Leisure estate and gaming firm Belle Corp. expects to generate around $35 million a year in annual rental earnings from the operation by Macau’s Melco Crown group of Belle Grande, the second gaming complex to open at Pagcor City.
Malaysia’s AirAsia Group is hopeful that operations in the Philippines will finally turn profitable this year as the brand gains popularity in the country’s growing domestic travel market. AirAsia Berhad reported last week that its revenues reached a record 1.4 billion ringgit for the fourth quarter of 2012, up 10 percent year on year, [...]
Exploration firm The Philodrill Corp. is targeting to breach the P2-billion net income mark in two to three years’ time as it anticipates higher revenues from the doubling of oil production at the Galoc oil field in offshore Palawan.
Sun Life Financial Philippines expects to report a sharp rise in revenues this year as sales of its insurance and investment products surged, aided by the country’s booming economy.
The Philippine Long Distance Telephone Co. (PLDT) expects revenue from its international operations to grow at a double-digit rate next year as the company taps new markets with large concentrations of overseas Filipino workers (OFWs).
Gotianun-led East West Bank sees its 2012 net profit hitting P1.8 billion on the back of a double-digit growth in loans and an above-industry loan margin.
The local direct selling industry is gunning for higher sales this year, an official of the Direct Selling Association of the Philippines (DSAP) said, citing growing opportunities in brands such as health, beauty and home products.
Manila Electric Co., the country’s biggest power distributor, expects its income at the end of the first nine months of the year to be higher than the P11.6 billion in consolidated core net income it posted in the same period last year, according to a ranking company official.
The combined sales of the members of the Association of Filipino Franchisers Inc. (Affi) are expected to grow by 25 percent this year on increased membership as well as growth of existing members.
Airline profits are set to be healthier than initially forecast for 2012 but the industry is balanced on a “knife-edge,” the International Air Transport Association (IATA) announced Monday.
The Philippines expects to boost its revenues from call centers to nearly $15 billion by 2016, sustaining its three-year lead over rival India, industry leaders said Tuesday.
American dining chain Johnny Rockets is expected to scale up its presence in the Philippines as its local franchise partner has committed to invest about P1 billion to build a 40-restaurant network in five years.
