Bank of the Philippine Islands reported a 59.6 percent jump in net income to P8.0 billion for the first quarter of 2022 compared to the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said its strong performance was attributable to higher net interest income, lower...
The Philippine Arena will play host to Game 7 of the PBA Governors’ Cup Finals on Sunday, April 24 in the event Barangay Ginebra San Miguel and Meralco need a deciding match to dispute the championship of the season-ending conference. Photo from PBA The PBA made the announcement on its social...
The Fiscal Incentives Review Board (FIRB) is planning to set uniform charges on registered Philippine Offshore Gaming Operations (POGO) with the investment promotion agencies (IPAs). Finance Assistant Secretary and FIRB Secretariat Head Juvy Danofrata said on Thursday, April 21, that they will look...
Photo from PBA The Philippine Arena and Mall of Asia Arena are being eyed as possible venues in the event the Governors’ Cup Finals between Barangay Ginebra San Miguel and Meralco reaches a deciding seventh game. PBA commissioner Willie Marcial bared the availability of both arenas for the...
The local stock market rose for the third day this week on positive news locally and from overseas. The main index jumped 104.68 points or 1.49 percent to close at 7,142.42 with the Property sector leading the charge although the Mining and Oil counter retreated. However, volume dipped to 799...
Philippine Racing Club, Inc. (PRC) is spinning off its horseracing business to a wholly-owned subsidiary so it can fully focus on the development of its more valuable real estate portfolio. In a disclosure to the Philippine Stock Exchange, the firm said it has formally decided to separate its...
After the two-year ordeal brought about by the pandemic, Filipinos are once again traveling as seen in airports that are full of passengers, roads that are full of vehicles, and restaurants that are full of customers. Last week, hotels and resorts enjoyed high occupancy rates, something they...
Before it is too late, the government should immediately act on the reported overfishing and harassment of local fishermen by Chinese vessels in the West Philippine Sea (WPS), a peasant and fisheries group said Tuesday, April 19. The Philippine Coast Guard (PCG) drives away seven foreign fishing...
SAN NARCISO, Zambales — Vice President Leni Robredo on Tuesday, April 19, committed to protect the fisherfolk here who usually get into conflicts with Chinese fishing vessels in nearby West Philippine Sea (WPS), and highlighted the need to strengthen the capabilities of the Philippine Coast Guard...
Reelectionist Senator Risa Hontiveros questioned the move of the Department of Energy (DOE) to suspend exploration activities in the West Philippine Sea, calling it "worrisome." Senator Risa Hontiveros (Photo courtesy of Hontiveros Office) While the senator reiterated that "Philippine ships have...
Philippine Airlines (PAL) achieved "better than expected" financial results in the first quarter of 2022 and is now at 80 percent of its pre-pandemic levels, in terms of domestic flights and 60 percent, in international flights. "In the 3rd and 4th quarter, we'll add more flights and go back to 80...
TECH4GOOD Monchito Ibrahim The exponential pace of change in the technology space is profoundly disrupting industrial processes and value chains making it much more difficult for industries to compete in a globalized economy. We are now seeing companies challenged by two major choices: adapt or...
