EARNINGS of mass housing developer 8990 Holdings, Inc. jumped 31% to P1.82 billion in the third quarter on the back of record-high quarterly revenues amid the coronavirus pandemic. In a regulatory filing on Monday, 8990 said it generated P4.83 billion revenues in the July-to-September period, up
DAVAO CITY — Damosa Land, Inc.’s (DLI) new office building, the 17-floor Diamond Tower, is ready for partial opening with more than 92% of the construction and finishing work done. “We will complete the construction by next month but we are able to accommodate locators as
JOLLIBEE Foods Corp. (JFC) swung to a P1.58 billion net loss in the third quarter, a reversal of its P1.67 billion profits a year ago, as it continued suffering from dampened sales due to coronavirus-related restrictions. In a stock exchange disclosure on Monday, the fast food
Pete Dowds is an ex-lawyer turned entrepreneur who founded Elder, a live-in care agency that offers an alternative to the traditional care home. What do you currently do at Elder? I co-founded Elder back in 2015. Now, my role as CEO is very much about steering the
Hollywood stars Ryan Reynolds and Rob McElhenney have outlined their bid to own UK-based football club Wrexham AFC. The pair want to buy the Welsh club from fan owners Wrexham Supporters Trust. There will be a vote among fans – which kick-starts today – to decide whether
Boris Johnson will be under even greater pressure to strike a Brexit deal with Brussels when Joe Biden enters the White House, senior Tories and diplomats said on Saturday, amid fears that a no-deal outcome could seriously threaten relations with a new Democratic administration. The Foreign
It is understood that small firms that successfully received a bounce back loan from non-bank lender Tide are struggling to secure further loans to cope with the second lockdown after the finance company ran out of funds in the summer. Unless Tide can secure fresh private
THE PESO strengthened versus the dollar on Monday as the market expects the economy to have rebounded in the third quarter from its double-digit contraction in the April to June period. The local unit closed at P48.145 versus the dollar on Monday, rising by 7.5 centavos
By Denise A. Valdez, Senior Reporter PHILIPPINE SHARES closed flat on Monday as investors were on wait-and-see mode ahead of the release of third quarter gross domestic product (GDP) data and amid post-election developments in the United States (US). The benchmark Philippine Stock Exchange index (PSEi) inched
Only 7 per cent of British workers want to return to the office full-time after Covid-19 restrictions are lifted, a survey has indicated. Half of those surveyed said that they would choose to work from home either every day or most days. The remainder would choose
MOODY’S ANALYTICS downgraded its growth outlook for the Philippines for 2021 to 6.2% from its 7.8% estimate issued last month, citing the government’s tepid fiscal response which may result in a recovery weaker than it could have been. “The 2021 forecast has been revised downward because
THE estimated cost of damage sustained by electric cooperatives due to Typhoon Rolly (international name: Goni) has climbed to P369.821 million, according to the National Electrification Administration (NEA) on Monday. It said 1.3 million affected households or 62.68% have had their power restored, leaving some 780,597