Business

Ayala Corp.’s 2017 profit hits P30.3-B

MANILA -- Conglomerate Ayala Corporation on Monday reported a 16-percent surge in profits last year, bolstered by double-digit growth of its real estate and power businesses. Ayala told the Philippine Stock Exchange its...

NEDA sees export potential of coffee, cacao

MANILA -- The National Economic and Development Authority (NEDA) is looking to tap into the huge potential for growth in exports of high-value products especially coffee and cacao, in its efforts to...

Lottery games post 2.81% revenue hike in January-February : PCSO

MANILA -- The Philippine Charity Sweepstakes Office (PCSO) has reported a slight increase in the sales of lotto and other number games. The PCSO said the sales have increased by 2.81 percent,...

Senate eyes scrapping minimum capital for foreign retail enterprises

MANILA -- The Senate aims to further open the country’s retail sector by removing the USD2.5-million minimum paid up capital for foreign retail enterprises to operate here. During the advocacy forum on...

RCBC eyes sustained double-digit income growth this ’18

MANILA - -Rizal Commercial Banking Corp. (RCBC) targets to sustain its double-digit income growth this year after an 11 percent expansion in 2017. The bank ended 2017 with an income of PHP4.3...

Canadian firm opens upscale business hub in Davao

DAVAO CITY -- A Canadian leasing firm has opened its 2,500-square meter hub in Davao City for leasing to Business Process Outsourcing (BPO), start-ups, private offices, and a co-working space for...
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