News

Work like you own it–SM’s COO Steven Tan

(Photo from: townandcountry.ph)

(Source: Manila Bulletin | February 18, 2018) Steven Tan was in a movie theater when he got a call, which he’ll never forget, from a woman, offering him a job. The woman was Tessie Sy-Coson, vice chair of SM Investments Corporation. “It was beyond ordinary that someone like Tessie, a tycoon, part of a family that’s one of Asia’s richest, ...

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Outlook on PH consumer remains positive — BMI Research

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(Source: Manila Bulletin | February 16, 2018) Remittances from Overseas Filipino Workers (OFWs) along with improving labor sector are seen to remain the main drivers of Philippines’ consumer outlook. “The consumer outlook in the Philippines remains bright on the back of a strong economic performance and rapidly rising incomes, influenced by a tight labor market and sustained remittance inflows,” BMI ...

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FLI’s mixed-use property in Makati bags SEA award

FLI West Makati

(Source: Business Mirror | February 15, 2018) Property developer Filinvest Land Inc. (FLI) said its mixed-use development in Makati has been recognized as the best investment property in Southeast Asia. “The time for ‘100 West’ has come when property and investment experts are seeing its vision and potential,” Janette Cordero, FLI’s first vice president for Metro Manila mixed-use projects, said ...

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Ayala Land net income up 21% in 2017

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(Source: Rappler | February 14, 2018) Ayala Land Incorporated (ALI), the property development arm of the Ayala Group, saw its bottom line rise on the completion of projects and growth from its leasing segment. ALI reported a full-year 2017 net income of P25.3 billion in 2017, in a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, February 14. The ...

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SM Prime opens 6th Cavite mall

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(Source: Business Mirror | February 15, 2018) The shopping mall empire of country’s richest man Henry Sy, Sr. continues its provincial expansion with the opening of SM Center Imus in Cavite. In a statement issued Wednesday, SM Prime Holdings, Inc. (SM Prime) said it will be opening the mall on Friday (Feb. 16) with 90% of its leasing space already ...

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PLDT, Go Negosyo to empower MSMEs in e-commerce

Trade Secretary Ramon Lopez, Go Negosyo founder Joey Concepcion and PLDT chair Manny Pangilinan at the 2016 launch of the Kapatid Project, which aims to encourage big business to come up with programs that will benefit the micro and small businesses. The project is an initiative of the Philippine Center for Entrepreneurship, Go Negosyo in partnership with the Department of Trade and Industry. (Inquirer.net)

(Source: Inquirer.net | February 12, 2018) Local telecommunications giant PLDT has teamed up with entrepreneurship advocate Go Negosyo to empower micro, small and medium entrepreneurs (MSME) with e-commerce capabilities, thereby allowing them to thrive in the digital marketplace. With this partnership, PLDT and its digital innovations arm Voyager Innovations (Voyager) aim to support the program of the Department of Trade ...

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P50B “Ortigas East” redevelopment unveiled

tiendesitas village

(Source: Inquirer.net | February 7, 2018) Property developer Ortigas & Co. has unveiled a P50-billion masterplan to redevelop “Ortigas East,” the new branding for the 16-hectare estate previously called Frontera Verde along C5 and Julia Vargas, also known as the home of Tiendesitas retailing hub. Ortigas president and chief executive Jaime Ysmael said the redevelopment would be executed in three ...

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Jollibee notches P7-B net income in 2017

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(Source: Manila Bulletin | February 13, 2018) Jollibee Foods Corporation, the largest Asian food company, posted a 15 percent growth in attributable net income to P7.09 billion
in 2017 from the P6.17 billion earned in the previous year due to record store openings. In a disclosure to the Philippine Stock Exchange, the firm said system wide sales, a measure of all ...

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Globe ties up with three more big merchants

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(Source: Manila Standard | February 12, 2018) Globe Telecom Inc. said it teamed up with three more big merchants to accept cashless payments via QR codes. Globe president and chief executive Ernest Cu said it signed separate agreements with Kentucky Fried Chicken, National Book Store and Andoks Corp. to accept cashless payment on all its stores nationwide. Cu added Globe ...

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Cathay Land to spend P2.5B for Tagaytay mall

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(Source: Business Mirror | February 12, 2018) Real-estate firm Cathay Land Inc. is pouring in P2.5 billion on the country’s first Outlet mall—a retail mall intended to feature designer products, and scheduled to break ground in about five months. Cathay Land announced in an emailed statement the mall would rise in Tagaytay City. Cathay Land President Jeffrey T. Ng considers ...

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