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Headline News

LT Group profit rises 15% in 2017 lifted by PNB

2018-03-16 bworldonline
LT Group, Inc. (LTG) posted a net income of P10.83 billion in 2017, higher by 15% compared with P9.39 billion in the earlier year, with its banking unit accounting for nearly half of earnings, the listed holding firm told the stock exchange on Friday. (5-0)

LT Group net income climbs 15% in 2017

2018-03-16 bworldonline
LT Group, Inc. reported a net income of P10.83 billion in 2017, higher by 15% compared with P9.39 billion in the earlier year and with its banking unit accounting for nearly half of earnings, the listed holding firm told the stock exchange on Friday. (5-0)

LTG nets P11B

Tycoon Lucio Tan-led conglomerate LT Group Inc.’s (LTG) grew its net profit last year by 15 percent to P10.83 billion on higher earnings from its banking and tobacco businesses. (4-0)

Corporate earnings seen top of investors’ minds

2018-03-11 bworldonline
BARRING any jarring global development, investors in Philippine stocks will likely have their eyes glued to more corporate earnings data that will be released this week, analysts said over the weekend. (45-0)

Twelve Filipinos make it to Forbes billionaires club

2018-03-07 bworldonline
HENRY SY, Sr., the founder of the SM Group of Companies, was named the Philippines’ richest man for the 10th straight year, leading 11 other Filipinos in the world’s billionaires’ club, according to an annual ranking published by Forbes magazine. (49-0)

Implement solutions to decongest airports — Lacson

The implementation of proposed solutions is what is needed in solving the problem of overcrowding in the country’s airports, according to Senator Panfilo Lacson. (12-0)

Tycoons’ Manila airport bid gets challenged by $3 billion offer

2018-03-01 bworldonline
A venture of Megawide Construction Corp. and GMR Infrastructure Ltd. submitted a $3 billion proposal to upgrade and expand the Philippine capital’s 70-year-old airport, challenging a $6.7 billion bid from a group that includes billionaires John Gokongwei and Lucio Tan. (19-1)

Group taps Changi operator for airport plan

A member of the super consortium that wants to rehabilitate and redevelop the Ninoy Aquino International Airport (Naia) confirmed that they were partnering with Changi Airports International (CAI) for the project. (28-1)

Stock index pulls back on profit-taking

The local stock barometer pulled back from record highs on Wednesday as investors pocketed gains as soon as the main index neared a tough barrier at 9,000. (30-0)

Bourse pulls back from record high on profit taking

2018-01-24 bworldonline
SHARES on Wednesday ended a three-day rally that had seen the main index closing short of 9,000 the day before to mark the year’s sixth peak, as investors pocketed gains. (30-0)

South-east Asia stocks mostly up as Philippines, Indonesia hit new highs

2018-01-22 themalaymailonline
Indonesian shares extend gains into a sixth session and hit a new high led by energy stocks. — Reuters picSINGAPORE, Jan 22 — Most South-east Asian stock markets rose today with the Philippine and Indonesia indexes scaling record levels, while broader Asian equities pulled back slightly after the US government was forced to shut down. (13-0)

LT Group consolidates media duties with Publicis One Phl

2018-01-21 philstar
MANILA, Philippines — Starcom and Blue 449, a part of Publicis One in the Philippines, have been selected to handle the entire media business of LT Group Inc. comprising  Asia Brewery Inc., Tanduay Distillers, Philippine Airlines, Philippine National Bank, Eton, Agua Vida and Interbev. (4-0)

Ayala, LT Group team up for P53-B urban estate

2018-01-19 philstar
MANILA, Philippines - Ayala Corp. and the LT Group Inc. (LTG), two of the country’s biggest conglomerates,  will pour in P53 billion over the next 10 years for the development of their first ever urban estate, the 35-hectare Parklinks. (7-0)

PSE index dips, bucks regional trend

The benchmark Philippine Stock Exchange index, weighed down by profit-taking among conglomerates, sank 0.32 percent, or 28.25 points, to 8,820.74. The broader all-shares index was also down 0.11 percent, or 5.6 points, to 5,115.87. (32-0)

PSEi tracks upbeat regional markets, closes up

Riding on upbeat regional markets, the local stock barometer retested the 8,900 mark and touched new intraday highs yesterday before trimming gains at close. (21-0)