MOSCOW, (PNA/RIA Novosti) — U.S. food and beverage corporation PepsiCo is evaluating the damage Russia’s import ban will cause its Russia, Ukraine and CIS branch but said all its products sold in…
Category: Business & Economy
Former agri chief bats for more investment in agri-business thru research
By Jade D. Miguel MANILA, (PNA) — A former agriculture secretary and now head of an international research institute on Friday urged the government to invest more on promoting agri-business through the…
Globe’s net income up 385% to P6.8-B in 2014 H1
By Azer N. Parrocha MANILA, Aug. 6 (PNA) — Globe Telecom Inc. on Wednesday released its first-half consolidated net income this year, which is up by 385 percent to Php 6.8 billion…
Tetangco reiterates strength of PHL macroecomic fundamentals
By Joann Santiago MANILA, Aug 6 (PNA) — Filipinos need not fear that recent gains of the Philippine economy and its impact on the lives of the people will go kaput on…
Petron Corporation earns Php3-B in H1 of 2014
MANILA, Aug. 6 (PNA) — Petron Corporation reported earnings of Php3 billion for the first half of 2014, which was attributed from higher gas sales both in the Philippines and in Malaysia….
PHL starts domestic debt swap, eyes issuance of at least P60B new securities
MANILA, Aug 6 (PNA) — The Bureau of the Treasury (BTr) on Wednesday announced the government’s offer to swap government securities maturing from September 2014 until June 2024. In a statement, the…
First Gen Corporation signs 97 MW supply contract with Istroenergo Group
MANILA, Aug. 4 (PNA) -– First Gen Corporation’s (FGC’s) subsidiary, Prime Meridian Powergen Corporation (PMPC), has signed on Friday the 97 Megawatts (MWs) supply contract with Istroenergo Group (IEG), to execute the…
PSEi sustains improvement Monday, peso ends sideways vs. USD
MANILA, Aug 4 (PNA) — The local bourse sustained its gains Monday and the Philippine peso recovered after depreciating Friday. The Philippine Stock Exchange index (PSEi) further gained by 1.51 percent or…
Sy-led SM Prime revenue hits Php33-B in Jan-June period
MANILA, Aug. 4 (PNA) — Sy-led listed firm SM Prime Holdings Inc. hit a total revenue of Php33.42 billion in the first six months of the year — 7.0 percent higher than…
DoubleDragon profit up 526% in H1 ’14
MANILA, Aug. 4 (PNA) — Publicly-listed firm DoubleDragon Propeties Corporation has surged its net income by 526 percent in first half of this year from last year’s same period. In a disclosure…
BSP cites importance of capitalizing the central bank
By Joann Santiago MANILA, July 29 (PNA) — A ranking Bangko Sentral ng Pilipinas (BSP) official countered allegations that the poor will not benefit from a well-capitalized central bank. BSP Deputy Governor…
Go Negosyo Act to boost development of MSMEs
MANILA, July 28 (PNA) — The approval of Republic Act 10644: An Act Promoting Job Generation and Inclusive Growth through the Development of Micro, Small and Medium Enterprises or the “Go Negosyo…
Greenergy Holdings Inc signs incorporation documents of Lite Speed Technologies Inc
MANILA, July 28 (PNA) – Greenergy Holdings Incorporated (GHI), along with IT Group Inc. and Fab People Inc, has signed the incorporation documents of Lite Speed Technologies Inc, a proposed venture corporation…
Meralco’s net income up by 2% to Php9.6-B
MANILA, July 28 (PNA) — The Manila Electric Company’s (Meralco’s) net income was up by 2 percent from Php 9.4 billion to Php9.6 billion, according to the company’s financial results for the…
President Aquino cites BSP recapitalization, investment grades as major economic achievements
MANILA, July 28 (PNA) — President Benigno S. Aquino III cited the completion of the P50-billion recapitalization of the Bangko Sentral ng Pilipinas (BSP), as well as investment grades received by the…