Philippines: Gross borrowings down 6.6% in H1 Wednesday, August 10, 2016 – The previous administration borrowed less in its last month in office, but the first semester tally remained up by more than a third from last year, data from the Bureau of the Treasury showed. Gross borrowings amounted to P33.13 billion in June, down […]
Read MorePhilippines: Purefoods posts 37% rise in profit in H1 Wednesday, 10 August 2016 – San Miguel Pure Foods Co. Inc. (SMPFC), the listed food subsidiary of diversified conglomerate San Miguel Corp., reported a net income of P2.5 billion in the first half, up 37 percent from the previous year on the back of election-related spending. […]
Read MorePhilippines: GMA Network more than doubles earnings Tuesday, August 9, 2016 – Net earnings of GMA Network Inc. surged 116 percent in the first semester from a year ago, as election-related earnings boosted revenues for the period. For the January to June period, net income of GMA reached P2.38 billion, well-above the P1.1 billion in […]
Read MorePhilippines: Petron income rises 55% in H1 Tuesday, August 9, 2016 – Petron Corp. posted a P5.3-billion profit in the first half of 2016 on strong sales, improved production from its refinery and cost efficiencies. The oil company’s income from January to June was a 55-percent improvement from P3.4 billion a year earlier. Petron attributed […]
Read MorePhilippines: SME forum set to promote growth Monday, August 8, 2016 – A forum to boost the capacity of small- and medium- enterprises (SMEs) to contribute more to economic growth will be held this week. The event themed “Harnessing the Capacity of SMEs as Engines of Growth” is sponsored by state-run think tank Philippine Institute […]
Read MorePhilippines: Government mining revenues further decline in May Saturday, August 6, 2016 – Mining revenues of the government suffered a fifth straight month of decline last May. Excise taxes from mining and mineral products dropped 12.44 percent to P96.15 million in May, data from the Bureau of Internal Revenue (BIR) showed. That was the slowest […]
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