ANGELICA BALLESTEROS, TMT

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GOTIANUN-LED Filinvest Development Corp. (FDC) is earmarking P45 billion this year to finance new and existing projects. The capital allocation is 12.5 percent higher than the P40 billion set a year ago as more projects in all business segments are set for construction. “After reaching a record net income of…

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THE stock market fell back to 7,500 territory on Thursday as investors turned cautious ahead of the release of April inflation data and a decline on Wall Street. The benchmark Philippine Stock Exchange index (PSEi) plunged by 2.60 percent or 200.97 points to finish at 7,535.10 — the lowest in…

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PANGILINAN-LED Metro Pacific Investments Corp. (MPIC) posted double-digit growth in consolidated core net income for the first three months of the year on the back of strong performance across all businesses, coupled with increased investments in the power industry. MPIC said Thursday that core net income grew by 16 percent…

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INVESTORS resorted to profit-taking on Wednesday, driving the stock market down following three straight sessions in the green. The benchmark Philippine Stock Exchange index fell by 1.06 percent or 83.18 points to close at 7,736.07 while the broader All Shares dropped 0.51 percent or 24.08 points to finish at 4,699.08.…

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MASS housing developer 8990 Holdings, Inc. saw net income last year grow 16 percent to P4.14 billion from P3.58 billion in 2016 on the strong performance of its core real estate businesses. “We are extremely happy to end the year strong. The tremendous effort poured in by all of 8990’s…

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PROPERTY developer Anchor Land said Wednesday that net income last year grew by 11 percent driven by brisk sales fueled by the country’s strong economic growth. In a statement, Anchor Land said it achieved a net income of P620.05 million in 2017 compared to P559.76 million in 2016. Revenues rose…

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INFORMATION technology firm DFNN, Inc. said net income last year jumped by 513 percent, or more than six-fold from that of 2016, driven by higher commission fees and improvement in service income. DFNN told the Philippine Stock Exchange on Wednesday that net income rose to P144.77 million in 2017 from…

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LISTED Aboitiz Equity Ventures, Inc. is looking to seal partnerships with media agencies in the country to link its weather services arm for broadcast use. In a statement posted on its website, Jojo Marasigan, president of Aboitiz-led Weather Solutions, Inc., said the company “still looks forward to partnering and linking…

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Share prices advanced for the third straight session on Monday as sentiment was buoyed by easing tensions overseas and last week’s Standard & Poor’s outlook upgrade. The benchmark Philippine Stock Exchange index (PSEi) climbed back to the 7,800 level, adding 1.27 percent or 98.23 points to close at 7,819.25, while…

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