MANILA, May 11 (PNA) — Listed property developer DoubleDragon Properties Corp. (DoubleDragon) has raised PhP5 billion from the issuance of corporate notes to finance its mall projects. In a disclosure to the…
Category: Business & Economy
PSE index ends slightly higher
MANILA, May 11 (PNA) — Share prices on the Philippine Stock Exchange (PSE) snapped a three-day decline on slight gains from Wall Street overnight. The benchmark PSE index rose 14.69 points to…
Filipino franchisers told to look at Asean markets for expansion
MANILA, May 11 (PNA) — As the country holds the Franchise Asia Philippines 2015 next month, local franchisers are urged to set their sights on other Asean markets that present very good…
PHL auto industry grows double digit in 4 consecutive months
By Kris M. Crismundo MANILA, May 11 (PNA) — The Philippines automotive industry grew anew by double-digit, a bullish performance for four consecutive months this year. Joint report of Chambers of Automobile…
Cebu-based firm eyes 25-30 ships yearly output
By Eddie O. Barrita CEBU CITY, May 9 (PNA) — Cebu-based Tsuneishi Heavy Industries (Cebu) Inc. (THICI) has envisioned an average production of 25 to 30 ships a year, an official said….
Maintenance works at STEAG U1 extended until May 12
By Juzel L. Danganan MANILA, April 9 (PNA) – Steag State Power Inc. (SPI’s)extended its maintenance works on its first 105-megawatt (MW) unit until May 12, which was initially targeted to be…
Ayala Land IMI’s income up 36% in Q1
By Leslie D. Venzon MANILA, May 8 (PNA) — Ayala-led Integrated Micro-Electronics Inc. (IMI) booked a 36-percent increase in profit to USD 6.8 million in the first quarter 2015 despite foreign exchange…
Max’s Group posts strong Q1 profit of Php140-M
MANILA, May 8 (PNA) — Listed casual dining firm Max’s Group Inc. (MGI) booked a whopping 372-percent surge in profit to Php140.20 in the first quarter of 2015, a sharp reversal from…
PHL stocks fall for 3rd day
MANILA, May 8 (PNA) — Philippine stocks extended their losing streak into a third session on Friday after reports showed a contraction in exports of China. The barometer Philippine Stock Exchange index…
Power business lifts Aboitiz Equity Ventures Q1 profit by 7%
MANILA, May 8 (PNA) — Listed conglomerate Aboitiz Equity Ventures posted a seven-percent increase in profit in the first quarter of 2015 on the back mainly of its power business. Its net…
Philex Mines now IMS certified
BAGUIO CITY, May 8 (PNA) –- Philex Mining Corporation has complied with Administrative Order 2015-07 of the Department of Environment and Natural Resources (DENR) mandating large scale mining companies to secure international…
PHL posts increase in GIR to US$ 80.8-B in April ‘15
By Joann Santiago MANILA, May 7 (PNA) — The Philippines continues to enjoy large foreign reserves, which as of April 2015 stood at US$ 80.8 billion, slightly up against month-ago’s US$ 80.5…
Business sector supports BBL; points out 13 potential economic issues
By Ma. Cristina C. Arayata MANILA, May 7 (PNA) — The business sector expressed support for the passage of the Basic Bangsamoro Law (BBL) during the first public presentation of the Report…
8 Filipino firms lands Forbes list for 2,000 publicly listed companies for 2015
By Juzel L. Danganan MANILA, May 7 (PNA) -– Eight Filipino firms have been featured among Forbes’ list for the top 2,000 listed companies for 2015. According to Forbes’ 2000 Biggest Public…
San Miguel Pure Foods profit up 7% in Q1
MANILA, May 7 (PNA) — San Miguel Pure Foods Company Inc. (SMPFC) posted a seven-percent surge in profit in the first quarter of 2015 on the back of higher volumes and better…