MANILA -- Villar-led Vista Land &Lifescapes, Inc. booked a 12-percent growth in profit in the first nine months of 2017 on the back of robust revenues from real estate sales.Net income reached PHP7.1 billion in January to September from PHP6.4 billion during the same period last year.Revenues... Read More
MANILA - - Rates of the central bank’s Term Deposit Facility (TDF) registered mixed results Wednesday even as both the seven- and 28-day facilities were undersubscribed.Data released by the Bangko Sentral ng Pilipinas (BSP) Wednesday showed that weighted average accepted yield of the... Read More
SINGAPORE / Medianet International-AsiaNet/ --Unisys Corporation (http://www.unisys.com/) has won the Customer Choice Award for IT Service Provider of the Year at the recently concluded Payload Asia Awards.The New York-listed firm (NYSE: UIS) got the prize for its Digistics... Read More
MANILA -- The country’s inflation rate slightly rose to 3.5 percent last October, a percentage point higher than the previous month’s 3.4 percent.The Philippine Statistics Authority (PSA), an attached agency of the National Economic and Development Authority (NEDA), said the faster price... Read More
MANILA -- Property giant Ayala Land Inc. (ALI) grew its profit by 18 percent in the first nine months of 2017, driven by strong residential sales.ALI told the local bourse its net income reached PHP17.8 billion in January to September from PHP15.08 billion during the same period last... Read More
GENERAL SANTOS CITY -- The popular fresh solo papaya of Tupi town in South Cotabato has finally reached the fruit market of South Korea.Milagros Casis, Department of Agriculture (DA) Region 12 director, said Tuesday Tupi papaya producers had made their first shipment to South Korea last week through... Read More
MANILA -- Six companies were named as Best Employers in the Philippines for 2017 by Aon, a leading global professional services firm for risk, retirement, and health solutions.On Tuesday, Aon awarded the firms American Express International Inc., DHL Express Philippines Corp., Home Credit... Read More
MANILA -- The Philippines’ Information Technology and Business Process Management (IT-BPM) industry is readying investments on artificial intelligence (AI) to seize opportunities from digital technology.Contact Center Association of the Philippines (CCAP) President Jojo Uligan said on the... Read More
MANILA -- The government welcomes private sector support in its rebuilding efforts in war-stricken Marawi City, as it prepares a preliminary programming for the PHP5-billion fund earmarked for the reconstruction and repair until the end of the year.“Whether the national government welcomes... Read More
DAVAO CITY – Homegrown conglomerate Anflo Group of Companies, through its newest subsiduary, the Anflo Banana Corp. (ABC), has partnered with a global agricultural firm to penetrate what is touted as the biggest and most flourishing China market for premium bananas.The Davao-based banana firm... Read More
MANILA - - The Philippine peso stayed firm Tuesday but the Philippine Stock Exchange index (PSEi) ended flat as investors continue to weigh the impact of recent developments overseas as well as some domestic factors.The local unit finished the day at 51.33, compared to 51.28 Monday.A trader... Read More
The Japanese government has reassured its commitment to help develop the infrastructure of Myanmar to attract foreign direct investments in the country."We will continue to contribute to Myanmar's infrastructure development with Japan's wealth ofexperiences, technologies, and know-how of quality... Read More
MANILA -- The Bangko Sentral ng Pilipinas (BSP) is giving banks more leeway to cater to more people, especially in unbanked cities and municipalities, through the introduction of what will be known as Branch Lite units.In her speech during the Chamber of Thrift Banks (CTB) general membership meeting... Read More
MANILA -- International Monetary Fund (IMF) remains optimistic on the sustained strong expansion of the Philippine economy but cited the possible impact of external developments as a downside risk to domestic growth.In a statement after the recent IMF Team Article IV Consultation, the multilateral... Read More
MANILA -- The Board of Investments (BOI) has approved the PHP30-million project of All Bright Resources International Inc. to produce and export coco coir and coco peat.In a statement Tuesday, BOI said the project is qualified under the 2017 Investment Priorities Plan (IPP) for the production and... Read More
MANILA -- Canned food firm Century Pacific Food, Inc. (CNPF) on Monday said profit grew slightly in the first nine months of 2017 on the back mainly of sustained double-digit growth in its branded consumer food business.Consolidated net income rose by 2 percent to PHP2.2 billion for January to... Read More
MANILA - - The Philippine Stock Exchange index (PSEi) finished the week’s first trading day up but the peso finished a little weaker against the greenback on back of the positive US jobs report last October.PSEi recovered from another slip last Friday and ended Monday at 8,523.07 points, up... Read More
MANILA -- The Philippine government has identified at least six infrastructure projects, bulk of which is located in Mindanao, under the second basket of projects it would propose for possible funding by China.“There is a long list (of projects) but we have prioritized six, possibly four from... Read More
MANILA -- Profit of Sy family-led property giant SM Prime Holdings Inc. grew by 15 percent in the first nine months of 2017 on strong mall revenues.SM Prime told the local bourse its net income reached PHP20.05 billion in January to September from PHP17.45 billion last year.SM Prime’s... Read More
MANILA -- Robust loan growth boosted Security Bank Corporation’s (Security Bank) net income in end-September 2017 to PHP7.4 billion, up 12 percent year-on-year.“This result was driven by a 24 percent or PHP2.8 billion increase in net interest income to PHP14.3 billion,” the bank... Read More
The Philippine News Agency is a web-based newswire service of the Philippine government under the supervision of the News and Information Bureau (NIB) of the Presidential Communications Office (PCO).