Higher sales volume drives Petron’s double-digit earnings growth
Increased consumption of petroleum products both in domestic and overseas markets drove earnings of Petron Corp. in the first quarter at a faster pace, sending net income 16 percent higher to P3.94 billion.
PLDT secures P4 billion green loan from Metrobank for fiber optic network expansion
PLDT Inc. said Tuesday it secured a P4 billion green loan from Metropolitan Bank & Trust Co., the first of this type of loan provided by a local lender to the Philippines’ leading integrated telecommunications network, to fund its fiber optic network expansion.
Shark’s Billiards to launch world’s first professional pool players league
The Philippines, home of the best billiard players in the world, will soon be the first country to have a professional league, an initiative that organizers are hopeful will result in the resurgence of the sport and development of more players in the grassroots.
Consumer lending continues to drive EastWest Bank income
EastWest Banking Corp., the country’s 11th largest lender by assets and led by the Gotianun Group, on Tuesday reported steady expansion of its consumer lending activities and strategic digital initiatives and continued to deliver dividends, nudging first-quarter net income to P1.7 billion from P1.6 billion the year-earlier period.
Philippine inflation accelerates in April, fueled by higher food prices
Consumer prices continued to pick up pace in April, with the cost of food such as rice, fish and vegetables as well as that of fuel leading the way.
