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D&L sees lift from food products demand

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Publicly-listed D&L Industries Inc., the country’s leading specialty and commodity food ingredients provider, expects to grow profits by nearly a fifth this year as profit margins continue to improve on the back of sales of higher-value products.

Posted: April 3rd, 2014 in Latest Business Stories | Read More »

Tiger Airways PH sees 50% sales jump

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AFP FILE PHOTO

Tiger Airways Philippines, the local unit of Singaporean budget airline Tiger Airways Holdings, expects revenues to increase by half in the next fiscal year to P7.5 billion due to robust demand, its top official said.

Posted: September 9th, 2013 in Latest Business Stories | Read More »

Megaworld sees P70B in sales

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Property developer Megaworld Corp., expecting demand for residential property to remain strong, sees its sales growing by at least 10 percent to P70 billion by the end of this year.

Posted: July 19th, 2013 in Headlines | Read More »

Megawide seen expanding infrastructure portfolio

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Megawide Development Corp., a listed construction firm, sees profit and topline growth to continue to increase as it books new project deals in its residential portfolio while expanding its exposure to big-ticket infrastructure projects.

Posted: June 27th, 2013 in Headlines | Read More »

Belle sees ‘fantastic’ 1st-quarter earnings

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.

Posted: April 23rd, 2013 in Headlines | Read More »

Malaysian budget carrier bullish on PH unit

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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, [...]

Posted: March 4th, 2013 in Headlines | Read More »

Philodrill sees P2B profit

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Philodrill-Corp

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.

Posted: December 17th, 2012 in Latest Business Stories | Read More »

Sun Life sees strong finish for 2012 sales

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sun-life-financial

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.

Posted: November 26th, 2012 in Latest Business Stories | Read More »

PLDT Global sees solid growth of worldwide take

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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).

Posted: November 19th, 2012 in Headlines | Read More »

East West Bank sees P1.8B profit this year

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EastWest Bank logo 2011

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.

Posted: October 24th, 2012 in Latest Business Stories | Read More »

Direct sellers see higher returns

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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.

Posted: October 15th, 2012 in Headlines | Read More »

Meralco expects profit to exceed P11.6B

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meralco-logo

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.

Posted: October 15th, 2012 in Latest Business Stories | Read More »

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