Meg Adonis

1 day ago | business.inquirer.net | Meg Adonis

MANILA, Philippines — Emperador Inc. is bullish on its international businesses after widening its footprint in Spain, with the liquor giant seeing continued expansion in the next five years. In a regulatory filing on Wednesday, Emperador said it had acquired 470 hectares (ha) more of vineyard in Spain, allowing it to “dramatically boost” its grape farming capacity, which is at 17 million kilograms annually. Before this, its portfolio in Spain spanned 1,500 ha.

1 day ago | business.inquirer.net | Meg Adonis

MANILA, Philippines — The petrochemicals unit of JG Summit Holdings Inc. will remain shuttered for at least two years. The conglomerate cited prevailing challenges in the global market. During this period, JG Summit will focus on “preserving the assets in the plant complex while evaluating strategic options for the business moving forward,” the Gokongwei-led company said in a stock exchange filing on Wednesday.

1 day ago | business.inquirer.net | Meg Adonis

MANILA, Philippines — San Miguel Corp. (SMC) benefited from its $3.3-billion deal with the country’s other power giants, causing its first-quarter earnings to surge by nearly fivefold. In a statement on Wednesday, the conglomerate said its earnings in the January to March period had ballooned to P43.4 billion from P8.9 billion a year ago. Article continues after this advertisement To recall, San Miguel Global Power Holdings Corp.

1 day ago | business.inquirer.net | Meg Adonis

MANILA, Philippines — LT Group Inc. posted P7.24 billion in earnings in the January to March period, representing its highest first-quarter performance in 12 years as all its businesses booked gains. The conglomerate on Wednesday said its net income during the quarter had climbed by 13 percent versus a year ago, with its tobacco and banking units doing most of the heavy lifting.

1 day ago | plus.inquirer.net | Meg Adonis

The entire stretch of Roxas Boulevard, which spans 7.6 kilometers and passes through three cities, is already brimming with cultural, government and corporate buildings. It should be no surprise, then, that another would soon rise. But it won’t be just another building: DoubleDragon Corp. actually plans on making its new hotel the largest along Roxas Boulevard. On Monday, the developer unveiled its newest Hotel101 project that will house 700 rooms on a 1,790-square-meter commercial land.