MA. LISBET K. ESMAEL

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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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GLOBE Telecom claims to be on track to meet its target to deploy more than 500,000 broadband lines this year. The company said on Monday that it was targeting to roll out 587,000 broadband lines this 2017, higher than the 336,000 lines deployed a year ago. Joel Agustin, Globe senior…

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The Asian Institute of Management (AIM) has introduced data science graduate degree program, said the be the first in the country, in response to rising digitalization and the need for specially-trained analysts. “This is our most thought-through, most intelligent and most appropriate response to prepare for the changes and challenges…

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LOPEZ-LED ABS-CBN Corp. said on Friday it is on track to meet its full-year earnings target after reporting net income of P2.3 billion in the first nine months of the year, bolstered by higher advertising revenues. “Advertising revenues picked up during the third quarter and we are optimistic that we…

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OIL firm Petron Corp. on Friday said that consolidated net income for the first three quarters of the year surged 58 percent, boosted by the continued strong performance of its operations in the Philippines and Malaysia. In a statement issued on Friday, the company said consolidated net income hit P11.8…

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