The Philippine’s oldest conglomerate Ayala Corporation, reported a 79 percent fall in net income to P7.9 billion in the first half of the year to lower earnings of its banking and property units. The conglomerated… Read More »Ayala Corp H1 income -79% to P7.9 B.
Media giant GMA Network Inc. is buying back all the Philippine Deposit Receipts (PDRs) it had sold to foreigners to defend their investments after lawmakers voted not to renew the franchise of the rival media… Read More »GMA7 PDR buyback
Jefferies Hong Kong Limited today announced that it has established a co-brand agreement with Regis Partners Inc. (formerly Deutsche Regis Partners Inc.), one of the largest equity brokerage houses in the Philippine Stock Exchange (PSE).… Read More »Jefferies co-brand agreement with Regis Partners
A 200-day delay in the processing of permits for the construction of cell towers for telecommunication companies is “unacceptable”, Shorten the process for telco towers, President Rodrigo Duterte said late Monday night. A total of… Read More »Pres. Shorten the process for telco towers
The Philippine government has increased allotted budget for 2021 infrastructure projects as the World Bank noted that the quality of road, power, and water infrastructure in the Philippines lagged behind those of ASEAN countries. The… Read More »P1.12 Trillion for 2021 Infrastructure Projects
The country’s fast-food giant Jollibee Foods Corp.(JFC) booked a net loss of P10.2 billion in the second quarter of the year, reversing its P1.04-billion profit in the same period last year. The company is bleeding… Read More »JFC Q2 net loss P10.2B
SM Prime Holdings Inc., one of the largest property developers in Southeast Asia, said on Monday disclosed a 46-percent decline in consolidated net income in the first half of 2020 to PHP10.4 billion, from PHP19.3… Read More »SM Prime profit down by 46%
Internet service provider Converge ICT Solutions, Inc. aims to connect “millions of unserved and underserved” households and businesses by 2021 as it focuses on expansion in the coming years. Dennis Anthony H. Uy, founder, and… Read More »Converge ICT boost expansion nationwide
Scam Alert! The Securities and Exchange Commission (SEC) to shutdown get rich quick scams. These companies are NOT REGISTERED with the Commission or OPERATE WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, accept or take investments/placements from the… Read More »12 New Scam Alerts! July 2020
London-based Capital Economics said that the Philippines’ gross domestic product (GDP) likely slid by almost a fifth year-on-year during the second quarter at the height of the longest and most stringent coronavirus disease 2019 (COVID-19)… Read More »Philippines’ GDP contracted by 18 percent year-on-year