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 …
SeaDrone Simplifies Inspecting and Exploring Underwater
The SeaDrone is the latest drone variant to bring something new to the table. This time, it allows for the simplicity of multi-rotor airborne drones to underwater applications. According to …
Ritual Aiming to Reinvent the Vitamin
Ritual has come up with a beaded oil capsule vitamin for sustain release, made from the world’s best ingredients, or so the company claims. The company very recently launched onstage …
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 …
Rancher Labs Raises $20M Series B Round
Rancher Labs has announced its raising of a $20 million Series B round. The new round is led by GRC SinoGreen, a Chinese private equity and venture capital fund. There …
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 …
Scoutible Claims its Video Games Can Help Users Find Work
Scoutible thinks its smartphone games have what it takes to assess traits and aptitudes needed for various professions. The company recently launched at the TechCrunch Disrupt in New York last …