Gov’t debt hits record high P13.86 trillion
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BW FILE PHOTO By Luisa Maria Jacinta C. Jocson, Reporter THE NATIONAL Government’s (NG) outstanding debt reached a record-high P13.86 trillion as…
Bank lending growth steady in March
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FREEPIK By Keisha B. Ta-asan, Reporter BANK LENDING steadied in March alongside a rise in domestic liquidity, despite aggressive rate hikes by…
Inflation, economic slowdown seen to hurt Philippines Inc.’s recovery
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Ayala Land Inc’s Tower One office building is seen at the heart of the Makati business district, March 11, 2016. — REUTERS/ROMEO…
ICTSI income up 8.7%, cites diversified portfolio
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INTERNATIONAL Container Terminal Services, Inc. (ICTSI) posted an 8.7% increase in first-quarter attributable net income to $154.61 million as revenues grew despite…
Globe sells telco towers for P5.4B
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GLOBE Telecom, Inc. has sold 447 telecommunications towers to Unity Digital Infrastructure, Inc. from which the Ayala-led company expects P5.4 billion in…
SEC clears Repower Energy’s initial public offering
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THE Securities and Exchange Commission (SEC) has cleared the registration of shares by Repower Energy Development Corp. for an initial public offering…
SM Prime posts 27% profit rise as businesses recover
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SY-LED SM Prime Holdings, Inc. reported a 27% increase in first-quarter consolidated net income to P9.4 billion after the rebound of its…
Metro Pacific poised to become SPNEC’s largest shareholder
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METRO Pacific Investments Corp. (MPIC) said on Monday that it had completed the acquisition of 1.6-billion common shares or an equivalent of…
Hollywood insiders predict writers strike to drag on through summer
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LOS ANGELES — The Hollywood writers’ strike that kicked off last week could last well into the summer and likely beyond, top…
JG Summit turns profitable with P4.4-billion net income
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JG Summit Holdings, Inc. booked a core net income of P4.4 billion in the first quarter, reversing a P689-million net loss a…