Corporate
Metro Pacific broadens agri venture; takes 34.76% of Axelum for P5.32B
Metro Pacific Investments Corp., the country’s leading infrastructure investments company, broadened its venture into agriculture with the acquisition of a 34.76 percent stake of listed Axelum Resources Corp., a supplier of coconut water and other products, for P5.32 billion.
Cebu Landmasters boosts 2022 reservation sales by 14%
Cebu Landmasters Inc., a leading property developer in the Visayas and Mindanao, said Tuesday it saw a 14 percent year-on-year increase in reservation sales for 2022 to P18.8 billion on the back of the strong real estate market in central and southern Philippines.
Globe 2022 net profit rose 46% on year to P34.6B; helped by one-off items
Globe Telecom Inc., the telecommunications arm of the Ayala Group, said Tuesday net profit in 2022 surged 46 percent year-on-year to P34.6 billion, with extraordinary gains from the partial sale of its data center and the sale and leaseback of its tower assets offsetting increased depreciation.
Maynilad to invest P3.2 billion for Cavite facilities
Maynilad Water Services, Inc. is setting aside P3.2 billion for the construction of four modular treatment plants (ModTPs) that will serve its customers in Cavite.
Former Finance Usec Eric Recto named Atok-Big Wedge acting chairman
Atok-Big Wedge Co. said Monday its board of directors has named its president, former Finance Undersecretary Eric Recto, as acting chairman and chief executive office of the listed mining company.
