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Philippines
Friday, April 19, 2024

Corporate

Balai ni Fruitas acquires 40% interest in Sugarhouse

Balai ni Fruitas Inc., a leading Philippine counter service bakery operator owned by businessman Lester Yu has expanded its portfolio with the acquisition of a cake shop Sugarhouse. Balai ni Fruitas said Thursday in a disclosure to the stock exchange it signed an agreement to acquire the 40-year-old legacy brand and various assets related to the Sugarhouse. It did not disclose the value of the acquisition. Sugarhouse, which started in 1983...

Eastern allocates P1.15b for capex

Eastern Communications said Tuesday it earmarked P1.15 billion for 2024 capital expenditures...

Vista Land books 39% profit surge to over P10b

Vista Land & Lifescapes, Inc., the property arm of the Villar family,...

PetroEnergy’s net profit rises 9% to P944m amid stable operations

The Yuchengco Group’s listed energy arm PetroEnergy Resources Corp. (PERC) said Tuesday...

LATEST Corporate

LATEST

Pueblo de Oro starts commercial center projects

Pueblo de Oro Development Corp., the property development arm of the ICCP Group, began the construction of commercial centers in its residential communities to...

Shakey’s Pizza opens 50th Peri-Peri outlet

Restaurant chain Shakey’s Pizza Asia Ventures Inc. opened its 50th Peri-Peri Charcoal Chicken & Sauce Bar store as part of an aggressive store expansion...

URC eyes P5b in savings from transformation of supply chain

Universal Robina Corp., the biggest snack food maker, said over the weekend it expects to generate P5 billion in savings over the next five...

Unity Digital of Aboitiz Group spending P6b to construct 1,000 cell sites in 2022

Unity Digital Infrastructure Inc., a unit of Aboitiz Group, said it will spend P6 billion in 2022 to build 1,000 cell sites in Visayas...

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