Philippine Updates

  • COSCO Boosted by Consumer Spending

    Cosco Capital revealed that its net profit managed to grow by 11% during the year’s first quarter. The net profit is boosted by the strength…

  • SM Prime Opens 58th Mall in the Philippines

    SM Prime Holdings, Inc. opened its 58th mall on Friday. SM Prime revealed in a statement that SM City Trece Martires is also the fifth…

  • AirAsia Resuming Manila-Shanghai Flights

    Budget carrier Philippines AirAsia plans on resuming direct flights from Manila to Shanghai sometime in June. This is part of the company’s plans to expand…

  • Steady Residential Sale Boost Bottom Line of Property Firms

    The steady growth in residential sales and strong rental expansion within the rental business meant only good things for some of the country’s biggest real…

  • Philippine Seven Net Profit Rise by 61.6%

    The Philippine operator of 7-Eleven convenience stores is drawing strength from spending related to the recent elections. Net profit has risen upwards to 61.6% for…

  • Metro Manila Property Market Stabilizing

    Property developers are preparing for the launch of more real estate projects in 2016 after a contraction witnessed in 2015. The Metro Manila market is…

  • Alliance Select Foods Beefing Up Ops in General Santos

    Alliance Select Foods International, Inc. is reallocating portions of recent fundraising exercise proceeds to beef up operations in General Santos City. The company secured approval…

  • Semirara Profit for First Quarter Rises by 16%

    Semirara Mining and Power Corp. stated on Tuesday that earnings in the first quarter rose by 16%. This was made possible despite lower revenues from…

  • PAL Refunded on Jet Fuel Taxes

    The Court of Tax Appeals granted Philippine Airlines, Inc. a refund of P88.54-million in taxes. This is for the importation of Jet A-1 aviation fuel…

  • Baring Asia to Acquire Stake in Telus International

    Baring Private Equity Asia is set to acquire a minority stake in the global arm of Canadian telecommunications giant Telus Corp. In a statement, a…