MA. LISBET K. ESMAEL

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CONGLOMERATE DMCI Holdings Inc.’s net income increased by 5 percent to P4.3 billion in the first quarter of 2018 from P4.1 billion a year ago, buoyed by its core businesses. In a statement, the Consunji-led group said higher coal prices, water-billed volume, and construction revenues contributed to the increase. Consolidated…

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INCREASED consumption of data-related products boosted Globe Telecom’s consolidated service revenues by 6.75 percent to P33.2 billion in the first quarter of 2018 from P31.1 billion a year ago. In a statement on Friday, the Ayala-led telecommunications company said its mobile revenues rose by 7 percent to P25.5 billion from…

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PLDT Inc. is facing the real prospect of its digital subsidiary Voyager Innovations Inc. operating without a partner, as talks with a Chinese multinational company showed no progress. “We have not received any word from Tencent, one way or another,” PLDT Chairman Manuel V. Pangilinan told reporters when asked for…

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Homegrown e-commerce firm Adobomall aims to strengthen its platform with 2, 000 authentic brands this year as it targets to become a significant player in the market. Adobomall only partners with authentic brands and official distributors, both international and local. Currently, its portfolio has over 600 merchants. In a statement,…

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Ireland-based Traxion will be equipping 600, 000 sari-sari stores with blockchain technology to bolster financial inclusion in the Philippines, a company executive said. Jorge Azurin, co-founder and business strategist of Traxion, said the company aims to lower down the number of unbanked Filipino families in the country. Based on the…

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The stock market rebounded to the 7,700 level on Friday with investor confidence — raised the day before by strong first quarter economic growth — said to have been further boosted by the central bank’s decision to raise key interest rates. The Philippine Stock Exchange index (PSEi) advanced by 2.39…

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San Miguel Food and Beverage Inc. (SMFB) is optimistic about sustaining its growth momentum in 2018 as the economy is projected to remain strong, its president said on Friday. During the company’s stockholders’ meeting in Mandaluyong City, San Miguel Pure Foods President Francisco Alejo 3rd said increased food spending would…

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GMA Network’s consolidated net income decreased by 49 percent to P426 million in the first quarter of 2018 from P842 million a year ago due to lower advertising revenues. In its quarterly report to the Philippine Stock Exchange (PSE), the media conglomerate said its consolidated revenues fell by 13 percent…

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SHARE prices inched up on Thursday following the announcement of strong first quarter economic growth, with analysts noting that investors had held back from a buying spree ahead of the results of a Monetary Board policy meeting. The benchmark Philippine Stock Exchange index (PSEi) added 15.73 points or 0.21 percent…

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PANGILINAN-LED PLDT Inc. said earnings for the first quarter surged 41 percent from a year ago, propelled by its home and enterprise businesses. PLDT’s reported net income from January to March rose to P7 billion from P4.96 billion in the same period in 2017. The country’s leading telco said the…

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