More motorcycles were added to Philippine roads as sales swelled to over 1.2 million units as of end-September this year, the latest Federation of Asian Motorcycle Industries (FAMI) report showed. FAMI's updated database this week showed that the five member-companies of the Motorcycle Development...
Motorcycle sales as of end-August zoomed past the one-million mark in the Philippines, where growth in both new units sold and domestic production is the fastest among the five original member-states of the Association of Southeast Asian Nations (ASEAN). For Robert Dan J. Roces, economist at the...
Owing primarily to favorable outcome of its better inventory holdings, major oil firm Shell Pilipinas Corporation posted significant hike of 1,320 percent in its first half net income to P1.7 billion from relatively lean profit of P123 million in the same period last year. The company indicated...
Despite robust outcome at its top line, the consolidated net income of leading oil player Petron Corporation posted a slight downturn in the first half to P6 billion from last year’s P6.14 billion in the same period. On the company’s operating income, this logged more favorable result with 8.0...
Having posted record sales of roughly 9.0% in the first half and with cash stream from additional generated capacities, power utility giant Manila Electric Company (Meralco) has scaled up its profit goal to P43 billion for the entire year from its initial target of P40 billion. Meralco Chairman...
Car sales increased in the first six months of the year with both the passenger car and commercial vehicle segments experiencing growth. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) revealed that total...
While the intention of the Land Transportation Office (LTO) to penalize the unregistered sale or mortgage of vehicles is laudable, Sen. Grace Poe said that it must have a clear policy for a polished execution. "The agency needs to ensure that the systems are in place for a smooth rollout of the...
The upturn in sales had propelled 16 percent rise in the first quarter net income of leading player Petron Corporation to P3.93 billion from last year’s three-month outcome of P3.4 billion. Petron indicated that the profitability climb had been registered across operational chains of the...
As coal prices in the world market cooled, the net income of Semirara Mining and Power Corporation (SMPC) dropped 28% to P6.5 billion within first quarter this 2024 from a relatively robust P9.0 billion earnings in the same three-month period last year. “Global coal indices declined due to weak...
Propelled by energy sales that have been escalating beyond 10% within the stretch of the sweltering El Niño weather condition, power utility giant Manila Electric Company (Meralco) is favorably looking to end the year with core income jump to P40 billion from P37.1 billion in 2023. The company’s...
K-pop acts swept global album sales in 2023, capturing 19 of the top 20 positions led by boy band Seventeen. The International Federation of the Phonographic Industry (IFPI), which represents the recorded music industry worldwide, announced three additional Global Album Charts, highlighting...
The scale of profitability for Shell Pilipinas Corporation had slowed down to P2.1 billion in this year’s three quarters from a healthier bottom line of P4.4 billion in a comparative period in 2022. The company said its nine-month income had gone up compared to the first half turnout of...
