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Listed firms hike profit as online trade grows

The Philippine Stock Exchange in Makati City. (TMM file photo)

By Riza Lozada Listed companies had a combined net income of P683 billion in 2016, higher by 17.8 percent from P580.15 billion in 2015 as a result of improved business operations and lower costs, Philippine Stock Exchange (PSE) data showed. 

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PAL returns to KL after 3-year hiatus

Philippine Airlines (PAL) Chairman Dr. Lucio C. Tan (third from left) led the traditional ribbon-cutting ceremony to mark the reopening of PAL’s daily flight to Kuala Lumpur. PAL last flew to the Malaysian capital in 2014. Others in photo are (from left) Marianne Raymundo, PAL COO; Fazdila Mansor, tourism attaché of the Malaysian Embassy; Dr. Tan; Irene Montalbo, Ninoy Aquino International Airport (Naia) Terminal 2 Manager; Stewart Lim, PAL executive vice president and treasurer; Ismael Augusto Gozon, PAL senior VP for airline operations; and Emilio Yu, special assistant to the PAL Chairman.

After an absence of three years, flag carrier Philippine Airlines (PAL) resumed daily services to Kuala Lumpur, Malaysia on June 8. 

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ICTSI exec cites need for Georgia ports development

At the 6th Black Sea Ports Conference and Exhibit: (from left) Hans-Ole Madsen, ICTSI senior vice president and head of the EMEA region, joins Zurab Pataradze, Adjara Autonomous Republic chairman; Murat Jumadillaye, BSPL director-general; and Rory Doyle, Transport Events Management managing director for the ribbon-cutting ceremony.

Georgian ports need to improve their services and logistical connectivity to maintain the country’s position as a key transit corridor for the Caucasus, Jacob Gulmann, ICTSI Europe, Middle East and Africa Business Development Director, said during his presentation at the 6th Black Sea Ports Conference and Exhibit held last May 18 to 19 at the Sheraton Batumi Hotel in Adjara, …

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IC eyes rehab of pre-need firm

The Insurance Commission (IC) is considering to place troubled pre-need firm Provident Plans International Corp. under rehabilitation unless it shows effort to improve its finances. 

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BDO, Fiserv widen fin-tech partnership

banco-de-oro-bdo

Top lender BDO Unibank has extended and expanded its partnership with international financial technology provider Fiserv Inc. 

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State firms remit P4.54B to treasury

Facade of the Bureau of the Treasury building in Intramuros, Manila. (Photo: Alvin I. Dacanay)

By Riza Lozada The government is receiving higher shares from state firms and agencies as three government-owned and controlled corporations (GOCCs) remitted recently a total of P4.54 billion to the National Treasury. 

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BSP’s demonetization campaign bags award

story4-foto-A5-banking

The Bangko Sentral ng Pilipinas campaign on the demonetization of the old banknote series was selected as one of the three finalists under the category Best Communications Program in the 2017 Excellence in Currency Awards of the International Association of Currency Affairs (IACA). 

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SMC launches key NAIAx road project

Travelers bound for Ninoy Aquino International Airport (Naia) Terminals 1 and 2 can now reach them faster with the opening of the Naia Expressway Phase II Project by the Department of Public Works and Highways (DPWH) on Sept. 22. The elevated expressway connects Naia Terminals 1 and 2 from Diosdado Macapagal Avenue in Pasay City and serves as a faster route instead of going through the highly congested Aurora Boulevard, Airport Road, Domestic Road and Naia Road. AVITO C. DALAN/PNA

Asian conglomerate San Miguel Corp. (SMC) officially inaugurated its 7.7-km elevated NAIA Expressway Phase II project (NAIAx), which is currently providing ease of access to and from the country’s busiest gateway, during a late night ceremony onsite that saw the government’s economic managers touting its thrust to further build on the country’s gains via its “Build, Build, Build” program. 

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Cebu Pac flyers up 2.6% to 1.817 million in April

Cebu-Pac

Listed budget airline Cebu Pacific (CEB) saw passenger growth bounce back in April, as summer went into full swing and on the back of the traditional Lenten break and four-day long Labor-Day weekend. 

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Globe confident of rise in broadband demand

Senior Vice President of Globe at Home Martha Sazon.
(GLOBE TELECOM WEBSITE)

Listed phone giant Globe Telecom remains optimistic on the growing demand for home broadband Internet amid the latest Akamai Report that showed improvement of broadband speed and adoption in the country. 

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