Companies

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CONSUNJI-LED DMCI Homes is targeting to launch eight residential towers in Metro Manila and Davao City this year following strong reception from property buyers. In a statement on Thursday, DMCI Homes said it is was set to launch condominium projects, both mid- and high-rise, in Parañaque, Las Piñas, Pasig, Pasay,…

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CEMENT manufacturer Cemex Holdings Philippines, Inc. remains bullish it will see strong momentum in 2018 despite a drop in net sales last year. Cemex Holdings saw its net sales dip to P21.8 billion from the P24.3 billion recorded a year earlier due to the impact of lower cement prices. However,…

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Maynilad Water Services, Inc. said it spent P260 million to repair leaks within its concession area in Metro Manila last year. Maynilad said in a statement on Friday it plugged a total of 26,792 pipe leaks within the West Zone concessionaire area in 2017, bringing the company’s total leak repairs…

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PLDT Inc. unit PayMaya has partnered with pharmacy retail chain Mercury Drug to hasten the deployment of its quick response (QR) payment system in the market. In a statement on Friday, the Pangilinan-led telco said Mercury Drug was the first pharmacy-retail chain in the country to adopt the PayMaya QR,…

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AYALA Corp., through its education services arm, is buying a 96 percent stake in National Teachers College (NTC) in line with its goal to expand its business portfolio. In a disclosure on Thursday, Ayala Corp. said its wholly-owned subsidiary AC Education, Inc. inked a share purchase agreement with shareholders of…

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GLOBE Telecom is in talks with third parties for the creation of an independent tower company to help speed up the build and deployment of cellular towers in the Philippines. In a statement on Thursday, the Ayala-led telco said it was also looking at “divesting all or part of its…

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PROPERTY developer Megaworld Corp. will develop the P15-billion Davao Park District into a “Smart Township” as the company embarks on developing iTownships across its properties. In a disclosure, Megaworld said the 11-hectare Davao Park District, which will be located in Lanang, Davao City, will integrate digital technology, design innovations and…

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LISTED energy player MRC Allied, Inc. has signed a P200-million deal to design, supply and install solar rooftop systems for the community malls of Xentro Mall Developer, Inc. (XRC). MRC Allied told the stock exchange on Thursday that it had inked an engineering, procurement, and construction contract with Uni Solar,…

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PRIVATE aircraft charter business Philjets said on Thursday that it was looking to expand its fleet of aircraft, particularly twin-engine units, to 22 over the next two to three years. “Our objective is to reach a fleet of 22 aircraft. We plan to reach our target in the next two…

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FIRST Pacific-led sugar firm Roxas Holdings, Inc. (RHI) said on Thursday that revenues for the first quarter of crop year 2018 climbed 39 percent due to higher sugar sales. In a disclosure, RHI said consolidated revenues in its fiscal first quarter ending December 31, 2017 reached P2.07 billion on the…

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