KRISTYN NIKA M. LAZO, TMT

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Property consultancy firm Colliers International is projecting a 10-percent growth in the supply of co-working office spaces in the Philippines in the next three years on the back of the expanding freelance millennial workforce. In the new report, “Mining Millennials: Finding Gold in Co-working Spaces” released on Tuesday, Colliers said…

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The demand for Philippine office spaces will continue to grow in the next three years even if US-owned business process outsourcing (BPO) firms will leave or avoid the country because of President Donald Trump’s protectionist policies, according to Anthony Couse, Asia Pacific chief executive officer for property consultancy firm Jones…

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PH’s first dollar-denominated shares to be listed on April 7 DUAL-LISTED fruit canner Del Monte Pacific Limited (DMPL) said on Monday it will commence its $250-million preference share issue this week after receiving regulatory approval for the fund raising. It said it expects to list the country’s first ever dollar-denominated…

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LISTED retailer Robinsons Retail Holdings Inc. (RRHI) said net income in 2016 rose by 11.6 percent from the year earlier on strong sales. In a disclosure to the Philippine Stock Exchange on Monday, RRHI said its net income attributable to equity holders reached P4.85 billion last year from P4.34 billion…

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LISTED property developer Filinvest Land Inc. (FLI) saw its net income grow nearly 5 percent last year on the back of higher office and mall rental sales and residential revenues. In a disclosure to the Philippine Stock Exchange on Monday, FLI said its net income hit a record P5.35 billion…

WEEKLY SHARES OUTLOOK

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THE market appears headed for an upswing this week as investors shift focus toward the political and economic policies of the Trump administration, as well as the Bangko Sentral ng Pilipinas (BSP) policy meeting this week. Luis Limlingan, managing director of Regina Capital Development Corp., said there is a high…

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LISTED energy firm Semirara Mining and Power Corp (SMPC) paid a total of P2.65 billion in royalties to the Department of Energy (DOE) for 2016, which was 47 percent higher than the P1.8 billion it paid in 2015. Over P1 billion of the royalty payment will go to the local…

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JOLLIBEE Foods Corp. (JFC), one of the largest quick service restaurant (QSR) operators in the Philippines, opened its first store in Jacksonville, Florida on Saturday, March 18. The branch is JFC’s 36th store in the US. Jacksonville is the most populous city in the Sunshine State and home to the…

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Conglomerate San Miguel Corp. posted an 80-percent jump in net income to P52 billion for 2016 from P28.9 billion a year earlier on the back of higher revenues and better margins across its major businesses. Excluding foreign exchange losses of P8.9 billion, consolidated net income more than doubled, or increased…

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After posting flat earnings in 2016 CONSUNJI-LED conglomerate DMCI Holdings Inc. has ramped up its capital expenditure (capex) budget for 2017 to P57 billion from P40 billion in 2016 partly to support the new mine sites of subsidiary Semirara Mining and Power Corp. (SMPC). Herbert Consunji, DMCI chief financial officer…

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