By Joann Santiago MANILA, Aug. 14 (PNA) — Robust earnings of its core businesses allowed Ayala Corporation to post a 34 percent year-on-year jump in net income in the first half of…
Category: Business & Economy
URC posts 14.5% net sales growth in end-June ‘14
MANILA, Aug 13(PNA) — Universal Robina Corporation (URC) on Wednesday reported the 14.5 percent increase in its net sales at the end of the third quarter of its fiscal year, which started…
PSBank H1 ’14 net income down to P1.1B
MANILA, Aug. 13 (PNA) — Net income of Metrobank Group’s thrift banking arm, Philippine Savings Bank (PSBank), fell to P1.1 billion in end-June 2014 from P2.9 billion same period in the previous…
Cebu Pacific net income up by 125% to P3.1-B in H1 ’14
By Azer N. Parrocha MANILA, Aug. 13 (PNA) — Cebu Air Inc. (Cebu Pacific) on Wednesday reported a 125 percent surge in its net income to P3.01 billion from P257 million in…
MB further liberalizes bank cross-selling framework; now includes collective investment schemes
MANILA, Aug. 12 (PNA) — The Monetary Board (MB) further liberalized its cross-selling framework by allowing banks to use their premises to market and sell collective investment schemes (CIS) to bank clients….
MPIC seeks discussions on LRT-1 Cavite Extension Project with concerned parties
By Azer N. Parrocha MANILA, Aug. 12 (PNA) — A discussion between parties involved in the Light Rail Transit Line 1 (LRT-1) Cavite Extension Project would be necessary for the project to…
PLDT’s fixed line business posts 6% gain to P28.1-B in 1H
MANILA, Aug. 12 (PNA) — The Philippine Long Distance Telephone Company (PLDT) reported significant growth in its fixed line business for the first half of the year by six percent year-on-year to…
Transco to temporarily do ‘labor of love’ on FIT rates
MANILA, Aug. 12 (PNA) — The National Transmission Corporation (TransCo) will temporarily apply a “labor of love” entry to its supposed charge on the Feed-in-tariff (FIT) rates in the collection for renewable…
Metrobank net income down 49.7% in 2014 H1
MANILA, Aug. 11 (PNA) — Loans and deposits continued to be robust but unaudited net income of Metropolitan Bank & Trust Company (Metrobank) in the first half of 2014 fell almost 50…
Megaworld profit surge by 289% to Php 16.4B in 1H 2014
MANILA, Aug 11 (PNA) — Publicly-listed property firm, Megaworld, has surged its profit in first half of 2014 by 289 percent to Php 16.4 billion from last year’s same period of Php…
Manulife to redeem 350M Canadian dollar-worth of preferred shares
MANILA, Aug 11 (PNA) — Manulife Financial Corporation on Monday announced its plan to redeem up to 350 million Canadian dollar worth of outstanding 14 million non-cumulative Series 1 preferred shares by…
FDI net inflows continue to surge in May 2014
MANILA, Aug. 11 (PNA) — Foreign direct investments (FDI) posted net inflows amounting to US$ 473 million in May 2014, a turnaround from the US$ 62 million net outflows registered in the…
Bicolana finds out there’s big money in corn farming
By Danny O. Calleja TIGAON, Camarines Sur, (PNA) -– At her young age, Angelita Abion wanted something else other than farming. She was born into a family of farmers in Barangay Libod…
Barugo cookie makers rising up from the rubble
BARUGO, Leyte, (PNA) — Producers of “roscas”, a local cookie of this town, is now on their road to recovery after suffering losses from last year’s super typhoon. Hampered by rising prices…
Russia’s import ban opens up export opportunities for Serbian producers
BELGRADE, (PNA/ITAR-TASS) – Russia’s response to Western sanctions opens “vast prospects” for exports from Serbia which has not joined sanctions against Russia over Ukraine, Serbian Chamber of Commerce and Industry’s president said…