Conglomerate Aboitiz Equity Ventures Inc. (AEV) reported a 24-percent increase in profit to P5 billion in the first quarter on the back of power, banking and financial services, and infrastructure business units.

The Philippines posted an improvement of more than 5 percent in its score in the 2016 perception survey conducted by the international think tank Political & Economic Risk Consultancy Ltd (PERC), the highest among covered developing countries. 

Atlas Consolidated Mining and Development Corp.’s (ACMDC) Cebu unit Carmen Copper Corp. (CCC), engaged in copper mining copper and exporting, said in will lay off 551 employees, equivalent to 15 percent of its workforce, as part of cost reduction due to the depressed prices of copper in the global market. 

By Jerry Maglunog Nearly 90 percent of goods bought with credit cards are consumer items, making the local economy household lending-driven.

The demand for the lifting of the bank-secrecy law because of recent allegations that it is being used to conceal unexplained wealth may have a backlash on efforts of the country to attract more investments, bankers said.

Capital One Philippines Support Services Corp., the Alabang-based global in-house contact center of Capital One Financial Corp., has been given the Outstanding Community Project prize by the Philippine Economic Zone Authority (Peza).

An additional 55,000 Filipino children between six and 13 years old are expected to participate in the Kasibulan Grassroots Football Development Program (2015–2017), organized by the Philippine Football Federation (PFF) through the financial assistance of state-owned Philippine Amusement and Gaming Corp. (Pagcor).

With the economy expected to expand even more this year, the Association of Filipino Franchisers Inc. (AFFI) has laid out plans to further empower entrepreneurs and the role of entrepreneurship in nation-building.

Filinvest Development Corp. (FDC) reported a net income of P7 billion last year, which was a solid 13 percent growth from the previous year.

Conglomerate Ayala Land Inc. (ALI) has recently issued bonds worth P7 billion as part of its P50 billion shelf registration. The bonds have terms of 9.5 years maturity and a 4.75 percent fixed rate due 2025. This listing marked ALI’s second tranche of its P50-billion shelf registration for a 12-percent share of the total P551.81 billion listed bonds at the …