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Neil Jerome C. Morales

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Jollibee to hike capital spending by 10% annually

by Neil Jerome C. Morales - August 18, 2014 - 12:00am

Fastfood giant Jollibee Foods Corp. (JFC) is increasing its capital spending and branch network by 10 percent annually in the next five years in line with the target of doubling its profits in the long term.

Ayala Land to chart new multi-year expansion program

by Neil Jerome C. Morales - August 18, 2014 - 12:00am

Property giant Ayala Land Inc. (ALI) is charting a new multi-year expansion program targeting to maintain its annual double-digit growth trajectory in the next three to five years, banking on the strength of the...

Bargain hunting seen this wk

by Neil Jerome C. Morales - August 18, 2014 - 12:00am

A follow-through of fund managers’ portfolio rebalancing and episodes of bargain hunting will test the strength of the new 7,000 support level this week.

Emperador posts P3.06-B earnings in H1

by Neil Jerome C. Morales - August 17, 2014 - 12:00am

Lower revenues dragged the earnings of Emperador Inc., the hard liquor unit of property tycoon Andrew L. Tan, in the first half of the year.

Stocks end 4-day gains amid profit taking

by Neil Jerome C. Morales - August 16, 2014 - 12:00am

Investors opted yesterday to pocket gains following a four-day run-up that brought the main index to a 14-month high.

GT Capital registers P4-B net income in H1

by Neil Jerome C. Morales - August 16, 2014 - 12:00am

GT Capital Holdings Inc. booked lower profits in the first semester, weighed down by the banking and power generation units.

LT Group profit shrinks to P2.16B in H1

by Neil Jerome C. Morales - August 16, 2014 - 12:00am

The weak performance of the banking, tobacco, property and liquor businesses dragged the first half profit of tycoon Lucio Tan’s LT Group Inc.

Travellers Group earnings rise 25%

by Neil Jerome C. Morales - August 16, 2014 - 12:00am

Improved gaming operations boosted the profits of Travellers International Hotel Group Inc., the operator of Resorts World Manila, in the first six months of the year.

Index breaches 7,000, highest in 14 months

by Neil Jerome C. Morales - August 15, 2014 - 12:00am

Hefty gains in blue chips and easing geopolitical tensions abroad boosted the bellwether index to a 14-month high, closing past the 7,000 level for the first time this year.

JG Summit profit more than doubles to P13 B

by Neil Jerome C. Morales - August 15, 2014 - 12:00am

Profits of tycoon John Gokongwei’s JG Summit Holdings Inc. more than doubled in the first semester amid hefty gains from several investments.

Ayala Group net profit surges 34% to P9.8B

by Neil Jerome C. Morales - August 15, 2014 - 12:00am

The strong performance of its core business units allowed Ayala Corp. (AC), the country’s oldest conglomerate, to grow its profits by a third in the first semester.

Vista Land profit climbs 12% to P2.8B

by Neil Jerome C. Morales - August 15, 2014 - 12:00am

Vista Land & Lifescapes Inc., the country’s largest homebuilder, reported a double-digit uptick in revenues and earnings in the first half, a trend company officials said will continue for the rest of the...

ALI allots P65 B for Makati CBD redev’t

by Neil Jerome C. Morales - August 15, 2014 - 12:00am

Premier business district Makati, the crown jewel of property giant Ayala Land Inc. (ALI), is up for a P65-billion redevelopment in the next five years that will ensure the relevance and competitiveness of the country’s...

Index reverses early losses on last-minute buying

by Neil Jerome C. Morales - August 14, 2014 - 12:00am

Last-minute buying reversed early losses and allowed the bellwether index to close in the green for the third straight session.

URC profit up 1.3% to P8.55B

by Neil Jerome C. Morales - August 14, 2014 - 12:00am

Profits of snacks and beverage giant Universal Robina Corp. (URC) inched up in the nine-month period of its fiscal year as higher sales of branded products were offset by the drop in non-recurring gains.

Filinvest profit slips 9%

by Neil Jerome C. Morales - August 14, 2014 - 12:00am

The investment holding firm of the Gotianun family reported a single-digit drop in first half earnings amid lower trading gains of its banking unit.

Jollibee earnings up 17.2% to P2.46 B in H1

by Neil Jerome C. Morales - August 14, 2014 - 12:00am

Strong sales in new and existing stores allowed homegrown fastfood giant Jollibee Foods Corp. (JFC) to post significant profit growth in the first semester of the year.

Rustan’s specialty retail unit eyes P12-B IPO

by Neil Jerome C. Morales - August 14, 2014 - 12:00am

SSI Group Inc., the largest specialty retailer in the Philippines, is raising more than P12 billion through an initial public offering (IPO) in the local bourse.

Index climbs on corporate income reports

by Neil Jerome C. Morales - August 13, 2014 - 12:00am

Share prices rose yesterday, boosted largely by a slew of first half corporate earnings reports and the continued easing of geopolitical tensions abroad.

MPIC income climbs 18% to P4.6 B in H1

by Neil Jerome C. Morales - August 13, 2014 - 12:00am

Infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) is expecting its core net income to pierce the P8-billion mark this year on the back of the improving performance of all its operating units.

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