The Market Monitor Minding the Nation's Business
Top finance students of state universities were recently introduced to global bank Citi’s banking products and services at the launch of Citi Junior Bankers mentoring sessions.
Read More »Citi introduces global banking skills to students
Business
Romulo takes helm at state-owned development bank
By Riza Lozada Former Sen. Alberto Romulo assumed the post as new chairman of the board of the Development Bank of the Philippines (DBP) after Finance Secretary Carlos Dominguez III swore him into office last week.
Read More »Metro Pacific Investments’ core profit up 17% to P12B last year
By Riza Lozada Diversified conglomerate Metro Pacific Investments Corp. (MPIC) reported a 17 percent rise in its consolidated core net income to P12.1 billion in 2016 from P10.3 billion in 2015 as a result of strong growth from all its operations.
Read More »Belle Corp. net income rockets 74% to P3B
Casino operator Belle Corp. reported consolidated net income of P3.1 billion for 2016, which was 74 percent higher from the previous year.
Read More »Egg shells lay P2.64-B profit for chemical firm
Listed chemical firm D&L Industries reported P2.64 billion in net income for 2016 and earnings per share of P0.37 which were both higher by 15 percent.
Read More »M3 growth down to 12.4% in January
By Riza Lozada Domestic liquidity or M3 reported a slower growth of 12.4 percent in January from the revised 12.7 percent increase last December, data released by the Bangko Sentral ng Pilipinas (BSP) showed.
Read More »Globe borrows P14B to boost internet speed
Globe Telecom has built up a P14 billion warchest to beef up its effort to speed up and widen its Internet business after acquiring bandwidth assets of San Miguel Corp. in the costly P70 billion purchase deal in a team up with Philippine Long Distance Telephone Co. (PLDT).
Read More »LRT-1 operator honored for P24-B financing deal
Light Rail Manila Corp (LRMC), the operator of Light Rail Transit Line 1 (LRT-1), received the award for Best Project Finance Deal of 2016 in the 10th Annual Alpha Southeast Asia Best Deal and Solution Awards held in Malaysia recently.
Read More »SSS revenues rise 8.3% to P160B in 11 months
State-run pension fund Social Security System (SSS) reported its revenues jumped 8.34 percent to P160 billion as of the end of November last year.
Read More »IPOs boost bourse to P701-M profit
By Riza Lozada A surge in initial public offerings (IPOs) last year countered weak trading at the bourse to boost the Philippine Stock Exchange Inc.(PSE) net income by 3 percent to P701.54 million last year from P682.81 a year ago.
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