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Tag Archives: 2016

Study: PH visitors from ASEAN countries declined in 2016

It’s been over a year since the creation of the ASEAN economic community. But for the tourism industry, the benefits have yet to be felt. – ANC, Business Nightly, April 7, 2017 Let’s block ads! (Why?) Business

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Economic growth in 2016 revised higher to 6.9 pct

MANILA – The economy grew 6.9 percent last year, the statistics agency said on Thursday, confirming the quickest pace of growth in three years and a touch faster than the previously announced 6.8 percent. The revision followed changes to data ...

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Dylan the Enigmatic accepts 2016 Nobel prize at last

Bob Dylan, seen here in a file picture, was in Stockholm this weekend where he finally accepted his Nobel literature prize in a meeting with the Swedish Academy. Christopher Polk, AFP STOCKHOLM – After months of uncertainty and controversy, Bob ...

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SM Investments says 2016 net income up 8 pct

MANILA – SM Investments Corp. said Wednesday its net income grew 8 percent in 2016 on the back of strong revenues in retail and property. The company said last year’s net income increased to P31.2 billion as consolidated revenues grew ...

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Semirara says 2016 net income hit record P12-B

MANILA – Semirara Mining and Power Corp. said Friday its net income hit an all-time high of P12 billion in 2016, driven by higher coal and power sales. The company said last year’s net income was 42 percent higher than ...

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Jollibee net income up 24.6 pct in 2016

MANILA – Jollibee Foods Corp. said Tuesday net income grew 24.6 percent in 2016, as it opened the most number of new stores in company history. The country’s largest fastfood operator said net income attributable to shareholders reached P6.14 billion ...

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China's solar power capacity more than doubles in 2016

Workers walk past solar panels in Jimo, Shandong Province, China, April 21, 2016. China Daily/via Reuters China’s installed photovoltaic (PV) capacity more than doubled last year, turning the country into the world’s biggest producer of solar energy by capacity, the ...

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Toyota loses top-selling automaker crown in 2016

Toyota lost its crown as the world’s top-selling automaker in 2016, company figures showed Monday, with the Japanese giant overtaken by Volkswagen as the industry prepares for an uncertain trade environment under Donald Trump. The German automaker moved back into ...

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UnionBank posts record P10.1-B profit in 2016

MANILA – UnionBank of the Philippines said Monday it posted record profits in 2016, driven by growth in its business segments. The bank posted consolidated net income of P10.1 billion last year, up 67 percent from the P6 billion posted ...

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'Heneral Luna,' Star Cinema lead 2016 Luna Awards nominations

MANILA – John Lloyd Cruz, John Arcilla, and JM de Guzman were among the nominees for the 34th Film Academy of the Philippines’ Luna Awards, which were announced Monday. The historical biopic “Heneral Luna” topped all film nominations with 11, ...

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