SunStar
+ May 11, 2021 ANDREW Tan-led Alliance Global Group Inc. (AGI) has posted a net income of P10.3 billion in 2020, a 62 percent drop from its P27.1 billion net income in 2019.
Consolidated revenues were also down by 28 percent to P129 billion from the previous year’s P180 billion, while net income to owners stood at P8.8 billion.
However, double-digit recovery was achieved by its core businesses in the fourth quarter of 2020 as the government eased quarantine restrictions toward the long holiday season.
Liquor sales of Emperador grew 42 percent during the fourth quarter compared to the previous quarter; sales of McDonald’s Philippines also jumped 36 percent quarter-on-quarter; gaming revenues of Resorts World Manila also grew 33 percent; and real estate sales of Megaworld was up 22 percent in the last quarter compared to the third quarter.
December 22, 2020 | 11:30 am Font Size
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The bustling 72-hectare Iloilo Business Park is a dynamic township complete with towering residential developments and commercial establishments where various businesses can flourish.
Master-planned township Iloilo Business Park has everything businesses need to grow on this side of Western Visayas
It doesn’t take a lot to fall in love with Iloilo City, especially if you aim to make your business endeavor a huge success.
Cited as the city with the most business-friendly local government unit in the country outside Metro Manila during the recently concluded 46th Philippine Business Conference of the Philippine Chamber of Commerce and Industry (PCCI), Iloilo City stands out as the only city in the Visayas that boasts this special recognition. This is a perfect follow-up to the city’s distinction after being named the “Most Business-Friendly Highly Urbanized City” also by PCCI in 2019.
December 11, 2020 | 2:26 pm Font Size
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Striving towards improving the efficiency of Iloilo Cityâs power sector, MORE Power has embarked on its first major investment critical to the modernization of its distribution system.
This was stressed by Enrique K. Razon, Jr., chairman, and president of Prime Strategic Holdings, Inc., a major shareholder of MORE Power, following the energization of the 10MVA mobile substation over the weekend at Iloilo Business Park at Megaworld in Mandurriao District here.
âThe 10MVA mobile substation is not only a behemoth power-provider on wheels, it is also the answer to the ever-present danger of overloading of the Mandurriao substation,â he said.