Ayala-led Integrated Micro-Electronics, Inc. (IMI) trimmed its second-quarter attributable net loss to $1.28 million from $16.91 million previously, as revenues grew by 45% despite the "persistently long lead times for semiconductor components." The company finished the April-to-June period with a topline of $319.02 million from $220.36 million the previous year. However, the latest figure is 2.6% lower than the $327.54 ...

APEX MINING Co., Inc. recorded a 9.1% year-on-year increase in its second-quarter net income attributable to parent firm equity holders to P210.05 million due to higher metal prices. The listed mining firm said in a stock exchange disclosure on Friday that its revenues for the quarter reached P1.54 billion, up 86.4%. Gold revenues accounted for P1.43 billion of the total ...

BW FILE PHOTO Holcim Philippines, Inc. posted a net income of P721.39 million in the April-to-June period, reversing its P87.71 million loss in the same period last year as sales surged following the resumption of construction activity. In a disclosure to the exchange on Friday, the company said it also recorded a 65% net sales growth in the second quarter, ...

PHILIPPINE STAR/ KRIZJOHN ROSALES President Rodrigo Duterte has restored a military pact with the US on the deployment of troops for war games, reversing a decision that had caused concern in Washington and Manila. His decision to keep the visiting forces agreement (VFA) upholds the Philippines' "strategic core interests," his spokesman Herminio L. Roque, Jr. said in a statement on ...

DFA The Department of Foreign Affairs (DFA) brought home 350 more Filipinos who got stranded in Dubai amid a coronavirus pandemic, it said in a statement on Friday. The announcement followed Foreign Affairs Secretary Teodoro L. Locsin, Jr.'s promise that DFA would use its resources to "bring them all home." All repatriates received P10 thousand in aid. They also went ...

PHILSTAR The Supreme Court (SC) has released a list of the 11 applicants vying for the associate justice position. Of the 11 applicants, two are from outside the Judiciary, namely Commission on Elections chief Antonio T. Kho, Jr. and Finance Undersecretary Antonette C. Tionko. The other applicants are Apolinario D. Bruselas Jr., Amparo M. Cabotaje-Tang, Ramon A. Cruz, Japar B. ...

A convicted drug lord has died of various illnesses, jail officials said on Friday. Vicente Sy died after a cardiac arrest while waiting to be admitted at a hospital in Muntinlupa City, the Bureau of Corrections told reporters in a VIber message. Before that, he had difficulty breathing and suffered a stroke. Mr. Sy is a witness against Senator Leila ...

BW FILE PHOTO Bank lending continued to decline for a seventh straight month in June, though the rate of decline was arrested somewhat as demand picked up with the further reopening of the economy, the central bank said. Outstanding loans issued by big banks fell 2% year-on-year to P9.095 trillion in June, according to preliminary data released by the Bangko ...

UnionBank of the Philippines, Inc. said it launched a payment acceptance hub that will allow small businesses to collect payments online. Known as UPAY, the platform allows micro-, small-, and medium-sized enterprises (MSMEs) to send links with the details of the amount to be paid. "(UPAY) provides MSMEs with the capability to send payment requests and collect payments. The gateway ...

PHILIPPINE STAR/ MIGUEL DE GUZMAN The peso rebounded against the dollar Friday and strengthened past the P50-to-the-dollar level, with investors viewing the impact of the upcoming lockdown in Metro Manila as depressing demand for dollars. The peso closed at P49.97 against its previous close of P50.305, according to the Bankers Association of the Philippines. Week-on-week, it gained 37 centavos from ...

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