INFLATION slowed to 4.9% in October, significantly lower than the 5.7% median estimate in a BusinessWorld poll last week. — PHILIPPINE STAR/MIGUEL DE GUZMAN By Keisha B. Ta-asan, Reporter ANNUAL INFLATION sharply slowed in October after two […]
Trade gap shrinks to $3.5B in September
The Philippine trade deficit shrank to $3.51 billion in September. — PHILIPPINE STAR/EDD GUMBAN THE COUNTRY’S trade-in-goods deficit in September narrowed to its lowest level in nearly a year after a decline in exports and imports, preliminary […]
DBP seeks return of P25-B contribution to Maharlika fund
COURTESY OF DBP FACEBOOK PAGE By Luisa Maria Jacinta C. Jocson, Reporter THE DEVELOPMENT BANK of the Philippines (DBP) is seeking the return of its P25-billion contribution to the Maharlika Investment Fund (MIF) until the suspension of […]
Marcos directs House panel to remove FIRB’s power to grant incentives — lawmaker
PRESIDENT Ferdinand R. Marcos, Jr. wants the power to grant and approve tax incentives to be returned to investment promotion agencies, a lawmaker said. — PHILIPPINE STAR/KRIZ JOHN ROSALES By Beatriz Marie D. Cruz, Reporter PRESIDENT Ferdinand […]
PLDT Q3 income down, year-to-date profit up 1.4%
PANGILINAN-LED PLDT Inc. reported P9.43 billion in attributable net income for the third quarter (Q3), down 12% from P10.71 billion a year earlier, amid a challenging economic environment. Still, the company considers its showing for the period […]
Petron earnings rise 16% on sustained volume growth
PETRON CORP. reported a nine-month consolidated net income of P9.5 billion, a 16% increase from last year’s P8.2 billion, driven by sustained volume growth. In a regulatory filing on Tuesday, the listed oil company said its consolidated […]
Bloomberry income jumps 20% amid higher revenues
RAZON-led Bloomberry Resorts Corp. logged a 20% rise in its net income for the third quarter as net revenues increased. In a regulatory filing on Tuesday, Bloomberry said its consolidated net income for the July-to-September period rose […]
GSIS subscribes to Alternergy’s preferred shares for P1.45 billion
STATE PENSION fund Government Service Insurance System (GSIS) has subscribed to P1.45 billion worth of perpetual preferred shares of Alternergy Holdings Corp., the listed renewable energy company said on Tuesday. “We are deeply honored to have GSIS […]
San Miguel beer unit reports 20% climb in 9-month income to P19B
THE brewing unit of Ang-led San Miguel Corp. (SMC) recorded a 20.2% increase in its nine-month consolidated net income to P19.4 billion due to higher domestic and overseas sales volumes. In a statement on Tuesday, San Miguel […]
Globe secures P12-B loan from three banks
GLOBE Telecom, Inc. said it had secured funds from a loan facility amounting to a total of P12 billion which it will use to fund its capital expenditures (capex). In a stock exchange disclosure on Tuesday, the […]