MANILA, Nov. 13 (PNA) — DMCI Mining Corporation, a wholly-owned unit of DMCI Holdings, Inc., is preparing to increase its nickel ore shipments by 56 percent to 2.5 million wet metric tons…
Category: Business & Economy
AFPI issues its one millionth beep card
By Azer N. Parrocha MANILA, Nov. 12 (PNA) — Beep card concessionaire AF Payments Inc. (AFPI) on Thursday announced that it has just issued its one millionth beep card since it was…
Regus Philippines targets 5,000 workstations by year-end
By Juzel L. Danganan MANILA, Nov 12 (PNA) — Global flexible workspace provider Regus Philippines is targeting to reach a portfolio of 5,000 workstations by year-end. ”We should be getting very close…
Record rental income lifts Megaworld’s 9-month profit to Php8.35-B
By Leslie D. Venzon MANILA, Nov. 12 (PNA) — Property developer Megaworld Corp. posted a Php8.35-billion profit for first three quarters of the year, up 12.52 percent from last year, driven by…
AUB’s Tier 2 offer oversubscribed
MANILA, Nov 12 (PNA) — Oversubscription from various retail and institutional investors prompted Asia United Bank (AUB) to cut short the offer period of its unsecured subordinated Tier 2 notes qualifying as…
Ayala Corp.’s 9-month profit hits Php17.7-B
MANILA, Nov. 12 (PNA) — Philippine conglomerate Ayala Corp. on Thursday said its profit surged by 26 percent in the first nine months of the year, driven by robust telecommunications, real estate…
Semirara Mining and Power net income up by 59% for past 9 months
MANILA, Nov. 12 (PNA) –- Semirara Mining and Power Corp. posted a 59 percent higher net income of PHP6.21 billion for the past nine months of the year compared to the same…
BPI net income rose 8% to Php 13 B in Q3 ’15
By Joann Santiago MANILA, Nov. 11 (PNA) — Ayala-led Bank of the Philippine Island (BPI) posted an 8.1 percent year-on-year increase in net income in the third quarter of 2015, boosted by…
Max’s Group nets Php313-M profit
By Leslie D. Venzon MANILA, Nov. 11 (PNA) — Casual dining operator Max’s Group, Inc. (MGI) on Wednesday reported a net profit of Php313.12 million for the first nine months of 2015,…
Crown Asia Chemicals 9-month profit hits Php70.5 M
By Leslie D. Venzon MANILA, Nov. 11 (PNA) — Listed Crown Asia Chemicals Corp. on Wednesday said its profit surged by 60 percent in the first three quarters of 2015 on the…
Aster DM Healthcare now in PHL
By Leilani S. Junio MANILA, Nov. 11 (PNA)–Aster DM Health Care, the biggest healthcare network in India and Middle East countries, expanded Wednesday its global operations with the opening of its first…
HSBC economists eyes 5.5% output for PHL in ’15
MANILA, Nov. 11 (PNA) — An economist of HSBC forecasts the Philippine economy to remain strong although output is seen to be lower than in recent years at 5.5 percent given the…
EDC recurring net income down 10% YoY mainly due to Tongonan Plant outage
MANILA, Nov 11 (PNA) – Lopez-led Energy Development Corp. (EDC) has posted a lower recurring net income attributable to equity holders of the parent by 10 percent at Php 7.0 billion for…
SPC on SC decision on Naga Power Plant Complex: If not reconsidered, set back in introduction of new 300MW in Visayas grid possible
By Juzel L. Danganan MANILA, Nov. 11 (PNA) – SPC Power Corp. was disappointed by the Supreme Court (SC) decision that nullified its win in the Naga Power Plant Complex (NPPC) even…
Export slowdown hurts PHL peso
By Joann Santiago MANILA, Nov. 10 (PNA) — The Philippine peso touched a six-year low against the greenback Tuesday due to combination of decline in exports and resurgence of expectations for a…