By Amy R. Remo
, Ben O. de Vera
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.
By Miguel R. Camus
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.
By Paolo G. Montecillo
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.
By Riza T. Olchondra
Philex Petroleum Corp. managed to reduce its losses in 2013 compared to the previous year after unloading a number of assets. In a disclosure to the Philippine Stock Exchange, Philex Petroleum said its audited consolidated net loss reached P101.2 million for 2013 compared with a consolidated net loss of P1.086 billion in 2012. [...]
By Michelle V. Remo
The non-life insurance industry is poised to register a net loss in the fourth quarter, due to the anticipated deluge of claims in the aftermath of “Supertyphoon Yolanda.”