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Ayala Land 1Q net income rises 39%

Corporate Context.ph Context.ph -
Property developer Ayala Land Inc. on Wednesday reported net income of P6.29 billion in the first three months this year, 39 percent more than previous year’s P4.51 billion, mainly the result of consumer activity and high demand on its properties. 

SM Group reports 6% rise in 1Q net income to P18.4 billion

Corporate Context.ph Context.ph -
SM Investments Corp., the holding firm of the Sy family, reported net income growing 6 percent to P18.4 billion in the first three months this year from only P17.3 billion last year, as group retail income fell on moderated spending by consumers. 

Alternergy board green lights P4-billion loan bid from undisclosed lenders

Energy & Mining Context.ph Context.ph -
The board of directors at Alternergy Holdings Corp. has approved its bid to secure up to P4 billion worth of loans from lenders to support the construction of the company’s new renewable power projects this year.

ACEN Corp. 1Q net income rises 34% to P2.7 billion

Energy & Mining Context.ph Context.ph -
ACEN Corp. on Wednesday reported a 34 percent jump in consolidated net income in the first quarter this year to P2.7 billion versus last year's P2 billion, driven higher by the 49 percent surge in the company's renewable energy output.

Montinola resigns from RCI as independent director

Corporate Context.ph Context.ph -
Former banker Aurelio Montinola III, has resigned his post as independent director at Roxas and Co. (RCI).
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Just in

DENR ramps up watershed, forest protection to beat El Niño water crunch

Environment 0
Forests keep water flowing even through extended dry spells — and that natural shield is getting a major boost as El Niño looms. The Department of Environment and Natural Resources (DENR) is expanding forest patrols and accelerating reforestation across critical watersheds to help forests hold water, control stream flow, cut soil erosion, and recharge aquifers.

Southlinks earns BERDE 5 stars, offers greener metro living 

Property 0
In property development, green credentials can help sell a dream. Southlinks Estate now has five stars to back up the pitch—but turning a sustainable masterplan into a sustainable neighbourhood is the harder part.

Development banks unlock $792B to finance global growth

Banking & Insurance 0
The world’s leading development banks have expanded their collective lending capacity by USD792 billion over the next decade, opening more room to finance infrastructure, jobs and climate resilience in developing economies, including the Philippines.

DepEd, DILG hook schools into Unified 911 for faster emergency response

Education, Health & Science 0
Schools are being plugged into the country’s Unified 911 emergency system, allowing reports of campus violence and security threats to reach the Department of Education (DepEd) and police simultaneously as the government moves to speed up responses to school emergencies.
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