Companies

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.

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.

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.” 

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. 

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. 

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. 

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. 

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.

8990 Holdings’ two largest ventures in the Visayas region, DECA Homes Mactan Prime and Urban DECA Homes Mactan, have taken the lead in mass housing development. 

Container terminals managed and operated by International Container Terminal Services Inc. (ICTSI) at the Subic Bay Freeport are expected to beef up trade between South Korea, Taiwan and the Philippines with Evergreen Marine Corp. launching a new direct service at key ports of the three trading economies.