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Power business boosts MPIC profit in 9 months

MANILA — Infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) on Wednesday reported a 22-percent surge in profit in the first three …

DMCI Holdings profit hits P11.7-B, up 19%

Diversified engineering conglomerate DMCI Holdings, Inc. grew its profit by 19 percent in the first nine months this year to …

Gov’t welcomes private firms’ support for Marawi rehab

MANILA— The government welcomes private sector support in its rebuilding efforts in war-stricken Marawi City, as it prepares a preliminary …

Ayala Land net income up 18%

MANILA— Property giant Ayala Land Inc. (ALI) grew its profit by 18 percent in the first nine months of 2017, driven …

PH inflation rises to 3.5% in October

MANILA— The country’s inflation rate slightly rose to 3.5 percent last October, a percentage point higher than the previous month’s 3.4 …

Metro Pacific acquiring stakes in Indonesian firm for USD132M

MANILA — Metro Pacific Tollways Corp. (MPTC), the country’s leading tollways developer and operator, is acquiring 6.6 billion shares in …

ASEAN to further enhance trade, investment cooperation

MANILA — The Philippines foresees greater opportunities to expand trade and investment within Association of Southeast Asian Nations (ASEAN) members, …

Ayala-owned IMI’s profit up 16%

MANILA — Ayala-led Integrated Micro-Electronics Inc. (IMI) booked  USD24.1 million net income in the first nine months this year, up …

More countries expected to provide aid for Marawi rehab

MANILA  — More countries are expected to provide assistance to the Philippines in rebuilding war-torn Marawi City when state and …

Retail prices in NCR fall for seventh straight month

MANILA— Retail prices in Metro Manila declined for the seventh straight month in September due mainly to slower gain of …

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