19 February 2020

  • AllHome confident of nailing P1-billion profit in 2019 on Q4 record
    VILLAR-LED home improvement retailer AllHome Corp. said its profit may hit at least P1 billion in 2019 due to its strong fourth quarter performance. “Historically, our fourth quarter performance is typically our strongest when it comes to sales as our stores would benefit from the holiday season as they are strategically located and are part of […]
  • Business groups prod Congress on ABS-CBN franchise
    BUSINESS groups on Tuesday called on legislators to look into the franchise renewal of TV giant ABS-CBN, as doing so would sustain press freedom and free enterprise in the Philippines that they find crucial for the flourish of economic activities. In a joint statement, the Institute of Corporate Directors, Institute of Solidarity in Asia, Makati […]
  • Jollibee income drops in 2019 despite Q4 push
    LOCAL fast-food company Jollibee Foods Corp. on Tuesday said its net income fell 19 percent for the entire 2019 to P6.75 billion from P8.33 billion in 2018, still as a result of the supply chain issues of Red Ribbon and the losses of Smashburger in the United States, as the fourth quarter push was unable […]
  • PSALM sees DOF okay for ADB role in hydropower privatization
    THE Power Sector Assets and Liabilities Management Corp. (PSALM) is expecting within the month the Department of Finance’s go-ahead for its plan to tap the services of Asian Development Bank (ADB) in the sale of two hydropower assets. PSALM President Irene Joy Garcia, in a text message, said ADB is ready to extend its help […]
  • DMW signs 50-year deal with St. Luke’s for hospital’s branch in Aseana City
    CONSTRUCTION firm DM Wenceslao and Associates Inc. (DMW) on Tuesday said it signed a 50-year lease deal with Saint Luke’s Medical Center for the land of the hospital that it will build in Aseana City, in Parañaque. The company said the deal involves a 13,896-square-meter parcel of land in Aseana City. The lease will expand […]

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