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MANILA, Philippines - The Board of Investments (BOI) will extend incentives to Cebu Air Inc.’s P6.1- billion air transport project under the public infrastructure and logistics activity of the new investment priorities plan.
MANILA, Philippines - Megawide Construction Corp. has expressed interest in the bidding for the engineering procurement and construction (EPC) of the Clark international airport passenger terminal.
Gokongwei-led conglomerate JG Summit Holdings’ first semester core net profit was flat at P15.95 billion from the previous year, weighed down by slower earnings from the airline business alongside some foreign exchange and hedging losses.
The local stock barometer slipped for the third straight session on Thursday after failing anew to stay above the 8,000 mark in intra-day trade.
People walk past a panel displaying the benchmark Hang Seng Index during afternoon trading outside a bank in Hong Kong April 15, 2015. — Reuters picSINGAPORE, Aug 10 — Southeast Asian stock markets, except Singapore and Vietnam, edged lower this morning as lingering tensions between the United States and North Korea dampened risk appetite in the region, which is geographically close to the epicentre of this crisis.
MANILA, Philippines - A subsidiary of JG Summit Holdings Inc. has formed a joint venture with China-based Oriente to set up a digital financial service company to serve underbanked consumers and micro, small and medium enterprises in the Philippines.
Financial, consumer and property stocks led gains in Philippine shares which climb 1 per cent. — Reuters picMANILA, Aug 2 — Philippine shares rose 1.5 per cent today, recovering from two consecutive sessions of fall, while other South-east Asian markets were rangebound as investors digested the recent slew of economic data.
Signatories to the partnership (from left) BJ Sebastian, JG Summit Holdings Chief Strategist; Lance Gokongwei, JGSH President & COO; Geoffrey Prentice, co-founder of Oriente and Skype; and Pryncess Esguerra, JGSH Corporate HR Manager.
MANILA, Philippines - Metro Pacific Investments Corp. (MPIC) is joining the planned bidding of the operations and maintenance of the Clark International Airport in Pampanga.
MANILA, Philippines - JG Summit Holdings Inc. is setting off on a more aggressive capital spending program this year as it seeks better positioning for its various businesses to counter emerging challenges on the external front.
Industrial conglomerate JG Summit Holdings Inc. has budgeted P48.2 billion for capital spending this year as the group starts a new phase of expansion program for its pioneering petrochemical business.
Gokongwei-led Robinsons Land Corp. (RLC) is diversifying its revenue stream through the creation of a new unit devoted to infrastructure and integrated development, including the setting up of warehousing facilities to cater to the logistics requirements of the growing domestic economy.
Black smoke billows from burning houses after an aerial bombing by the Philippine Air Force on militant Islamist positions in Marawi on June 27, 2017.Hundreds of militants, flying the flag of the Islamic State group and backed by foreign fighters, seized swathes of Marawi in the southern region of Mindanao last month, sparking bloody street battles and raising regional concern. (Photo by TED ALJIBE / AFP)
MANILA, Philippines - Robinsons Bank Corp., the banking arm of JG Summit Holdings Inc., expressed its optimism for this year, as it eyes growth across its business segments, a company official said.
MANILA, Philippines - The government has put on hold unsolicited proposals for new airports to serve Manila as it focuses on measures that can be undertaken immediately to address congestion at the country’s main international gateway.
MANILA, Philippines - Robinsons Bank Corp., the banking arm of JG Summit Holdings Inc. is looking to go public in the next three years, a company official said.
The Lion City-based gaming company Sea Ltd could debut a US$1 billion public offering in the US as early as 2018, paving the way for others in the sector
Metro Pacific Investments Corp. is set to announce its largest investment in Mindanao—a major infrastructure project—appearing to buck worries that business prospects in the southern Philippine island would be hurt following President Duterte’s declaration of martial rule.
SM Investments is the best proxy for the Philippines' long-term growth, given its shareholding interests in the market leaders in the domestic banking, property, and retail industries.
MANILA, Philippines - Metro Pacific Investments Corp. (MPIC) is in talks with Air21 as the infrastructure conglomerate is looking to make more investments in logistics firms.
Gokongwei-led conglomerate JG Summit Holdings Inc. chalked up a first quarter core net profit of P8.23 billion, flat from the same period last year, primarily due to lower earnings contribution from its airline business.
MANILA, Philippines - The group led by business tycoon Manuel V. Pangilinan has offered to operate and maintain the Clark International Airport in Pampanga as it continues to explore prospects rolled out under the government’s aggressive infrastructure program.
SINGAPORE May 8 Southeast Asia-focused e-commerce startup Garena Interactive Holding Ltd renamed itself Sea Ltd on Monday and said it had raised $550 million to expand in key markets such as Indonesia.
Gokongwei-led conglomerate JG Summit Holdings Inc. has obtained a foothold in regional e-commerce by investing in Singapore-based Sea Ltd., an internet platform company focused on greater Southeast Asia.
MANILA, Philippines - JG Summit Holdings Inc. posted a 6.9 percent growth in its consolidated core net income to P29.97 billion from P28.05 billion a year ago, driven by the double-digit growth in its airline and petrochemicals businesses.