Phinma Energy 2017 net income falls 75%
Phinma Energy Corp. recorded a 75% fall in consolidated net income to P347 million last year from P472 million a year earlier, when its...
Regional court issues TRO vs Pagbilao’s bid to halt Aboitiz unit operations
Aboitiz Power Corp. told the stock exchange that its unit in Pagbilao, Quezon province was able to obtain a temporary restraining order (TRO) against...
Asia stocks extend losses as strong dollar hurts materials firms
Asian shares dropped for a third day, with materials companies tumbling, as the dollar rose ahead of Federal Reserve Chairman Jerome Powell’s second congressional...
Oil trades below $62 as US stockpiles climb more than expected
Oil traded below $62 a barrel after falling the most in almost three weeks as U.S. data showed inventories and supplies both surged, amplifying...
Stocks continue decline
Local share prices extended their decline on Thursday, March 1, as investors tracked movements of global markets alongside the release of economic data.
The 30-member...
Palace defends Duterte’s ‘co-ownership’ remark on joint exploration
Presidential Spokesperson Herminio Harry L. Roque defended the President on Thursday, March 1, on the latter’s ‘co-ownership’ remark on China and the Philippines' possible...
Peso strengthens vs dollar, closes at P51.92
The peso strengthened against the dollar on Thursday, March 1, following the revised fourth-quarter US economic growth, which grew at a slightly slower pace...
Poe: Expand NAIA to solve airport congestion
Senator Grace Poe-Llamanzares on Thursday, March 1, said the airport congestion at the Ninoy Aquino International Airport (NAIA) would be better solved through its...
EastWest Bank net income grows 48% in 2017
East West Banking Corp. (EastWest Bank) booked a double-digit growth in its net income in 2017 on the back of the robust performance of...
MPIC posts 17% profit growth in 2017
Metro Pacific Investments Corp. sustained a double-digit growth in net profit on the strength of its increased presence in the power industry.
The infrastructure conglomerate...
Tycoons’ Manila airport bid gets challenged by $3 billion offer
A venture of Megawide Construction Corp. and GMR Infrastructure Ltd. submitted a $3 billion proposal to upgrade and expand the Philippine capital’s 70-year-old airport,...
Philippines hails US move to blacklist local IS-linked groups
The Philippines hailed on Wednesday, Feb. 28, Washington's decision to blacklist two local pro-Islamic State groups, including one which occupied the southern city of...