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Wednesday, August 9, 2017
Authors Posts by VG Cabuag

VG Cabuag

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A journalism graduate and has covered the Philippine business beat for more than a decade.
VISTA Land and Lifescapes Inc., the property development arm of the Villar family, returned to the local debt market on Tuesday as it listed its P5-billion seven-year and 10-year fixed-rate bonds at the Philippine Dealing and Exchange Corp. (PDEx)...
SHARES of Chelsea Logistics Holdings Corp., controlled by Davao businessman Dennis A. Uy, swung low but didn’t sail high at its debut at the Philippine Stock Exchange (PSE) on Tuesday as investors decided to sell as the trading close. Shares...
CHEMICAL firm D and L Industries Inc. (DNL) on Tuesday said its recurring income grew 7.5 percent during the first half of the year to P1.35 billion, from last year’s P1.25 billion. However, DNL reflects a slower growth rate compared with...
PROPERTY developer Ayala Land Inc. (ALI) on Monday said its income rose 18 percent during the first half of the year ending June to P11.5 billion, from last year’s P9.7 billion, boosted by residential sales. ALI’s property sales in the first half...
When Chelsea Logistics Holdings Corp., owned by Davao-based businessman Dennis A. Uy, debuts at the Philippine Stock Exchange on Tuesday, it will take the crown as the country’s largest publicly listed shipping firm, shaking up the industry in the...
SM Prime Holdings Inc., operator of a chain of eponymous shopping malls, said its income grew 14 percent during the first half of the year to P14.39 billion, from P12.59 billion in the same period last year. Income for the...
UNIVERSAL Robina Corp. (URC), the food group of the Gokongwei family, said its income fell nearly 14 percent to P6.38 billion from last year’s P7.4 billion, while Robinsons Land Corp. (RLC) profits plunged 9 percent. The former cited lower foreign...

SMB income rises 14% in H1

SAN Miguel Brewery Inc. (SMB), a unit of conglomerate San Miguel Corp., said its income grew 14 percent during the first six months of the year on higher sales of its flagship beer brands. The company said its income for...
THE president and CEO of 8990 Holdings Inc. said the success of the mass-housing builder is a collaborative effort of his two partners, who founded the firm sometime in 2000. Januario Jesus Gregorio Atencio III said reports about his retirement...
MANUEL V. Pangilinan, chairman of Metro Pacific Investments Corp., said the MVP Group has agreed to sell its minority stake in the Inquirer Group of Cos. to San Miguel Corp. President and COO Ramon S. Ang. “Technically, no . But...
THE Aboitiz Group consolidated all its water assets under its infrastructure unit Aboitiz Infra Capital Inc. (AIC). The group recently announced AIC’s acquisition of Lima Water Corp. in Batangas and the purchase of a minority stake in Pampanga-based Balibago Waterworks...
APEX Mining Company Inc., one of 13 firms that passed government audit under former Environment Secretary Regina Paz L. Lopez, said it has resigned from the Chamber of Mines of the Philippines. Walter W. Brown, president and CEO of Apex...
The Philippine Stock Exchange (PSE) said its income slid by 7 percent in the first half of the year, pulled lower mainly by lackluster performance of other sources of income. The PSE added its income reached P345.15 million for the...
SM Group-led Belle Corp. on Wednesday said income from City of Dreams (CoD) Manila almost doubled Belle’s consolidated net income to P1.77 billion, from last year’s P917 million. Excluding capital gains on sales of noncore investments of P139 million this...
THE company behind Japanese animation character Doraemon said it wants more exposure of the cartoon in the Philippines in a run-up of global and Philippine anniversaries. Abe Franco, general manager of Animation International Ltd. Philippines (AIL) said there will be...
FILIPINOS are considered among the best workers in the world, especially in the business-process outsourcing (BPO) sector. But their competitive position is in trouble. That is, if they can’t need to keep up with the so-called fourth industrial revolution. According to...
AYALA Land Hotels and Resorts Inc. said it will open its seventh homegrown brand Seda hotels by October this year, as the western Visayas is experiencing a booming economy. Seda Capitol Central in Bacolod City will have 154 rooms catering...
LAGUNA-based Cirtek Holdings Philippines Corp. said it bought high-tech antenna maker Quintel Cayman Ltd. in a deal valued at $77 million. The company added it signed an agreement with Trillium International I, the shareholder representative of Quintel. Upon closing of the...
SHARE prices rose again to another year-high on Thursday despite profit-taking limiting its climb. The benchmark Philippine Stock Exchange index (PSEi) gained 8.27 points to close at 8,045.78 points, the highest it achieved for the year. The main index already reached...
STI Education Services Group Inc. (STI ESG) said on Thursday that a Hong Kong-based firm has sent formal notice for the STI-brand school operator’s stake in its preneed business. In a statement, STI ESG added it received a letter of intent...