Tepid sales notwithstanding, pricey cigarettes spur LT Group profit
Tycoon Lucio Tan-led LT Group Inc. (LTG) grew its net profit in the first quarter by 41 percent year-on-year to P6.21 billion, driven mostly by price increases in the tobacco…
Ayala group taps Chinese firm for solar modules supply
The Ayala group’s AC Energy Inc. has tapped Chinese supplier Jiangsu Seraphim Solar System Co. Ltd. for 183 megawatts (MW) worth of modules to be used in solar farm projects…
PH debt to swell to P 9.59T as gov’t borrows more to fight COVID-19
This year’s expected weak revenue take has forced the government to borrow more and in the process jack up the debt stock to a record-high P9.59 trillion by year’s end.…
Jobless rate may climb to 15-year high due to recession
The Philippines’ jobless rate may hit double-digits and rise to a 15-year high amid an ongoing recession, the country’s chief economist said Friday. Asked during an interview with Bloomberg TV…