CEB Q1 revenue up 148% to P6.71 B but bleeds P7.6 B By EMMIE V. ABADILLA Cebu Pacific (CEB) recorded revenues of P6.71 billion in the first quarter, 148 percent higher versus the same period last year, as passenger operations grew 256 percent to P3.16 billion as travel restrictions eased, the...
The local stock market continued to fall as the better-than-expected economic growth numbers failed to boost investor sentiment. The PSEi slid by 103.56 points or 1.56 percent to close at 6,532.30 points with Property and Banks leading the retreat across the board. Volume improved 1.59 billion...
Local share prices continued to fall amid uncertainties after Monday’s polls. The PSEi lost 85.07 points or 1.27 percent to close at 6,634.86 as Holding Firms led the retreat although the Services and Mining and Oil counters bucked the trend. A total of 1.92 billion shares worth P6.64 billion...
The local stock market ended lower after the elections, although it managed to recover from a much steeper drop in the morning. The PSEi lost 38.97 points or 0.58 percent to close at 6,720.93 after plunging over 200 points to the 6,500 level early in the session. The Mining and Oil counter led the...
While the stock market will obviously be reacting to the conduct and the outcome the elections, it will also have its eyes on the release of the first quarter gross national product figure as well as more corporate earnings results. “Chartwise, the PSEi’s 50-day exponential moving average (EMA)...
The local stock market fell amid uncertainties before Monday’s elections as well as due to weaker US bourses overnight. The PSEI dropped 109.02 points or 1.59 percent to close at 6,759.90 as the Property sector led the retreat although the Services counter bucked the trend and eked out a gain....
Better late than never, so it seemed, when President Duterte signed last week Republic Act 11712, or the “Public Health Emergency Benefits and Allowances for Health Care Workers Act.” This law grants mandatory continuing benefits to public and private health workers during the pandemic and...
The local stock market rose further after the US Fed assured that it will not be aggressive in raising rates as many fear. PSE The main index rose 66.19 points or 0.97 percent to close at 6,868.92 as the Mining and Oil counter surged and led gains across the board. However, volume dipped to 1...
As Covid-19 restrictions ease and consumers favor a more digital lifestyle, PLDT Inc. hauled in ₱46.4 billion consolidated service revenues (net of interconnection costs) in the first quarter of 2022, up 3 percent from the same period last year, resulting in 56 percent increase in net income to...
The local stock market bounced as investors pick up stocks that have suffered losses in past sessions. The main index jumped 81.65 points or 1.22 percent to close at 6,892.73 as the Property sector led the advance although Mining and Oil and Holdjng Firms remained in the red. Volume picked up with...
Albay 2nd district Rep. Joey Salceda believes that a bigger crackdown on online lending and investment scams is coming sooner than later, thanks to President Duterte's expected signing of the Financial Consumer Protection (FCP) Act. (Maxim Ilyahov/ Unsplash) “I am told by sources in the Palace...
COL Financial reported that 2021 was another record year for the company with its net income jumping 38 percent to P581 million, from P422 million in 2020, and higher than its pre-pandemic peak of P513 million in 2018. In a disclosure to the Philippine Stock Exchange, the stock brokerage said its...
