The Philippine central bank has signalled further tightening to re-anchor inflation expectations. — PHILIPPINE STAR/RUSSELL PALMA By Keisha B. Ta-asan, Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday delivered an off-cycle 25-basis-point (bp) rate hike, as […]
Residential property prices rise 14% in Q2
Residential property prices rose by an annual 14.1% in the second quarter. — PHILIPPINE STAR/MIGUEL DE GUZMAN RESIDENTIAL PROPERTY prices in the second quarter rose at the fastest pace in three years amid high interest rates and […]
PHL economy seen to grow by 5.8% this year
The Philippine economy is now expected to grow by 5.8% this year, according to a report by First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P). — PHILIPPINE STAR/EDD GUMBAN FIRST METRO […]
PHL seeks $69-M loan to modernize civil service
REUTERS THE PHILIPPINES is seeking a $69-million loan from the World Bank to modernize the civil service, including the development of a centralized human resource management (HRM) and payroll system for the National Government. Data from the […]
Phoenix moves to generate cash flow via BDO deal
PHOENIXFUELS.PH LISTED independent oil firm Phoenix Petroleum Philippines, Inc. is looking at entering into a sale-and-leaseback agreement with BDO Unibank, Inc. to restructure its debts. “The corporation is currently in the process of streamlining its operations, restructuring […]
Robinsons Retail profit down 41%
GOKONGWEI-led retailer Robinsons Retail Holdings, Inc. (RRHI) posted a 41.4% decline in its nine-month attributable net income due to various reasons including higher equitized losses from its minority start-up investments. In a regulatory filing on Thursday, RRHI said its nine-month attributable net income fell to P2.58 billion from P4.41 billion […]
PXP net loss narrows to P10M on higher revenues
PXP Energy Corp. managed to trim its attributable net loss in the third quarter to P10.24 million from P18.88 million in the same period last year, the Pangilinan-led company reported on Thursday. Its core net loss also […]
Figaro optimistic of growth amid store expansion
FIGARO COFFEE FACEBOOK PAGE LISTED Figaro Coffee Group, Inc. is optimistic about growing the business as it is set to open more stores in various areas before the year ends to expand its presence across the country. […]
Arthaland set to acquire shares, add capital in Bhavya Properties
LISTED property developer Arthaland Corp. is set to acquire shares in Bhavya Properties, Inc. to increase the latter’s working capital for the completion of a residential condominium project in Makati City. In a regulatory filing on […]
Pryce posts 28.5% rise in profit
PRYCE CORP. saw its net income grow by 28.5% in the third quarter to P1.58 billion from P1.23 billion a year ago, driven by higher sales of liquefied petroleum gas (LPG). The increase comes despite the company’s […]