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 for 2005’s second quarter. The …
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 deal where Baring Asia had …
#BEATDHEAT THIS SUMMER AND EMBARK ON A BUDGET-FRIENDLY ADVENTURE!
Budget constraints shouldn’t be an excuse to miss out on summer! Head over to Ayala Center Cebu for the #BeatDHEat Summer Travel Expo from May 13 to 15 and check …
PSE Looking to Revive REIT Under New Administration
The Philippine Stock Exchange, Inc. is said to be keen on reviving certain products and services that have stalled over the past six years or so. PSE President and CEO …
Central Azucarera De Tarlac Earnings Rise by 8%
Sugar miller Central Azucarera de Tarlac reported an increase in net income by 8%. The rise has been observed in the past nine months, ending in March, as higher sugar …
Petron Corp. Profit Rises to P2.8B
Petron Corp. reported a net income of P2.8 billion for its first-quarter. The reported amount is more than 10 times the amount of the previous year’s as sales from both …
Globe Profits Up in Q1 Despite Mobile Voice Decline
Globe Telecom, Inc. has seen an improvement in its first quarter net profits by 3%. The increase took place despite the decline in traditional mobile voice and SMS revenues. After …
GMA Prepares Device for Digital TV Shift
GMA Network, Inc. has inched closer to digital TV through the unveiling of a new device last Wednesday. The device allows for digital transmission to become compatible with analog TV …
Nasdaq Eyeing Manila as Key Hub
Nasdaq, a global exchange and financial technology company, is currently expanding its workforce in the Philippines. This is to support its growing global corporate solutions business. Nasdaq Senior VP Greg …
Ayala Land Nets P4.7 Billion in First Quarter
Drawing strength from continued developments in both new and existing estates, Ayala Land, Inc. managed to acquire P4.7 billion in net profit in the year’s first quarter. According to a …