Holcim’s 2017 net income plunges 65.2%
Holcim Philippines, Inc. reported a 65.2% drop in net income last year to P2.4 billion from P6.9 billion a year earlier after a sluggish...
Peso inches up on profit taking from banks
The peso strengthened slightly against the dollar on Friday, March 2, on the back of profit-taking from banks.
The local currency ended the week at...
DoubleDragon logs 71.8% profit growth in 2017
DoubleDragon Properties Corp. reported a 71.8% surge in consolidated net income for 2017 to P2.53 billion from P1.47 billion a year earlier after the...
BIR files tax evasion raps vs spa owner, shipping firm
The Bureau of Internal Revenue (BIR) on Friday, March 2, filed separate charges against two Manila-based companies for failing to pay long overdue taxes.
Foot...
FINTQ to give away 1 million microinsurance policies
FINTQnologies Corp. (FINTQ), the financial technology arm of Voyager Innovations, Inc., is offering one million free microinsurance policies to the unbanked and underserved Filipinos.
In...
Trump says tough tariffs are coming, riling rivals and allies
President Donald Trump said the U.S. would slap tariffs on steel and aluminum imports to protect national security, prompting threats of retaliation from Canada...
National government debt inches up 1.1% in January
Outstanding government debt rose in January as the weaker peso drove up the value of the country’s foreign loans, the Bureau of the Treasury...
Customs surpasses February collection goal, hits P43.7 billion
The Bureau of Customs (BOC) reported on Friday, March 2, that it surpassed its revenue collection target for February, posting a surplus of P 1.965 billion as the...
Chinese fugitive nabbed at airport, to be deported
The Bureau of Immigration (BI) apprehended a Chinese fugitive wanted for "economic crimes" back in China and plans to deport him back to the...
Global stocks slide, treasuries rise before Powell
European shares dropped the most since a global rout three weeks ago following sharp declines in the U.S. and Asia. Treasury yields fell to...
E-vehicle charging stations eyed in DENR offices in Cebu, Davao
The Department of Environment and Natural Resources (DENR) will be setting up electric vehicle (EV) quick charging stations in its Cebu and Davao offices...
Golden Arches to spend up to P2 billion for store expansion this year
The exclusive franchisee of the McDonald’s brand in the Philippines plans to spend up to P2 billion for the rollout of at least 40...