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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 »

Philex Petroleum trims losses on assets sale

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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.   [...]

Posted: February 21st, 2014 in Headlines | Read More »

Non-life insurance sector in for major losses in Q4

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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.”

Posted: December 5th, 2013 in Headlines | Read More »

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