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Vehicle sales seen to reach 500,000 units this year
Vehicle sales in the country may hit 500,000 unit sales this year, driven by new models and production as well as better economic performance......»»
UnionBank profit down 28 percent to P9.2 billion in 2023
The earnings of Union Bank of the Philippines dropped by 27.8 percent to P9.2 billion in 2023 from P12.74 billion in 2022, as the listed bank booked higher provisioning and integration costs from the takeover of the retail banking business of global banking giant Citi in the Philippines......»»
MerryMart increases 2030 VISION annual sales target 25% to P150-B
MerryMart, the grocery and consumer products chain founded by Injap Sia, said in a press release that it has updated its 2030 VISION goal from P120 billion in annual consolidated systemwide sales revenue to P150 billion......»»
MMDA eyes more stations for Pasig River Ferry
The Metropolitan Manila Development Authority plans to build more stations for the Pasig River Ferry Service, an official said yesterday......»»
SMC scraps plans to build P100 billion Pasig River tollway
Diversified conglomerate San Miguel Corp. will no longer pursue its plan to build a toll road on the Pasig River, succumbing to pressure from opposition groups......»»
MREIT income climbs in 2023
MREIT Inc., the real estate investment trust company of Andrew Tan-led Megaworld Corp., reported a 13 percent expansion in distributable income to P2.8 billion last year......»»
Private firms to bankroll P18 billion Pasig rehab
The country’s top businessmen are backing the government’s rehabilitation of the Pasig River, a vital waterway and prominent landmark and tourist attraction......»»
Jollibee FY23 profit: P8.8-B (up 16%)
Jollibee posted an FY23 net income attributable of P8.8 billion, up 16% from its FY22 net income of P7.6 billion. Systemwide sales were up 16.3% to P345 billion, with the biggest growth coming from China (+21.9%), the Philippines (+17.6%) and EMEA (+16.0%)......»»
MerryMart hikes 2030 sales target to P150 billion
MerryMart Consumer Corp. of tycoon Edgar “Injap” Sia II is raising its sales revenue target for 2030 by 25 percent as it ramps up its expansion......»»
Residential electricity rate up by P0.13 for March – April billing
Visayan Electric residential consumers will experience an increase of P0.13 per kWh in their March – April billing. The hike, which is caused by an increase in the transmission charges imposed by the National Grid Corporation of the Philippines (NGCP), brings the total electricity rate from P11.25 per kWh of the previous month to P11.38.....»»
Vehicle sales rev up by 23% in February
Vehicle sales accelerated by more than a fifth in February from a year ago, supported by automotive firms’ marketing efforts as well as stable interest rates......»»
Philippine food firms’ sales hit $133 million in Dubai fair
Philippine food companies generated $133 million worth of export sales from a food trade show held in Dubai last month, according to the Center for International Trade Expositions and Missions......»»
Xinhua world economic news summary at 0900 GMT, March 18
BEIJING -- Global new energy passenger car sales are predicted to exceed 39 million units by 2030, said a report obtained during the China EV100 Forum 2024 concluded Sunday in Beijing. That will mark a penetration rate of almost 50 percent, rising from the nearly 20 percent in 2023 with the sales of over 13 million units, according to the report issued by China EV100, a new energy vehicle (NEV) industry think ta.....»»
Training on ICC model for international sales contracts
The Center for Global Best Practices will host an in-person training on the International Chamber of Commerce model for international sales and contracts, its relevant rules, standards and practices, on April 23, from 9 a.m. to 5 p.m. at the EDSA Shangri-La Hotel, Mandaluyong City......»»
Game developers generate $2.4 million in export sales
Game developers generated $2.42 million in export sales from the country’s first Game Development Summit organized by the Department of Trade and Industry......»»
Vehicle sales off to fast start in January
Car sales continued to rise in January, expanding by 15.5 percent to 34,060 units from 29,499 units in the same period last year, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. and the Truck Manufacturers Association......»»
Meralco expects energy sales to grow this year
Despite a projected slowdown in demand from the commercial segment, the Manila Electric Co. (Meralco) still expects its energy sales to improve by 4.5 percent this year......»»
Petron earnings grow 16 percent to P3.9 billion in Q1
The net income of Petron Corp. went up by 16 percent to P3.93 billion in the first quarter from P3.4 billion in the same quarter last year on the back of higher sales volume......»»
Trealva residential community in Midlands West breaks ground
Midlands West, the newest residential district in Tagaytay Highlands, has broken ground for its first community which integrates eco-centric living in a luxury mountain resort environment......»»
RLC kicks off 2024 residential launches with Cubao condo
Gokongwei-led Robinsons Land Corp. is kicking off its new residential project pipeline for 2024 on a high note with the launch of its latest property, Mira Residences, in Quezon City......»»