Business

By Riza Lozada Infrastructure and utilities holding firm Metro Pacific Investments Corporation (MPIC) expressed confidence of hitting its target of P10 billion in core earnings after the conglomerate reported posting P8.2 billion in consolidated net income in the year until September reflecting a 28 percent profit hike from a year ago, MPIC chairman Manuel V. Pangilinan said. MPIC attributed the …

Manila Water, the water service concessionaire for the Manila East Zone, has advised its customers to be vigilant against water meter thieves especially those customers whose water meters are located at a distance from their residences. 

By Jerry Maglunog  Metropolitan Bank and Trust Company (Metrobank) has been named the Strongest Bank in the Philippines in The Asian Banker 500 (AB 500) Strongest Bank by Balance Sheet Ranking 2015. Metrobank ranked ninth overall in Asia, which marks the first time that a Philippine bank has made it to the Top 10 list. The AB 500 is an …

State pension fund Social Security System (SSS) has earned an international citation from the world’s leading association of social-security institutions for its various programs launched in recent years to promote inclusive growth by targeting informal sector (IS) workers and hard-to-reach rural areas of the country. 

Stock investors are taking caution amid indications of a likely decision of the US Federal Reserve (the Fed) to raise interest rates amid a steadying US economy.

San Miguel Pure Foods Co. Inc. (SMPFC) booked a 7-percent surge in profit in the first nine months of the year, boosting expectations it would sustain growth momentum during the last quarter amid holiday spending. 

By Jerry Maglunog Tougher competition in the banking sector is expected as more foreign banks and rapidly expanding domestic lenders are seen to open more branches by next year. 

By Riza Lozada The Philippine National Bank (PNB) reported a group profit of P4.7 billion for the first nine months ending September, which was P1 billion higher than the figure posted a year ago.

  Washington—United States Federal Reserve (the Fed) Chairman Janet Yellen said that an interest rate hike in December is a “live possibility” if the economy stays on track. 

New York—Sometimes family comes first.