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…
Banks snared by Hong Kong sanctions laws as US-China spat spirals
HONG KONG — International banks in Hong Kong are caught in the crossfire of competing laws enacted by the United States and China as the superpowers clash over the city’s…
Singapore to set up Asian digital finance research institute by end-2020
The institute will be hosted at NUS and offer a master’s degree programme. The Straits Times/Asia News Network SINGAPORE — A new research institute will be set up by the…
Phinma buys Rizal College of Laguna
PHINMA Education Holdings, Inc. (PEHI), the education services subsidiary of PHINMA Corp., acquired a controlling stake in Rizal College of Laguna Inc., the eighth in its local education network. PEHI…
Inflation quickens to 2.7 percent in July
MANILA, Philippines — The country’s headline inflation “continued to exhibit a faster pace” as it picked up to 2.7 percent in July, the Philippine Statistics Authority (PSA) said Wednesday. This…
Century Pacific Food’s Q2 profit up 32%
The General Santos manufacturing facility of Century Pacific Food Leading canned food manufacturer Century Pacific Food Inc. (CNPF) grew first semester net profit by 31 percent year-on-year to P2.2 billion,…
China okays urban rail projects worth US$67.9b in Bay Area
This Sept 23, 2018 photo shows two high-speed trains at Shenzhen North Railway Station in Guangdong province. WANG SHEN / XINHUA via China Daily/Asia News Network HONG KONG — China’s…
JFC’s Q2 net loss at P10.2B
Jollibee store crew Homegrown fast-food giant Jollibee Foods Corp. (JFC) saw worse financial bleeding in the second quarter as its businesses across the globe bore the full brunt of the…
Rockbird Media, World Vision to hold an APAC-wide online HR event to discuss ‘new normal’
Bankruptcy, mass lay-offs, and cyber-attacks are some of the most alarming incidents that have happened in many organizations during the global fight against COVID-19. To help HR leaders stay resilient,…