PLDT net income for 2016 down by nine percent to P22.07 billion
March 7, 2017
PLDT Inc. on Tuesday announced a consolidated core profit of P27.9 billion last year, down by 21 percent due to higher spending to support expansion of its fixed and mobile network. “We faced very tough tests in the past year
February inflation hits three-year high
March 7, 2017
Inflation in February 2017 rose to 3.3 percent from 2.7 percent in the previous month as prices of food and non-food items rose, the Philippine Statistics Authority (PSA) said Tuesday. The figure last broke through the three percent range in
Peso closes at P50.395 against US dollar
March 6, 2017
The Philippine peso remained at ten-year lows against the US dollar as it settled at P50.395, a gain of five centavos from Friday. The peso opened at P50.40 but traded at a high of P50.36 in morning trading. Volume
Gov’t to earmark P50 million for review of mining projects
March 5, 2017
The Department of Budget and Management (DBM) will allocate P50 million to enable the Mining Industry Coordinating Council (MICC) to undertake a comprehensive review of mining contracts nationwide, starting with those ordered shuttered or suspended last month by the Department
MICC OKs guidelines on ‘objective, science-based’ mining review
March 3, 2017
The Mining Industry Coordinating Council (MICC) has approved the guidelines on the conduct of an “objective, fact-finding, science-based” review of mining operations nationwide, starting with those ordered shuttered or suspended last month by the Department of Environment and Natural Resources
Peso closes at new 10-year low of P50.40 against the US dollar
March 3, 2017
The peso closed at a new low of P50.40 against the US dollar on Friday as it reflected weakness of Asian currencies against the greenback. The peso finished nine centavos weaker from Thursday. It opened at P50.34. In
Government deficit spending to prop up high, inclusive growth agenda: DOF
March 3, 2017
Finance Secretary Carlos Dominguez III said although the budget deficit incurred by the national government hit P353.4 billion in 2016, or P231.7 billion higher than the year-ago figure, it was well within the Duterte administration’s target of 2.7 percent of
Philippine Ports Authority 2016 income up 8%
March 3, 2017
Philippine Ports Authority said Friday net profit rose eight percent to P6.159 billion last year from P5.705 billion in 2015 due to growth from lay-up fees, Ro-Ro fees, berthing fees and remittances from Asian Terminals, Inc. “All tariff items demonstrated
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