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Otto eyes new SC55 partner by mid-2014

Australia’s Otto Energy Ltd., which has taken control of the oil and gas venture in Service Contract 55 (SC 55) off Palawan, hopes to find a new exploration partner by mid-year.

Posted: April 17th, 2014 in Headlines | Read More »

Local firm gets P2.3-B Jica loan

The government of Japan is helping boost the Philippines’ so-called nautical highway with a P2.3-billion loan meant to help expand the fleet of Archipelago Philippine Ferries Corp. (APFC).

Posted: April 17th, 2014 in Headlines | Read More »

Megawide net income rose by 38% in ’13 to hit P1.4B

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Construction and engineering firm Megawide Corp. grew its net profit last year by 38 percent to about P1.4 billion, which the company attributed to higher contract revenues and increase in operating efficiency.

Posted: April 17th, 2014 in Headlines | Read More »

PCPPI profit hits P903.5M

Beverage-maker Pepsi-Cola Products Philippines Inc. (PCPPI) grew its net profit last year by 6 percent to P903.5 million, attributed to a double-digit growth in sales volume, stable input costs and manageable operating expenses.

Posted: April 17th, 2014 in Headlines | Read More »

Splash income rose by 157.6% in Q1

Personal care product and food producer Splash Corp. grew its net profit in the first quarter by 157.6 percent year-on-year to P32.9 million as sales rebounded after taking consolidation measures in 2013.

Posted: April 17th, 2014 in Headlines | Read More »

Are you ready to grrrrrumble?

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Question: I have five years left before I retire. I have time deposit placements that I kept on rolling over for the past five years. Unfortunately, the interest on these time deposit placements has been coming down and it seems that I just end up giving the bank cheap money to borrow. Please help me find a better place where I can invest my money for the next few years or up to the time I retire.—posted on PFA’s “ask a friend, ask Efren” service.

Posted: April 17th, 2014 in Columnists,Headlines,Inquirer Columns | Read More »

BIR continues to miss collection target

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Collections of the Bureau of Internal Revenue (BIR) in March rose by nearly a tenth from a year ago but still fell short of the government’s goal despite aggressive campaigns against tax evaders. INQUIRER PHOTO / RICHARD A. REYES

Collections of the Bureau of Internal Revenue (BIR) in March rose by nearly a tenth from a year ago but still fell short of the government’s goal despite aggressive campaigns against tax evaders.

Posted: April 16th, 2014 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

Philweb 2013 income down

Philweb Corp., an online gaming company led by former trade minister Roberto Ongpin, saw a steep decline in profit in 2013, partly as it recorded losses from the sale of its 23.3-percent stake in ISM Communications, which controls Philippine Bank of Communications.

Posted: April 16th, 2014 in Editor's Pick,Headlines | Read More »

Vietnam firms seen to bag PH rice supply contracts

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Two state-owned export companies of Vietnam Tuesday submitted the lowest bids for contracts to supply the National Food Authority with a total of 800,000 metric tons of milled rice.

Posted: April 16th, 2014 in Editor's Pick,Headlines | Read More »

Banking issues lift market

The local stock barometer returned to positive territory on Tuesday on the back of upbeat US economic data.

Posted: April 16th, 2014 in Headlines | Read More »

Women power

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In line with a recent Grant Thornton study, which showed that Filipino women are getting more influential in boardroom, Ayala-led Bank of the Philippine Islands has brought onboard two more women to its board of directors. This makes five out of BPI’s 15 board members women—more than the comparative representation in the boardroom of other big banks in the country.

Posted: April 16th, 2014 in Headlines | Read More »

Cebu Pacific increases flights to meet demand

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Cebu Pacific Air, the country’s largest budget carrier, is increasing international and domestic capacity amid an expected boost in passenger traffic during the summer months, a statement on Tuesday showed.

Posted: April 16th, 2014 in Headlines | Read More »

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