Hey, breakfast time is a time for newspaper reading. TO me newspaper reading is a natural, easy way to incorporate a little bit of nonfiction reading into my day a habit I pickup when I was kiddos. What interest me is the world or Philippines sliding into recession ? Just a glance quite impressive for the corporate report.:-
Philippine Long Distance Telephone Company Chairman Manuel V. Pangilinan, in a press briefing in Makati City reported that the telecommunications giant has a net income of P21.7 billion in the first six months of 2010. ... Alaska Milk Corporation said its profits in the first half of the year jumped to P1.06 billion, from P623 million earned in the same period last year. ... International Container Terminal Services, Inc., in a disclosure to the Philippine Stock Exchange, reported an 83 percent jump in consolidated net income - P42.4 million - attributable to equity holders in the first-half of the year. ... ABS-CBN Broadcasting Corporation nearly tripled its first semester profit at P2.27 billion, the highest posted by the broadcasting giant in its history.
In the banking sector: Land Bank of the Philippines, the huge government-owned bank, posted a 28 percent income growth year-on-year of P4.6 billion in the first half of 2010, from the P1.95 billion income recorded the same period of 2009, as announced by Land Bank President Gilda E. Pico. ... China Banking Corporation, the country's first privately owned commercial bank, registered an 8.64 percent improvement in net income to P2.11-billion in the first half of 2010, from the P1.95 billion income recorded the same period in 2009. ... Development Bank of the Philippines reported a net income of P2.83 billion in the first half of the year, up 34 percent from P2.11 billion earnings in the same period last year. ... Rizal Commercial Banking Corporation, the flagship of the Yuchengco Group, increased its first-semester profit by 25 percent year-on-year, to P2.11 billion on a double-digit earnings from interests, fees, and treasury.
In the mining and investments industries: Philex Mining Corporation reported that its unaudited core net income rose to R983.9 million, a 3.8 percent jump, for the six months of 2010, from P948.3 million in the same period last year, as income from oil production and higher metal prices offset lower ore grades at its Padcal mine operation. ... SM Investments Corporation. This giant conglomerate has a net income of P8.5 billion for the first half of year 2010, up from P7.4 billion during the same period of 2009.
Meanwhile, the main-share Philippine Stock Exchange index is now trading at 31-month highs, gained 2.61 percent encouraged by the second-quarter corporate earnings and by exciting markets abroad. ... The local auto industry achieved a 37.2 percent rise in vehicle sales in the first seven months of the year, to 98,119 units, from 71,506 units in the same period of 2009.
