Home2023May (Page 66)

Overseas Filipino workers (OFWs) continued to send home more money, driving cash remittances 3% higher in March, the Philippine central bank said. — PHILIPPINE STAR/EDD GUMBANMONEY SENT HOME by overseas Filipinos jumped by 3% in March amid the improving economic outlook in host countries.Data released

Vehicle sales continued to rise in April. — PHILIPPINE STAR/GEREMY PINTOLONEW VEHICLE SALES rose by an annual 21.8% in April, but a month-on-month decline in sales may reflect slowing consumer demand.A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and

BANGKO SENTRAL NG PILIPINAS GOVERNOR FELIPE MEDALLA — REUTERSBy Keisha B. Ta-asan, ReporterMACTAN, Cebu — The Bangko Sentral ng Pilipinas (BSP) is likely to keep policy rates unchanged on Thursday as inflation continues to ease, its governor said on Monday.BSP Governor Felipe M. Medalla said

MONDE Nissin Corp.’s attributable net income for the first quarter declined 16.7% to P1.94 billion due to restructuring costs in its meat substitute business Quorn, the company said on Monday.In a disclosure, the company said its consolidated revenues for the three-month period grew by 9.6% to

GOKONGWEI-led JG Summit Holdings, Inc. earmarked P73 billion for capital expenditures (capex) this year, up 2.8% from P71 billion the prior year, to be used by its major business segments, the company’s top official said on Monday.“I think 2023 will be a much better year

FILINVEST Land, Inc. (FLI) posted a 9% growth in its attributable net income for the first quarter to P741 million as all its business segments recorded growth, the property developer said on Monday.“Our company achieved growth in all its business segments during the first quarter

LISTED Visayas-Mindanao property developer Cebu Landmasters, Inc. (CLI) has launched the fourth tower of its flagship residential development project in Palawan, the company said on Monday.“The outstanding reception to Casa Mira Towers Palawan shows how much CLI’s projects are resonating with the market, especially in