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

FERDINAND R. MARCOS, JR. receives a replica of the Malampaya gas field from Prime Infrastructure Capital, Inc. Chairman Enrique K. Razon, Jr. after the ceremonial signing of the renewal of the Malampaya Service Contract 38 in Malacañang on Monday. — PPA POOLPRESIDENT Ferdinand R. Marcos,

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

REUTERSSAN MIGUEL CORP. reported a net income of P17.7 billion in the first quarter, up 27% from P13.9 billion in the same period last year, due to broad-based growth in its business segments.“Our strong first-quarter results reflect our commitment to execute well on our strategic

ALLIANCE Global Group, Inc. (AGI) on Monday reported a 20% rise in first-quarter attributable net income to P4.7 billion on the back of higher revenues from its major businesses.“All our major business segments registering impressive growth in the first quarter of the year despite nagging

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

DITO CME Holdings Corp.’s attributable net loss narrowed to P336.67 million in the first quarter from P3.67 billion a year earlier after posting lower expenses and foreign exchange gains.“DITO reported encouraging financial performance for the three-month period ending March 31 on the back of strong

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

PHILIPPINE STAR/ BOY SANTOSABS-CBN Corp. has managed to narrow its attributable net loss to P1.16 billion in the first quarter from P1.38 billion last year after reducing costs and expenses.In the three months that ended March, the company generated lower revenues at P4.26 billion, down

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