By Leslie D. Venzon MANILA, Oct. 27 (PNA) — Listed food and plastic input manufacturer D& L Industries (DNL) is optimistic at hitting a net income target of Php 2.36 billion this…
Category: Business & Economy
BSP eyes October ’15 inflation between 0.1-0.9%
By Joann Santiago MANILA, Oct. 27 (PNA) — The impact of Typhoon Lando on crops is seen as among the upside risks on Philippines’ October 2015 inflation rate but the central bank…
Globe eyes growth in postpaid base with new postpaid plan with bigger data allowance, free content
MANILA, Oct 27 (PNA) — Globe Telecom is strengthening its leadership in the postpaid segment as it lures new postpaid customers with a new postpaid promo plan that offers bigger data allowance…
Century Pacific Food acquires integrated coconut producer for Php4.5-B
By Leslie D. Venzon MANILA, Oct. 27 (PNA) — Leading food manufacturer Century Pacific Food, Inc. (CNPF) has fully acquired an integrated coconut producer for both export and domestic markets for Php4.5…
Petron bags P5.1-B net income, up by 58% year-on-year
By Juzel L. Danganan MANILA, Oct 27 (PNA) — Petron Corporation bagged a net income of Php 5.1 billion for the past three quarters of 2015, an increase of 58 percent year-on-year…
PHL stocks return above 7,300
MANILA, Oct. 26 (PNA) — Local share prices returned to the 7,300-mark on Monday, as investors were encouraged by positive global and local developments ahead of third-quarter earnings results. The barometer Philippine…
Meralco net income up by 13 percent year-on-year
By Juzel L. Danganan MANILA, Oct 26 (PNA) — The Manila Electric Company’s (Meralco’s) net income grew by 13 percent year-on-year as of end of the third quarter of 2015. Meralco senior…
BDO posts Php17.6-B profit in Jan-Sept
MANILA, Oct. 26 (PNA) — BDO Unibank Inc. (BDO), the banking arm of the SM Group, posted a 5.34-percent increase in profit in the first nine months of 2015 on the back…
MB places Rural Bank of Buguias (Benguet), Inc. under PDIC receivership
MANILA, Oct 26 (PNA) — The Monetary Board (MB) placed Rural Bank of Buguias (Benguet), Inc. under the receivership of the Philippine Deposit Insurance Corporation (PDIC) by virtue of MB Resolution No….
Investment in condos in Central Visayas seen to surpass the PHP13.8B in 2014
By Eddie O. Barrita CEBU CITY, Oct. 25 (PNA) — Investments in condominiums in regions 7 and 8 this year are expected to surpass the PHP13.8 billion total investment in the sector…
Gaisano investing Php2B on condotel, more commercial facilities in Legazpi
By Danny O. Calleja LEGAZPI CITY, Oct. 25 (PNA) — The Gaisano Grand Group of Companies of the Cebu-based Gaisano family is putting up an additional investment worth around Php2 billion in…
5 British telcos in talks with PHL firms for potential investment
By Azer N. Parrocha MANILA, Oct. 15 (PNA) –Four to five British telecommunication companies (telcos) are in talks with Philippine telcos for potential investments by yearend, a UK telco official said on…
8990 Holdings to offer Meralco’s prepaid electricity service in Gen. Trias, Cavite
By Juzel L. Danganan MANILA, Oct. 15 (PNA) – Property developer 8990 Holdings, Inc. will soon offer the prepaid electricity service of the Manila Electric Company (Meralco) in its subdivisions in Gen….
PSE: securities lending, higher public float to raise market liquidity
MANILA, Oct. 15 (PNA) — The Philippine Stock Exchange (PSE) is pushing the development of securities lending and borrowing (SLB) program that can increase the overall market liquidity by up to 10…
Meralco sells 24.95% stake in Indra to MPIC
By Juzel L. Danganan MANILA, Oct. 15 (PNA) — The Manila Electric Co. (Meralco) sold its 24.95-percent stake in Indra Philippines, Inc. to Metro Pacific Investments Corp. (MPIC) through a stake purchase…