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Share prices inch up

A trader looks at the electronic board showing the downward graph of the stocks price index at the Philippine stock exchange. AFP

The Philippine Stock Exchange index (PSEi) yesterday firmed up after a two-day decline as investors took heart from favorable US economic data.

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

Petron sales up, income down on price rollbacks

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Petron Corp., named by Platts as one of the fastest-growing energy firms in Asia, saw its sales grow in the third quarter, but found its profits down because of the drop in oil prices worldwide.

Posted: November 10th, 2014 in Headlines | Read More »

Ford Philippines boosts October sales

Ford Explorer Sport

Ford Philippines has announced its best-ever performance for the month of October with total retail sales increasing 52 percent year-over-year to 1,950 units. Sales across Ford’s lineup in the Philippines helped drive the record month, including continuing strength in demand for the Ranger, EcoSport and Everest nameplates.

Posted: November 8th, 2014 in Latest Business Stories | Read More »

Nokia in $950 million Q3 profit on growing sales

This Feb. 8, 2012, file photo shows the Nokia offices in Salo, Finland. Nokia Corp. will lay off 10,000 jobs globally and close plants by the end of 2013, the company said Thursday June 14, 2012, in a further drive to save costs. The cuts mean that it will close some research and development projects, including in Ulm, Germany, and Burnaby, Canada.  AP PHOTO/LEHTIKUVA, JUSSI NUKARI

Nokia Corp. appears to have turned around its fortunes after the sale of its ailing cellphone unit to Microsoft, reporting a third-quarter net profit of 747 million euros ($950 million), from a loss of 91 million euros a year earlier. Sales growth was 13 percent compared to 2013.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »

Vehicle sales seen to surge by almost 40% in August

AP FILE PHOTO

Vehicle sales in August may have risen by 39.5 percent from the 13,700 units sold in the same month of 2013, the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) said on Thursday.

Posted: September 12th, 2014 in Headlines,Latest Business Stories | Read More »

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