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Ayala nets Php26 B in 2016, on track to hit profit target by 2020

MANILA—Philippine conglomerate Ayala Corp. booked a 17-percent increase in profit in 2016 on the back of its real estate and …

Alveo Land eyes Php45-B sales from residential projects, office towers

MANILA— The middle to upper-income unit of listed property giant Ayala Land Inc. (ALI) expects to generate Php 45 billion …

SM Prime’s Php20-B bond issue gets top credit rating

MANILA—Property conglomerate SM Prime Holdings, Inc. (SMPH) bagged the highest rating from Philippine Rating Services Corp. (Philratings) for its proposed …

PHL seen as one of key markets of Zalora operations in Southeast Asia

MANILA—A global fashion e-commerce group is strengthening its position in the Philippines as one of the key markets of its …

Wilcon Depot eyes acquisition, new expansion sites

MANILA—Soon-to-be-listed Wilcon Depot Inc., the country’s leading construction retail store, is scouting for strategic acquisitions and more locations to support …

D&L Industries sees sustained 15% to 19% profit growth in 2017

MANILA—Listed food and plastic input manufacturer D&L Industries expects to sustain a 15 to 19-percent growth in net income this …

Premium Leisure’s profit up 419% to Php 1.2B in 2016

MANILA—Premium Leisure Corp. (PLC), the gaming and investment arm of SM Group, booked a 419-percent surge in profit in 2016 …

PSE nets PHP701-M in 2016

MANILA—The Philippine Stock Exchange Inc. (PSE) on Friday said its profit surged by 3 percent to PHP701.54 million in 2016 …

Ayala acquires 43.3% stake in Zalora Philippines

MANILA—Conglomerate Ayala Corp. has acquire a 43.3-percent ownership stake in BF Jade E-Service Philippines, the owner and operator of the …

NFA assures enough rice supply in quake-hit Surigao provinces

MANILA –The National Food Authority (NFA) on Tuesday assured it has enough buffer stocks of rice in warehouses nationwide, particularly …

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