Home / Business / Companies (page 58)

Companies

Cebuana Lhuillier opens 1st branch in Middle East

By Riza Lozada Cebuana Lhuillier has opened its first office in the Middle East, located at the Dubai Multi Commodities Centre (DMCC), to provide remittances service to the Philippines as well as a liaison office for its partners in the region.

Read More »

Bourse suffers ‘jinx’, stays below 8,000

Stock market stakeholders call it as almost “a jinx.” The stock index in the days after the visit of President Aquino to the bourse had refused to rise back to the 8,000 point level, ending the week at 7,946.89 down by 0.02 percent or 1.31 points.

Read More »

Lopez, SMC lead bidders for 200-MW coal project

By Riza Lozada Twelve power consortia, led by the Lopez group and San Miguel Corp. (SMC), expressed interest to bid for the contract to become the independent power producer administrator (Ippa) of the 200-megawatt (MW) Mindanao coal-fired thermal power plant.

Read More »

PNB income up 5% to P5.5B last year

The Philippine National Bank (PNB) posted a net income of P5.5 billion in 2014, reflecting a 5-percent increase from its previous year’s level-despite the challenging conditions in the local financial markets that caused the bank’s trading gains to decline substantially by 72 percent to P1.3 billion.

Read More »

Ayala ramps up energy, transport investments

Conglomerate Ayala Corp. is boosting its new portfolio of businesses in power generation and transport infrastructure as it targets ramping up profit to P20 billion at least in the next two years.

Read More »

Manager gets 20 years for SSS delinquency

The San Fernando Regional Trial Court in La Union sentenced to a maximum of 20 years in prison the manager of a security agency for failing to pay the Social Security (SS) contributions of his security guards.

Read More »

Bloomberry turns around with P4-B profit in 2014

Bloomberry Resorts Corp. (BRC), owner and operator (through its subsidiaries) of the Solaire Resort and Casino, reported P4.072 billion in net profit last year to reverse a P1.315 billion loss a year ago.

Read More »

Weakening China, Euro turmoil to hit Asian firms

Asian businesses will be challenged this year as a result of the impact of the worsening political situation in some European countries and China’s weakening economy, the outcome of the annual outlook and risk conference of a credit insurance firm indicated.

Read More »

Bull run still on; index marks 19th record close

The bourse index surged to a fresh all-time high last Friday, its 19th record for this year, on the back of good earnings reports and tracking the uptrend in the United States market.

Read More »

New port operations lift ICTSI profit 6% to $182M

Listed International Container Terminal Services Inc. (ICTSI) reported a consolidated profit of $182 million, up six percent from the $172.4 million profit a year ago.

Read More »