Economy

Mass-housing proponent 8990 Holdings Inc. booked a 74-percent increase in net income for the third quarter to P1.02 billion from P589 million a year ago on the back of a sustained 60-percent gross and a 45-percent net margin for the past three quarters. 8990 is traded in the PSE under the ticker name House.

Jonathan Fahey New York—At some point this will end, perhaps even soon. The price of gasoline will not fall to zero.

Riza Lozada (First of two parts) Overshadowed by the papal visit was the “birth” of the Association of Southeast Asian Nations (Asean) economic community, a bloc envisioned to be similar to the European Union, and which Philippines officials hope to put the country in equal footing with its neighbors in the association.

Luis Leoncio Underspending in the government remains a spoiler to the Philippines’s economic growth momentum, according to the Philippines Economic Update that the World Bank (WB) released recently as the multilateral lender slashed growth projections this year to 6.5 percent from the previous 6.7 percent.