Business

Consumers less pessimistic in Q1

March 27, 2015 9:25 pm

Consumer sentiment among Philippine households during the first quarter continued to be dominated by pessimism, although the central bank survey for the period showed an increase in the number of households that held a bright outlook. Amid expectations of a … Read more »

StanChart sees PH rate hike in Q4

March 27, 2015 9:23 pm

The Philippine central bank may tighten its policy rates beginning the fourth quarter of the year as a pre-emptive measure against an expected rise in inflation in 2016, Standard Chartered Bank said. StanChart forecasts a 50-basis point hike by the … Read more »

Crown Asia Chem gets nod as 1st IPO of 2015

March 27, 2015 9:11 pm

The Philippine Stock Exchange (PSE) has approved the initial public offering (IPO) of plastic compounds producer Crown Asia Chemicals Corp, a week after it was cleared by the Securities and Exchange Commission, a PSE official said on Friday. “Yes, the … Read more »

Stocks retain record on steady rates, foreign funds

March 27, 2015 9:10 pm

Philippine stocks closed little changed but remained in record territory, with solid gains in property shares saving the day, drawing much of the interest spurred by the central bank’s move to freeze its rates and the fund inflows from the … Read more »

Parañaque collects record-high revenues

March 27, 2015 9:06 pm

Parañaque city collected more than P1.34 billion in business taxes and fees in 2014, exceeding the P1.041 billion the previous year, which was an eight-year high, the city’s Business Permits and Licensing Office (BPLO) said on Friday. BPLO chief Melanie … Read more »

Belle Corp’s profits down 30% on lack of one time gain

March 27, 2015 9:05 pm

Belle Corp posted a 30-percent decline in profits last year on the absence of one-time non-recurring gain, and its net income dropped to P2.56 billion from P3.64 billion from a year ago, a company announcement said on Friday. If not … Read more »

PhilJets boosts charter operations to promote PH tourism

March 27, 2015 9:03 pm

French-Filipino aviation solutions provider PhilJets Group is promoting Philippine tourism by boosting its charter operations to provide access to the country’s many breathtaking destinations. “The Philippines has much to offer in sceneries, but these are hard to reach, so our … Read more »

Aboitiz Group set to issue P25-B bond notes

March 27, 2015 9:02 pm

Aboitiz Equity Ventures Inc. (AEV) has disclosed plans for a fixed-rate retail bond offer to raise P25 billion to finance infrastructure, transport and utilities-related projects. The company, in a disclosure to the Philippine Stock Exchange, said the AEV board of … Read more »

Xurpas buys 49% stake in Indonesian IT firm

March 27, 2015 8:21 pm

Mobile content provider Xurpas Inc has acquired 49-percent stake in Indonesian information technology firm PT Sembilan Digital Investema (SDI), the president of Xurpas said on Friday. Nix Nolledo, who is also Xurpas chief executive officer, said the company signed on … Read more »

PhilJets boosts charter operations to promote PH tourism

March 27, 2015 8:20 pm

French-Filipino aviation solutions provider PhilJets Group is promoting Philippine tourism by boosting its charter operations to provide access to the country’s many breathtaking destinations. “The Philippines has much to offer in sceneries, but these are hard to reach, so our … Read more »





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