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.
Not every sporting achievement needs a stadium full of spectators, a television audience running into the millions, or a superstar whose face sells everything from sneakers to soft drinks. Sometimes, all it takes is a patch of sand, two determined athletes, and a crowd that knows exactly what is at stake.
Brazilian aerospace manufacturer Embraer sees defense and aircraft sales as a potential springboard for long-term industrial cooperation with the Philippines, with opportunities extending beyond equipment purchases to maintenance, training and technology transfer.
President Ferdinand Marcos Jr. has created a national council to fast-track artificial intelligence (AI) adoption, coordinate government initiatives, and attract investments in the emerging technology, while addressing risks to jobs and workers.
The Philippines expects two major trade initiatives, the ASEAN Digital Economy Framework Agreement (DEFA) and a free trade agreement with Canada, to expand export opportunities and help smaller enterprises participate more actively in international commerce.