Business

One of Megaworld’s plant nurseries is located in Tanza, Cavite where the company grows most of the trees, shrubs, and plants used in various townships*Property giant Megaworld notches its biggest sustainability milestone to date as it officially achieves carbon neutrality for all its company-owned office and mall developments across the country.This achievement covers 52 developments, all of which are 100 percent operational, Megaworld-owned commercial properties located in the company’s various townships all over the Philippines, a press release from the firm said.Based on data compiled by Megaworld in partnership with Diligent, a global leader in leader in governance, risk, and compliance (GRC), the company’s gross carbon emissions from operational Megaworld-owned properties ...

Megaworld’s Iloilo Business Park*Property giant Megaworld is ramping up its leasing portfolio until 2030 in order to reach 3,000,000 square meters of gross leasable area (GLA) for both Megaworld Premier Offices and Megaworld Lifestyle Malls.This is 52 percent higher higher than the company’s total leasing portfolio as of end-2023, a press release from thefirm said..During the company’s Annual Stockholders’ Meeting, Alliance Global Group Inc.’s chief executive officer Kevin L. Tan said that Megaworld’s gross leasable area for office spaces will reach 2,000,000 square meters by 2030, while gross leasable area for malls will reach 1,000,000 square meters by then.“Growing our malls and office segments within the next six years is a big part of our continuing expansion. This yea...

Globe welcomes significant progress in the Senate on bills to strengthen the country's 26-year-old Intellectual Property Code (IPC) and combat online content piracy through site-blocking measures. A Senate committee level hearing wrapped up on April 29, paving the way for a Technical Working Group to convene and start working on the details of the proposal. This development marks a major step forward in Globe's long-standing #PlayItRight advocacy to help promote and protect the country’s P1.6-trillion creative industry from the damaging effects of piracy, a press release from the firm  said,. "We laud the Senate for recognizing the urgency of updating the Intellectual Property Code to address the rampant cases of online piracy," said Yoly Crisanto, Chief Sus...

In line with its campaign to make the Internet safe for all, Globe has blocked an increasing number of illegal online gambling sites, with a total 1,345 domains filtered off its network in the first quarter of the year.The Q1 total represents a staggering 967 percent increase from the same quarter last year, when a total of 126 sites were barred. Of the total, 260 sites were blocked in January, 855 in February, and 230 in March, a press release from Globe said.Through a combination of network-level blocking measures and the deployment of content filtering systems, Globe is fighting to keep its customers safe from the harmful effects of online gambling operations."Illegal online gambling can have devastating financial and social consequences, fueling problematic gambling behavio...

Globe is transforming its network by shifting to energy-efficient solutions and phasing out outdated equipment, a move that demonstrates its foresight in harnessing advanced technology for sustainable growth and enhanced operational efficiency. These efforts have led to reduced power consumption by around 3,808 MWh and total reduction of 2,811 metric tons in carbon emissions, equivalent to exhaust from 669 gas-powered vehicles for one year, a press release from the firm said. One major solution is the system-on-chip-based plug-in cards, which have allowed Globe to double the number of supported cells and halve its energy consumption, enabling greater scalability and site coverage with a reduced environmental impact, it said.  Globe utilized this advancement ...

Vinci Ermita, Brand Assistant for McDonald’s App,  explains the Crave and Claim Deals at the Bacolod launch.* McDonald's Philippines launched its  Crave and  Claim Campaign, featuring hot summer deals exclusively on the McDonald's App, in Bacolod City on Monday, April 22. Initially announced in Davao, these deals are now available nationwide and include a selection of McDonald's favorites at discounts of up to 40 percent, starting at just P99. These deals are running until April 30 and can be availed for purchases made through Dine-In, Take-Out, and Drive-Thru.  To launch the campaign, McDonald's Philippines organized a city-wide initiative  in Bacolod City, embedding QR codes at various tourist attractions. The QR codes allow access to ...

Barangay Singcang-Airport was named champion in the 2024 Lupong Tagapamayapa Incentives Award (LTIA) in Bacolod City, the Department of the Interior and Local Government- Bacolod announced on Thursday. April 18. Brgy. Singcang-Airport is this year’s LTIA Champion of the city and will be the official nominee of Bacolod in the Regional LTIA Highly-Urbanized City Category, the  DILG Bacolod said in a Facebook post. The barangay is headed by Punong Barangay Caesar Distrito. Following Singcang-Airport is Brgy. Granada as 1st runner-up, Brgy. Montevista - 2nd runner-up, and Brgy. Estefania - 3rd runner-up.* 

Alliance Global Group Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, achieved a record-breaking net income of P30.3 billion, up 20 percent year-on-year despite higher inflation, which pushed overall costs and expenses up during the period.  Attributable net profit stood at a new high of P19.6 billion, reflecting a 2 percent increase from the year before, a  press release  from AGI said. Consolidated revenues hit an unprecedented level of P211.2  billion, reflecting a robust 15 percent growth from P183.6 billion the year before. Kevin L. Tan, AGI chief executive officer, said  “2023 was a historic year for the Group as it delivered excellent performance across all of its businesses, led by its real estate, tourism and consumer seg...