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Privatization revenues forecast to drop sharply

State revenues from the privatization of real estate and mining assets are expected to slow down sharply in the second half of President Aquino’s term with legal and operational issues keeping the government from unloading larger properties.

Posted: April 9th, 2014 in Headlines | Read More »

Belle net profit up 554%

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City of Dreams Manila in an earlier stage of construction in Aseana Business Park along Roxas Boulevard. Leisure estate and gaming firm Belle Corp. jacked up its net profit in 2013 by 554 percent to P3.64 billion mostly on revenues from the leasing of the upcoming integrated casino and entertainment complex to operator Melco Crown group of Macau.  PHOTO BY RICK ALBERTO

Leisure estate and gaming firm Belle Corp. jacked up its net profit last year by 554 percent to P3.64 billion mostly on revenues from the leasing of an upcoming integrated casino and entertainment complex at Pagcor Entertainment City property to operator Melco Crown group of Macau.

Posted: April 7th, 2014 in Featured Gallery,Latest Business Stories | Read More »

East West nets P2.1B in 2013

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Screengrab from https://www.eastwestbanker.com/

East West Bank expanded its net profit last year by 13.2 percent to P2.1 billion on above-industry loan growth and margins as well as growth in other core businesses.

Posted: March 17th, 2014 in Latest Business Stories | Read More »

Arthaland nets P283M in 2013

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Screengrab from http://www.arthaland.com.ph/

Arthaland Corp. reported an increase of 6.4 percent in its net profit last year to P283 million on the back of higher revenues from a flagship Bonifacio Global City residential project.

Posted: March 17th, 2014 in Latest Business Stories | Read More »

Emperador nets P5.8B in 2013

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Screengrab from http://www.emperadorbrandy.com/

Tycoon Andrew Tan’s beverage company Emperador Distillers Inc. grew its net profit last year by 17.4 percent to P5.8 billion as revenues increased at a double-digit pace despite higher excise taxes on liquor.

Posted: February 24th, 2014 in Latest Business Stories | Read More »

Amazon swings to profit for 2013 on sales jump

AFP

US tech giant Amazon said Thursday it returned to profit in 2013 on a strong jump in revenue, as it expanded offerings for Kindle tablets and its original television programming.

Posted: January 31st, 2014 in Latest Business Stories | Read More »

Google quarterly profit climbs on ad revenue

AP FILE PHOTO

Google on Thursday reported that profit in the closing quarter of last year climbed to $3.38 billion on rising ad revenue.

Posted: January 31st, 2014 in Latest Business Stories | Read More »

Toyota world’s top selling car maker for 2nd year

AP FILE PHOTO

Toyota remained the top-selling automaker for a second year in a row, beating U.S. rival General Motors by some 270,000 vehicles in 2013, and set an ambitious target to sell more than 10 million vehicles this year.

Posted: January 24th, 2014 in Latest Business Stories | Read More »

Microsoft tops expectations with record revenue

AP photo

Microsoft soared to record revenues in the last quarter the company said Thursday, confounding Wall Street forecasts on the back of strong demand for Xbox consoles, Surface tablets and Internet “cloud” services.

Posted: January 24th, 2014 in Latest Business Stories | Read More »

Customer caution, new competition keep McDonald’s profits flat

AP FILE PHOTO

US fast-food giant McDonald’s Thursday reported flat quarterly earnings and a dip in sales, warning it faces a challenging year as it beefs up its brand.

Posted: January 24th, 2014 in Latest Business Stories | Read More »

Robinsons Retail IPO expected to raise P28 B

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INQUIRER FILE PHOTO

Robinsons Retail Holdings Inc. has priced its initial public offering at P58 per share, which translates to a potential of $650 or P28.11 billion in fresh funds to put up new stores and refurbish old ones.

Posted: October 24th, 2013 in Latest Business Stories | Read More »

East West Bank nets P1.28 B in first sem

By
EAST West Bank CEO Tony Moncupa

East West Bank grew its first semester net profit by 40 percent year-on-year to P1.28 billion as the bank generated higher revenues from lending, securities trading and fee-based services.

Posted: August 6th, 2013 in Latest Business Stories | Read More »

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