Increases in selling prices bolstered the nine-month net income of Tanduay Distillers Inc. to a record P2.4 billion, up 59 percent from P1.51 billion in the year-earlier period.
LT Group, Inc. (LTG), the flagship investment holding company of billionaire Lucio Tan, delivered its strongest nine-month performance on record, posting an attributable net income of P22.57 billion—a 14 percent increase year-on-year and the company’s best January-September and third-quarter results since its follow-on offering—delivered by the broad-based growth across the conglomerate.
Lucio Tan’s LT Group Inc. has partnered with Weisshaus, a leading distributor of international spirits, to bring the Tanduay rum brand to Austria, making it the first Asian rum brand to enter the country.
AC Logistics Holdings Corp. and Glacier Megafridge Inc. have broken ground on a 25,000-pallet automated cold storage and distribution facility in Balintawak, Quezon City, as demand for temperature-controlled logistics puts a premium on capacity near Metro Manila’s major consumer markets.
The Department of Agriculture through the Bureau of Fisheries and Aquatic Resources has distributed P34.66 million worth of specialized deep-sea seaweed farming equipment across the Zamboanga Peninsula, stepping up efforts to raise grower incomes and rebuild the country’s standing in the global seaweed industry.
Truck operators transporting agricultural products have until October 31 to apply for a 5 percent toll discount across expressways managed by SMC Tollways. The price relief program, which runs from November 1 to 30, aims to lower farm-to-market delivery costs amidst rising fuel prices.
Globe and the National Privacy Commission (NPC) have renewed their partnership to strengthen data privacy and digital safety across the Philippines. By extending their Memorandum of Understanding, both entities aim to empower young Filipinos to navigate an increasingly complex online landscape safely, particularly as artificial intelligence and other emerging technologies transform daily communication and learning.