Megaworld optimistic on quick recovery, rolls out 4-point plan to rise from pandemic

Property giant Megaworld is optimistic that it can recover quickly from the pandemic next year following reports of coronavirus vaccines to be released before year-end. In his message at the company’s Annual Stockholders’ Meeting via live webcast, Megaworld chairman and CEO Dr. Andrew L. Tan said the company is ready to bounce back as it…

Megaworld creates unit for digital technology investments

Andrew Tan-led property giant Megaworld is creating a wholly-owned subsidiary that will spearhead the company’s investments and ventures into digital innovations and technology as it takes advantage of opportunities brought about by changes in consumer behaviors and lifestyles in this digital age. AGILE Digital Ventures is Megaworld’s digital investment arm that will engage in investing…

Emperador generates P7 billion net income in 2015

EMPERADOR's wine cellar in Spain.

Emperador Inc., the world’s largest brandy company, reported a net income of P7 billion on revenues of P43.6 billion last year, inclusive of foreign operations. The company made the highest quarterly net income in the fourth quarter of 2015, amounting to P2.26 billion, showing a 38% year-on-year increase versus the fourth quarter of 2014 and…