The Daily Manila Shimbun

 

Stocks end lower

February 15, 2017

Stocks closed lower on Wednesday with six of seven counters declining on lower volume. The Philippine Stock Exchange index closed at 7,174.30 points, down 32.54 points. Declines outnumbered advancers 108-87 with 47 shares unchanged. The mining sub-index, which together with

READ MORE

Personal, cash remittances at record high in December

February 15, 2017

Overseas Filipinos sent money home in record amount last December, bringing personal remittances to cumulative $29.7 billion for 2016 which exceeded targets, the central bank said in a statement on Wednesday. Personal remittances in December was recorded at $2.8 billion

READ MORE

STI Holdings nine-month revenues reach P2.1 billion; profit grows to P624 million  

February 15, 2017

STI Holdings, proprietor of one of the largest network of private schools in the country, posted a record high of P2.1 billion in revenues during the last nine months ending December 31, 2016. This is about 15 percent higher than

READ MORE

Megaworld to double residential inventory for Makati project

February 15, 2017

Megaworld said it is expanding its residential condominium project in Makati City, the San Antonio Residence, with additional 478 units that will comprise the development’s ‘East Wing’. Located along Sen. Gil Puyat Avenue and Calle Malugay in San Antonio Village,

READ MORE

Ayala Land 2016 net income up 19 percent to P20.9 billion

February 15, 2017

Ayala Land, Inc. (ALI) reported a net income of P20.9 billion in 2016, 19 percent higher than the previous year. In a disclosure to the Philippine Stock Exchange, Ayala Land said consolidated revenues reached P124.6 billion, 16 percent higher year-on-year

READ MORE

Stocks decline on DENR announcement

February 15, 2017

Philippine stocks declined on Tuesday, with the main index declining more than one percent dragged down by mining shares. The Philippine Stock Exchange index closed at 7,206.84 points, down 87.83 points. The mining and oil sub-index ended 2.67 percent, or

READ MORE

MNTC to send P354m to build more toll lanes in North Luzon Expressway

February 14, 2017

Manila North Tollways Corp. (MNTC) said Tuesday it will be spending P354 million to build additional toll lanes in three major toll plazas at North Luzon Expressway. The expansion program, which began last month and is expected to be completed

READ MORE

DOF expects inflation rate within government target

February 14, 2017

The Department of Finance (DOF) expects inflation to inch up in the coming months but would remain within the government’s inflation target, it said in a statement Tuesday. Based on the latest DOF Economic Bulletin, inflation could rise to above

READ MORE