ALLHOME Corp. said it is on track to hit its target of having 70 stores by next year as it opened three new stores in October. The Villar-led retail company said in a statement yesterday it is well on its way to reach its goal of securing a 7.1% market share in the home improvement industry by next year as it continues store expansion across the country. “We remain confident with our e...
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ABOITIZ Equity Ventures Inc.’s (AEV’s) net income for the first nine months of 2019 was P15.7 billion, nine percent lower than the P17.3 billion recorded during the same period last year. AEV recognized non-recurring losses of P155 million, lower than the previous year’s P407 million, representing net foreign exchange and derivative losses. Without these one-off losses, AEV...
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MANILA, Philippines — After a challenging 2019, the Aboitiz Group sees better prospects next year amid new developments and projects coming on stream, particularly in the power business. The group has faced a lot of challenges this year, but “new and exciting things” are happening next year, Aboitiz Equity Ventures Inc. (AEV) chief financial officer Manuel Lozano said in a bri...
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Ayala Land, the country’s prime developer of sustainable estates, is currently developing a part of the old Food Terminal Incorporated (FTI) complex located along the East Service road of the South Luzon Expressway into a 74-hectare large-scale, master-planned, mixed-use premiere estate called ARCA South. This is after its successful transformation of a military training base headquarters in...
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TAFT Properties will soon enter the booming tourism industry as it plans to erect a hotel as part of the mixed-use project, Taft East Gate. Myra Lynn Gilig, vice president and deputy chief operating officer of Taft Properties, said they eye to partner with an international hotel brand to realize the company’s first venture in the hospitality business. “We don’t have concret...
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PROPERTY developer Rockwell Land Corp. is seeing a bullish sales take-up for its P6.2 billion premier development, Aruga Resort and Residences - Mactan, in just 15 months. Weelisa Ang, sales manager at the Lopez Group company, told SunStar Cebu the project’s residential units are already 54 percent sold. “This is the first cluster. We have 276 units. We started offering it to the...
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