Flag carrier Philippine Airlines acquired six A350-900 aircraft, with option for another six of the aircraft in a major refleeting drive as regional airlines prepare for an expanded market with the start of the Association of Southeast Asian Nations (Asean) Economic Community (AEC).
Read More »BHI okays P266-M capital hike for unit
The board of Boulevard Holdings Inc. (BHI) approved the increase of its unit Friday’s Holdings Inc.’s (FHI) authorized capital stock by P266 million.
Read More »ALI 2015 profit up 19% to P17.6B on strong sales
Ayala Land Inc. (ALI) reported a net income of P17.6 billion for last year, up by 19 percent on consolidated revenues of P107.2 billion which improved by 13 percent mainly attributable to growth drivers comprised of established and emerging estates.
Read More »LT Group bolsters stake in VMC via P660-M deal
Conglomerate LT Group Inc. through its subsidiary Tanduay Holdings Inc. bought 131,863,677 shares or approximately 4.5 percent of the total outstanding and issued shares of Victorias Milling Corp.(VMC) worth P660 million.
Read More »The need to cheat
Both the notorious cliques composed of the presidential kaklase and kabarilan had exactly the same fear. For the others, whether sycophant, suck-up or just plain vanilla kaibigan, it was nearly certain that there was a desperate need to resort to wholesale and massive cheating.
Read More »The OFW threat and the agriculture initiative
It is disheartening to note that the government refuses to acknowledge the problem that is now hitting our overseas Filipino workers (OFW) in the Middle East, with the huge drop in crude oil prices. That precipitous decline in oil prices by almost 70 percent, from a high of over $100 a barrel, has already resulted in a host of financial …
Read More »Mar Roxas is the ‘fittest’ candidate
The campaign team of presidential candidate, former Interior Secretary Mar Roxas, may have stumbled upon the elusive answer to the question “how do we put our candidate ahead in the race?”
Read More »South Korea split over deployment of US missile system
By Yoo Seungki Seoul—South Korea is divided on whether to deploy a sophisticated US missile defense system in its territory over worries about the expected escalation of regional tensions and the unproven plausibility of the Terminal High-Altitude Area Defense (Thaad), both militarily and environmentally.
Read More »Banks engage in stiff battle for basic loans
By Jerry Maglunog Banks are busy expanding their consumer-loan program, targeting the salaried sector with mostly thrift banks going head-to-head in this regard.
Read More »BPI profits at P18.2 billion; revenues hit P59.4B for 2015
The Bank of the Philippine Islands (BPI) generated a net income of P18.23 billion in 2015 from P18.04 billion the year before.
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The Market Monitor Minding the Nation's Business