Advertisements


CLI reservation sales hit P2.7B in 1st quarter amid strong demand

CEBU Landmasters, Inc. (CLI) said reservation sales jumped 24% in the first quarter, keeping the property developer on track to hit its P7-billion target this year. In a statement, CLI said it sold P2.7 billion worth of projects in the Visayas and Mindanao, which represent 38% of the full-year target. This is also the company’s […] The post CLI reservation sales hit P2.7B in 1st quarter amid strong demand appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineApr 16th, 2018

PH economy grew 6.9% in third quarter

The Philippine economy rose at a faster pace in the third-quarter of the year amid the recovery of the export sector along with strong public spending and robust domestic demand, Socioeconomic Planning Secretary Ernesto E. Pernia said Thursday. #BeFullyInformed PH economy grew 6.9% in third quarter The Philippine economy rose at a faster pace in… link: PH economy grew 6.9% in third quarter.....»»

Category: newsSource:  manilainformerRelated NewsJan 6th, 2018

Globe Q3 profit rises amid strong demand for data

By Arra B. Francia, Reporter EARNINGS of Globe Telecom, Inc. attributable to the parent soared 76% in the third quarter of 2017, as the company continued to benefit from the expansion of its data segment in mobile and home broadband. In a regulatory filing on Friday, the telecommunications giant said it delivered a net income […] The post Globe Q3 profit rises amid strong demand for data appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 3rd, 2017

Corporate News: DMCI Homes reservation sales to hit P25.5 billion for Dec.-June

THE property arm of DMCI Holdings, Inc., the holding firm of the Consunji family, will hit its 12-month target for reservation sales this month on strong demand for its projects in Metro Manila and key urban cities......»»

Category: financeSource:  bworldonlineRelated NewsJun 6th, 2017

Wilcon's IPO meets strong demand

WILCON Depot, Inc.'s P7-billion initial public offering (IPO) received strong interest from domestic investors, encouraged by the company's prospects and pent-up demand amid the dearth of maiden share sales, the issue manager of the deal said......»»

Category: newsSource:  bworldonlineRelated NewsMar 26th, 2017

Q2 hiring outlook positive amid strong growth — Monster.com

EMPLOYERS are expected to remain positive about hiring in the Philippines in the second quarter because of strong economic growth and investment, online hiring firm Monster.com said. Monster.com Chief Executive Officer for Asia Pacific and the Middle East Abhijeet Mukherjee said in a statement that this was “no suprise” as the investment outlook remained upbeat. […] The post Q2 hiring outlook positive amid strong growth — Monster.com appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 19th, 2018

IT-BPM companies fuel Q1 office space demand

THE information technology-business process management (IT-BPM) sector continued to fuel demand for office spaces in the first quarter, amid the retention of tax perks for outsourcing companies. A first-quarter office market report by real estate consultancy firm Pronove Tai International showed that IT-BPM accounted for more than half of the actual take-up for office spaces […] The post IT-BPM companies fuel Q1 office space demand appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 18th, 2018

Q1 sales slowed for vehicle importers

Vehicle importers suffered a sales slowdown in the first quarter as higher auto excise taxes dampened demand for new purchases......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2018

Meralco Q1 power sales rise 7% on strong economic growth

MANILA Electric Co. (Meralco) estimates that electricity sales increased by around 7% in the first quarter as its consumer segments recorded growth during the period, the head of the distribution utility said. “In terms of sales, [growth was] maybe . . . around 7% higher [year on year],” Oscar S. Reyes, Meralco president and chief […] The post Meralco Q1 power sales rise 7% on strong economic growth appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 16th, 2018

Samsung Electronics flags record $14.7-B Q1 operating profit

SEOUL, South Korea – Samsung Electronics flagged Friday, April 6, a first-quarter operating profit of 15.6 trillion won ($14.7 billion), a record for any three-month period, as it benefited from soaring demand for its memory chips for mobile devices. Sales for January to March are expected to reach 60 trillion ........»»

Category: newsSource:  rapplerRelated NewsApr 6th, 2018

Strong Q4 sales boost Philippine Seven profit

THE Philippine licensee of the 7-Eleven chain of convenience stores relied on the strength of a strong fourth-quarter performance to turn in a double-digit growth in earnings last year. Philippine Seven Corp. (PSC) reported a 12.1% jump in net income to P1.32 billion last year from P1.18 billion in 2016, according to a disclosure to […] The post Strong Q4 sales boost Philippine Seven profit appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 4th, 2018

Gov’t exploring more offshore debt sales

THE GOVERNMENT is lining up more offshore debt issues after the renminbi-denominated notes it sold as the week began met strong demand, the Budget chief said on Wednesday. “We are exploring other bonds… Japanese bonds,the Samurai… we are exploring all the possibilities,” Budget Secretary Benjamin E. Diokno told reporters during a press briefing in Manila […] The post Gov’t exploring more offshore debt sales appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 21st, 2018

PH sells P12B panda bonds amid strong demand

The Philippines has sold 1.46 billion renminbi or almost P12 billion in three-year panda bonds amid strong demand, although at a higher yield than the prevailing market rate in China. From Beijing, National Treasurer Rosalia V. de Leon said lateTuesdaythat the country's first panda bond issuance generated 9.22 billion renminbi in bids or 6.32 times bigger than the approved issue size. Quoting a report from de Leon, Finance Secretary Carlos G. Dominguez III told reporters in a text messageTuesdaynight that "the achieved coverage ratio is the largest all-time among any sovereign panda issuance." "With substantial demand, we were able to push coupon to lower end of price target of ...Keep on reading: PH sells P12B panda bonds amid strong demand.....»»

Category: newsSource:  inquirerRelated NewsMar 21st, 2018

Petron 2017 income jumps 30%

Petron Corp. yesterday said its consolidated net income surged by 30 percent to P14.1B in 2017 from P10.8 billion in the previous year given strong retail volumes. "We were able to capture the increase in fuel demand with the robust growth of the Philippine and Malaysian economies," Petron president and chief executive Ramon S. Ang said in a statement. "Underpinned by large-scale infrastructure projects, we see strong demand growth in both markets over the medium-term and this bodes well for our business," Ang said. Similarly, the oil refiner's consolidated sales revenue jumped by 26 percent to P434.6 billion last year from P343.8 billion in 2016. Further, operating income le...Keep on reading: Petron 2017 income jumps 30%.....»»

Category: newsSource:  inquirerRelated NewsMar 14th, 2018

Analysts on banks’ stocks: Aggressive purchase and hold at current levels

By Carmina Angelica V. Olano THE GROWTH of banking stocks during the quarter accelerated, an uptrend which analysts attribute to lenders’ impressive corporate earnings. For this year, they also signaled an “overweight” on the sector, amid favorable interest rate environment and sustained strong economic fundamentals. The Philippine Stock Exchange index (PSEi) breached the 8,500 level […] The post Analysts on banks’ stocks: Aggressive purchase and hold at current levels appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 28th, 2018

Risks ahead for financial markets in 2018

THE LAST THREE MONTHS of 2017 were, for the most part, a good quarter for local financial markets amid strong economic growth, stock market record-highs, and the passage of the first package of the tax reform program. Last month, the Philippine Statistics Authority reported the Philippine economy expanding in the fourth quarter by 6.6%. While […] The post Risks ahead for financial markets in 2018 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 28th, 2018

Analysts on banks’ stocks: Aggressive purchase and hold at current levels (4th Quarter Banking Report 2017)

By Carmina Angelica V. Olano THE GROWTH of banking stocks during the quarter accelerated, an uptrend which analysts attribute to lenders’ impressive corporate earnings. For this year, they also signalled an “overweight” on the sector, amid favourable interest rate environment and sustained strong economic fundamentals. The Philippine Stock Exchange index (PSEi) breached the 8,500 level […] The post Analysts on banks’ stocks: Aggressive purchase and hold at current levels (4th Quarter Banking Report 2017) appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 28th, 2018

Alveo’s sales take-up at record P45.6B

Alveo Land, the biggest property brand under Ayala Land group, posted a banner year in 2017 as sales take-up hit a record high P45.6 billion, driven by strong demand for urban dwellings in Metro Manila and Southern Luzon. The sales take-up last year - a good indicator of revenue growth in the coming years - increased by 20 percent from the previous year, allowing Alveo to meet its goal for the year. This year, Alveo expects to sustain the momentum and top last year's sales output, Alveo president Jennylle Tupaz said in a press briefing on Tuesday. "(This) 2018 is all about raising our game," Tupaz said. Around P40 billion of fresh property inventory will be launched thi...Keep on reading: Alveo’s sales take-up at record P45.6B.....»»

Category: newsSource:  inquirerRelated NewsFeb 28th, 2018

CIC aims to boost sales of air-conditioners

CONCEPCION INDUSTRIAL Corp. (CIC) is aiming to grab a bigger share of the market for air-conditioners, as it launches new products leveraging on the Internet of Things (IoT). In a roundtable interview with reporters on Wednesday, CIC Chairman, CEO and President Raul Joseph A. Concepcion said demand for air-conditioners is rising amid the economy’s growth […] The post CIC aims to boost sales of air-conditioners appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 21st, 2018

Consumption growth could ease due to tax reform — ANZ

Consumer spending could ease in response to higher commodity prices due to tax reform, analysts at ANZ Research said. “Domestic demand is strong and is likely to remain so. However, the risk of some moderation in consumption growth remains. The growth in car sales had eased significantly in January. While take-home pay is higher for […] The post Consumption growth could ease due to tax reform — ANZ appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 21st, 2018

Jollibee nets P7.09B

Fast-food giant Jollibee Foods Corp. grew its net profit attributable to equity holders of parent firm by 15 percent last year to P7.09 billion on a record store rollout program and strong same-store sales. For the fourth quarter alone, JFC's attributable net profit rose by 11.7 percent year-on-year to P1.98 billion, Asia's most valuable restaurant chain disclosed to the Philippine Stock Exchange on Wednesday. The full-year performance brought JFC's return on equity to 19.3 percent, stable from 19.2 percent in the previous year. System-wide sales grew by 15.2 percent for the whole year to P171.77 billion, driven by the expansion of its store network and strong same-store sal...Keep on reading: Jollibee nets P7.09B.....»»

Category: newsSource:  inquirerRelated NewsFeb 14th, 2018