Companies

Bloomberry Resorts Corp. posted P4.11 billion net profit in the first semester, its highest for this year.

Apex Mining Co Inc. recently bolted the Chamber of Mines of the Philippines (COMP) which is the influential umbrella group of local miners.

Listed conglomerate JG Summit Holdings Inc. reported a consolidated core net income of P15.95 billion in the first half of 2017, slightly lower than the P15.99 billion a year ago.

By Riza Lozada The stock market’s operating revenues for the first six months of the year rose by 18.1 percent to P662.53 million from P560.81 million a year ago, mainly due to double digit gains in listing- and trading-related fees, the Philippine Stock Exchange Inc. (PSE) said.

State housing loan agency Pag-IBIG Fund and the government-run Development Bank of the Philippines (DBP) recently inked a partnership to use DBP’s electronic banking facility, internet payment gateway, and prepaid card for easier and faster payment and collection processes for the Fund. 

The first commercial flight of the world’s first dual-class turboprop airplane took off last August 1 from Mactan International Airport bound for Caticlan and Clark, marking Philippine Airlines’ (PAL) serious reassertion of its domestic market dominance. 

The regulator Metropolitan Waterworks and Sewerage System (MWSS) approved recently a 1.12% increase or a 28-centavo per cubic meter increase in the Foreign Currency Differential Adjustment (FCDA) for the third quarter of this year for East Zone concessionaire Manila Water Co. 

Listed Phoenix Petroleum was named Outstanding Filipino Franchise in Retail-Large Store Category in the 2017 Franchise Excellence Awards (FEA), the second time for the company to receive the prestigious award. 

The Manila International Container Terminal (MICT), the flagship operation of global port operator International Container Terminal Services Inc. (ICTSI) achieved record volume and productivity with its first year-to-date two million twenty-foot equivalent unit (TEU) volume of cargos moved last December.

Local fast food giant Jollibee recently opened its 1000th store at BGC Triangle Drive in Taguig City.