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Monetary, fiscal authorities vow timely intervention

Monetary and fiscal authorities vowed swift and timely action amid the extraordinarily volatile markets due to external and domestic headwinds that continue to affect the Philippines......»»

Source: Philstar PhilstarCategory: Finance8 min. ago Related News

Turkey woes spread to local stocks

Stock market investors remained jittery over the possible impact of the Turkey contagion even as monetary and fiscal authorities assured timely intervention in extraordinarily volatile markets so as not to stun growth......»»

Source: Philstar PhilstarCategory: Finance8 min. ago Related News

Meralco earnings jump 14% to P11.97 B

Manila Electric Co. (Meralco) said its first semester net earnings rose by 14 percent to P11.97 billion, driven by higher electricity sales volume......»»

Source: Philstar PhilstarCategory: Finance8 min. ago Related News

EastWest Bank profit shrinks 11% to P2.2 B in H1

The rural banking arm of Gotianun-led East West Banking Corp. continued to drag the earnings of the listed bank, declining by a double-digit rate of 11 percent in the first half......»»

Source: Philstar PhilstarCategory: Finance8 min. ago Related News

PCC studies DTI request to probe charges by foreign shipping lines

The Philippine Competition Commission (PCC) needs more time and data to look into the request of the Department of Trade and Industry (DTI) to review excessive charges imposed by foreign shipping lines on Philippine importers and exporters as it is determining whether the matter is within its mandate......»»

Source: Philstar PhilstarCategory: Finance8 min. ago Related News

SBITC, Royal Cargo team up for expansion

ICTSI subsidiary Subic Bay International Terminal Corp. (SBITC) has teamed up with Royal Cargo Inc. to provide seamless movement of goods to and from North and Central Luzon (NCL) and help small and medium-sized enterprises expand their operations......»»

Source: Philstar PhilstarCategory: Finance8 min. ago Related News

Ayala, Aboitiz partner for nat’l ID infra system

Ayala Corp. and Aboitiz Equity Ventures, two of the country’s biggest conglomerates, teamed up to vie for the government’s national ID infrastructure system......»»

Source: Philstar PhilstarCategory: Finance8 min. ago Related News

Megawide acquires property management firm for P344 M

Megawide Construction Corp. has taken full ownership of Walter Mart’s WM Property Management Inc. (WMPMI) in a bid to boost its foothold in the transportation infrastructure industry......»»

Source: Philstar PhilstarCategory: Finance8 min. ago Related News

Cosco Capital income up 20.7% to P2.7 B

Lucio Co’s retailing giant Cosco Capital Inc. grew its net profit by 20.7 percent to P2.66 billion, driven by continued economic growth and higher consumer spending as a result of the tax reform law......»»

Source: Philstar PhilstarCategory: Finance8 min. ago Related News

DMCI Holdings posts 21% hike in Jan-June earnings

DMCI Holdings Inc., an infrastructure and engineering conglomerate by the Consunji family, reported a 21 percent jump in first-half earnings to P9.2 billion, buoyed by higher contributions from its real estate, coal mining, construction, nickel mining and water businesses......»»

Source: Philstar PhilstarCategory: Finance8 min. ago Related News

Energy unit boosts Lopez Holdings’ second-quarter earnings

LOPEZ Holdings Corp. reported a net income of P1.03 billion in the second quarter, higher by 43% compared with year ago’s P721-million profit attributable to the equity holders of the parent firm, with the stable showing of its energy unit boosting the quarterly results. The post Energy unit boosts Lopez Holdings’ second-quarter earnings appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance3 hr. 21 min. ago Related News

DoubleDragon profit surges in 2nd quarter

DOUBLEDRAGON Properties Corp. on Tuesday said its second quarter consolidated net income more than doubled to P513.5 million, boosted by rental revenues from its community malls and offices. The post DoubleDragon profit surges in 2nd quarter appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance3 hr. 21 min. ago Related News

Robust sales boost SSI bottom line in Q2

EARNINGS of SSI Group, Inc. increased by 8% during the second quarter, fueled by a 13% growth in same-store sales. The post Robust sales boost SSI bottom line in Q2 appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance3 hr. 21 min. ago Related News

DMCI profit hits P5 billion in Q2

DMCI Holdings, Inc. registered a net income of P5 billion in the second quarter, up by nearly 39% compared with the P3.6 billion posted a year ago, with most of its business segments performing well except for the power business. The post DMCI profit hits P5 billion in Q2 appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance3 hr. 21 min. ago Related News

Jollibee Q2 income jumps 15% amid expansion

STRONG sales from its fastfood businesses in the Philippines and abroad helped lift Jollibee Foods Corp.’s (JFC) earnings 15% higher in the second quarter. The post Jollibee Q2 income jumps 15% amid expansion appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance3 hr. 21 min. ago Related News

AEV, Ayala submit unsolicited proposal for national ID system

A CONSORTIUM which includes the Ayala and Aboitiz groups submitted to the government an unsolicited proposal for the design and development of the national identification (ID) system. The post AEV, Ayala submit unsolicited proposal for national ID system appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance3 hr. 21 min. ago Related News

Kick-start your dream venture with a personal loan

Entrepreneurship is alive and well in the Philippines, with micro, small and medium-sized enterprises (MSMEs) growing by the day as more Filipinos engage in the activity. According to data from the Department of Trade and Industry, there were 911,768 MSMEs operating in 2016, accounting for 99.57% of all registered businesses. This figure was 1.7% higher […] The post Kick-start your dream venture with a personal loan appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance3 hr. 21 min. ago Related News

Executive-House budget impasse elevated to Duterte and Arroyo

IT may take a sitting President and a former president-turned Speaker to break the current deadlock between the Executive and the House of Representatives over the P3.757-trillion national spending plan proposed for next year. The post Executive-House budget impasse elevated to Duterte and Arroyo appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance3 hr. 21 min. ago Related News

DoF says 7.7% GDP expansion this semester ‘still possible’

A BLISTERING 7.7% gross domestic product (GDP) expansion this semester — needed for the economy to hit the bottom of an official full-year target for 2018 — may still be “possible” on the back of strong capital formation, according to a senior official of the Department of Finance (DoF). The post DoF says 7.7% GDP expansion this semester ‘still possible’ appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance3 hr. 21 min. ago Related News

Fitch: Rate hikes could weigh on growth

THE CENTRAL BANK’s stronger tightening step last week could initially dampen growth, a Fitch Ratings analyst said, although robust domestic demand should continue to support expansion. The post Fitch: Rate hikes could weigh on growth appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance3 hr. 21 min. ago Related News