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BDO Unibank registers P13B net income in first half of 2017

In its disclosure with the Philippine Stock Exchange (PSE) Monday, the Banco de Oro Unibank Inc. (BDO) registered a P13.3-billion net income in the first half of 2017, much higher than the PHP11.7 billion in the same period in 2016. The leading unibank of the country traced the improvement of […]

Duterte wants Marawi conflict to end before his second SONA

Wanting to be at the Batasan Complex for his second State of the Nation Address free of the Marawi conflict baggage, President Duterte expressed his wishful command to end it sooner between 10 to 15 days. During his personal appearance gracing the 10th anniversary listing of the Phoenix Petroleum at […]

Jollibee will soon ‘invade’ Europe via Italy

Next year, Filipino expats in Europe will get to taste Philippine’s ‘home grown hamburger’ and related to go food stuff. This is because industry leader Jollibee Foods Corporation is set to make a European debut with the strong possibility in Italy. Italy is home and host to many expat Filipinos, […]

PAL soon to offer tri-class service on ASEAN flights

Driven by the ASEAN Open Skies framework, airlines in the region, are up to stiff competition between and among its operators. The new regime on the regional airline industry allows an ASEAN-based carrier unlimited fifth freedom rights to fly from one member country to any city in the region. A […]

Decline in PH export brings down total trade revenue in July 2016

MANILA, Sept 14 — The Philippine’s total merchandise trade declined as exports continue to slide in July 2016, given that global economic recovery remains slow, according to the National Economic and Development Authority (NEDA). This was revealed as the Philippine Statistics Authority reported total revenue from trade fell from US […]

Why ghost month ‘phenomenon’ plunges PH stocks

The ‘phenomenon’ is back. The (stock market) ghost month begins. The benchmark Philippine Stock Exchange index (PSEi) dived 149.34 points, or 1.86 percent to 7,888.44 from previous day’s 8,037.78 finish on Wednesday. Almost all counters suffered a massive decline, led by services and holding firms that plunged 2.85 percent and […]

This is how Casureco II electric bill looks like

Just looking into the details of a Casureco II power bill is a pain in the spine. Casureco II is the coop retailer of electricity covering the franchise area in the towns of Minalabac, Canaman, Tinambac, Siruma, Pili, Bombon, Magarao, Milaor, Calabanga and Naga City, all in the province of […]

EU Brexit agitates global, PH financial outlook

MANILA — It is not true that the “Brexit” will have no effect on the country as apologists project it to be. The local stock market tumbled anew on Tuesday, as investors pocketed gains after last week’s British exit, ‘Brexit,’ vote continued to agitate the global financial markets. The Philippine […]

No economy is an island, so will PH get hit by BREXIT?

Not yet in and yet, the choice technocrats of the incoming Duterte regime are quick to sound off that the European phenomenon called BREXIT, the departure of the United Kingdom (also known as Great Britain) from the European Union will have no effect on the local economy. While many countries […]

Cosmetic products with these parabens are now illegal for selling in the country

Are you still using cosmetic products containing the ingredients of isobutylparaben and isopropylparaben? That is because after December 31, 2015, beauty enhancement and maintenance cosmetic products containing such ingredients are banned, prohibited from being sold or distributed in the country. Reports said that while the Philippine Food and Drugs Administration […]

Mactan-Cebu airport get award for best transport deal in Asia Pacific

The Mactan-Cebu International Airport (MCIA) Terminal Passenger Building project, has received an international recognition from a reputable press institution. Thomson Reuters’ Project Finance International (PFI) hailed the public-private parnership project that was awarded to GMR Infrastructure and Megawide Consortium as the “2015 Best Transport Deal” in Asia-Pacific (APAC) last December […]

Top Pinoy individual taxpayer of 2014 paid BIR P280-M

Data released by the BIR Friday listed Filipino-Chinese businessman Jacinto L. Ng, Sr. as topping the Bureau of Internal Revenue’s 500 individual taxpayers for 2014, dislodging last year’s top 1, eight-division boxing champ and Sarangani Representative Emmanuel “Manny” Pacquiao. Ng, the founder of Republic Biscuit Corporation and chairman of Asia […]

PSE warns public on stock market investment scams

The Philippine Stock Exchange, Inc. has advised the public to exercise caution in dealing with individuals who are not licensed to solicit funds for stock market investments. “We are alarmed by reports that have reached us on unscrupulous practices that are perpetuated to scam potential stock market investors. These practices […]

P-Noy sees greater prosperity in Philippine-Mexican ties

P-Noy sees greater prosperity in Philippine-Mexican ties Philippine President Benigno S. Aquino III said a broader cooperation between the country and Mexico could lead to greater prosperity. “It is about time for us to expand our ties beyond the realm of history,” Aquino said of recognizing the enduring friendship of […]

Holding company says PAL earnings up in first 9 months

The flag-carrier Philippine Airlines, Inc., earnings rose to P6.55 billion in the first nine months this year from P169.1 million in the same period last year, according to holding company PAL Holdings, Inc. PAL said that total revenues for the nine months reached P81.99 billion, up 10.8 percent from P73.98 […]

Peso surges against US dollar on Wednesday

The Philippine peso surged against the US dollar on Wednesday on more negative economic data from the US as higher expectation for Fed rate delay. It ended the day at P46.14, or P0.33 better than the P46.47 in the previous trading. A trader partly attributed this to the widening of […]

Ayala firm wins P4-billion integrated transport system south terminal project

Property behemoth Ayala Land Inc. on Tuesday won a bid to build and operate the P4-billion Integrated Transport System Project–South Terminal under the public-private partnership (PPP) scheme. The company will be awarded by the Department of Transportation and Communications with a 35-year concession agreement to build and operate the ITS […]

Seaoil, Phoenix implements price hike of oil products

MANILA, March 31 — Just in the nick of time when the mass exodus and movement of people for the Holy Week and vacation, Phoenix Petroleum Philippines and Seaoil Philippines Inc. hikes pump prices of gasoline by P1.10 per liter and diesel by 60 centavos per liter on Tuesday. Phoenix […]

What's Recommended

A Sweeping Look at Mining in the Philippines

The prevailing Philippine mining laws grant the Department of Environment and Natural Resources the sole authority to approve large-scale mining. Neither the provincial or local governments enjoy the same authority. At last, the powers that be in the government showed the true color of their skins.

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Ayala invests P1-billion in Legazpi mall project

Ayala invests P1-billion in Legazpi mall project development. City mayor Noel Rosal said on Saturday evening during a social event celebration held at the city motorpool compound that the Ayala Corporation has invested P1-billion for the construction of a mall right at the heart of the city. Ayala took over […]

Meralco effects power rate hike on February bill

Meralco effects power rate hike on February bill. MANILA, Feb 11 — Power giant retailer Manila Electric Company has the power to charge rate increases in its service area. This February the power monopoly will increase its total billing charges by 84 centavos per kilowatthour. Households with 200 kWh monthly […]

Petron cuts back price of petroleum products Monday

Petron cuts back price of petroleum products Monday MANILA, Jan. 19 — On Monday, the Petron Corporation will effect a cut back on prices of its petroleum products by more than one peso. The company will reduce P1.25 per liter on gasoline brand Blaze 100, Euro 4, XCS, Xtra Advance […]

Oil companies rolls back prices on Tuesday by P1.10 per liter

MANILA, March 23  -– Pilipinas Shell Petroleum Corp. (PSPC), Seaoil Philippines Inc (SPI), Petron Corporation, Chevron Philippines Inc. (CPI), Phoenix Petroleum Philippines and PTT Philippines will rollback pump prices of gasoline by Php 1.10 per liter on Tuesday. Eastern Petroleum will cut gasoline prices by P1.20 per liter. PSPC, SPI, […]

Decline in PH export brings down total trade revenue in July 2016

MANILA, Sept 14 — The Philippine’s total merchandise trade declined as exports continue to slide in July 2016, given that global economic recovery remains slow, according to the National Economic and Development Authority (NEDA). This was revealed as the Philippine Statistics Authority reported total revenue from trade fell from US […]

EU Brexit agitates global, PH financial outlook

MANILA — It is not true that the “Brexit” will have no effect on the country as apologists project it to be. The local stock market tumbled anew on Tuesday, as investors pocketed gains after last week’s British exit, ‘Brexit,’ vote continued to agitate the global financial markets. The Philippine […]

PLDT sucks in customer service

PLDT sucks in customer service. Calabanga, CAMSUR — The new year of 2015 is seen to augur inspiration and hope for many of us. But if the new year is epitomized in telecom service like the Philippine Long Distance Telephone Company (PLDT), then it doesn’t look good at all. Before […]

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PLDT sucks in customer service

PLDT sucks in customer service. Calabanga, CAMSUR — The new year of 2015 is seen to augur inspiration and hope for many of us. But if the new year is epitomized in telecom service like the Philippine Long Distance Telephone Company (PLDT), then it doesn’t look good at all. Before […]

EU Brexit agitates global, PH financial outlook

MANILA — It is not true that the “Brexit” will have no effect on the country as apologists project it to be. The local stock market tumbled anew on Tuesday, as investors pocketed gains after last week’s British exit, ‘Brexit,’ vote continued to agitate the global financial markets. The Philippine […]

Top Pinoy individual taxpayer of 2014 paid BIR P280-M

Data released by the BIR Friday listed Filipino-Chinese businessman Jacinto L. Ng, Sr. as topping the Bureau of Internal Revenue’s 500 individual taxpayers for 2014, dislodging last year’s top 1, eight-division boxing champ and Sarangani Representative Emmanuel “Manny” Pacquiao. Ng, the founder of Republic Biscuit Corporation and chairman of Asia […]

Ayala invests P1-billion in Legazpi mall project

Ayala invests P1-billion in Legazpi mall project development. City mayor Noel Rosal said on Saturday evening during a social event celebration held at the city motorpool compound that the Ayala Corporation has invested P1-billion for the construction of a mall right at the heart of the city. Ayala took over […]