Corporate
Lopez board reinstates Piki, seeks family truce
Lopez, Inc. on Wednesday withdrew its February 27 resolution removing Federico “Piki” Lopez as president and chief executive officer, signaling a possible thaw in the escalating corporate and family dispute that has rattled one of the Philippines’ most influential business dynasties.
URC eyes modest growth amid global risks
Universal Robina Corporation is aiming for mid-single-digit revenue growth this year despite concerns over global uncertainties, including tensions in the Middle East.
CLI 1Q profit drops 22%
Cebu Landmasters Inc. reported a 22 percent drop in net income in the first quarter, falling to P1.02 billion from P1.32 billion a year earlier.
7-Eleven Pushes Toward 5,000-Store Mark Nationwide
Philippine Seven Corp. is accelerating its nationwide expansion and is on track to hit the 5,000-store milestone this year, with growth in the Visayas and Mindanao driving the company’s next phase of expansion.
PLDT moves to fully acquire Radius Telecom for P2.94B
PLDT Inc. is set to take full control of Radius Telecoms Inc. after its board approved the acquisition of the remaining 65.1 percent stake in the broadband infrastructure provider from Paragon Vertical Corp. for P2.94 billion.
