Business NEWS

Motor vehicle sales went up 40.9 percent in April versus same month last year, but the performance was still 15.3 percent lower compared to the previous month, an official industry report showed.

CEB Q1 revenue up 148% to P6.71 B but bleeds P7.6 B

The local stock market continued to fall as the better-than-expected economic growth numbers failed to boost investor sentiment.

Despite the “sophistication and capabilities” of Bangko Sentral ng Pilipinas supervised financial institutions (BSFIs) in monitoring and preventing digital-related fraud, cyber criminals still find ways to target people’s weakest side: naivety and greed.

JG Summit Holdings, Inc. (JGS), the flagship of the Gokongwei group, reported a net loss of P2.8 billion for the first quarter of 2022 from a net income of P526.52 million in the same period last year.

The government debt as a proportion of the country’s economy inched up further in the first-quarter, supporting views that the administration of presumptive president Ferdinand R. Marcos Jr. will face a serious debt problem.

Roughly two weeks before the exit of the Duterte administration, the Department of Energy (DOE) is scheduling on June 17 the first round of bidding of 2,000 renewable energy capacities under the Green Energy Auction Program (GEAP).

Ayala Land Inc. (ALI) reported a 14 percent improvement in net income to P3.2 billion in the first quarter of 2022 from P2.78 billion in the same period last year, supported by continuing cost-efficiency measures amidst the pandemic.

In today’s business climate, positive CX has become an essential part of building and maintaining a profitable business. Outsourcing savvy companies are increasingly choosing BPOs in the Philippines based on quality and domain expertise rather than hourly rates.

The Huddle Room ladders up its top management team with movements and changes in role assignments to drive growth in business, people, partners and platforms. 

Socioeconomic Planning Secretary Karl Kendrick T. Chua is hopeful that the next administration will adopt policy continuity as he also cautioned against reversing some important reforms enacted under the Duterte administration.

Recognizing that local enterprises are the bedrock of a healthy economy, Pilipinas Shell, through its social arm, Pilipinas Shell Foundation, Inc., has helped communities establish livelihood opportunities that enable their families to achieve productivity and financial security.

The country’s big banks on Thursday, May 12, expressed their relief of the “generally peaceful and orderly” national elections last Monday.

Robinsons Land Corporation, one of the country’s leading developers, is allotting P25.5 billion for capital expenditures this year, about the same amount it spent in 2021, as it gears up for a recovery in the economy.

Listed firm Pilipinas Shell Petroleum Corporation posted significant upturn in its net income in first quarter this year to P3.5 billion from a relatively lean P1.0 billion earnings in the same period last year.

Holcim Philippines, the country’s largest cement producer, reported a 54 percent fall in net income to P420 million in the first quarter of 2022 from the P909 million earned in the same period last year.

The South East Asia Hainan – Hong Kong Express Cable System (SEA-H2X), a new, high-performance, submarine cable connecting the Philippines, Hong Kong, SAR China, Hainan China, Thailand, East Malaysia and Singapore, will bring the speed and capacity to digitally transform the region in two years.

AirAsia Philippines’ passenger growth skyrocketed 553 percent on April 2022 versus the same month last year, an indicator of its strong momentum towards recovery, the airline announced Thursday, May 12.