EastWest Bank’s H1 profit up 65%
Gotianun-led EastWest Bank grew its first semester net profit by 65 percent year-on-year to P4.5 billion as earnings from core lending and securities trading accelerated at a double-digit pace. This…
San Miguel F&B’s H1 profit down 50%
San Miguel Brewery has been producing beer for the last 126 years Consumer giant San Miguel Food and Beverage (SMFB) saw a 50-percent year-on-year drop in first semester net profit…
Globe keeps customers safe through use of digital channels
With the shift to Modified Enhanced Community Quarantine, messengerial delivery services will once again be limited. Despite this, Globe assures its customers that they will continue to receive their updated…
D&L eyes P1B H2 profit
Food ingredients, oleochemicals and specialty plastic manufacturer D&L Industries expects to book P900 million to P1 billion in net profit this second semester as businesses pick up pace after the…
Bigger GDP drop in 2020 seen as NCR reverted to MECQ
The Washington-based Institute of International Finance (IIF) has further downgraded its economic outlook for the Philippines as full-year contraction is seen hitting a bigger 3.9 percent from 3 percent previously,…
PH factory production numbers point to recovery, says top economist
Production in Philippine factories is slowly increasing as 3/4 of the economy started to regain movement in June following near paralysis as a result of pandemic lockdowns. This augurs well…
Pandemic’s silver lining: PH inflation is in check, says BSP
The pace of price increases in the country will likely remain in check for the foreseeable future due to the impact of the COVID-19 pandemic, the central bank said on…
PH exports, imports down 24.7% in H1 amid COVID-19 pandemic
Logo of the Philippine Statistics Authority. PSA Facebook MANILA, Philippines — The Philippines’ sales of its products abroad and the value of goods it imported from January to June fell…
MPIC’s H1 core profit down 38%
Metro Pacific’s NLEX tollroad PHOTO FROM MPIC.COM.PH Infrastructure holding firm Metro Pacific Investments Corp. (MPIC) booked a 38-percent year-on-year drop in first semester net profit to P5.3 billion as coronavirus…
SMIC’s H1 net profit down 69%
The country’s largest conglomerate SM Investments Corp. turned unprofitable in the second quarter as the coronavirus (COVID19) pandemic-induced lockdown measures bludgeoned its shopping mall, banking and retailing businesses. SMIC’s consolidated…