Philippines Develops Close Ties to China

Philippines Develops Close Ties to China

Philippines Develops Close Ties to China Chinese leader Xi Jinping once offered Rodrigo Duterte personal assurances his country “won’t go to the dogs,” the Philippines president said, noting that the former colony won’t become Washington’s “vassal” ever again. “’We will be there if you need us,’” Duterte said on Tuesday, recalling a conversation with the […]

Philippines: Ayala Outperforms

Philippines: Ayala Outperforms

Property giant Ayala Land Inc. grew its first quarter net profit by 17 percent year-on-year to P6.52 billion, driven by the double-digit expansion of the residential development and commercial leasing businesses. Total revenues also increased by 17 percent year-on-year to P36.98 billion, Ayala Land disclosed to the Philippine Stock Exchange on Tuesday. Property development revenues […]

Strong Corporate Results in the Philippines

Strong Corporate Results in the Philippines

Ayala-led Bank of the Philippine Islands (BPI) chalked up P6.25 billion in net income for the first quarter, flat versus the same period last year, on higher expenses from technology investments and rollout of microfinance branches. For the first quarter, however, BPI’s net profit exceeded the P5.9-billion bottomline level both reported by industry rivals BDO […]