Coke bottler investing P1.1B more despite pandemic
The bottling company of Coca-Cola will spend an additional P1.1 billion to improve its operations in the country this year, bringing its total investment for 2020 to P4.7 billion despite…
ABS-CBN migrates to digital space
ABS-CBN Corp. is doubling down on digital content as it confronts a new era without a broadcast franchise. The company announced on Friday the launch of Kapamilya Online Live, which…
Local banks seen weathering COVID-19 crisis well
The local banking system is well-positioned to withstand the shocks brought about by the COVID-19 crisis as its resources continue to increase, the Department of Finance (DOF) said Friday. In…
RRHI profit down by 33.2% in Q2 as lockdown crimped sales
Gokongwei-led multibrand retailer Robinsons Retail Holdings Inc. (RRHI) saw a 33.2-percent year-on-year decline in second quarter net profit to P719 million with sales weighed down by the shutdown of most…
China Bank bucks downtrend, posts 27% profit growth in Q2
SM group-led China Banking Corp. grew its second quarter net profit by 27 percent year-on-year to P3 billion, bucking the downturn seen by other banking peers amid constraints arising from…
Holcim ready to meet likely pick up in cement demand
The country’s leading cement-maker, Holcim Philippines, swung to a net loss in the second quarter following the shutdown of its plants in Luzon in line with the coronavirus pandemic-related lockdown…
Belle H1 net profit falls by 89%
Leisure estate and gaming firm Belle Corp. incurred a net loss of P355 million in the second quarter, a reversal of the P1.21-billion net profit posted in the same period…
Facebook quarterly profit rockets despite ad boycott, pandemic
Facebook reported Thursday that its quarterly profit had nearly doubled and users grew despite a boycott by advertisers and the pandemic-induced economic turmoil. The leading social network said it made…
What can we learn from the Thai Airways rescue plan?
Thai Airways has suffered some turbulent times lately, with huge financial losses eventually leading to bankruptcy. The future is beginning to look brighter for Thailand’s national carrier after news of…
PH borrowers’ choice during pandemic: Dollar loans
Dollar-denominated loans issued by Philippine financial institutions rose substantially at the end of the first quarter of 2020 which the central bank said was due to lower interest rates offered…