Farm sector expands at faster clip in 2023 on poultry, livestock gains, record rice output
Philippine agriculture grew at a faster 1.2 percent clip in 2023 on the back of higher poultry and livestock production, increased fruit harvest, and record rice output as reported by the Philippine Statistics Authority on Wednesday.
MRT-3 pilots system where riders use a single payment platform to transit to destination
AF Payments Inc. (AFPI) has entered into a strategic partnership with Mastercard to enable contactless acceptance of the latter’s cards at Metro Rail Transit Line 3 (MRT-3 Line) and buses for the first time in the Philippines. AF Payments is jointly owned by Ayala Corp. and the Metro Pacific Investments Corp.
Robinsons Retail net income drops 30% to P4.1B in 2023 on FX losses
Robinsons Retail Holdings Inc. said Thursday net income last year dropped nearly 30 percent to P4.1 billion due to foreign exchange losses resulting from the peso's appreciation and a loss of equalized earnings with the derecognition of Robinsons Bank’s net income following the bank's merger with the Bank of Philippine Islands, and losses from start-up investments.
PAL ranks high in punctuality rankings by Cirium
The Philippine Airlines (PAL) ranks high among the top ten most punctual airlines in the Asia-Pacific region in 2023, leaving behind most Southeast Asian, Chinese, and Australian carriers in its wake.
‘AI’ stays front-and-center on quarterly conference calls
Artificial intelligence remains a hot topic on earnings conference calls this quarter by Microsoft, Alphabet and others across Wall Street, even as investors look for more evidence their big bets on the emerging technology will pay off.
