Business

Listed budget airline Cebu Pacific (CEB) saw passenger growth bounce back in April, as summer went into full swing and on the back of the traditional Lenten break and four-day long Labor-Day weekend. 

Listed phone giant Globe Telecom remains optimistic on the growing demand for home broadband Internet amid the latest Akamai Report that showed improvement of broadband speed and adoption in the country. 

Unilever Philippines has signed an agreement with Lopez group power arm First Gen Corp. through its licensed Retail Electricity Supplier, First Gen Energy Solution Inc., for the supply of renewable energy to Unilever’s Paco and Pasig facilities. 

By Riza Lozada Property developer Cebu Landmasters Inc. (CLI) targets to double its land assets following the success of its initial public offering (IPO), which allowed the property developer to raise P2.9 billion. 

The Bureau of Internal Revenue (BIR) will play a central role in realizing the Philippines “economic breakout” which requires an improvement in both tax administration and policy reforms in the agency to ensure a steady revenue stream for the Duterte administration’s ambitious program to modernize the country’s infrastructure backbone and accelerate poverty reduction, Finance Secretary Carlos Dominguez III said. 

By Riza Lozada An increase in domestic borrowings bumped up the national government’s (NG) outstanding debt in April by 8.3 percent to P6.37 trillion, Bureau of Treasury (BTr) data showed. 

Agribusiness pioneer Vitarich Corp. posted record gains in 2016 and the first quarter of 2017, effectively sustaining its growth momentum in the last few years while gearing up for expansion in Luzon, Visayas, and Mindanao.

The declaration of martial law in Mindanao has not, in any way, affected the operations of Alsons Power, the company’s chairman and president Tomas Alcantara said. 

Telecommunications giant Philippine Long Distance Telephone Co. (PLDT) said it has sustained its leadership in the Enterprise market as its revenues reached P8.5 billion for the first quarter, up 13 percent from last year’s P7.55 billion, driven by strong demand for data and information and communications technology (ICT) services. 

Listed property developer Double Dragon (DD) targets to raise at least P6.5 billion from the issuance of the second tranche of its fixed rate retail bonds.