Cash remittances grew by 2.6% in September, data from the central bank showed. — REUTERS By Keisha B. Ta-asan, Reporter CASH REMITTANCES from overseas Filipino workers (OFWs) jumped by 2.6% in September amid steady demand for healthcare […]
Maharlika fund to invest in airports, power projects
A Philippines peso note is seen in this illustration on June 2, 2017. — REUTERS THE MAHARLIKA Investment Fund (MIF) is looking to deploy a portion of its capital to invest in airports and power projects that […]
Elevated office vacancy rates to persist — report
Office vacancy rates in Metro Manila are expected to remain elevated, a report by Cushman & Wakefield said. — PHOTO BY CATHY ROSE A. GARCIA OFFICE VACANCY in Grade A and prime offices in Metro Manila remained […]
Rules on digital workforce competitiveness out
REUTERS THE NATIONAL Economic and Development Authority (NEDA) has released the implementing rules and regulations (IRR) for a law that seeks to ensure the Philippines’ digital workers will be globally competitive. The rules were released more than […]
Sia-led firms report double-digit profit growth
EDGAR J. SIA II — PHILIPPINE STAR/ERNIE PEÑAREDONDO LISTED companies MerryMart Consumer Corp. (MM) and DoubleDragon Corp. (DD) led by billionaire Edgar J. Sia II logged better attributable net incomes in the third quarter. In a stock […]
Phoenix Petroleum and Chelsea Logistics incur wider Q3 net loss
PHOENIX PETROLEUM Philippines, Inc. incurred a net loss of P1.62 billion in the third quarter (Q3), wider than its P948.61 million loss in the same quarter last year, amid lower revenues. Its gross revenues sank by 35.8% […]
Megawide trims Q3 net loss as revenues surge
SAAVEDRA-LED Megawide Construction Corp. trimmed its net loss for the third quarter after a surge in revenues. The company said in a stock exchange disclosure on Wednesday that its July-to-September net loss shrunk to P30.06 million from […]
Apex Mining earns P1 billion on higher gold, silver revenues
APEX Mining Co., Inc. reported an attributable net income of P1.03 billion in the third quarter, 14.8% higher than the P898 million in the same period last year, amid higher gold and silver revenues. In a regulatory […]
Villar’s AllHome posts 21% income decline
VILLAR-LED AllHome Corp. logged a 21% decline in its net profit for the third quarter on the back of lower sales. In a regulatory filing on Wednesday, AllHome said its net profit from July to September dropped […]
Business units lift FDC’s profit
GOTIANUN-LED conglomerate Filinvest Development Corp. (FDC) posted a 28% improvement in its net income in the third quarter as its business segments posted higher revenues. The listed firm said in a regulatory filing on Wednesday that its […]