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PSEi hits 9-month high

The local stock market rallied sharply Monday to breach the 6,700 level and finish at its strongest level for this year on rosy first-quarter local corporate outlook.

Posted: April 22nd, 2014 in Editor's Pick,Headlines | Read More »

‘Yolanda’-ravaged areas get P1.05B reconstruction fund

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The Aquino administration has released P1.05 billion for reconstruction and recovery initiatives in farm areas affected by Supertyphoon “Yolanda.”

Posted: April 22nd, 2014 in Headlines | Read More »

Vehicle importers post 13% growth in 1st-quarter sales

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The country’s vehicle importers and distributors posted a 13-percent growth in sales to 9,055 units in the first three months of the year, boosted by the continued strong performance of the passenger car and commercial vehicle segments.

Posted: April 22nd, 2014 in Headlines | Read More »

Century Food IPO price at P13.75/share

Leading food manufacturer Century Pacific Food Inc. (CNPF) on Monday finalized its initial public offering (IPO) at a price of P13.75 a share, which will allow the company to raise P3.16 billion in fresh funds for expansion.

Posted: April 22nd, 2014 in Headlines | Read More »

PAL expects to post a profit in ’15 on refleeting, savings

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Philippine Airlines is poised to return to profitability next year, president Ramon S. Ang said, as the flag carrier expands into more profitable routes and books savings from newer, more efficient planes.

Posted: April 22nd, 2014 in Headlines | Read More »

GMA 7 income in ’13 hit P1.67B, up 3%

GMA Network Inc., operator of one of the country’s biggest television networks, said profit last year rose by just 3 percent to P1.67 billion, in line with a reduced internal estimate, as costs increased and revenues slowed.

Posted: April 22nd, 2014 in Headlines | Read More »

Closer EU-PH trading relations sought

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The Department of Trade and Industry is moving aggressively to have a more strategic trade and investment relations with Europe with the expected signing of agreements within the year.

Posted: April 22nd, 2014 in Headlines | Read More »

BDO seen keen on bidding for Cocobank

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FILE PHOTO

The SM group-led Banco de Oro Unibank will consider an opportunity to bid for United Coconut Planters Bank when the government proceeds with a plan to privatize the bank.

Posted: April 20th, 2014 in Editor's Pick,Headlines | Read More »

Bataan freeport investment pledges up 1,302%

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Investment pledges generated by the Freeport Area of Bataan (FAB) in the first quarter surged by 1,302 percent amid greater investor interest in the former Bataan Export Zone.

Posted: April 20th, 2014 in Editor's Pick,Headlines | Read More »

Golden Week

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City of Dreams Manila, the integrated gaming and entertainment partnership between the SM group and Macau’s casino giant Melco Crown, is expected to open its doors on Oct. 1 this year instead of the earlier announced mid-year opening.

Posted: April 20th, 2014 in Headlines | Read More »

Bourse to woo Cebu stock mart investors

The Philippine Stock Exchange (PSE) seeks to grow Cebu’s domestic investor base with a roadshow that brings together experts to talk about Philippine economic prospects and the outlook for the capital markets.

Posted: April 20th, 2014 in Headlines | Read More »

Supper power

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The Aquino (Part II) administration already issued grim warnings of power shortages in Luzon this summer—meaning, real threats of brownouts and, of course, as the natural upshot of any shortage, increases in electricity rates.

Posted: April 20th, 2014 in Columnists,Headlines,Inquirer Columns | Read More »

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