Business

Listed telecoms giant Philippine Long Distance Telephone Co. (PLDT) has strengthened its leadership in the home broadband business with both revenues and subscriber numbers growing at double-digit rates as the company rolls out more Fiber-to-the-Home (FTTH) lines and offers a growing range of rich digital content and services in more parts of the country.

A P1-billion insurance fund that will enable 25 disaster-prone provinces to act faster and better respond to the devastating impact of natural calamities is now available under the government’s Parametric Insurance Pilot project, the Department of Finance (DOF) said. 

Finance Secretary Carlos Dominguez III has paid tribute to the immediate past and current governors of the Bangko Sentral ng Pilipinas (BSP) for their “adept management” of monetary policies, which has earned global recognition for the country’s central banking institution. 

The policy-making Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) prohibited World Partners Bank (A Thrift Bank) Inc. from doing business in the Philippines. 

By Riza Lozada The current account (CA) will remain in deficit as the domestic economy posts robust growth, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said. 

By Riza Lozada The heated verbal exchanges between officials of the United States and North Korea over missile launches continue to make investors jittery, resulting in another weakness for both the Philippine peso and the stock market.

Businessman Andrew Tan’s flagship Megaworld Corp. reported its profit rose 11 percent to P6.69 billion in the first six months from P6.03 billion a year ago.

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.