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Taisei Corporation, a Leading Japanese Contractor, Invests in PetroGreen Unit

4/28/2024

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One of the largest general contractors in Japan, Taisei Corporation (Taisei), and Yuchengco-led PetroGreen Energy Corporation (PGEC) inked investment framework and shareholder agreements on April 23, 2024, with the goal of Taisei acquiring a 25% equity stake in PGEC's subsidiary, Rizal Green Energy Corporation (RGEC). Taisei, one of Japan's top 5 general contractors, was established in 1873 and has since built ports, harbors, industrial complexes, power plants, bridges, and tunnels, as well as commercial structures across more than 65 nations. The Taisei Group reported total net sales of US$12.3 billion for the fiscal year 2022.

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Philippines Digital Economy Contributes 8.4% to GDP in 2023

4/28/2024

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Philippines Digital Economy Contributes 8.4% to GDP in 2023
According to PSA, the digital economy of the Philippines in 2023 amounted to P2.05 trillion, contributing 8.4% to the country's Gross Domestic Product. This resulted in 7.7% growth from the P1.90 trillion Gross Value Added of the digital economy in 2022.

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SEC Philippines Taps Paycools to Expand Payment Options

4/28/2024

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SEC Philippines Taps Paycools to Expand Payment Options
The Securities and Exchange Commission (SEC) is opening more payment channels through a partnership with online payment platform Payment Innovation, Inc., (PayCools PH).

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Google Launched 'Ad Intents', a New Format for Auto Ads

4/28/2024

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Google Launched 'Ad Intents', a New Format for Auto Ads
Tech giant Google announced that the shopping links and shopping anchor labs are now a permanent part of Auto Ads under the new name "Ad Intents."

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GCash Registers Nearly Half a Million GStocks PH Users: Top E-Wallet Widens Filipinos’ Access to Stocks

4/27/2024

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GCash Registers Nearly Half a Million GStocks PH Users
​GCash, the Philippines’ top finance app and largest cashless ecosystem, recorded nearly half a million user base for GStocks PH as it ramps up the reach of its stock investment platform.

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Filinvest Land, Inc. Partners with KMC Community, Inc. for Co-Working Space Business

4/27/2024

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Filinvest Land, Inc. Partners with KMC Community Inc. for Co-Working Space Business
Filinvest Land Inc. (FLI) and global co-working space provider KMC Community Inc. (KMC) have announced the launch of their joint venture, Our Space Solutions Inc. (OSSI). The partnership represents a significant advancement in meeting the Philippines' rising need for co-working spaces. The first OSSI locations are situated in Axis Tower One, a prime office building within Filinvest City's Northgate Cyberzone.

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Consunji Group and CEMEX Asia B.V. Signed an Agreement to Acquire Cemex Asian South East Corporation

4/26/2024

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Consunji Group and CEMEX Asia B.V. Signed an Agreement to Acquire Cemex Asian South East Corporation
DMCI Holdings, Inc. (DMC), Dacon Corporation, and Semirara Mining and Power Corporation (SCC) have inked a share purchase agreement with CEMEX Asia B.V. to buy the whole 42,140,266 common shares of Cemex Asian South East Corporation (CASEC).​

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Metro Retail Stores Group, Inc. Breaks Ground on 4 New Supermarkets in the Visayas

4/26/2024

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Metro Retail Stores Group, Inc. Breaks Ground on 4 New Supermarkets in the Visayas
Metro Retail Stores Group, Inc. (MRSGI) recently made progress in its Visayas development plans by breaking ground on four new supermarkets in Cebu and Leyte, paving the way for more accessibility and convenience in these regions.

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Robinsons Retail Holdings, Inc.'s Q12024 Core Net Earnings Increase by 8.5%

4/26/2024

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Robinsons Retail Holdings, Inc.'s Q12024 Core Net Earnings Increase by 8.5%
Robinsons Retail Holdings, Inc.'s consolidated net sales increased by 2.9% to P45.9 billion in the first quarter of 2024. This was driven by increased sales from new stores and maintained demand in the food retail and drugstore segments, which accounted for more than 80% of the total company. Due to an extremely high base over the last two years, blended same-store sales growth (SSSG) has continued to normalize at 0.9%. Furthermore, the timing of the Holy Week holidays impacted revenue for the quarter, since several of the company's non-essential locations or discretionary formats were closed for two days in March 2024.

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Philex Mining Corporation Ended Q12024 with P105 Million in Core Net Income

4/26/2024

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Philex Mining Corporation Ended Q12024 with P105 Million in Core Net Income
Philex Mining Corporation (Philex), one of Southeast Asia's oldest and largest gold and copper miners, achieved P105 million in core net income and P295 million in EBITDA for the first quarter of 2024, compared to P388 million in core net income and P635 million in EBITDA in Q12023.

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