Business

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Under its disaster relief program “Tulong Total,” Total (Philippines) Corp. (TPC) is mobilizing its employees and resources to help those affected by Super Typhoon Yolanda. From November 16 to 30, families, individuals and civic organizations can drop off their contributions at the following Total stations: Metro Manila—A. Bonifacio, Alabang, Balintawak,…

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Seaoil Philippines Inc. remains bullish in increasing its market share with the latest partnerships it established with international brands. Seaoil President Glenn Yu said that the company expects its market share will significantly increase by partnering with global brands such as STP of the United States and most recently, Diner’s…

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The banking and automotive business of the Georgy Ty-led group GT Capital Holdings Inc. drove the group’s profit all the way up to P7.7 billion during the first nine months of the year. GTCap reported to the Philippine Stock Exchange on Thursday that its con-solidated net income from January to…

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BDO Unibank Inc. (BDO), one of the banks owned by the country’s richest man Henry Sy, will acquire the Philippine unit of Citibank (Citi), the largest foreign commercial bank in the country. In a filing with the Philippine Stock Exchange, BDO disclosed that it has signed a definitive agreement for…

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The local equities market still managed to recover from its decline on Wednesday with sentiments somehow supported by Wall Street’s run-up. Astro del Castillo, First Grade Finance managing director, said in a phone interview that the market remains sluggish. “Market is still on a consolidation mode with downward bias. [Investors…

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ABS-CBN Corp. reported on Thursday that its consolidated in the first nine months of the year reached P1.89 billion, for an increase of 22 percent compared with P1.555 billion recorded in the same period of 2012. During the period, ABS-CBN generated consolidated revenues of P25.227 billion from advertising and consumer…

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The robust system-wide sales of Jollibee Foods Corp. boosted its profit during the first three quarters of this year, or to P1 billion. In its financial report, the Philippines’ largest food service company informed the Philippine Stock Exchange that its third quarter attributable net income went up 15.9 percent to…

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For the period ending September 30, 2013, the Philippine Stock Exchange (PSE) registered a net income after tax amounting to P566.18 million, which is 16.75 percent higher than the P484.9 million it recorded in the same period last year. However, the net income of the exchange for the third quarter…

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Asian Terminals Inc. (ATI) posted P4 billion in revenues for the first nine months of 2013, which is a 4-percent increase compared to the same period last year. The company said that the higher revenues were attributed to favorable unit rates in international operations at South Harbor, and higher volume…

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The rush of emergency activities that the country has sporadically experienced brought about by the epic disaster the past month or so that started with that strong tremor, has exposed the country in a very compromising position and uncovered its relative weakness in dealing with natural disasters of this magnitude.…