Business leaders in Cebu bullish on peso’s plunge

Victor Anthony V. Silva 09/27/2016

Business leaders in Cebu remain optimistic of the country’s economy despite the seven-year low plunge of the Philippine peso in the Philippine Stock Exchange on Monday. Glenn Soco, Mandaue Chamber of Commerce and Industry (MCCI) president, said…

SMEs urged to be like Metro, list firms at PSE

Victor Anthony V. Silva 09/20/2016

Be like the Visayas-based Metro Retail Group and have your firms listed in the Philippine Stock Exchange (PSE). Lawyer Roel Refran, PSE chief operations officer, made this call to small and medium enterprises (SMEs) entrepreneurs especially those,…

Foreign direct investments surge to $2.2 billion in April

07/11/2016

MANILA — Net inflows of job-generating foreign direct investments (FDI) jumped to the highest-ever monthly figure of $2.2 billion in April as the Philippines’ economic star shone in the region and attracted greater investor interest, the Bangko…

SC upholds nullification of Naga power plant sale

Marites Villamor Ilano 04/13/2016

THE Supreme Court (SC) has upheld its decision to nullify the sale of the 153.1-megawatt Naga power plant complex in southern Cebu to its current operator SPC Power Corp. The High Court, in a notice issued on…

Strong sales, lower expenses boost Metro’s income

12/15/2015

NEWLY listed Metro Retail Stores Group Inc. (MRSGI) said strong sales and reduced operating expenses pushed its net income up by 23.5 percent to P344 million in the first nine months of this year. The 15 percent…

METRO SURGES AHEAD

Marites Villamor Ilano 11/25/2015

Gaisano’s IPO marks a first for Cebu retailer; 50 to 70 additional  stores planned MAKATI  – At exactly 9:30 a.m. yesterday, amid cheers and the beat of drums, Cebuano retailer Frank S. Gaisano –  with his siblings…

SC voids Naga power deal

Marites Villamor Ilano 11/09/2015

SPC to appeal; Therma Visayas insists it won the bidding The Supreme Court has nullified the sale of the 153.1-megawatt Naga power plant complex in southern Cebu to SPC Power Corp. SPC said it will ask the…

Experts tell investors: It is a good time to buy more stocks

Vanessa Claire Lucero 09/11/2015

Now is a good time to accumulate stocks despite the continued volatility in the stock market, said experts from stockbrokerage company COL Financial. Based on their research, the stocks are not falling into a bear market condition,…

AEV net income declines

07/31/2015

Aboitiz Equity Ventures, Inc. (AEV) said its consolidated net income declined 18 percent to P7.8 billion in the first half of this year. This translates to P1.41 in earnings per share, the company said in a disclosure…

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