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S& P: Philippines may miss growth goal this year
S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»
JG Summit FY23 profit: P19.6-B (up 216%)
JG Summit, the Gokongwei Family’s diversified conglomerate, teased its FY23 financial results headlined by a 216% increase in the company’s net income to P19.6 billion......»»
DOJ charges 2 alleged NPA financiers with terrorism financing
According to the DOJ, the case stemmed after reports that Dumlao and Tolentino possessed firearms and ammunition without a clear source of income or apparent purpose......»»
Upson International FY23 profit: P464-M (down 13.7%)
Upson International, the IT retailer primarily operating through the Octagon retail brand, teased its FY23 financial results headlined by a 13.7% dip in net income to P464 million......»»
Upson income drops despite record revenue
Listed IT products retailer Upson International Corp. posted record high revenue in 2023 but lower gross margin and higher expenses dragged down profit for the year......»»
Dovish Powell lifts markets to historic highs
Last week, US equities reached new all-time highs, thereby lifting global stock markets. This came on the back of Federal Reserve (Fed) Chair Jerome Powell’s dovish policy statement. In that speech, Powell touted considerable progress in bringing down inflation, notwithstanding the bumps in the road toward the two percent target......»»
Tough love: La Salle captain Coronel takes De Jesus criticism in stride amid steady rise
Often the target of helpful criticism by legendary La Salle coach Ramil de Jesus, Lady Spikers captain setter Julia Coronel bravely absorbs his lessons as she leads their title defense.....»»
First Gen income up 4 percent to P15.4 billion in 2023
Lopez-led power firm First Gen Corp. grew its income by four percent to P15.4 billion in 2023, from the previous year’s profit of P14.3 billion, mainly due to contributions from its geothermal subsidiary Energy Development Corp......»»
Wilcon ramps up expansion to hit 100-store goal this year
Home improvement and construction supplies retailer Wilcon Depot Inc. is ramping up its expansion this year to hit its 100-store target......»»
Insurance penetration rate slips further to 1.6 percent
The insurance industry saw its net income rise to P48 billion last year, but its contribution to the overall economy slipped further for the second straight year to only 1.6 percent......»»
Cebu Landmasters FY23 profit: P4.6-B (up 29%)
Cebu Landmasters [CLI 2.85 unch] [link] teased its FY23 performance at an analyst briefing where it revealed full-year net income of P4.6 billion (up 29%) and total revenues of P18.8 billion (up 20%)......»»
8990 Holdings expands buyback limit to P7-B of stock
8990 Holdings disclosed that its board of directors voted to “expand” a P2 billion stock buyback program that was originally established back in 2019, which was then suspended during the pandemic to conserve cash......»»
Megawide expands portfolio of 8990 projects
Infrastructure conglomerate Megawide Construction Corp. has completed another project for mass housing developer 8990 Holdings Inc......»»
8990 bullish on growth
Mass housing developer 8990 Holdings Inc. expects to sustain its growth momentum this year following its strong performance from January to June......»»
8990 sees another banner year
8990 Holdings Inc. sees rosy prospects for the housing sector now that the economy has recovered and interest rates have improved......»»
8990 Holdings bumps up revenue, earnings in Q3
Property developer 8990 Holdings Inc. benefited from the continued easing of pandemic restrictions and the reopening of the local economy as its financial performance improved markedly in the third quarter this year......»»
8990 posts strong H1
8990 Holdings Inc., one of the country’s leading mass housing developers, expects to surpass its pre-pandemic results after its revenue and net income surged by more than 100 percent in the first half of the year......»»
8990 profit down 16% in 2020
8990 Holdings Inc., the listed mass housing company, reported a 16 percent decline in net income in 2020 to P4.8 billion......»»
8990 Holdings to sell P5-b worth of shares
Mass housing developer 8990 Holdings Inc. plans to raise up to P5 billion from a preferred shares offering......»»
Atencio buys 13% stake in Ovialand
Businessman Januario Jesus Atencio, former CEO of 8990 Holdings, is making a big comeback to the real estate scene through an equity investment in housing developer Ovialand Inc......»»