By Leslie D. Venzon MANILA, Nov. 12 (PNA) –- The local stock market advanced on Wednesday for a second straight day of domestic corporate earnings and tracking rally in the United States…
Category: Business & Economy
LandBank posts Php9.3B for Q3, on track to reach profit target
MANILA, Nov. 11 (PNA) — The Land Bank of the Philippines is on track to meet its full-year target net income of Php12 billion, despite an 11-percent decline for the first nine…
PSEi rebounds above 7,200
MANILA, Nov. 11 (PNA) — Local shares snapped a two-day slump and bounced back above 7,200 territory on Tuesday, drawing inspiration from the gains in the United States (US) market. The bellwether…
EDC core net income up 34% to Php7.8-B in Jan-Sept
MANILA, Nov. 11 (PNA) — Energy Development Corp. (EDC) posted a 34-percent increase in core net income in the first nine months of the year on the back of higher electricity sales….
PHL 15.7% exports growth beats major Asian economies anew
By Leslie D. Venzon MANILA, Nov. 11 (PNA) — Merchandise exports earnings jumped by 15.7 percent in September 2014 amid the slow recovery in the global economy, enabling the Philippines topped trade-oriented…
Japanese firm to put up Php1.62-B facility in PHL
By Kris M. Crismundo MANILA, Nov. 11 (PNA) — Thermos, the Japanese stainless steel vacuum flasks maker, is investing in a Php1.62-billion manufacturing facility in the country, Department of Trade and Industry…
AirAsia Zest offers one centavo priced-base fare until next week
MANILA, Nov. 10 (PNA) — AirAsia Zest will offer seats on both domestic and international flights at a base fare of one centavo beginning Monday. In a statement, AirAsia said that this…
PSEi retreats below 7,200
MANILA, Nov. 10 (PNA) — Local shares prices tumbled below the 7,200-mark on Monday, extending their losing streak for a second day, on lack of positive leads. The barometer Philippine Stock Exchange…
San Miguel profit up 31% to Php23B in Jan-Sept
By Leslie D. Venzon MANILA, Nov. 10 (PNA) — Net income of Philippine conglomerate San Miguel Corp. (SMC) rose to Php23.2 billion in the first three quarters this year, up 31 percent…
4 oil companies to rollback prices Tuesday
By Juzel L. Danganan MANILA, Nov 10 (PNA) — Four oil companies — Petron Corporation, Chevron Philippines Incorporated (CPI), PTT Philippines Corporation and Phoenix Petroleum Philippines — will roll back prices of…
Globe Tattoo introduces new next-gen broadband solutions
By Azer N. Parrrocha MANILA, Nov. 8 (PNA) — Globe Telecom Inc.’s broadband brand Tattoo on Saturday said it unveiled new next-generation broadband solutions that cover both home and personal broadband connected…
Petron revenues up 13% to earns Php379.5 million in first nine months
By Juzel L. Danganan MANILA, Nov. 8 (PNA) — Petron Corp. consolidated revenues reached Php379.5 billion in the first nine months this year, or 13 percent higher than the Php335.9 billion during…
PSEi slip on profit taking
MANILA, Nov 7 (PNA) – The local stock market retreated anew on Friday due to profit taking. The bellwether Philippine Stock Exchange index (PSEi) declined 30.91 points to 7,205.72 from Thursday’s 7,236.63…
MB places Synergy Rural Bank, Inc. under PDIC receivership
MANILA, Nov 7 (PNA) — The Monetary Board (MB) placed the Synergy Rural Bank, Inc. under the receivership of the Philippine Deposit Insurance Corporation (PDIC) by virtue of MB Resolution No. 1753.A…
Smart opens pre-order page for iPhone 6, iPhone 6 Plus
By Azer N. Parrocha MANILA, Nov. 7 (PNA) — Smart Communications Inc. (Smart) announced on Friday that it has officially opened its pre-order page for those who want to claim their iPhone…