US dollar banknotes are seen in this photo illustration taken Feb. 12, 2018. — REUTERSBy Keisha B. Ta-asan, ReporterFOREIGN DIRECT INVESTMENT (FDI) net inflows rose by 13% in February to its highest level in 14 months, amid improving investor sentiment towards the Philippines.Data released by

RESIDENTS are seen fleeing their homes due to floods, Oct. 23, 2020. The Philippines is one of the most disaster-prone countries in the world. — PHILIPPINE STAR/ MICHAEL VARCAS THE PHILIPPINE GOVERNMENT is eyeing a $500-million loan from the World Bank (WB) to strengthen its

Economic managers are targeting 6-7% gross domestic product (GDP) growth this year. — PHILIPPINE STAR/EDD GUMBANTHE PHILIPPINES may find it difficult to return to its pre-pandemic growth momentum despite signs of recovery, according to the central bank chief.Bangko Sentral ng Pilipinas (BSP) Governor Felipe M.

SM INVESTMENTS Corp. (SMIC) posted a consolidated net income of P17.3 billion in the first quarter, up 33.1% from a year ago, as the Sy-led conglomerate recorded double-digit revenue growth. “This year has started well, continuing the strong momentum of 2022. We are well-positioned for

AYALA Corp. booked a 30.9% increase in attributable net income for the first quarter to P10.22 billion from P7.81 billion the previous year as most of its businesses reported higher earnings, the company said on Wednesday.“One of our priorities is to end 2023 with profits

MEGAWORLD Corp. on Wednesday reported an attributable net income of P4.1 billion in the first quarter, up 33% from last year, driven by improvements in all its core businesses.In a stock market disclosure, the listed township developer saw a 24% jump in consolidated revenues to

DMCIDMCI Holdings, Inc. reported on Wednesday that its attributable net income fell by 32% in the first quarter to P7.62 billion from P11.26 billion in the previous year’s all-time high result.The “high base effect” saw its revenues fall by 25% to P33.03 billion from P43.76

PETRON Corp. registered a net income of P3.4 billion in the first quarter, down by 5.6% from P3.6 billion last year, due to the oil company’s higher expenses.In a stock exchange disclosure, Petron recorded consolidated revenues of P188.8 billion, 9.6% higher than the P172.3 billion

COSCO Capital, Inc. posted a 14.4% increase in its consolidated net income to P3.1 billion in the first quarter from P2.7 billion recorded the same period last year, the company said in a regulatory filing on WednesdayThee listed retail holding firm of Lucio L. Co reported a

BLOOMBERRY Resorts Corp.’s net income in the first quarter rose by more than four times to P2.98 billion from P686.67 million a year ago on strong domestic and international demand, which increased its gaming volumes.“Our performance was highlighted by a 338% increase in consolidated net

JOLLIBEE Foods Corp. reported a nearly 11% decrease in attributable net income for the first quarter to P2.06 billion from P2.31 billion the previous year despite strong revenue growth.“Our first quarter financial results reflected continued strong momentum, delivering another quarter of strong top line and

AMI AC Renewables, through its subsidiary AMI Khanh Hoa, has signed a memorandum of understanding with Honeywell International, Inc. to collaborate on a 7.5-megawatt-hours battery energy storage system (BESS) project in Khanh Hoa, Vietnam.AMI AC Renewables is a joint venture between ACEN Corp. and AMI