BOI Registered Investments Surged by 402%

The sum of investments from January to February 2018 surged by 402 percent amounting to 131.6 billion pesos from 26 billion pesos during January to February of 2017. Around 20 percent of the whole year goal of 680 billion pesos has already been achieved.

Philippine’s Leading Conglomerates to Invest in Data Science

Leading conglomerates will finance the 26,500 US Dollar tuitions of 19 students of the Asian Institute of Management's first batch of Masters of Science in Data Science. The global outbreak of artificial intelligence and big data has emphasized the demand for additional financing...

MGB and DOST Team Up on Study of Nickel

Following its collaboration with the Department of Science and Technology (DOST), the Mines and Geosciences Bureau (MGB) is upgrading its study and development for reduction parameter optimization of low-grade nickel laterites. This is a two-year project that will start this year.

Henry Sy Considers Bid for 3rd Telco Player Slot

Retail and banking magnate Henry Sy, Sr., may enter the bid for the slot of the third telecommunications company player in the Philippines. Willy Ocier said last weekend that the company is currently reviewing the terms of reference (TOR) of the government for choosing the third...

SM Investment Corp. Increased Its Profit to Almost P33 Billion

SM Investments Corporation (SMIC) recorded an increase of 6 percent in the company's net profit to 32.9 billion pesos in 2017 as the company's primary businesses kept on giving compelling results last year with recurring net profit increase of 9 percent.

PXP Incurs Higher Net Loss of 74% in 2017

PXP Energy Corporation (PXP) grew its net deficits during 2017 because of the losses in the foreign exchange as well as because of the tax provisions that happened during the term. The total profit loss reported was higher by 57 percent compared with the 36.4 million pesos,...

DICT Discards P10B Net Capital Requisite for 3rd Telco Player

Yesterday, OIC Eliseo Rio of the Department of Information and Communications Technology said that the office is disposing of the minimum net worth requisite of 10 billion pesos for a third telecommunications company player.

Ayala Corporation Acquires Merlin Solar Technology, Inc.

The oldest existing company in the Philippines, Ayala Corporation (AC), continues its journey to international expansion, having earned the controlling stake in Merlin Solar Technologies, Inc., a solar technology company based in California, USA.

NLEX Corporation Constructs New Intersections in Pampanga

To assist more organized flexibility for motorists. NLEX Corporation opened two new junction routes in North Luzon Expressway and Subic-Clark-Tarlac Expressway (SCTEX) yesterday. The expressway remodification is viewed to enhance safety in the road.

PSE Discerns Dilution of Broker Proprietorship to Less Than 20%

The Philippine Stock Exchange Incorporated (PSE) discerns its broker ownership dilution in the market to lower 20 percent which is an improvement that would finally take place after several years.

DBS Predicts Peso to Decrease Its Value for Next Couple of Years

DBS Bank predicts peso to depreciate for the next two years, decreasing its value to 56 pesos to 1 dollar. It discerns the peso slowly dropping, closing at 54.4 by 2018's last quarter and 56 for the last quarter of 2019.

SCC Garners a Net Profit of 14.14 Billion Pesos in 2017

Net profits for 2017 of Semirara Mining and Power Corporation (SCC) grew by almost a fifth on stable prices and sales volume of coal and with higher production from the company's coal factory. SCC recorded a 14.14 Billion pesos strengthening the company's net profit.

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