Ayala poaches Credit Suisse Philippines head Uy for M&A, sources say
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Credit Suisse Group AG’s head of the Philippines Mark Robert Uy is leaving the bank and joining Ayala Corp. in August. Uy…
Q1 investment pledges hit P172.7B
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APPROVED foreign investment pledges reached P172.7 billion in the first quarter, the statistics agency said. — PHILIPPINE STAR/EDD GUMBAN By Abigail Marie…
Instead of rate cuts, BSP may reduce banks’ RRR
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The Bangko Sentral ng Pilipinas main office in Manila. MACTAN, Cebu — The Bangko Sentral ng Pilipinas (BSP) might reduce banks’ reserve…
Up to 100,000 PHL jobs may become obsolete in next 3-4 years
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REUTERS AS MANY AS 100,000 jobs in the Philippines might be at risk and could become obsolete amid “rapid global digitalization,” according…
Rising credit card usage may lead to spike in household debt
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GROSS CREDIT CARD billings surged by 47% to P410 billion in the first quarter, data from the Credit Card Association of the…
Business units drive GT Capital’s 52% profit rise
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GT CAPITAL Holdings, Inc. booked a consolidated net income of P6.64 billion in the first quarter, up 52% from P4.4 billion a…
FDC posts ‘solid recovery’ as businesses’ earnings surge
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FILINVEST Development Corp. (FDC) on Tuesday reported a surge in attributable net income to P2.2 billion in the first quarter from P874.2…
Sia-led DoubleDragon, MerryMart book double-digit income growth
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TWO LISTED companies led by Edgar J. Sia II reported double-digit income growth for the first quarter while his listed real estate…
PetroEnergy unit to acquire two existing solar projects in Luzon
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YUCHENGCO-LED PetroEnergy Resources Corp. said its renewable energy arm PetroGreen Energy Corp. is set to acquire two existing solar power projects in…
AyalaLand Logistics’ profit down 9% to P178 million as revenues dip
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AYALALAND Logistics Holdings Corp.’s attributable net income went down by 9.4% to P178.12 million in the first quarter from P196.61 million in…