GT Capital core profit up 19%
Philstar - 2017-08-11
MANILA, Philippines - GT Capital Holdings Inc. of tycoon George Ty reported a core net income of P7.4 billion in the first half of the year, up 19 percent year on year. However, consolidated net income declined 21 percent to P9.11 billion because of non ...

LT Group posts lower H1 income
Philstar - 2017-08-11
It also has a 30.9 percent in Victorias Milling Co. Inc. The tobacco business contributed 41 percent or P1.85 billion to the groupwide total earnings followed by PNB (P1.52 billion or 34 percent), and ABI (P401 million or nine percent), Tanduay Distillers ...

MacroAsia triples second quarter earnings
BusinessWorld Online - 2017-08-11
AVIATION logistics firm MacroAsia Corp. tripled its profit in the second quarter to P372 million from a year ago on the back of top line growth across its aircraft maintenance, repair, food, and ground handling businesses. In a statement released on Friday ...

Second quarter profit flat at 7-Eleven licensee, but retail shows recovery signs
BusinessWorld Online - 2017-08-11
THE Philippine licensee of 7-Eleven convenience stores registered flat earnings in the second quarter of 2017 anchored on the recovery of same-store sales during the period. Philippine Seven Corp. (PSC) reported a net profit of P288.3 million in the three ...

RCBC lists LTNCDs on PDEx
BusinessWorld Online - 2017-08-11
RIZAL COMMERCIAL Banking Corp. (RCBC) said it listed about P2.5 billion worth of long-term negotiable certificates of deposit (LTNCDs) on the Philippine Dealing & Exchange Corp. (PDEx) Friday. In a statement e-mailed to reporters on Friday, RCBC said its ...

Fighting to save his soul
thestandard.com.ph - 2017-08-11
dollar and peso account at Rizal Commercial Banking Corp. (RCBC) amounting to $12,778.30 and P257,931.60, respectively; and Hong Kong dollar deposits at HSBC in Hong Kong amounting to HK$948,358.97. In contrast, he only declared a net worth of P176.3 ...

Stocks fall on Nokor rhetoric
thestandard.com.ph - 2017-08-11
D&L Industries Inc. lost 2.5 percent to P10.26, while Ayala Land Inc., a major property developer, declined 1.3 percent to P41.95. Security Bank Corp., the fifth largest lender in terms of assets, rose 3.3 percent to P252. The rest of Asian equities ...

Ginebra 3-on-3 hoop tourney this Saturday
Philstar - 2017-08-11
CEBU, Philippines - The Cebu leg of the Ginebra San Miguel Inc. 3-on-3 Basketball Tournament will fire off on August 12 at the Barangay Pasil Multi-Purpose Gym in Cebu City. The tournament is open to male non-professional players aged 18-35 and must be ...

Megaworld income rises 11%
Philstar - 2017-08-11
MANILA, Philippines - Megaworld Corp. reported a net income of P6.03 billion in the first half, up 11 percent from the same period last year on the back of strong office and commercial leasing operations. "It has been a strong first half for Megaworld as ...

NOW expands network with Pre-5G
BusinessMirror. - 2017-08-11
For its part, Security Bank Capital, has been appointed by the company as a financial advisor with ongoing initiatives in bringing institutional investors into the TMT company. For this reason, the Board gave management the flexibility to utilize various ...

Bogo Medellin Milling Co Inc (BMM)
investing.com - 2017-08-11
Get an in-depth profile of Bogo Medellin Milling Co Inc, including a general overview of the company's business and key management, as well as employee data and location and contact information. Bogo-Medellin Milling Co., Inc. is a Philippines-based Sugar ...

Absence of political ads drags down ABS-CBN income in 1st half
Rappler - 2017-08-11
MANILA, Philippines - The absence of political advertisements has dragged down the net income of ABS-CBN Corporation to P1.2 billion in the 1st half of 2017, from P2.1 billion in the same period last year. The Lopez-led media and entertainment company ...

Megawide on track to hit income target despite slower revenues
Rappler - 2017-08-11
MANILA, Philippines - Megawide Construction Corporation remains optimistic it can hit its target P2-billion net income in 2017 despite slower construction revenues in the first half of the year. Megawide told the Philippine Stock Exchange that its net ...

Megawide earnings fall in Q2
BusinessWorld Online - 2017-08-11
MEGAWIDE Construction Corporation reported on Thursday its net profit attributable to shareholders of the parent dipped 1.4% to P487.02 million in the second quarter, despite higher revenues from contracts and airport operations. This brought the diversifi ...

Philippine central bank keeps policy steady
wisdomsave.com - 2017-08-11
with the first one at Thursday's meeting. Stock Jumping Abnormally High: Plains GP Holdings, LP (PAGP) If you are reading this piece on another site, it was stolen and reposted in violation of worldwide copyright legislation. The company's Average Earnings ...

All-time high gaming boosts Bloomberry's income 24-fold
Rappler - 2017-08-11
MANILA, Philippines - The owner and operators of Solaire Resort and Casino, Bloomberry Resorts Corporation, saw its net income surge 24-fold to P4.1 billion in the 1st half of the year, thanks to its all-time high gaming revenues here and abroad.

2 party-list reps make up House 'billionaires' club' in 2016
Rappler - 2017-08-11
He chairs the board of directors of GlobalPort 900 Inc, a listed company in the Philippine Stock Exchange; and owns basketball team GlobalPort Batang Pier in the Philippine Basketball Association (PBA). The second richest in the House is DIWA ...

Golden Jolly Bestfoods Corp.
jobstreet.com.ph - 2017-08-11
Golden Jolly Bestfoods Corporation is a franchisee of Jollibee Foods Corporation operating Jollibee stores in Metro Manila. It is under a group of Jollibee Franchisee that also has Chowking, Red Ribbon and Mang Inasal. The group has been operating since 2001.

Net interest, fee-based earnings drive RCBC's income in 2nd quarter
Rappler - 2017-08-11
MANILA, Philippines - Earnings of listed Rizal Commercial Banking Corporation (RCBC) in the 1st 6 months of the year still slipped, even if it booked 67% income growth in the 2nd quarter, which was fueled by higher net interest profit, among others.

Rental business drives Megaworld Q2 higher | BusinessWorld
- 2017-08-11
MEGAWORLD Corp. accelerated its earnings by 10% during the second quarter of 2017, on the back of double-digit growth in leasing revenues from its office buildings, malls and hotels. In a regulatory filing, the Andrew L. Tan-led property developer posted an attributable net income of P3.61 billion, higher than the P3.28 billion it realized in …

JJ Atencio and 8990
thestandard.com.ph - 2017-08-11
Effective end of this year, Januario Jesus "JJ" Atencio retires as president and CEO of 8990 Holdings, Inc., the publicly listed leading mass housing developer. It is not that JJ has been ousted from 8990 for so-so performance. "8990 remains a growth ...

Metro Retail income up 53%, nets P401M
Philstar - 2017-08-10
CEBU, Philippines - Cebu retail giant Metro Retail Stores Group Inc. said yesterday its net income in the first half of 2017 grew 53 percent to P401 million, buoyed by the strong domestic consumption. In a disclosure to the Philippine Stock Exchange on ...

Estranged wife knew about family investments, Bautista's brother says
Philstar - 2017-08-10
Prior to his service at the Presidential Commission on Good Government and Comelec, Andres served as the president of Shang Properties Inc. and Kuok Philippine Properties Inc. RELATED: The story so far: Poll chief Andres Bautista and wife

JJ Atencio and 8990
thestandard.com.ph - 2017-08-10
Effective end of this year, Januario Jesus "JJ" Atencio retires as president and CEO of 8990 Holdings, Inc., the publicly listed leading mass housing developer. It is not that JJ has been ousted from 8990 for so-so performance. "8990 remains a growth ...

PLDT confident of hitting P21.5-B core income goal
Philstar - 2017-08-10
MANILA, Philippines - PLDT Inc. is confident of achieving the P21.5 billion recurring core income guidance for the year due to the steady progress in the first half. In a press briefing yesterday, PLDT chairman and chief executive officer Manuel V.

Stock investors stay on sidelines
Philstar - 2017-08-10
Most players opt to head for the exits until tension eases." He added the earnings report of Universal Robina Corp. and JG Summit of the Gokongwei group disappointed investors. "Expect market to consolidate within the 7900 level for now given the ...

Semirara power units boost profits to P7.86 billion
BusinessMirror. - 2017-08-10
SEMIRARA Mining and Power Corp. (SMPC) posted a 24-percent increase in net income in the first half of the year to P7.86 billion, from P6.36 billion in the same period a year ago, mainly due to stronger contributions from its power units. Net of ...

Forex losses yank down San Miguel H1 earnings
BusinessMirror. - 2017-08-10
Operating income rose 44 percent to P594 million, while net income almost doubled to P265 million. Revenues of San Miguel Pure Foods Co. Inc. rose 5 percent to P55.9 billion due to higher volumes and favorable selling prices of its poultry, fresh-meats and ...

Forex losses yank down San Miguel H1 earnings
BusinessMirror. - 2017-08-10
Liquor unit Ginebra San Miguel Inc. had revenues reaching P10.1 billion, 20 percent higher than last year. Operating income rose 44 percent to P594 million, while net income almost doubled to P265 million. Revenues of San Miguel Pure Foods Co. Inc. rose 5 ...

Forex losses yank down San Miguel H1 earnings
BusinessMirror. - 2017-08-10
Liquor unit Ginebra San Miguel Inc. had revenues reaching P10.1 billion, 20 percent higher than last year. Operating income rose 44 percent to P594 million, while net income almost doubled to P265 million. Revenues of San Miguel Pure Foods Co. Inc. rose 5 ...

RCBC reports P2.35-b income
thestandard.com.ph - 2017-08-10
Rizal Commercial Banking Corp., the ninth-largest lender in terms of assets, said Thursday net income in the first half reached P2.35 billion, down by 10 percent from P2.61 billion a year ago. RCBC said in a statement this performance translated into an ...

Semirara nets P7.9b on higher coal sales
thestandard.com.ph - 2017-08-10
Semirara Mining and Power Corp. recorded a 24-percent increase in net income after tax in the first half to P7.86 billion from P6.36 billion in the same period last year, on higher coal and electricity sales. Semirara said in a disclosure to the stock ...

NEDA reviews San Miguel's proposed airport in Bulacan
Rappler - 2017-08-10
MANILA, Philippines - The proposal of San Miguel Corporation (SMC) to build an international airport in Bulacan is now being reviewed by the National Economic and Development Authority (NEDA). Socioeconomic Planning Secretary Ernesto Pernia said the NEDA ...

Purefoods profit up in Jan-June
Philstar - 2017-08-10
MANILA, Philippines - San Miguel Pure Foods Company Inc. said net income rose to P3.1 billion in the first half, up 26 percent on strong second quarter performance. Revenues increased five percent to P56 billion as volumes increased and selling prices of ...

Trade gap narrows as exports inch up
BusinessWorld Online - 2017-08-10
Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines (Union Bank), agreed: "This slight improvement in the trade deficit is very positive. It must be understood that not all trade deficits are bad for an economy, in the first place.

PLDT Q2 profit surges 85% on Beacon divestment
BusinessWorld Online - 2017-08-10
PLDT, Inc. registered an 85% increase in its attributable net income in the second quarter, due to the divestment of its equity interest in Beacon Electric Asset Holdings, Inc. last June and growth in its data and broadband businesses. In a regulatory ...

San Miguel says recurring net income hits P27.6B in 1 st half
BusinessWorld Online - 2017-08-10
Revenues for the group were flat at P40.7 billion, from the P41.1 billion a year ago. Meanwhile, Petron Corp. exhibited a 28% growth in revenues to P207 billion, pushing its net income 56% higher to P8.2 billion. "This was driven by a deliberate focus on ...

Ayala to join Metro Pacific in MRT3 rehab proposal
Rappler - 2017-08-10
MANILA, Philippines - Ayala Corporation will join Metro Pacific Investments Corporation in the planned unsolicited proposal to upgrade the glitch-prone Metro Railway Transit Line 3 (MRT3). Ayala Infrastructure Holdings president and chief executive Rene ...

Wireless business remains headache for PLDT
BusinessMirror. - 2017-08-10
WHILE its net profits widened by a third during the first half of the year, PLDT Inc. still took a hit from its wireless business with Chairman Manuel V. Pangilinan saying the telecommunications company is not "out of the woods" yet. On Thursday ...

Semirara power units boost profits to P7.86 billion
BusinessMirror. - 2017-08-10
SEMIRARA Mining and Power Corp. (SMPC) posted a 24-percent increase in net income in the first half of the year to P7.86 billion, from P6.36 billion in the same period a year ago, mainly due to stronger contributions from its power units. Net of ...

RCBC reports P2.35-b income
thestandard.com.ph - 2017-08-10
Rizal Commercial Banking Corp., the ninth-largest lender in terms of assets, said Thursday net income in the first half reached P2.35 billion, down by 10 percent from P2.61 billion a year ago. RCBC said in a statement this performance translated into an ...

Philippine Airlines to start daily flights on Manila-London route
ftnnews.com - 2017-08-10
Philippine Airlines is all set to boost its operations between Manila and London Heathrow with the deployment of its state-of-the-art 370 seater Boeing 777-300s on the route beginning September 19. The triple7, considered the airline's flagship aircraft on ...

Quezon City mayor makes pitch for city to manage own dump site
BusinessMirror. - 2017-08-10
Experts said Payatas should not have been established as a sanitary landfill, since it is near major subdivisions in Quezon City and nearby towns in Rizal, and it emits foul odor, particularly at night, prompting complaints from residents of Filinvest 2 ...

ABS-CBN sues Canadian firm for copyright breach
Inquirer - 2017-08-10
The broadcast firm filed a $5-million damage suit against Techspeed Canada Inc., Joe Baddas, Ferdinand Molina and Todd Ross before the Canadian Federal Court for copyright infringement, trademark infringement and enabling and inducing copyright ...

Central Azucarera de Tarlac Inc (CAT)
investing.com - 2017-08-10
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so ...

Manila Water income up 3%
Philstar - 2017-08-10
MANILA, Philippines - Ayala-led and east zone concessionaire Manila Water Co. Inc. reported a three percent increase in ... In a regulatory filing, the company said revenues went up four percent to P9.1 billion while EBITDA (earnings before interest ...

Investors cool on Canadian banks, turn to insurers, amid housing fears
New York Daily News - 2017-08-10
Higher bond yields reduce the value of insurance companies' liabilities, boosting their earnings. Manulife Financial Corp and Sun Life Financial Inc , two of Canada's biggest insurers, are due to report second-quarter earnings after the market closes on ...

Skyway Quirino portion to open by Q2 2018
BusinessWorld Online - 2017-08-10
The project, with San Miguel Corporation (SMC) Infrastructure as concessionaire and part of the Citra Central Expressway Corporation (CCEC) consortium, costs P37.43 billion. The Skyway will have 14 toll plazas and eight local interchanges located in ...

OCD to spearhead earthquake, tsunami SIMEX on August 17
news.pia.gov.ph - 2017-08-10
During the tragic incident that happened 41 years ago, the barangays that were greatly affected were Balangasan, Dumagoc, Kawit, Santiago, San Pedro, Sta. Lucia, and White Beach. "We will work as a team under one structure to ensure that the populace is ...

Beacon divestment lifts PLDT's core income to over P12B
Rappler - 2017-08-10
MANILA, Philippines (UPDATED) - A divestment in Beacon Electric Asset Holdings Incorporated (Beacon) and a manpower reduction program lifted PLDT Incorporated's core income for the 2nd quarter of 2017 to P12.1 billion. This is compared to the P10.5 ...