by ev3v4hn | Aug 6, 2020 | Business News
BAGUIO CITY –– The shuttering of businesses in Baguio City and Benguet province has cost power utility Benguet Electric Cooperative (Beneco) as much as P126 million in foregone revenues since March when Luzon was locked down to prevent the spread of the coronavirus disease (COVID-19). “We deferred some projects and concentrated on maintenance work,” to […]
by ev3v4hn | Aug 1, 2020 | Business News
Gokongwei-led multibrand retailer Robinsons Retail Holdings Inc. (RRHI) saw a 33.2-percent year-on-year decline in second quarter net profit to P719 million with sales weighed down by the shutdown of most stores in line with the government-sanctioned quarantine...
by ev3v4hn | Jul 20, 2020 | Business News
MANILA, Philippines — The amount spent by the government to build infrastructure during the first five months declined 12.2 percent year-on-year to P235.2 billion as construction of public projects stopped at the height of the COVID-19 quarantine which was said to be...
by ev3v4hn | Jul 15, 2020 | Business News
Empire East president and CEO Atty. Anthony Charlemagne Yu Residential property developer Empire East has generated P2.4 billion in reservation sales since March 17 this year despite the lockdown measures that were imposed by the government to curb the coronavirus...
by ev3v4hn | Jul 8, 2020 | Business News
MANILA, Philippines – Bank loans grew at a slower pace in May as the Philippine government’s quarantine measures meant to slow the spread of the coronavirus pandemic prevented more fresh credit from being underwritten despite lower interest rates, according to the...
