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Mitsubishi on track to sell 50,000 units

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Mitsubishi Motors Philippines Corp. (MMPC) said it was on track to achieving its target of selling more than 50,000 vehicles this year following a robust sales performance in the first quarter.

Posted: April 25th, 2014 in Headlines | Read More »

Facebook profits triple as mobile soars

AP FILE PHOTO

Facebook profits tripled to $642 million in the first quarter on a 72-percent surge in revenues helped by strong gains in mobile users and mobile advertising.

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

McDonald’s 1Q profit slips as US sales decline

This Tuesday, Jan. 21, 2014, file photo shows McDonald's restaurant's golden arches in Robinson Township, Pa. McDonald’s reports quarterly earnings on Tuesday, April 22, 2014. AP

McDonald’s is fighting to hold onto customers in the U.S.

Posted: April 23rd, 2014 in Latest Business Stories,Photos & Videos | Read More »

Philips reports 15.0% profit slump, flags in medical markets

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Electrical appliance group Philips reported a 15.0-percent slump in net first quarter profit on Tuesday, blaming a weak performance by its new strategic activities in healthcare equipment.

Posted: April 22nd, 2014 in Latest Business Stories | Read More »

Barbie doll has a problem

In this Thursday, April 26, 2007 file photo, the Mattel company headquarters is seen in El Segundo, Calif. Toy maker Mattel said Thursday April 17, 2014 weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss. (AP Photo/Reed Saxon, File)

Toymaker Mattel has a problem: Barbie’s performance has not been very pretty of late.

Posted: April 18th, 2014 in Latest Business Stories | Read More »

Puregold nets P3.96B in 2013

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FILE PHOTO

Puregold Price Club Inc. grew its net income last year by 46 percent to P3.96 billion as new stores it opened or acquired boosted sales and margins improved despite stiff competition.

Posted: March 26th, 2014 in Latest Business Stories | Read More »

Hyundai vehicle sales as of Feb. grows by 9%

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Sales of Hyundai vehicles grew by 9 percent in the first two months of the year to 3,953 units from the 3,624 units sold a year ago, driven largely by the strong performance of the passenger car segment.

Posted: March 14th, 2014 in Headlines | Read More »

Ford vehicle sales soared by 48% in February

Ford Group Philippines posted a 48-percent jump in its vehicle sales in February to 1,277 units, driven largely by the solid performance specifically of its pickup trucks.

Posted: March 11th, 2014 in Headlines | Read More »

Imported vehicle sales rose by 21.6% in January

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Vehicle importers and distributors in the country reported a 21.6-percent growth in sales to 3,191 units in the first month of 2014, given the strong performance of both the passenger and light commercial vehicle segments.

Posted: February 18th, 2014 in Headlines | Read More »

Hyundai sees 10% rise in auto sales this year

Hyundai Asia Resources Inc. (Hari), the official distributor of Hyundai vehicles in the Philippines, expects at least a 10-percent growth in sales this year, on the back of a more stable supply, as it plans to introduce four new models in 2014.

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

Higher taxes eat into San Miguel Brewery sales volume, profit

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San Miguel Brewery reported a 17-percent drop in net profit to P12.5 billion last year as higher excise taxes gnawed on sales volume alongside some foreign exchange losses from dollar obligations.

Posted: February 7th, 2014 in Latest Business Stories | Read More »

Amway reports record sales of $11.8 B

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Amway reported global sales of USD $11.8 billion for 2013, a record for the organization. The total surpasses 2012 sales of $11.3 billion and continues a period of tremendous growth, highlighted by annual sales increases in seven consecutive years. The company’s annual sales figure includes revenue from direct selling operations and other business holdings.

Posted: February 6th, 2014 in Latest Business Stories | Read More »

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