Money
Weaker peso cut AEV’s Q1 income
Conglomerate Aboitiz Equity Ventures said it posted a net income of P4.7 billion in the first quarter, down by 7...
SM Prime pegs rates of P20-bond offering
Property developer SM Prime Holdings Inc. set the interest rate of its P20-billion seven-year bond offering at 5.1683 percent per...
CIC posts net profit of P218m
Appliance maker Concepcion Industrial Corp. said first-quarter net income grew 19.3 percent to P218.5 million from P182.4 million a year...
Demand for BSP auction declines
WEAK demand from investors resulted again in the undersubscription of the month-long term deposits offered by Bangko Sentral ng Pilipinas...
US Fed not likely to hike rates
WASHINGTON"•The Federal Reserve opened its two-day policy meeting on Tuesday amid signs of softening inflation which eases the pressure to...
IMF says Europe must provide ‘credible’ debt relief for Greece
WASHINGTON"•Despite an agreement reached Tuesday on a reform package, Europe still needs to provide “credible” debt relief to Greece before...
Bank loans jumped 20% to nearly P6.2t in March
Banks loans jumped nearly a fifth in March from a year ago, amid robust demand for financing among companies and...
Security Bank posted P2.8-b net profit in Q1
Security Bank Corp., the country’s fifth-largest lender in terms of assets, said net income in the first quarter declined 6.7...
Peso depreciates to 49.99 per dollar
The peso fell to a one-month low against the US dollar Tuesday as investors preferred the greenback on expectations of...
All-cash business a headache for marijuana stores
By Veronique Dupont LOS ANGELES"•America’s cannabis industry may be booming, but its entrepreneurs are finding the all-cash business a logistical,...
Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.