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ABS-CBN focusing on ‘core capabilities’ despite ‘difficult journey’ ahead: CEO

Jessica Fenol, ABS-CBN News
Posted at Sep 24 11:03 AM

ABS-CBN Corp. is committed to finding new ways to serve Filipinos by focusing on "core capabilities” despite the denial of its franchise, said president and CEO Carlo Katigbak on Thursday as the company hopes to emerge from the crisis "better, stronger and more successful."   Read more »

7-Eleven says using 'data-based steps' to reach consumers, stays 'cautiously optimistic'

ABS-CBN News
Posted at Aug 14 12:08 PM

Philippine Seven, operator of 7-Eleven in the country, said Friday it remains "cautiously optimistic" despite the pandemic as it prepares data-based steps to reach consumers. Read more »

Cebu Pacific net loss widens in H1 due to pandemic

ABS-CBN News
Posted at Aug 13 10:29 AM

Cebu Pacific Air said Wednesday it remains "resilient" despite the adverse impact of the COVID-19 pandemic after its net loss for the first half reached over 200 percent. Read more »

Jollibee incurs P10 billion net loss in Q2 as pandemic bites

ABS-CBN News
Updated as of Aug 05 12:09 PM

Jollibee Foods Corp said Wednesday it incurred a net loss of P10.2 billion for the second quarter as system wide sales fall as the global population shelters from the coronavirus pandemic.   Read more »

Japan's ANA logs record quarterly $1 billion loss on pandemic

Agence France-Presse
Posted at Jul 29 05:08 PM

Japanese airline ANA Holdings said Wednesday it saw a record quarterly loss worth one billion dollars as the coronavirus continues to hammer the global aviation industry with no clear end in sight. Read more »

Mitsubishi Motors expects biggest loss in 16 years amid pandemic

Kyodo News
Posted at Jul 28 02:38 AM

Mitsubishi Motors Corp. said Monday it is expecting a group net loss of 360 billion yen ($3.4 billion) for the current business year through March, its biggest loss in 16 years, due to slowing global sales following the novel coronavirus pandemic. Read more »

Max's Group freezes rollout of new stores as lockdown losses bite

ABS-CBN News
Posted at Jun 10 09:16 AM

Max's Group said Wednesday it put on hold roll-out plans for new stores this year due to losses from the coronavirus lockdown. Read more »

Jollibee posts net loss in Q1 due to coronavirus, sees 'slow' recovery

ABS-CBN News
Posted at May 28 08:58 AM

Jollibee said Thursday it suffered nearly P1.8 billion in losses in the first 3 months of the year due to the COVID-19 pandemic, which are expected to widen in the second quarter as the full effect of global lockdowns is reflected. Read more »

Petron suffers P4.9 billion net loss as pandemic lockdowns sap demand

ABS-CBN News
Updated as of Jun 05 05:01 PM

Petron Corp said it suffered a net loss of P4.9 billion in the first 3 months of the year, as the COVID-19 pandemic and resulting global lockdowns sapped demand and caused crude prices to plummet. Read more »

COA worried about PhilHealth sustainability over P4.75-billion net loss

Adrian Ayalin, ABS-CBN News
Posted at Jul 26 06:59 PM

MANILA - The Commission on Audit (COA) has raised concerns over the sustainability of funds of the Philippine Health Insurance Corporation (PhilHealth) after the agency posted a net loss of P4.75 billion in 2017. Read more »