rental revenues and efficient cost management. In a disclosure to the Philippine Stock Exchange on Wednesday, the real estate company said its rental…

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THE logistics arm of listed infrastructure conglomerate Metro Pacific Investments Corporation (MPIC) said it has acquired the businesses and assets of Ace Logistics Inc. for P280 million. MPIC informed the Philippine Stock Exchange (PSE) on Wednesday of the conditional closing of the acquisition by PremierLogistics Inc., a subsidiary of MetroPac…

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BEIJING: US authorities have agreed to the $43 billion takeover of Swiss pesticide giant Syngenta by state-owned ChemChina, marking the biggest overseas acquisition by a Chinese firm. The move lays the path for what would be the latest in a string of foreign investments by Chinese firms fuelled by Beijing’s…

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LISTED engineering company Megawide Construction Corp. said its consolidated net income in 2016 reached P1.92 billion, a 30 percent increase from the P1.47 billion recorded in 2015, fueled by strong construction demand. “The Construction segment is continuously outperforming its previous year’s revenue production for two consecutive years and has achieved…

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LISTED sugar and ethanol producer Roxas Holdings, Inc. (RHI) on Wednesday denied rumors that two of its subsidiaries were responsible for a recent fish kill incident in Pontevedra, Negros Occidental. Florencio Mamauag Jr., RHI vice president for legal and corporate affairs, said Roxol Bioenergy Corp. (Roxol) and Central Azucarera de…

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GROUNDBREAKING drive system technology and an accentuated sporty look: Audi presented another concept car at the 2017 Geneva International Motor Show, which demonstrated the potential of the future Q8 model range. The Audi Q8 sport concept study demonstrates the vision Audi’s developers and designers have for the dynamic yet efficient…

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