Business

By Riza Lozada  Diverse conglomerate of tycoon George Ty, GT Capital Holdings Inc. (GT Capital), posted a 32 percent growth in profit for the first nine months driven by strong sales of Toyota car brands and strong real estate earnings. Consolidated net income rose to P8.4 billion from P6.3 billion a year ago. GT Capital’s consolidated revenue grew 10 percent …

By Riza Lozada JG Summit Holdings Inc. of magnate John Gokongwei posted a core net profit excluding non-recurring items of P20.69 billion for three quarters ending September, a 39.2 percent increase from P14.86 billion a year ago. The main drivers of growth were Cebu Air Inc. (CEB) and JG Petrochemicals Corp (JGPC), the company said in a report. Net income …

The Association of Southeast Asian Nations (Asean) attracted $136.2 billion in foreign direct investments (FDI) in 2014, up from $117.7 billion in 2013, marking a rise of FDI flows for the third consecutive year. 

By Jerry Maglunog While local banks are required to engage in lending to needy sectors, as it is the essence of banking, trading remains the biggest revenue source for most.

Lucio Tan Group Inc. (LTG) reported that its attributable net income for the first nine months of 2015 reached P4.71 billion, 88 percent more than the P2.5 billion profit a year ago.

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.