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  • Emperador net income up 18 percent in first half

    August 2, 2018 4:08 AM 11

    MANILA -- The world's largest brandy company, Emperador Inc, said Thursday net income in the January to June period rose 18 percent, as international sales offset a "soft" domestic market. The maker of Emperador Brandy, Fundador and scotch whisky brands Dalmore and Jura said net income in the first half reached P19.5 billion. It did not immediately disclose

  • Gov't agencies urged to fill 264,000 vacancies

    August 1, 2018 7:19 AM 7

    MANILA -- Budget Secretary Benjamin Diokno on Wednesday urged agencies to fill some 264,000 vacant government positions. The DBM will issue a circular directing agencies to fill up the vacancies or they will be abolished if left unfilled 5 years from creation, Diokno said in a statement. "We cannot deliver our programs and services as efficiently and effectively

  • Grab 'close to finalizing' commitments with antitrust body

    August 1, 2018 4:27 AM 8

    MANILA -- Grab said Wednesday it was "close to finalizing" voluntary commitments aimed at resolving concerns raised by the country's antitrust watchdog. Negotiations with the Philippine Competition Commission are ongoing, according to Grab, which acquired Uber's Southeast Asia operations. "We are set to meet with PCC again within the week, but we will defer

  • Max's Group to merge Krispy Kreme, Jamba Juice units

    August 1, 2018 2:58 AM 7

    MANILA -- Max's Group said Wednesday it secured the Securities and Exchange Commission's approval to merge its two units that operate Krispy Kreme and Jamba Juice in the Philippines. The Real American Doughnut Company will be the surviving entity when it merges with Fresh Healthy Juice Boosters, the restaurant operator told the stock exchange. "The resulting

  • Govt infra spending at P352.7B in first half, up 42 percent

    August 1, 2018 2:11 AM 11

    MANILA -- The government spent P352.7 billion on infrastructure in the January to June period, up 42 percent from the same period in 2017, Budget Secretary Benjamin Diokno said Wednesday. Road projects by the Department of Public Works and Highways helped drive infrastructure spending in the first half, which was also 4 percent above target, Diokno told reporters

  • Samsung Q2 net profit dips to $9.9 billion

    July 31, 2018 1:39 AM 11

    SEOUL -- Samsung Electronics on Tuesday reported a 0.1 percent dip in its second quarter net profit from a year earlier, blaming slower sales of smartphones and display panels for the drop. Net profit for the April to June period came in at 11.04 trillion won ($9.9 billion), slightly lower than the 11.05 trillion won in the same period in 2017, the company

  • After 20 years, PNR's Caloocan to Makati line to reopen

    July 31, 2018 1:35 AM 18

    MANILA -- The Caloocan to Dela Rosa Makati line of the the Philippine National Railways will be reopened after 20 years, the Department of Transportation said. The soft opening is scheduled for Wednesday with the minimum fare set at P15, the DoTr said in its Facebook page. The initial run will stop at the following stations: 10th Avenue, 5th Avenue

  • ABS-CBN TVPlus adds 5 new channels to lineup

    July 30, 2018 8:38 AM 7

    MANILA – Five channels have been added to ABS-CBN's digital terrestrial television service, TVPlus, the company said in a statement. ABS-CBN TVPlus now has the Asianovela Channel, Movie Central, Jeepney TV, MYX and O Shopping. The new channels are available in Metro Manila, Rizal, Cavite, Laguna and Metro Cebu, and will be available in Cagayan De Oro starting

  • Megaworld to build P28-billion business district in Bacolod

    July 30, 2018 8:34 AM 5

    MANILA - Megaworld said Monday said it would start building a P28-billion business district in Bacolod City this year. The project, called Upper East, will take 10 years to develop and will include residential condominiums, malls, commercial centers, mixed-used buildings, offices, hotels transport hubs and open parks, Megaworld told the stock exchange

  • 'Rationalization' of NAIA terminals deferred

    July 30, 2018 5:25 AM 5

    MANILA -- The planned terminal reassignments at Manila airport under a "rationalization" program will not push through in August due to "unforeseen operational constraints," authorities said Monday. The Manila International Airport Authority said it sought permission from a congressional committee to defer the Terminal Rationalization Program