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The Philippine economy grew at a sizzling pace in the second quarter, topping expectations as a government-led construction boom and an extended rebound in the farm sector took some of the sting off a peso wallowing at 11-year lows.

The stock market stayed in the 8,000 level yesterday following the release of second quarter economic performance.

Air Juan Aviation Inc. is planning to acquire additional aircraft in the next five years as it aims to double capacity and grow the business.


In his second State of the Nation Address, President Duterte said a new department should respond to the prevailing 21st century conditions.

The dinosaurs at LTFRB make it necessary for Congress to pass legislation that will update our laws to meet the needs of a digital age.

Latest Business News

Share prices rose yesterday as the local market tracked regional peers and US stocks, analysts said.

Metro Pacific Investments Corp.’s claims for overdue toll adjustments  for the North Luzon Expressway and Manila-Cavite Toll Expressway have reached P7.5 billion as of June, NLEX Corp. president and chief executive officer Rodrigo Franco told reporters, yesterday.

Jollibee Foods Corp., reported a net income of P1.9 billion in the second quarter of the year, up 16.5 percent from the same period a year ago.

Net profit of GMA Network Inc. declined 35 percent in the first half due to the absence of political advertisements.

Vista Land & Lifescapes Inc., the listed property developer of the Villar family, may launch as much as P70 billion worth of projects  this year, significantly higher than its original target of P50 billion amid a positive business environment.

Alliance Global Group Inc., the holding company of tycoon Andrew Tan, posted a net income of P10.1 billion in the first half of the year, 13 percent lower than the previous year.

Nissan Philippines Inc. is pursuing its aggressive nationwide dealership expansion in the second half of the year as it looks to sustain the robust sales growth it recorded in the first semester.

The Tourism Infrastructure and Economic Zone Authority  is looking to build tourist assistance centers  and floating dock systems across the country to provide convenience and accessibility to tourists.

Energy Development Corp., the renewable energy arm of the Lopez Group, expects a slight slowdown in earnings growth in the second half of the year following the 6.5-magnitude earthquake that damaged its Leyte geothermal power plants.

The Board of Investments  will extend incentives to Cebu Air Inc.’s P6.1- billion air transport project under the public infrastructure and logistics activity of the new investment priorities plan.


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