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ABS-CBN revenues up 10% to P4.7B in 3 months

Broadcast giant ABS-CBN Corp. reported P9.6 billion in consolidated revenue for the first three months as consumer sales grew by 10 percent to P4.7 billion while its first quarter airtime revenues were 13 percent lower compared to the same period last year. 

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Aboitiz hydropower unit named employer of the year

Home-grown hydropower generation company, Hedcor Inc., was recognized as ‘Employer of the Year’ at the Kapatiran sa Industriya (Kapatid) Awards by the Employers Confederation of the Philippines. 

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PLDT reverts to fixed as mobile income falls

By Riza Lozada Slowing revenues from its mobile services re­sulted in telecommu­nications giant PLDT Inc. posting a core income of P5.3 billion in the first quar­ter, down 26 percent from a year ago.

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LTG profit in first quarter flat at P2.25B from last year

LT Group Inc. (LTG) reported an unaudited attributable net income for the first quarter of 2017 amounted to P2.25 billion, flat com­pared to the P2.23 billion reported in the first quarter.

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DOF sees tax-reform bill to hurdle House before it adjourns

The Department of Finance (DOF) is confident the tax-reform bill will pass before the House of Representatives adjourns on June 2, citing the measure’s “substantial progress.” 

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Governance vastly improved in Asia

By Riza Lozada  Asia’s economies over the past two decades have succeeded to improve corporate governance and develop regional mechanisms to ensure financial stability and avoid a repeat of the economic crisis that buffeted the region in 1997, Finance Secretary Carlos Dominguez III has said. 

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Caltex scheme to help fund Bicol school projects

Caltex’s multi-awarded Fuel Your School (FYS) program is now set to help fund projects in science, technology, engineering and mathematics (STEM) for high-need public high schools in Bicol region. 

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Fortinet reports banner performance for Q1

Cybersecurity firm Fortinet delivered in the first quarter billings and revenue growth that exceeded the firm’s guidance and which continued to outgrow the market, said founder, chairman and CEO Ken Xie. 

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Globe ad campaign bags Asia-Pacific plum

Telecoms giant Globe Telecom’s #1stWorldInternetPH bagged the Best Telecommunications Campaign at the 2016 Asia-Pacific Excellence Awards which was created to honor the most outstanding achievements in the field of corporate communications, PR and public affairs. 

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Globe secures P8-B debt to bolster data business

By Riza Lozada  Communications giant Globe Telecom has signed a 10-year P8-billion term loan facility with BDO Unibank Inc. to finance the company’s capital expenditure and general corporate requirements.

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