Filipino consumers turned less pessimistic in the first three months of the year as higher paying jobs became more available while favorable weather across the country resulted in bountiful harvests.
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MANILA, Philippines – Lopez Holdings posted P877 million in net income attributable to equity holders of the parent in the first three months of 2014.
The Philippine Stock Exchange (PSE) snapped a four-day rally today as China reported another drop in factory production, dragging most Asian markets. Meanwhile, the PSE and the PLDT group talked about giving start-ups access to the market.
Oil prices sank Thursday, despite some encouraging economic data in the US, China and Europe, as traders kept an eye on the Ukraine crisis and Middle East tensions.
MANILA, Philippines – The dispatch of Metro Rail Transit-3 (MRT-3) express trains during rush hours has been put on hold by the Department of Transportation and Communications (DOTC).
ABS-CBNmobile subscribers can enjoy free mobile messaging services from South Korea’s KakaoTalk even without internet connection.
MANILA, Philippines – The Office of the US Trade Representative (USTR) should consider removing the Philippines from its list of countries with intellectual property rights (IPR) violations amid the country’s efforts to put a stop to counterfeiting and piracy, US-based research organization Center for Strategic and International Studies (CSIS) said.
MANILA, Philippines – The Department of Justice will proceed with its investigation into Manila Electric Co.’s (Meralco) unprecedented P4.15 per kilowatt hour rate hike late last year, despite the Energy Regulatory Commission’s (ERC) ruling that voided the rate adjustment.
The energy department says Luzon is in danger of power outages as early as summer next year due to a projected supply shortfall. Now, more businessmen are calling for emergency powers for President Aquino. Alvin Elchico reports. — ANC Business Nightly, July 8, 2014
Majority of senior business executives belonging to the Makati Business Club see brighter prospects for the Philippine economy this year, with expectations of a sustained gross domestic product (GDP) growth and higher exports and investments.
It was the classic case of the child outshining the parent. As Belle Corp. moved to transfer its gaming assets to subsidiary Sinophil Corp., shares of the latter sizzled as the market priced in its transformation into a gaming holding firm comparable to Melco Crown (Philippines) Resorts Corp. On the other hand, interest on parent firm Belle waned.