Grab plans to revive motorcycle taxi service
Grab Philippines said Friday it plans to revive its motorcycle taxi operations after the government approved the resumption of the pilot study for ride-hailing services for motorcycles......»»
Globe, DITO tap Aboitiz InfraCapital for small cell sites
Aboitiz InfraCapital Inc. said Friday it secured separate deals with Globe Telecom Inc. and DITO Telecommunity Corp. for the deployment of small cell sites to boost network capacity and coverage......»»
Market rallies; JG Summit climbs
Stocks rallied Friday on bargain hunting to end a three-day slump, and on easing quarantine measures that are expected to limit the damage to the Philippine economy......»»
Fitch Solutions: Household spending to fall 8% this year
Household spending in the Philippines is expected to fall 8 percent this year amid the health crisis, before rebounding by 5.6 percent next year on the back of government stimulus measures, Fitch Solutions, a unit of Fitch Group, said in a report Friday......»»
Holcim& rsquo;s income rose 34% in third quarter
Cement producer Holcim Philippine Inc. said Friday net income grew 34.2 percent in the third quarter to P613.7 million from a year ago, on cost management and efficiency improvement initiatives across the business......»»
BSP sees October inflation steady at mid-point range of 2.3%
Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Friday inflation rate in October likely remained benign and steady at 2.3 percent, the mid-point of the bank’s forecast range, on slower increases in the prices of rice and fuel......»»
Angkas files for employee retrenchment amid crisis
Motorcycle taxi ride-hailing firm Angkas, despite adopting operational measures by reducing work hours and cutting the basic pay of employees to sustain financial obligations, could be in serious financial trouble, documents showed Friday......»»
AREIT declared P844-million profit in nine months
AREIT Inc., the country’s first real estate investment trust, said Friday it posted a net income of P844 million in the first nine months, driven by the stable operations of its office leasing portfolio......»»
Metrobank& rsquo;s income before provisions climbed 41% to P52.4B in nine months
Metropolitan Bank and Trust Company said Friday income before provisions climbed 41 percent to P52.4 billion in the first nine months from a year ago on the back of a 20-percent increase in revenues......»»
Toilet paper and pasta: France girds for 2nd lockdown
Paris, France—Stores and businesses across France were filled Thursday by people racing to get supplies—and maybe a last-minute haircut—ahead of a new coronavirus lockdown coming into effect at midnight......»»
World Bank sees slower fall for remittances this year
Inflows from Filipinos abroad would decline 5% year-on-year in 2020, the multilateral agency said in a global migration report with KNOMAD, a think tank......»»
Converge s revenue surge fails to impress investors on debut week
Share prices have tumbled 12% from Converge's initial price offer of P16.80......»»
October inflation seen under control despite typhoon-induced supply woes
Typhoons that damaged crops and disrupted food supplies unlikely prompted inflation to accelerate that much in October, thanks to lower oil and water prices, the central bank said on Friday......»»
Golden Haven memorial lots offer high investment return
With the COVID pandemic halting price increases in property developments, investments in Golden Haven memorial lots are now getting on the radar of smart investors......»»
Bulacan Bypass Road Phase 3 nearly complete
The third phase of the Arterial Road Bypass project in Bulacan is on track for completion by December, the Japan International Cooperation Agency said......»»
DTI unveils new marketing drive
The Department of Trade and Industry has unveiled a new marketing campaign to position the country as an attractive and reliable place for trade and investments......»»
Semirara income down 64% to P3 billion
Semirara Mining and Power Corp. registered a 64 percent drop in its net earnings in the nine months to September due to lower prices and demand for coal and electricity......»»
Pagcor’s 9-month profit plunges 97%
Earnings of state-run Philippine Amusement and Gaming Corp. plummeted in the first nine months as its income from gaming operations suffered following the temporary suspension of casino operations due to the pandemic......»»
Business leaders welcome easing quarantine restrictions
Businesses welcome the easing of restrictions for shopping malls and commercial centers are prepared with health and safety measures in their establishments to ensure the safety of consumers who can now venture out of their homes......»»
iAcademy wins Global Brands award
Makati-based school iAcademy recently won an international award from UK-based publications company Global Brands along with other top-tier schools including Harvard, Massachusetts Institute of Technology and Nanyang Technological University......»»