MA. LISBET K. ESMAEL

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The government will provide assistance to displaced partner drivers of motorcycle-hailing app Angkas as well as to habal-habal drivers. Aileen Lizada, spokesman of the Land Transportation Franchising and Regulatory Board (LFTRB), said the agency will gather Angkas and habal-habal drivers for a dialogue at 3 p.m. on December 12 at…

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The Philippine Stock Exchange, Inc. (PSE) saw its profits surge by 45.9 percent to P707.35 million in the first nine months of the year, attributed primarily to a one-time gain from the sale of its Tektite office Net income a year earlier was P484.71 million, the bourse said in a…

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CIRTEK Holdings Philippines Corp. is looking at joint ventures and acquisitions in a bid to develop next-generation small cell antennas, a company executive said. Roberto Juanchito Dispo, Cirtek vice chairman and president, said the Laguna-based semiconductor company will scout for possible overseas opportunities instead of spending a ton of money…

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BROADCAST firm GMA Network, Inc. said its consolidated net income after tax fell 25 percent in the first nine months of the year to P2.32 billion from the P3.09 billion recorded a year ago as airtime sales dropped due to the absence of political ads this year. In a statement…

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DESPITE a slew of mishaps, an official of the Department of Transportation (DoTr) said the Metro Rail Transit Line 3 (MRT-3) remained to be a “reliable” mode of transportation to over 500, 000 passengers daily. “Sa ngayon ang tingin namin … reliable pa rin ‘yung tren kahit may mga pagkukulang…

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COMMERCIAL real estate developer DoubleDragon Properties Corp. said net income in the first three quarters surged 83.7 percent year-on-year, driven by increased mall rental income. In a filing to the local bourse on Thursday, DoubleDragon said earnings in the period rose to P1.40 billion from the P761 million recorded in…

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LOPEZ Holdings Corp. on Thursday reported a 43 percent decline in net income attributable to equity holders of the parent for the first nine months of this year due to one-off losses and the absence of one-off gains at an associate. It said net income attributable to equity holders of…

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The government is partnering with Facebook for the construction of high-speed information gateways that are expected to significantly boost internet services in the Philippines. The Luzon Bypass Infrastructure initiative was announced on Wednesday by the Department of Information and Communications Technology (DICT) and the Bases Conversion and Development Authority (BCDA).…

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MOODY’S Investors Service has assigned a provisional investment grade rating on the $1-billion medium term note (MTN) program of Aboitiz-led Union Bank of the Philippines (UnionBank). In a statement issued on Wednesday, Moody’s said it assigned a (P)Baa2 long-term foreign currency senior unsecured MTN program rating on the bank’s $1-billion…

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LOPEZ-LED network ABS-CBN Corp. and Ayala Malls have teamed up to launch an events venue located in the central business district of Quezon City. In a statement on Monday, ABS-CBN said they officially opened Vertis Tent on Friday to serve as a venue for corporate special events such as product…

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