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Solar files estafa complaint vs ABS-CBN execs over NBA row

Aug 18, 2017 - 3:57 PM

ABS-CBN says it will take 'appropriate legal action to hold Solar responsible for this unfounded action'

Solar files estafa complaint vs ABS-CBN execs over NBA row

To save the firm, Calata to sell out to Millennium Global

Aug 18, 2017 - 11:40 AM

This comes after the Philippine Stock Exchange initiated a delisting procedure against the agribusiness firm due to multiple disclosure violations

To save the firm, Calata to sell out to Millennium Global

What's The Big Idea? Carmen's Best Ice Cream: From throwaway product to passion project

Aug 17, 2017 - 9:02 PM

Carmen's Best Ice Cream all began because Paco Magsaysay's family-owned dairy farm was producing more milk than it could sell

What's The Big Idea? Carmen's Best Ice Cream: From throwaway product to passion project

Megacore buys 14.67% stake in Megawide for P5.68B

Aug 16, 2017 - 7:20 PM

This comes a day after Megawide announced it has bagged a P14-billion construction deal from mass housing developer 8990 Holdings

Megacore buys 14.67% stake in Megawide for P5.68B

Troubled Cathay Pacific loses HK$2.05B in first half 2017

Aug 16, 2017 - 7:13 PM

The results pave the way for the first ever back-to-back annual losses in the airline's 70-year history

Troubled Cathay Pacific loses HK$2.05B in first half 2017

Cebu Pacific to launch flights from Zamboanga to Sandakan, Malaysia

Aug 16, 2017 - 5:45 PM

'Now, the previous 14-hour travel by sea is cut down to just a 40-minute airplane ride,' says Cebgo president and CEO Alexander Lao

Cebu Pacific to launch flights from Zamboanga to Sandakan, Malaysia

Metro Pacific starts NLEX Harbor Link's R10 section

Aug 15, 2017 - 4:55 PM

The infrastructure conglomerate of Manuel Pangilinan expects to finish construction of the 2.6-kilometer expressway extension in the 1st quarter of 2018

Metro Pacific starts NLEX Harbor Link's R10 section

GMA 'cautiously optimistic' of hitting target despite income decline

Aug 14, 2017 - 8:15 PM

The absence of election-related spending hurts GMA Network's financial performance in the 1st half of 2017

GMA 'cautiously optimistic' of hitting target despite income decline

PAL to begin nonstop flights from Manila to Auckland on December 6

Aug 14, 2017 - 6:30 PM

With the upcoming direct route, Philippine Airlines will cancel its existing Manila-Cairns-Auckland service on December 5

PAL to begin nonstop flights from Manila to Auckland on December 6

Alliance Global net income drops to P10.1 billion in 1st half of 2017

Aug 14, 2017 - 4:10 PM

The group's property and fast food units temper the slower performance of its casino and liquor businesses

Alliance Global net income drops to P10.1 billion in 1st half of 2017

Resorts World Manila operator reports P312-M net loss in Q2 after attack

Aug 14, 2017 - 2:50 PM

With the casino non-operational for 27 days in June, gross gaming revenues fell by 21.68% to P9.2 billion in the 1st half of 2017

Resorts World Manila operator reports P312-M net loss in Q2 after attack

Core business fuels Phoenix Petroleum's income

Aug 14, 2017 - 11:37 AM

The oil firm's strong performance was brought about by the 24% increase in revenues from its core petroleum business

Core business fuels Phoenix Petroleum's income

Ayala Corp net income up 9.1% to P15.1 billion in 1st half of 2017

Aug 14, 2017 - 12:10 AM

BPI is the Ayala Group's top earner for the period, followed by Ayala Land

Ayala Corp net income up 9.1% to P15.1 billion in 1st half of 2017

Change or die: American malls confront Amazon era

Aug 13, 2017 - 8:40 PM

The changes to malls are part of a fundamental industry rethink as e-commerce takes market share and alters consumer expectations

Change or die: American malls confront Amazon era

Globe launches $250-million SEA-U.S. undersea cable system

Aug 12, 2017 - 7:46 PM

This provides a link between Davao and the US, and is Globe's first direct connection to America via Guam, Hawaii, and California

Globe launches $250-million SEA-U.S. undersea cable system

Metro Manila residents dine out twice a day – Nielsen report

Aug 12, 2017 - 12:15 PM

Based on the Nielsen Foodie Report 2017, the most popular among diners are quick service restaurants, convenience stores, neighborhood bakeries or bakeshops, and eateries

Metro Manila residents dine out twice a day – Nielsen report

Ayala to join Metro Pacific in MRT3 rehab proposal

Aug 11, 2017 - 5:15 PM

The two conglomerates are also partners in the operations, maintenance, and upgrade of LRT1

Ayala to join Metro Pacific in MRT3 rehab proposal

Absence of political ads drags down ABS-CBN income in 1st half

Aug 11, 2017 - 5:04 PM

Although it would be 'very challenging,' ABS-CBN remains hopeful that it will hit its profit guidance of P3 billion for 2017

Absence of political ads drags down ABS-CBN income in 1st half

Megawide on track to hit income target despite slower revenues

Aug 11, 2017 - 4:31 PM

Megawide's net income for the 1st half of the year slowed down to P927 million from P985.36 million in the same period a year ago

Megawide on track to hit income target despite slower revenues

All-time high gaming boosts Bloomberry's income 24-fold

Aug 11, 2017 - 12:10 PM

Solaire's consolidated gross gaming revenue (GGR) rises by 14% to P12.22 billion in the 2nd quarter of 2017 – the highest since it opened in March 2013

All-time high gaming boosts Bloomberry's income 24-fold

Net interest, fee-based earnings drive RCBC's income in 2nd quarter

Aug 11, 2017 - 10:55 AM

The bank's net income in the 2nd quarter of 2017 soars by 67% to P1.34 billion, from the P806 million booked in the same period in 2016

Net interest, fee-based earnings drive RCBC's income in 2nd quarter

Forex, telco assets drag San Miguel net income in 1st half of 2017

Aug 10, 2017 - 10:20 PM

The diversified conglomerate feels the impact of the Philippine peso depreciation and the absence of the one-time gain from its telco assets sale

Forex, telco assets drag San Miguel net income in 1st half of 2017

Megaworld net income up 11% to P6.69B in 1st half of 2017

Aug 10, 2017 - 6:40 PM

The rise is due mainly to the property developer's rental income, which rose 20% to P5.83 billion for the period

Megaworld net income up 11% to P6.69B in 1st half of 2017

Beacon divestment lifts PLDT's core income to over P12B

Aug 10, 2017 - 1:44 PM

(UPDATED) PLDT's core income for the 2nd quarter of 2017 increases to P12.1 billion from P10.5 billion in the same period a year ago

Beacon divestment lifts PLDT's core income to over P12B

Toshiba reports long-delayed earnings, posts $8.8-B loss

Aug 10, 2017 - 12:07 PM

Toshiba had repeatedly delayed the release of its financial statements, saying it needed more time to gauge the impact of its US unit Westinghouse Electric on its balance sheet

Toshiba reports long-delayed earnings, posts $8.8-B loss

GT Capital ventures into microfinance

Aug 09, 2017 - 5:40 PM

The holding firm of George Ty is set to acquire 4 million shares of Sumisho Motor Finance Corporation

GT Capital ventures into microfinance

SM Investments earns over P16 billion in just 6 months

Aug 09, 2017 - 4:55 PM

Even without the benefits of an election year, the Philippines' biggest conglomerate sustains growth across its core businesses

SM Investments earns over P16 billion in just 6 months

Emperador net income down to P2.7 billion in 1st half of 2017

Aug 09, 2017 - 3:55 PM

The beverage firm's revenues came in at P18.1 billion for the period

Emperador net income down to P2.7 billion in 1st half of 2017

Termination of Nigeria contract pulls ICTSI's income to over $100M

Aug 09, 2017 - 12:40 PM

The 24% surge in net income comes amid higher interest and financing charges as well as higher depreciation and amortization expenses

Termination of Nigeria contract pulls ICTSI's income to over $100M

Eagle Cement income grows in 1st half of 2017 despite low cement prices

Aug 08, 2017 - 9:40 PM

Cement prices, which range from P170 to P180 per bag, are at a 4-year low because of increased competition in the industry

Eagle Cement income grows in 1st half of 2017 despite low cement prices

Max's Group net income up 12% to P331M in 1st half of 2017

Aug 08, 2017 - 9:00 PM

The casual restaurant chain operator plans to build an additional 25 to 30 stores by the end of the year

Max's Group net income up 12% to P331M in 1st half of 2017

Petron net income surges to over P8 billion in 1st half of 2017

Aug 08, 2017 - 7:55 PM

The oil refiner posts income growth despite crude oil inventory losses and a 45-day scheduled maintenance shutdown of its refinery

Petron net income surges to over P8 billion in 1st half of 2017

Globe net income falls by 10% to P8.1B in 1st half of 2017

Aug 08, 2017 - 6:50 PM

Globe attributes much of the decline to costs related to its buyout of San Miguel Corporation's telco assets, as its revenues rose by 5% to P62.9 billion

Globe net income falls by 10% to P8.1B in 1st half of 2017

Chelsea Logistics stock closes in the red on PSE debut

Aug 08, 2017 - 5:55 PM

Investors take their profits after initially seeing gains on Chelsea Logistics' first day of trading

Chelsea Logistics stock closes in the red on PSE debut

Ayala Land net income up 18% to P11.5B in 1st half of 2017

Aug 07, 2017 - 9:55 PM

The firm's consolidated revenues are also up by 18% to P64.5 billion, with more than half coming from property development

Ayala Land net income up 18% to P11.5B in 1st half of 2017

DoubleDragon plans to sell over P7 billion worth of shares

Aug 07, 2017 - 8:40 PM

In a bid to become a blue chip stock in the near term, DoubleDragon revises its 2020 net income target to P5.5 billion, from the initial projection of P4.8 billion

DoubleDragon plans to sell over P7 billion worth of shares

Mall operations continue to drive SM Prime's net income

Aug 07, 2017 - 5:45 PM

The additional 1.1 million square meters of retail space from new malls as well as expansions between 2015 and 2017 drive growth in SM Prime's mall rentals

Mall operations continue to drive SM Prime's net income

Globe launches GoPay mobile QR payment system

Aug 06, 2017 - 8:05 PM

GoPay facilitates cashless transactions by letting customers pay for purchases with their smartphone

Globe launches GoPay mobile QR payment system

Cebu Pacific plane overshoots runway, other flights diverted

Aug 04, 2017 - 9:30 PM

(3rd UPDATE) A replacement flight will ferry the passengers of Flight 5J570 from Cebu to Manila early Saturday morning, August 5

Cebu Pacific plane overshoots runway, other flights diverted

LOOK: First half core profit of Meralco and AboitizPower

Aug 04, 2017 - 7:33 PM

Meralco's core net income slightly declines to P10.1 billion in the first half of 2017, while that of AboitizPower slightly increases to P10.5 billion

LOOK: First half core profit of Meralco and AboitizPower

Manny Pangilinan to eventually divest from Inquirer

Aug 04, 2017 - 4:45 PM

'The intention is to give 100% [ownership in Inquirer] to [Ramon Ang],' says Manuel Pangilinan, who holds a minority stake in Inquirer

Manny Pangilinan to eventually divest from Inquirer

Lopezes to sell minority stake in EDC to consortium for up to P14B

Aug 03, 2017 - 8:10 PM

GIC and Macquarie are looking to acquire First Gen's 10.6% stake and public investors' 36.5% stake in EDC, which may eventually be delisted

Lopezes to sell minority stake in EDC to consortium for up to P14B

Aboitiz consolidates water utility, infrastructure investments

Aug 03, 2017 - 5:05 PM

This comes after Aboitiz InfraCapital bought an 11.14% stake in Balibago Waterworks System for P275 million

Aboitiz consolidates water utility, infrastructure investments

'Conspirators' in Metrobank internal fraud claim innocence

Aug 03, 2017 - 2:25 PM

Hubert Co and Sue Sai claim they were duped by the key suspect, Metrobank executive Maria Victoria Lopez

'Conspirators' in Metrobank internal fraud claim innocence

PSE plans to offer more shares to bring PDS merger closer

Aug 02, 2017 - 9:51 PM

The operator of the country’s stock exchange also announces a net income drop of 7% to P345.15 million for the 1st half of this year

PSE plans to offer more shares to bring PDS merger closer

Bitcoin dispute results in split-coin

Aug 02, 2017 - 5:41 PM

A dispute among developers of virtual currency Bitcoin gives birth to a new version of the crypto coin after they fail to agree on software changes

Bitcoin dispute results in split-coin

San Miguel unit eyes 500-MW hydro plant in Tarlac

Aug 02, 2017 - 4:13 PM

This comes after the Department of Energy gave Strategic Power Development Corporation the go signal for 3 other projects

San Miguel unit eyes 500-MW hydro plant in Tarlac

Apple sells 41 million iPhones in past quarter, profit up by 12%

Aug 02, 2017 - 10:06 AM

The iPhone accounts for 60% of the company's revenue, even as other product and service categories improve

Apple sells 41 million iPhones in past quarter, profit up by 12%

Sony to acquire 95% stake in anime distributor Funimation

Aug 01, 2017 - 4:17 PM

The acquisition puts Sony firmly on the radar against other anime streaming services such as Netflix, Hulu, and Amazon

Sony to acquire 95% stake in anime distributor Funimation

AI startup Ozlo to join Facebook

Aug 01, 2017 - 2:23 PM

Ozlo's AI can answer questions that require responses beyond yes or no – something that may be implemented in Messenger down the line

AI startup Ozlo to join Facebook