Tag: bworldonline
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Banking, tobacco units lift LT Group’s profit to P6.42 billion in first quarter
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LUCIO C. Tan’s LT Group, Inc. reported a 1% increase in its first-quarter attributable net income to P6.42 billion, driven by its banking and tobacco units. Philippine National Bank (PNB) took up 46% or P2.97 billion of the total first-quarter income, while the tobacco business shared 41% or P2.65 billion, LT Group said…
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Ayala Corp. Q1 income hits P13B, driven by banking, property gains
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AYALA Corp. (AC) on Tuesday reported a 28% increase in its first-quarter (q1) attributable net income to P13.07 billion, driven by strong performances in its banking and property segments. First-quarter core net income, which excludes one-off items, improved by 26% to P11.8 billion, AC said in a statement to the…
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BSP seen to start easing in 3rd quarter
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THE BANGKO SENTRAL ng Pilipinas (BSP) could begin easing policy as early as the third quarter if inflation continues to stabilize, analysts said.
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DoF eyes Green Climate Fund for four projects
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THE PHILIPPINES is looking to tap the Green Climate Fund (GCF) for $124 million worth of projects, the Department of Finance (DoF) said. In a statement, the agency said the Philippines receives funding from the GCF for projects and grants worth $139.9 million. “Meanwhile, four priority project proposals are in…
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OceanaGold Philippines drops 6% on market debut
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OCEANAGOLD Philippines, Inc. (OGP) made a dismal stock market debut on Monday, as its stock price closed 6% lower than its initial public offering (IPO) price.
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PHL needs to grow over 6% in next three quarters to hit target
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THE PHILIPPINE ECONOMY should expand by more than 6% in the next three quarters to meet the government’s growth target this year, analysts said.
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GomBurZa leads Gawad Urian with 12 nominations
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PEPE Diokno’s historical drama GomBurZa got the most nods — 12 — as the Manunuri ng Pelikulang Pilipino released the list of nominations for the 47th Gawad Urian on May 10. The film was nominated in almost all the categories: Best Picture and Best Director, Best Actor (Cedrick Juan), Supporting…
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Welcome to Poblacion’s newest creative hub
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IF you find yourself in the mood to get a tattoo, ask a tarot card reader a question, have a drink, learn how to DJ or play an instrument, and go to bed surrounded by art, there’s now one building you can go to that conveniently houses all of that…
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BSP expected to keep rates steady
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THE BANGKO SENTRAL ng Pilipinas (BSP) is widely expected to extend its policy pause for a fifth straight meeting this week as inflation risks remain.
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BusinessWorld Economic Forum 2024 to uncover next drivers of Philippines’ growth
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THE PHILIPPINE ECONOMY has shown resilience despite facing challenges such as the coronavirus pandemic, elevated inflation and high interest rates. The BusinessWorld Economic Forum will tackle the key issues facing the Philippines today, as well as the next drivers of economic growth when it returns on May 22 (Wednesday) at…