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FDI net inflows hit USD 3-B mark in first eight months of 2015

MANILA, Nov. 10 (PNA) — Foreign direct investments (FDI) posted net inflows of USD 526 million in August 2015, an increase of 76.3 percent from the USD 299 million recorded…

Vista Land to acquire Starmalls; 9-month profit hits Php5-B

MANILA, Nov. 10 (PNA) — Villar-led homebuilder Vista Land & Lifescapes, Inc. (VLL) will acquire a controlling 88.25-percent stake in sister company Starmalls, Inc. from the Fine Group for Php33.53…

Higher store sales lift 9-month profit of 7-11 licensee by 10%

By Leslie D. Venzon MANILA, Nov. 10 (PNA) — Philippine Seven Corp. (PSC), the local licensee of 7-Eleven Convenience Stores, posted a 10.1-percent surge in profit in first nine months…

Tourism receipts rose 7% to Php168.75 B in Q3 ’15

By Azer N. Parrocha MANILA, Nov. 10 (PNA) — Philippines’ visitor arrivals at the end of third quarter this year generated Php 168.75 billion in tourism receipts, up 6.99 percent…

SMC’s 9-month profit hits Php 26.8B

By Leslie D. Venzon MANILA, Nov. 10 (PNA) — Philippine conglomerate San Miguel Corp. (SMC) on Tuesday said its profit surged by seven percent to Php26.8 billion in first nine…

PHL stocks slip to 7,000-level on China weakness, US rate hike worries

MANILA, Nov. 10 (PNA) — Local share prices fell for the fifth day but stayed above 7,000-level on Tuesday, tracking the movement of markets in the region, as investors worried…

RP Energy rehabilitates Cawag Barangay Hall through ‘Kasangga Mo’

MANILA, Nov 10 (PNA) – Redondo Peninsula Energy, Inc. (RPE) has rehabilitated the “Cawag” City Hall in Subic through the “Kasangga Mo” program. Aside from the rehabilitation of the structure,…

PSALM stresses it acted with DOJ opinion in SPC transaction

By Juzel L. Danganan MANILA, Nov 9 (PNA) – The Power Sector Assets and Liabilities Management (PSALM) Corp. stressed it has acted after consulting the Department of Justice (DOJ) for…

Globe board approves cash dividend of Php20.75/share following strong 9-mo earnings

MANILA, Nov. 9 (PNA) — Globe Telecom said its board approved the declaration of a fourth quarter cash dividend of Php20.75 per share for common shares following the strong financial…

Ayala Land 9-month profit hits Php12.8-B

MANILA, Nov. 9 (PNA) — Property giant Ayala Land, Inc. (ALI) booked a 19-percent surge in profit in the first nine months of 2015 on the back of sustained stable…

DTI sets talks with stakeholders on PHL-EFTA trade deal

MANILA, Nov. 9 (PNA) — The Department of Trade and Industry (DTI) has set discussions with local stakeholders on Nov. 10 (Tuesday) regarding the potential trade agreement with European Free…

SoKor firms eye more trade with PHL

MANILA, Nov. 9 (PNA) — South Korean firms are targeting to expand trade with the Philippines as they seek for local business partners to bring and distribute their products here….

EZ Com outbid four other firms in Comelec’s electronic transmission deal

By Ferdinand G. Patinio MANILA, Nov 4 (PNA) — Five companies including Smartmatic-Total Information Management (TIM) submitted their respective proposals on the multi-million electronic transmission negotiated contract for the May…

BOC mulls request for reconsideration of ’16 revenue goal

MANILA, Nov. 4 (PNA) — Some sectors are elated over the continued drop of oil prices but some are not, including the Bureau of Customs (BOC). In general, the decline…

PHL banking system remained strong amid negative external environment in H1 ’15

By Joann Santiago MANILA, Nov. 4 (PNA) — Resiliency and strength of the Philippines’ financial system remain intact amidst the negative external environment. According the Bangko Sentral ng Pilipinas (BSP),…