Wilcon Depot Inc. reported a dip in net income for the third quarter, its first fully operational quarter in 2020, to P533 million from the P549 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said net income fell 42.6 percent to P886...
OF TREES AND FOREST Former Senate President Manny Villar The US presidential election is scheduled to take place on November 3, 2020, right about the time this column goes to print. American voters will choose between the incumbent Republican President Donald Trump and Democratic challenger...
GOVERNANCE MATTERS Former Vice President Jejomar Binay The National Security Adviser, who is also the head of the government task force against communism, attempted last week to contain the self-inflicted damage wrought by his overzealous spokesperson’s red-tagging of several celebrities by...
Internet speed in the Philippines has improved by more than 80 percent in the past two and a half years, while the cost of prepaid mobile Internet in the country is now one of the most affordable in Southeast Asia, according to a telecom executive. Globe Telecom Inc. presented the data to refute a...
Robinsons Retail Holdings, Inc. reported a 13.9 percent drop in attributable net income to P2.4 billion in the first nine months of 2020 due to the impact of quarantine restrictions imposed to stem the spread of COVID-19. In a disclosure to the Philippine Stock Exchange, RRHI noted though...
OF TREES AND FOREST Former Senate President Manny Villar Fatigue, of course, is one of the possible symptoms of COVID-19. But I would like to write about the so-called “pandemic fatigue” – a feeling of exhaustion, impatience, even resignation among people sick and tired of lockdowns and...
GOVERNANCE MATTERS Former Vice President Jejomar Binay In the 1950s, the United States Senate was the venue for anti-communist witch hunts conducted by Senator Joseph McCarthy. The senator whipped up public hysteria and fed on Cold War paranoia by alleging the existence of a massive communist...
As an aftermath of severe storm Quinta’s devastation, massive swath in 15 provinces groped in the dark due to power outages caused by damages in various power facilities. According to the Department of Energy, the estimated cost of damage to the power facilities of the electric cooperatives (ECs)...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, reported a 48 percent drop in consolidated net income to P14.4 billion in the first nine months of 2020 from P27.6 billion in the same period last year. In a disclosure to the Philippine Stock...
Anchoring it mainly on the electricity demand slump this year because of the pandemic, power utility giant Manila Electric Company (Meralco) is targeting a leaner core net income of P21 billion this year, which is roughly 10 to 11-percent lower versus last year’s P24 billion scale of...
Honda Cars Philippines Inc. (HCPI) has vowed to continue expanding its presence in the country as it launched two more models in the last quarter this year alone. HCPI President Masahiko Nakamura said this at Thursday’s virtual public launch of the All-New Honda City and New CR-V. “Every day we...
GOVERNANCE MATTERS Former Vice President Jejomar Binay It would be foolhardy for anyone to think that the congressman from Taguig, after being unceremoniously ejected from his once lofty position as speaker of the House, would suddenly become a paragon of quiet humility and contrition. He is...
