The LT Group Inc. (LTG) of taipan Lucio Tan posted a 50-percent increase in profit in 2015 to P6.6 billion amid impressive results in its banking, beverage and tobacco businesses.
Read More »Cloudera sees bigger role in Philippines as technology demand seen to rise with economic growth
Enterprise data systems provider Cloudera said it will “deepen” its commitment to the country mainly in the provision of big data management and analytics using its Hadoop technology.
Read More »ICTSI’s 2015 net income nosedived 68% to P2.7B
International port operator International Container Terminal Services Inc. (ICTSI) reported a substantial 68-percent drop in profit to $58.5 million (P2.7 billion) from $182 million (P8.5 billion) for last year mainly due to a one-off expense of $116.2 million (P5.46 billion) in “impairment” charges in its operations in Argentina.
Read More »A missing question
If I were warned about it, maybe I could have prepared for an answer prodigiously. But in the labyrinthine-like process of clearing out my life to immigrate to another country, failure in the most unexpected sense hardly ever figured out.
Read More »Mar should dissociate himself from the PNoy curse
There once was this thing in Philippine politics called “Cory Magic.”
Read More »A million college graduates will be jobless this year
In just three weeks, many graduates will find themselves unable to find employment due to a mismatch between the skills they have and the jobs that are available. This stark reality that faces over a million graduates is a sharp reminder of the need for an educational platform that would address the inefficiencies in education in the country.
Read More »Continued robust growth in Britain’s economy may be over
London—The continuation of the robust growth seen in Britain’s economy for the past three years is under threat, according to analysts.
Read More »BSP aims at bankers to strengthen sector
By Jerry Maglunog Due to the growing number of banks that are included in the Bangko Sentral ng Pilipinas’s (BSP) prompt and corrective action (PCA) list, the central bank is stepping up its supervisory policy to target bank owners, directors and major shareholders of ailing banks.
Read More »Syndicated loans to grow amid robust infra buildup
The projects of a growing number of firms that are setting up business in the country will be funded via syndicated loans, as the amount needed for them is growing to a level that a sole lender cannot afford to put it up, several investment bankers have said.
Read More »Building constructions up by 7.5% in Q4 of 2015; construction value down by 5.2%
By Daryl Rose Virtudazo Although building constructions registered an increase of 7.5 percent in the fourth quarter of 2015, compared with the figure in the same period in 2014, total value of construction decreased by 5.2 percent from P72.4 billion in the fourth quarter of 2014 to P68.6 billion in the same period in 2015. Based on preliminary results released …
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