MANILA, Philippines — Higher residential revenues and lower costs in the first quarter buoyed the bottom line of Vista Land and Lifescapes Inc. by 5 percent to P3.4 billion. In a stock exchange filing on Tuesday, Vista Land said revenues from real estate sales had grown by 5 percent to P5.85 billion in the January

MANILA, Philippines — The importation of milled rice to the Philippines slowed down as of late May. This was observed as local production of palay or unmilled rice slightly increased in the first quarter of this year. Data from the Bureau of Plant Industry showed that inbound grains totaled 1.7 million metric tons (MT) as

MANILA, Philippines — Looks like the Palace isn’t done cleaning house just yet. Fresh off a headline-making Cabinet reshuffle, Malacañang is now turning its sights on a new target with 168 top honchos running government-owned and -controlled corporations (GOCCs) and investment agencies. According to Biz Buzz’s well-placed source, official letters signed by Executive Secretary Lucas

MANILA, Philippines — The Securities and Exchange Commission (SEC) is intensifying its crackdown on sham investment and lending activities, with more companies having their corporate papers canceled to protect investors from fraud. In a May 16 order, the SEC Enforcement and Investor Protection Department said it had canceled the corporate registration of Cyfle OPC for

INQUIRER FILE PHOTO MANILA, Philippines — The national government recorded a budget surplus of P67.3 billion in April, surging by 57.51 percent or P24.6 billion from a year ago, as tax revenues posted stronger growth and spending slowed for the month. However, for the January to April period, the cumulative budget deficit surged by 78.98