Business

Property giant Ayala Land Inc. (ALI) reported its profit surged by 19 percent in the first semester of 2015 on the back of strong earnings from its property, commercial leasing and services.

The 18 automated weather systems (AWS) under Chevron Philippines Inc.’s (CPI) Metro Weather Project are properly functioning after the continuous and intensive maintenance procedures the company conducts with the start of the rainy season, CPI, which markets Caltex brand of fuels including Havoline and Delo lubricants, said.

Within this decade, the town of Concepcion in Tarlac province may become the hub of the country’s source of solar-generated energy.

By Jerry Maglunog With the 2016 presidential elections barely nine months away, it is evident that even international banks are now having a keen interest in the local political landscape. 

Washington—Republican presidential candidate Donald Trump vows to bring back the millions of American jobs lost to China and other foreign competitors if voters put him in the White House.

Athens, Greece—Greece’s prime minister said his country was in the “final stage” of talks for a new bailout, as his left-wing government rejected the idea o  extending the negotiations beyond this month.

Listed mass housing developer 8990 Holdings Inc. is confident of surpassing its P10-billion revenue target this year on the back of new projects and good first-semester financial performance.

More women should be elected to the boards of local companies, House Deputy Majority Leader and Makati City Rep. Mar-Len Abigail Binay appealed to shareholders of Philippine Stock Exchange (PSE)-listed corporations to elect more women to their governing boards.

By Riza Lozada The Joint Foreign Chambers of the Philippines (JFC) lauded the ramping up of public spending by nearly double mainly on infrastructure in the proposed budget for next year. The budget proposal or the National Expenditure Program (NEP) proposed a five percent share of infrastructure spending in the Gross Domestic Product (GDP), which was JFC’s recommendation since 2010 when President Aquino started his term and when spending for infrastructure in …

By Jerry Maglunog As the number of rural banks (RBs) continues to fall, rural bankers said the latest action of the Bangko Sentral ng Pilipinas (BSP) to create the consolidation program for rural banks (CPRB) is very timely.