Personal, cash remittances at record high in December
February 15, 2017
Overseas Filipinos sent money home in record amount last December, bringing personal remittances to cumulative $29.7 billion for 2016 which exceeded targets, the central bank said in a statement on Wednesday. Personal remittances in December was recorded at $2.8 billion
STI Holdings nine-month revenues reach P2.1 billion; profit grows to P624 million
February 15, 2017
STI Holdings, proprietor of one of the largest network of private schools in the country, posted a record high of P2.1 billion in revenues during the last nine months ending December 31, 2016. This is about 15 percent higher than
Megaworld to double residential inventory for Makati project
February 15, 2017
Megaworld said it is expanding its residential condominium project in Makati City, the San Antonio Residence, with additional 478 units that will comprise the development’s ‘East Wing’. Located along Sen. Gil Puyat Avenue and Calle Malugay in San Antonio Village,
Ayala Land 2016 net income up 19 percent to P20.9 billion
February 15, 2017
Ayala Land, Inc. (ALI) reported a net income of P20.9 billion in 2016, 19 percent higher than the previous year. In a disclosure to the Philippine Stock Exchange, Ayala Land said consolidated revenues reached P124.6 billion, 16 percent higher year-on-year
Stocks decline on DENR announcement
February 15, 2017
Philippine stocks declined on Tuesday, with the main index declining more than one percent dragged down by mining shares. The Philippine Stock Exchange index closed at 7,206.84 points, down 87.83 points. The mining and oil sub-index ended 2.67 percent, or
MNTC to send P354m to build more toll lanes in North Luzon Expressway
February 14, 2017
Manila North Tollways Corp. (MNTC) said Tuesday it will be spending P354 million to build additional toll lanes in three major toll plazas at North Luzon Expressway. The expansion program, which began last month and is expected to be completed
DOF expects inflation rate within government target
February 14, 2017
The Department of Finance (DOF) expects inflation to inch up in the coming months but would remain within the government’s inflation target, it said in a statement Tuesday. Based on the latest DOF Economic Bulletin, inflation could rise to above
Pimentel endorses Moncupa as next central bank governor
February 13, 2017
Senate President Aquilino Pimentel III has endorsed banker Antonio Moncupa to be the next governor of the Bangko Sentral ng Pilipinas (BSP). Pimentel, who is also president of the ruling PDP Laban party, said at the Senate website Moncupa is
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