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IMI hits net income of $24.1M for first 9 months of 2017
MANILA, Philippines – Integrated Micro-Electronics Incorporated (IMI), the manufacturing arm of the Ayala Group, saw its net income rise by 16% in Q3 of this year compared to last, as its recent...
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NLEX to implement new toll fees on November 6
MANILA, Philippines – The North Luzon Expressway (NLEX) Corporation will implement additional toll fees within the expressway's Closed System on Monday, November 6.Those traveling on the stretch of the...
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PAL gets new facility for cabin fire training
MANILA, Philippines – Passengers of Lucio Tan-led Philippine Airlines (PAL) can rest a little easier with the knowledge that the airline has bolstered its training against possible cabin fires on its...
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ASEAN business summit to discuss reduction of non-tariff barriers
MANILA, Philippines – Businesses will push for the reduction or removal of non-tariff barriers at the upcoming Association of Southeast Asian Nations (ASEAN) Summit in a bid to fully realize the gains...
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SSS eyes benefits for unemployed in proposed charter amendment
MANILA, Philippines – The Social Security System (SSS) plans to provide benefits for its members who are unemployed – without fault of their own – under its proposed SS Reform Act of 2017.SSS Chairman...
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Christmas 2017 mall schedules
Please refresh this page for updates.MANILA, Philippines – Are you planning to go to malls during the holiday season? Here's a list of malls and their operating hours from December 1, 2017 to January...
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Metro Pacific tollways unit expands presence in Indonesia
MANILA, Philippines – Metro Pacific Tollways Corporation (MPTC), chaired by tycoon Manuel Pangilinan, is betting on Indonesia, the hometown of its parent firm's top shareholder Salim Group.Its parent...
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DOTr ends contract with MRT3 maintenance provider Busan Universal
MANILA, Philippines (UPDATED) – The Department of Transportation (DOTr) on Monday, November 6, served its final decision to terminate its contract with Busan Universal Rail Incorporated (BURI) as...
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San Miguel to merge food, beverage businesses
MANILA, Philippines – San Miguel Corporation (SMC), the country's most diversified conglomerate, is set to consolidate all of its food and beverage businesses under one unit through a P336.35-billion...
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Security Bank net income rises by 21% to P2.14 billion in Q3 2017
MANILA, Philippines – Dy-led Security Bank Corporation (SECB) saw its bottom line jump by 21% in the 3rd quarter of the year, driven by gains in its net interest income.In a disclosure to the...
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Metrobank net income up 5% despite P900-million fraud
MANILA, Philippines – Ty-led Metropolitan Bank and Trust Company (Metrobank) saw its net income rise in the first 9 months of 2017 and in the 3rd quarter of the year despite the fallout from a...
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BMW tapped to transport ASEAN leaders during summit
MANILA, Philippines – The local franchise of luxury automobile manufacturer BMW announced it will once again be transporting heads of state and other government officials for the upcoming Association...
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SM Prime income surges 16% on steady mall rental, residential sales
MANILA, Philippines – Boosted by its shopping mall and residential businesses, SM Prime Holdings Incorporated saw its net income surge by 16% to P5.66 billion in the 3rd quarter of 2017.SM Prime told...
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PH gov't ends dispute with China's Sinomach over Northrail project
MANILA, Philippines – The Philippine government finally resolved a 5-year row with a Chinese machinery conglomerate over a dropped rail deal, putting an end to international arbitration and sparing the...
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Shakey's income up despite more competitive scene
MANILA, Philippines – Listed Shakey's Pizza Asia Ventures Incorporated (SPAVI) saw its recurring net income for the 1st 9 months of 2017 increase by 15% to P519 million, thanks to a higher revenue base...
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Higher fuel, food prices push PH inflation in October to 3-year high
MANILA, Philippines – Higher fuel and food prices as well as the weaker Philippine peso mainly pushed the country's inflation rate in October 2017 to its fastest pace in almost 3 years, data from the...
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San Miguel buys Australian firm Best Bottlers
MANILA, Philippines – San Miguel Corporation (SMC) is boosting its presence in the Australian bottling and packaging industry, after it bought another firm, Best Bottlers Proprietary Limited, at an...
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Ayala Land net income up 18% in 1st 9 months
MANILA, Philippines – Ayala Land Incorporated (ALI), the property development arm of the Ayala Group, saw its bottom line for the 1st 3 quarters of the year rise by 18% due to better than expected...
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Philippine Stock Exchange officially orders Calata delisting
MANILA, Philippines – The Philippine Stock Exchange (PSE) on Tuesday, November 7, officially ordered the delisting of embattled agribusiness Calata Corporation from its official registry for multiple...
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City of Dreams Manila operator's income surges on better casino profit
MANILA, Philippines – City of Dreams Manila operator Melco Resorts and Entertainment (Philippines) Corporation saw its net income surge to P496.6 million in the 1st 9 months of the year, which was a...
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