Dennis Uy still stuck on losing streak since 2017 IPO: Chelsea drowns in P2.2B red ink in 9M 2021
Chelsea Logistics and Infrastructure Holdings of Davao-based businessman Dennis Uy has stretched its losing streak to three years and nine months. Sinking since listing: Dennis Uy’s Chelsea is 2nd worst IPO under Duterte with debt tripling, losses mounting since market debut Chelsea reported a net loss of P2.2 billion in the first nine months of […]
Gov’t estimates P210B in economic loss due to 2-week ECQ
The two-week enhanced community quarantine to be imposed over the National Capital Region to prevent the spread of the highly transmissible COVID-19 delta variant is going to cost the economy at least P210 billion.
PH’s economic slump eases to 4.2% in Q1
The Philippine economy shrank at a slower pace in the first quarter, slipping 4.2 percent compared with the 8.3 percent decline the previous year despite struggling to contain the new wave of coronavirus infections.
LT Group sets P9.7B capex in 2021 but Mike Tan fretting about higher cigarette taxes, PNB’s ballooning bad loans
Bilyonaryo Mike Tan is cautiously optimistic about the 2021 prospects of his family’s LT Group amid the delays in achieving herd immunity to fully open the economy.
Wilcon Depot Q1 earnings jump as pandemic drives home renovations
Consumers’ appetite for home improvement remained strong despite the pandemic as Belo-led Wilcon Depot Inc. saw its net income surge 84% in the first quarter on robust sales.
No more bill shocks! Gatchalian urges LGUs to allow electric meter readings
Senator Sherwin Gatchalian appealed to local government units to cooperate with the Energy Regulatory Commission and Manila Electric Co. in allowing the conduct of onsite meter readings amid heightened restrictions under the re-imposed enhanced community quarantine (ECQ).
#ExtraCareAtHome: Globe continues service support to customers as NCR and other areas placed under ECQ
In light of IATF’s announcement to place Metro Manila, Cavite, Laguna, Rizal and Bulacan under Enhanced Community Quarantine (ECQ) starting 29 March 2021 until 04 April 2021 due to the surge of COVID-19 cases, Globe assures its customers that it will continuously deliver service support and #ExtraCareAtHome despite the new lockdown.
Just stay home! DOT bans staycations in NCR Plus bubble during ECQ
Hotels and resorts looking forward to cashing in on Holy Week bookings should brace for losses, no thanks to the declaration of enhanced community quarantine (ECQ) in Metro Manila and the provinces of Cavite, Laguna, Bulacan and Rizal.
Profiting from ABS-CBN’s fall: GMA triples profits as TV, online ads hit the roof; digital box sales top 600k in Q3
GMA Network Inc. of the Gozon-Duavit-Jimenez group is the biggest winner in the fall of former media giant, ABS-CBN, as profits tripled due to the influx of television and online advertising and strong demand for its digital TV boxes.
Unionbank sees fewer physical branches in post-pandemic world
Union Bank of the Philippines (Unionbank) sees less physical branches in post-pandemic world.
