Business

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.

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. 

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). 

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. 

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. 

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. 

Major lender Metropolitan Bank and Trust Co. (Metrobank) reported a consolidated net income of P18.1 billion in 2016 Profit for the fourth quarter grew 3 percent to P5.5 billion from a year ago, the bank reported. 

Century Pacific Food Inc (CNPF), the country’s largest canned food company, has been awarded by Asiamoney as the country’s Best Managed Company in 2016, under the small capital category. 

A systematic process of identifying the next Bangko Sentral ng Pilipinas (BSP) governor should be done to ensure that only a qualified individual would get the position, Finance Secretary Carlos Dominguez III said. 

More than 400 dignitaries, including President Duterte, celebrated last Feb. 21 the 50th anniversary of the Asian Development Bank (ADB) headquarters in Manila.