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Truck ban costs franchise firms P3B in losses

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AP FILE PHOTO

Franchising companies reportedly suffered losses of at least P3 billion in the past few months due to the expanded truck ban policy and the congestion at the Port of Manila, making it more difficult for members of the Association of Filipino Franchisers Inc. (Affi) to achieve its growth targets for 2014.

Posted: September 18th, 2014 in Editor's Pick,Headlines | Read More »

Philex trims losses in 1st half

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Philex Petroleum Corp. slashed its losses in the first half of 2014 by 81.93 percent to P40.7 million, from P225.2 million in the same period last year, on higher revenues and reduced expenses.

Posted: July 26th, 2014 in Headlines | Read More »

Truck ban continues to hit firms

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INQUIRER FILE PHOTO

Local companies continued to reel from a double whammy of double-digit losses in revenues and equally crippling surges in import- and export-related expenses, given the continued truck congestion and container pile-up at the Port of Manila.

Posted: July 24th, 2014 in Headlines | Read More »

PAL narrows losses as revenues increase

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Philippine Airlines narrowed losses in the first quarter of the year following a recovery in passenger revenues, driven by international traffic, in line with expectations previously released by management.

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

Central bank reduced losses by 75% in 2013

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Bangko Sentral ng Pilipinas building INQUIRER FILE PHOTO

The central bank’s losses narrowed significantly last year following operational adjustments in the special deposit account (SDA) window that helped reduce interest costs for the monetary authority.

Posted: March 20th, 2014 in Latest Business Stories | Read More »

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