MPI – Metro Pacific Investments Corp Analysis  – December 6, 2016

The total assets of Metro Pacific Investments (PSE:MPI) grew by 13.19 percent from P302.18 billion as of December 2015 to P342.05 billion as of September 2016. Its net income of P3.79 billion for 3Q2016 grew by 5.10 percent compared to the same period last year, while its 9M2016...

ABS-CBN TVplus Sales Surpass 2016 Target at Two Million

MANILA, Philippines – ABS-CBN Corp. (PSE:ABS), one of the biggest media and entertainment organizations in the Philippines, discloses that it sold two million TVplus boxes as of November-end. The TVplus boxes sales exceeded the target for 2016 merely more than 12 months since it...

Alsons Reaffirms $180M Allotment for Two-Plant Project

MANILA, Philippines – Alsons Consolidated Resources, Inc. (PSE:ACR) confirms the news article published by BusinessWorld Online entitled “Alsons allots $180M for 2 plants” dated December 6, 2016. According to Angel M. Esguerra, III, ACR Corporate Information Officer...

GMA Allocates P416M for DTT Project

MANILA, Philippines – GMA Network, Inc. (GMA), one of the Philippines’ biggest media networks, discloses that it will allocate P416 million on Digital Terrestrial Television (DTT) project’s transmitter facilities. The aforementioned amount is just the initial spending, which will...

DMCI Confirms P18.3B Allotment for Semirara

MANILA, Philippines – DMCI Holdings, Inc. (PSE:DMC) clarifies the news report published by Philippine Star on its website entitled  “DMCI allots P18.3 B for Semirara” dated December 5, 2016. According to DMCI, the management confirms that they are considering cement manufacturing...

Philippines 4Q2016 GDP May Grow by 6.9 Percent

MANILA, Philippines – The economy of the Philippines could climb as much as 6.9 percent this fourth quarter as a boost in public spending sustains. Benjamin E. Diokno, Department of Budget and Management Secretary, stated that increased spending by the government could push the...

D.M. Wenceslao Withdraws IPO

MANILA, Philippines – D.M. Wenceslao & Associates, Inc. is withdrawing its initial public offering (IPO) plan further, following its resolution of pushing projects’ realization through a resistant path in the midst of business process outsourcing (BPO) sector’s incertitude....

Oil Futures Finish Over One Year High

Oil futures finished at more than one year high but stepped back from its highest levels during the session. This shows the industry’s clamber amid sealed glut cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its upcoming meeting with non-member...

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