Globe Telecom first quarter net income down 13 percent
May 10, 2017
Globe Telecom Inc. said net income fell by 13 percent in the first quarter mostly due to acquiring San Miguel Corp. telco assets and aggressive network modernization. The Ayala-run telco said net income dropped to P3.8 billion in the January
Foreign direct investments grew 7 percent in February; hit $1.1b in Jan-Feb
May 10, 2017
Foreign direct investments (FDI) net inflows increased by seven percent in February to $366 million from $342 million in the same period in 2016, the central bank said Wednesday. More than two-thirds of FDI net inflows were in the form
Gov’t losing P145b from non-adjustment of fuel excise taxes: DOF
May 10, 2017
Non-adjustment of fuel excise taxes for the past two decades has cost the government an estimated P145 billion annually in foregone revenues (in 2016 prices) or about one percent of gross domestic product, the finance department said in statement Wednesday.
Manufacturing strengthens in March
May 10, 2017
The National Economic and Development Authority (NEDA) said Wednesday the manufacturing sector grew in March following the increased production in petroleum products, food, and transport equipment. The Philippine Statistics Authority said in its Monthly Integrated Survey of Selected Industries (MISSI)
Stock index hits intra-day record but retreats to close lower
May 9, 2017
The Philippine stocks index cracked a key barrier of 8,000 points in early trading before retreating ie to profit-taking on Tuesday. The Philippine Stock Exchange Index closed 38.53 points lower to 7,923.50 points. Ten minutes after the opening bell, the
Max’s Group first quarter sales, profits up
May 9, 2017
Max’s Group Inc. systemwide sales rose 10 percent to P3.93 billion for first quarter 2017 from P3.58 billion for first quarter 2016. Topline growth came in at nine percent to P2.91 billion from P2.68 billion as of March 31 2016.
Stock index finish at year’s highest
May 8, 2017
Stocks climbed on Monday, tracking regional markets which soared after the result of the French presidential elections. The Philippine Stock Exchange index closed at 7,.962.33, up 120.34, and its highest for the year. At the broader marker, there were 116
Inflation remains at 3.4% in April
May 5, 2017
Slower price adjustments in electricity and gas and slightly higher prices of food commodities kept inflation at the same rate as with the previous month at 3.4 percent in April, according to the National Economic and Development Authority (NEDA). But
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