Metrobank net income grows 3 pct in 2016

METROBANK said on Feb. 24, 2017 that it posted net income of P18.1 billion in 2016, up 3 percent from the previous year, as it continued to grow its loan portfolio. The lender told the stock exchange that net loans and receivables grew 20 percent and breached the P1-trillion mark last year. Commercial loans grew […]

WV hotel room capacity up by 4%

DRIVEN by the vibrant tourism industry, hotel room capacity in Western Visayas increased by four percent last year, according to the Department of Tourism (DOT)-6. Data from DOT-6 showed that the number of existing accommodation rooms in Region 6 grew from 26,747 in 2015 to 27,831 in 2016. DOT-6 Regional Director Helen Catalbas said the […]

Australian firms favor PH as BPO destination—PIDS study

MOST Australian firms prefer the Philippines to explore offshoring opportunities, as opposed to other rival potential business process outsourcing (BPO) destinations in the region, such as India, according to a study by government think tank Philippine Institute for Development Studies. Favorable geographical time zone, highly literate workforce, and competitive labor rates are among the reasons […]

Aklan’s domestic trade hits 17,000 MT in 2016

AKLAN’S total volume of domestic trade transactions in 2016 totalled 17,231 metric tons (MT), lower by 10 percent compared to 19,177 MT in 2015. Also, the total value of commodities which flowed into the province decreased by 5 percent, from P698.7 million in 2015 to P660.5 million in 2016. Most of the transaction were traded […]