Top Business News

San Miguel willing to buy majority stake in Subic-Clark expressway ‘if available’
[BUSINESSWORLD]AFTER DIPPING its hands into power, oil, telecommunication, and banks, food and beverage giant San Miguel Corp. is eager to add infrastructure in its diversified portfolio.
"Yes, if available," San Miguel President Ramon S. Ang said when asked if his firm was interested to acquire a majority stake in the government-owned tollway from Subic to Tarlac.
On Wednesday, San Miguel joined Metro Pacific Tollways Corp. in expressing interest to acquire a stake in the Subic-Clark Tarlac Expressway from the Bases Conversion Development Authority (BCDA).

PLDT sees higher first-half core earnings
[ABS-CBNNEWS]MANILA - Philippine Long Distance Telephone Co. (PLDT) likely posted higher core earnings in the first half of the year from last year, helped by good second quarter results of its wireless business, its president said this weekend.
"I'm not sure if it's better than the first quarter, but the trending is better than last year. And trending is about the same magnitude as the first quarter was better than the first quarter of last year," PLDT President Napoleon Nazareno said of the firm's wireless business.
Nazareno said the favourable second quarter showing of its wireless business, which included Smart Communications Inc. and Pilipino Telephone Corp. among others, should translate to better first half core earnings for PLDT against last year.
PLDT reported core earnings of P10.2 billion ($212 million) for January-March, up 9.4percent from a year earlier.