Central bank raises P100 billion at auction
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BW FILE PHOTO The Philippine central bank raised P100 billion from short-term securities it sold at an auction on Friday as rates…
Meralco power rates to increase in May
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PHILIPPINE STAR/MICHAEL VARCAS POWER rates in the Manila Electric Co. (Meralco) service area are expected to rise in May with the typical…
Metro Manila hog deliveries approaching 390,000
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HOG deliveries to Metro Manila from various parts of the country are nearing 390,000 animals as the authorities seek to expand the…
Globe income rises 11% on lower non-operating charges, CREATE law
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Globe Telecom, Inc. announced on Friday an 11% increase in its first-quarter attributable net income, owing to a newly signed tax relief…
PSALM: 'winning' negotiator offers P3B for Malaya power plant
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State-led Power Sector Assets and Liabilities Management Corp. (PSALM) has declared Fort Pilar Energy Inc. as the winning entity in the negotiated…
Robinsons Land earnings dip but ‘positive outlook’ seen ahead
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Robinsons Land Corp.’s net income for the first quarter fell by 13% to P2.9 billion year on year despite a double-digit growth…
AyalaLand Logistics’ profit up 10% on prudent spending
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AyalaLand Logistics Holdings Corp. saw 10% profit growth in the first three months to P165 million, it said in regulatory filing on…
Atlas Mining swings to profit on higher copper prices
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Atlas Consolidated Mining and Development Corp. on Friday reported a first- quarter net income of P420 million, a turnaround from its losses…
Roxas Holdings’ losses pile up as La Niña hits sugar output
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ROXAS HOLDINGS, Inc. suffered a P333.39-million attributable net loss during its fiscal year’s January-March second quarter due to the effects of the…
SMIC’s MyTown reports 70% increase in staff housing demand
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SM Investments Corp.’s (SMIC) MyTown brand reported an increase in demand for staff housing over the past year as companies adjusted operations…