SMIC net income up by 6% in 2017
The holding firm of country’s richest man Henry Sy, Sr. clocked in a 6% growth in earnings in 2017, fueled by the continued expansion...
PCC approves Chinese firm’s acquisition of Takata Corp
The Philippine Competition Commission (PCC) has approved the acquisition of Chinese firm Ningbo Joyson Electronics Corp. (Joyson Electronics) of Takata Corp., a Japanese firm...
Sereno to take brief leave ahead of anticipated impeachment battle
CHIEF Justice Maria Lourdes PA. Sereno is set to take a 15-day "wellness leave" starting on the first day of March, according to her...
Philippines, Turkey sign MOUs on agriculture, investment promotion
The Department of Foreign Affairs (DFA) reported on Monday, Feb. 26, that the Philippines and Turkey had signed two bilateral agreements on agriculture and...
Excise tax collections surge 82% in January
Excise tax collections surged in January to hit nearly double from a year ago as the new tax law kicked in, boosted by new...
Peso inches up ahead of Fed chair testimony
The peso strengthened slightly against the dollar on Monday, Feb. 26, due to some demand for the peso ahead of US Federal Reserve (Fed)...
Meralco net income up by 27%
Manila Electric Co. (Meralco) reported a net income of P4.46 billion in the fourth quarter of 2017, higher by 27% compared with P3.5 billion...
Inflation likely to pick up pace in next two months — FMIC
Inflation will likely peak at 4.5% over the next two months as it reels from the impact of higher crude prices and new taxes...
DBP posts 22% net income growth in 2017
Development Bank of the Philippines (DBP) saw its net income rise in 2017 on the back of steady growth in its loan portfolio.
In a...
Aquino questions credibility of Dengvaxia forensic examiner
FORMER President Benigno S.C. Aquino on Monday, Feb. 26, slammed an "unqualified" forensic expert during the House inquiry into the Dengvaxia controversy where he...
Ayala subsidiary buys controlling stake in solar firm
A subsidiary of Ayala Corp. acquired a majority interest in a manufacturer of innovative solar solutions that will allow the conglomerate to bolster its...
Fed resists upgrading long-run growth outlook after tax cuts
Federal Reserve officials are showing surprise at just how much the recently-enacted tax cuts are boosting the U.S. economy. But they’re still not impressed...