COTABATO CITY, Aug. 14 (PNA) — The Autonomous Region in Muslim Mindanao’s (ARMM) investment board on Thursday received an unprecedented feat – an award from the Bangko Sentral ng Pilipinas (BSP) in…
Category: Business & Economy
SBMA backs EPI acquisition of Jobin-Sqm
MANILA, Aug. 14 (PNA) – The Subic Bay Metropolitan Authority (SBMA) has backed the acquisition of Jobin-Sqm, Inc. (JSI) by Emerging Power Inc. (EPI), a Nickel Asia Corporation led company. ”SBMA approved…
Real estate, liquor businesses lift Alliance Global profit by 5% in H1
By Leslie D. Venzon MANILA, Aug. 14 (PNA) — Conglomerate Alliance Global Group, Inc. (AGI) booked a five-percent profit increase in the first semester driven by the real estate and liquor businesses….
Filinvest Group profit rises 19% to Php3.5-B in H1
By Leslie D. Venzon MANILA, Aug. 14 (PNA) — Gotianun-led conglomerate Filinvest Development Corp. (FDC) on Friday said its profit surged by 19 percent in the first semester, driven mainly by real…
LT Group profit up 65% to Php3.57B in H1
By Leslie D. Venzon MANILA, Aug. 14 (PNA) — Net income of Lucio Tan-led conglomerate LT Group, Inc. (LTG) grew 65 percent in the first semester this year mainly on the back…
Smart opens pre-registration for Samsung Note 5 and Samsung Galaxy S6 Edge Plus
MANILA, Aug. 14 (PNA) — Telco giant Smart Communications on Friday announced the opening of its pre-order site for the latest devices of Korean tech giant Samsung—the Samsung Note 5 and Samsung…
Free Wi-Fi in local trips offered with Smart Bro-Travel Factor tie-up
By Azer N. Parrocha MANILA, Aug. 14 (PNA) — Backpackers who travel local destinations via tour operator Travel Factor will soon be powered with free Smart Bro Wi-Fi connection. This was after…
Cebu Pacific profit up by 63% to Php 5.2B for H1
By Azer N. Parrocha MANILA, Aug 14 (PNA) — Low-cost carrier Cebu Pacific on Friday posted a 63 percent increase in profit to Php 5.2-billion in the first half of the year…
Ayala Corp. profit up 6% to PhP 10.4-B in H1
By Leslie D. Venzon MANILA, Aug. 13 (PNA) — Philippine conglomerate Ayala Corp. grew its 2015 first-semester profit by six percent, driven mainly by the double-digit growth in its telecommunication, real estate,…
LTFRB reiterates priority to ensure public safety after Uber crackdown notice
MANILA, Aug. 13 (PNA) – Public safety first. This, according to the Land Transportation and Franchising Regulatory Board (LTFRB), is the main reason why it decided to begin cracking down on ride-sharing…
(News Feature)BSP tops performance rating among govt offices surveyed
By Kris M. Crismundo MANILA, Aug. 13 (PNA) — The Bangko Sentral ng Pilipinas (BSP) remains the best performing government office according to the 2015 Executive Outlook Survey of the Makati Business…
Barclays changes BSP rate hike projection timing to Q3 ’16
By Joann Santiago MANILA, Aug. 13 (PNA) — The low-inflation environment combined with recent weakness of the peso made Barclays changed its forecast on the timing of the possible increase in the…
Public trial of beep cards for LRT-1 to kick off this weekend
MANILA, Aug. 13 (PNA) — After it was first successfully piloted at the Light Rail Transit Line 2 (LRT-2) last month, passengers taking the LRT-1 are also set to try the new…
No cash refund for holders of magnetic cards for LRT-2
By Azer N. Parrocha MANILA, Aug. 12 (PNA) — Magnetic cards were no longer sold at the Light Rail Transit Line 2 (LRT-2) stations on Wednesday to allow the full implementation of…
NEA sets 11 M consumer-connection goal by September
By Juzel L. Danganan MANILA, Aug. 12 (PNA) – The National Electrification Administration (NEA) is targeting to energize 11.03 million households by September, according to NEA Administrator Edith Bueno. ”So we are…