AEV 4Q Net Income Up 107%

Aboitiz Equity Ventures Inc. (PSE: AEV) has registered a consolidated net income of PhP5 billion for the fourth quarter of 2010, up 107% from the same period in the previous year. Of the total earnings contributions from the company’s four strategic business units (SBUs), Power accounted for 90%. Income share of the Banking and Food […]
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PH Business Outlook Remains Strong

Business optimism continued to be strong in the first quarter of the year (1Q), with the overall confidence index (CI) at  47.5%. The confidence index is computed as the percentage of firms that answered in the affirmative less the percentage of firms that answered in the negative with respect to their views on a given […]
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PH Bank Lending Up 8.9% in December

Total outstanding loans of commercial banks, net of banks’ reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas (BSP), continued to expand in December 2010 by 8.9%, broadly similar to the previous month’s expansion of 9%. Bank lending inclusive of RRPs grew at a slower rate of 8.9% from an expansion of 10.3% in […]
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Phoenix Petroleum 2010 Earnings Up 140%

Phoenix Petroleum Philippines Inc. (PSE: PNX) has announced PhP427 million consolidated core net earnings from operating sources for 2010, about 140% higher than the PhP178 million earned in 2009. The company also reported consolidated revenues of PhP14.79 billion, up 152% over PhP5.87 billion in 2009. A substantial portion of this growth was brought about by […]
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