Business NEWS

RFM Corporation, disclosed that the preliminary unaudited January to March 2022 sales expanded 17-percent to P3.9B on the back of both volume and price increases in its brands and products.

For the 15th time this year, Filipino consumers will again experience dramatic price spikes on oil products on Tuesday, May 10, just a day after the election of the next President and other leaders of the country.

Global air passenger traffic continues to recover as the effect of the Ukraine conflict remains limited and Omicron-related impact on travel is confined largely to Asian domestic markets, according to the latest International Air Transport Association (IATA) data.

I am ready to vote. I received a card with my full name, precinct number, clusteredprecincts number, polling place, my home address, birthday, gender and my number in the list of voters. It was placed in the mailbox and the sender is anonymous.The data will assist me on election day. But I will still look for the Comelec special precinct for senior citizens and persons with disability which is supposed to be on the ground floor. I think Ihave no energy to climb the upper floors of the school building.

Robinsons Retail Holdings, Inc. (RRHI) reported a 24.8 percent growth in attributable net income to P1.2 billion in the first quarter of 2022 from P945 million in the same period last year.

The Philippines needs radical structural, political and electoral reforms to steer it away from decades of personalistic and into good governance, according to a study.

The consolidated net income of Consunji-led Semirara Mining and Power Corporation (SMPC) soared by an all-time high 552 percent in the first quarter to P15 billion versus last year’s P2.3 billion.

The local stock market fell amid uncertainties before Monday’s elections as well as due to weaker US bourses overnight.

The outgoing officials of the Department of Energy (DOE) are reassuring the public of brownout-free elections on Monday, May 9, so the integrity of the ballots that will decide on the country’s next leaders will be duly protected.

AREIT, Inc. (AREIT), the first Philippine real estate investment trust, reported a 59 percent jump in net income to P796 million in the first quarter of 2022, excluding fair value change in investment properties.

Market analysts see more evidence of second round effects to inflation brought on by persistent oil price hikes and this will manifest and impact on inflation expectations in May and June.

Listed firm Pilipinas Shell Petroleum Corporation will reposition project implementation and investments around its programmed P3 billion to P4 billion yearly capital expenditure (capex) rollout.

The Department of Information and Communications Technology (DICT) committed to cut more red tapes so Independent Tower Companies (ITCs) can fast-track their infrastructure rollouts.

Nickel Asia Corporation (NAC) reported an 80 percent surge in unaudited attributable net income to P1.05 billion in the first quarter of 2022 from the P584 million earned in the same period last year.

The government should subsidize local truckers just like public utility drivers and operators to cushion the effects of rising oil and petroleum prices, the Confederation of Truckers Association of the Philippines (CTAP) maintained.

Galaxy Racer, a world-leading esports, lifestyle and content organization, has partnered with a local company to support plans for the Philippine gaming scene, which has an estimated esports market of 43 million active gamers.

GoGo Xpress, a go-to hassle-free online selling partner, aims to double its sellers and buyers to benefit more customers amid growing demand.

Philippine Airlines (PAL) has increased its Manila to Bacolod City flights to five times per day to cater to the domestic travel demand surge after provincial border restrictions eased, the flag carrier announced Friday, May 6.