By Leslie D. Venzon MANILA, Nov. 7 (PNA) — Liquor firm Emperador Inc., a subsidiary of conglomerate Alliance Global Group Inc. (AGI), is selling about a 12-percent stake to GIC, Singapore’s sovereign…
Category: Business & Economy
PHL stocks rebound on global markets, earnings
MANILA, Nov. 6 (PNA) — Local shares rebounded from two-day losses, tracking gains posted in the United States and European bourses. The barometer Philippine Stock Exchange index (PSEi) increased 27.82 points to…
PLDT cuts 2014 profit outlook
By Azer N. Parrocha MANILA, Nov 5 (PNA) — The Philippine Long Distance Telephone Co. (PLDT) has cut its 2014 full-year profit outlook due to a reported decrease in its core net…
Peso ends Php45 to a USD on political dev’t in the US
MANILA, Nov. 6 (PNA) — Improvement of the political situation in the US after Republicans regained control of the Senate gave the US dollar further boost resulting to the Php45.00 close of…
MPIC net profit up 15% to Php6.5B in Jan-Sept
By Leslie D. Venzon MANILA, Nov. 6 (PNA) — Infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) posted a 15-percent increase in net profit in the first three quarters on the back of…
Global expatriates urged to invest in PHL
By Leslie D. Venzon MANILA, Oct. 31 (PNA) — Filipino global expatriates are being encouraged to invest now in the Philippines due to its steady economic growth. “It is now the best…
PHL stocks breach 7,200 mark
MANILA, Oct. 31 (PNA) –- Local share prices sustained their winning streak for a third day on Friday following the United States’ equities rally. The benchmark Philippine Stock Exchange index (PSEi) increased…
Quality power supply to sustain ease of doing business in PHL
By Kris M. Crismundo MANILA, Oct. 31 (PNA) — As the Philippines surged 53 notches in the Ease of Doing Business report of the World Bank (WB) and International Finance Corporation (IFC)…
New BSP regulation on risk management a plus for PHL banks – Moody’s
By Joann Santiago MANILA, Oct. 30 (PNA) — Moody’s Investors Service on Thursday dubbed as credit positive the latest regulation of the Bangko Sentral ng Pilipinas (BSP) putting a cap on the…
Premiere Horizon raising Php527-M in fresh funds for countryside projects
MANILA, Oct. 30 (PNA) — Listed Premiere Horizon Alliance Corporation expects to raise Php527 million in fresh funding for its countryside projects as the country prepares for next year’s ASEAN economic integration….
Philex Mining sees Php1-B profit in 2014
MANILA, Oct. 29 (PNA) — Pangilinan-led Philex Mining Corp. expects to book a profit of Php1 billion this year on improving gold and copper production. Philex reported a net income of Php950.6…
Emperador’s profit up 15% to Php1.5B in Q3
MANILA, Oct. 29 (PNA) — Listed liquor company Emperador Inc. reported a 15-percent increase in third-quarter (Q3) profit on stronger volume and higher margin. In a disclosure to the Philippine Stock Exchange,…
Generation composes 81% of Aboitiz Power Corp’s earnings
MANILA, Oct. 29 (PNA) — Aboitiz Power Corporation’s power generation assets has brought in 81 percent of its earnings for the three quarters of 2014. “The generation business accounted for 81 percent…
World noticing PHL’s sustainable growth — Tony Meloto
By Mary Ann T. Bardinas MANILA, Oct. 29 (PNA) — Gawad Kalinga founder Antonio Meloto on Wednesday said that the world is beginning to notice the Philippines’ sustainable and inclusive growth. Speaking…
Globe, Smart to offer iPhone 6, iPhone 6+ next month
MANILA, Oct. 29 (PNA) — Two of the largest telecommunications companies in the country on Wednesday announced they will be offering iPhone 6 and iPhone 6+ starting next month. In a statement,…