The Philippine economy is on track to post the fastest growth in Southeast Asia this year. — PHILIPPINE STAR/MIGUEL DE GUZMAN By Luisa Maria Jacinta C. Jocson, Reporter A RECOVERY in government spending helped the Philippine economy […]
BSP sees above-target inflation in 2023, 2024
Inflation may average 6.2% this year. — PHILIPPINE STAR/MIGUEL DE GUZMAN By Keisha B. Ta-asan, Reporter PHILIPPINE INFLATION may average 6.2% this year and 4.7% in 2024 based on the risk-adjusted forecasts of the Bangko Sentral ng […]
Sept. manufacturing output grows by 9.1%
Factory output expanded by 9.1% year on year in September. — PHILIPPINE STAR/KRIZ JOHN ROSALES FACTORY OUTPUT rose in September — the fastest pace in 18 months — driven by sustained domestic demand and resilient exports, the […]
Diokno rejects proposal for state banks’ staggered contributions to MIF
FINANCE SECRETARY BENJAMIN E. DIOKNO — PHILIPPINE STAR/KRIZ JOHN ROSALES By Luisa Maria Jacinta C. Jocson, Reporter ALLOWING state banks to contribute to the Maharlika Investment Fund (MIF) on a staggered basis is not an option because […]
Meralco rates go up in Nov.
Residential customers of Manila Electric Co. will face higher bills this month. — PHILIPPINE STAR/RUSSELL PALMA RESIDENTIAL customers in areas served by Manila Electric Co. (Meralco) are set to pay higher bills this month due to an […]
ACEN net income surges on new operating capacity
AYALA-LED ACEN Corp. registered an attributable net income of P2.33 billion for the third quarter, 20.5% higher than the level a year ago, as its projects brought in more operating capacity. In a disclosure to the stock […]
RLC’s net income soars as business units report strong revenue growth
ROBUST REVENUES across all business segments boosted Robinsons Land Corp.’s (RLC) by 49% to P3.06 billion in the third quarter. “We are delighted with the outstanding performance across our diversified portfolio of businesses. These results reflect our […]
Megaworld attributable income rise 65%
MEGAWORLD Corp. reported a 64.9% increase in its third-quarter attributable net income to P4.14 billion from P2.51 billion in the previous year, driven by the growth of its business segments. In a disclosure to the local bourse […]
Expanded Festival of Lights, NYE countdown set to wow in Makati
OVER THE course of 15 years, the annual Festival of Lights at the Ayala Triangle Gardens in Makati has grown and evolved. It began as a simple light show and gradually expanded into more areas of the […]
Global Ferronickel net income dips to P1.5B
GLOBAL Ferronickel Holdings, Inc. on Thursday reported that its attributable net income dropped by 19.7% to P1.5 billion from P1.9 billion the prior year, despite higher revenues. “We are focused on strengthening the business and improving asset […]