GOCC handling Clark complex posts 33 percent profit drop in 2023
The state-run firm tasked to manage the Clark Civil Aviation Complex sustained a 33 percent cut to its profit in 2023, hurt by a combination of revenue decline and spending hike......»»
DMCI Holdings posts 20% profit drop in 2023
Engineering conglomerate DMCI Holdings Inc. incurred a 20 percent drop in its profit in 2023 as business took a beating from price corrections in energy and nickel prices......»»
Clark looks lifeless
Compared to the bustling areas around Clark from Mabalacat to Angeles City, Clark seems rather dead. Yet, Clark Development Corp. reports investments worth P44.4 billion in the first quarter of this year. Baka promised investments lang, yet to see the light of day......»»
Clark also being eyed as mega food complex
The Department of Trade and Industry and the Department of Agriculture have partnered with Clark International Airport to collaborate in the development of a mega food hub in Clark City......»»
GMA Network profit falls to P3.2 billion in 2023
Broadcast leader GMA Network Inc. was hit with a 42 percent decline in its profit in 2023, as the company endured a P3 billion drop in revenue in the absence of election placements......»»
GOCC subsidies down 18 percent to P164 billion in 2023
Budgetary support to state-run firms slipped to P164 billion last year amid a tight fiscal space but the health and agriculture sectors remain the priorities for subsidies......»»
Figaro quarterly profit up 7% y/y (121% q/q)
Figaro posted a Q2 profit of P195 million, up 7% from its Q2/22 profit of P182 million, and up 121% from its Q1 profit of P88 million......»»
RLC posts record P12.1 billion profit in 2023
Robinsons Land Corp. raked in a record profit of P12.06 billion in 2023 as malls gained from the recovery of consumer confidence and spending......»»
Clark Water spending P5.6 billion for freeport service upgrade
Clark Water Corp., a subsidiary of Manila Water Philippine Ventures, is spending P5.56 billion to improve its services in the Clark Freeport Zone......»»
Yokohama investing P3.5 billion to expand Clark tire plant
Japanese company Yokohama Rubber Co. Ltd. is set to spend P3.5 billion for the expansion of its tire plant in Clark, according to the Clark Development Corp......»»
BCDA sets transfer of PAF facilities to New Clark City
The Bases Conversion and Development Authority is moving forward with the P4.24 billion project to transfer the Philippine Air Force housing facilities from the Air Force City in Clark Freeport Zone to an 85-hectare property in New Clark City......»»
Philippines slightly upgrades GDP growth to 6 pct in Q3
MANILA, Jan. 30 (Xinhua) -- The Philippine Statistics Authority (PSA) on Tuesday slightly upgraded year-on-year growth of gross domestic product (GDP) for the third quarter of 2023 to 6 percent from preliminary estimate of 5.9 percent. "The major contributors to the upward revision were manufacturing, from 1.7 percent to 1.8 percent; financial and insurance activities, from 9.5 percent to 9.6 percent; and accomm.....»»
Sitoy-Cho’s lawyer says judge handling her case ‘biased’
LAPU-LAPU CITY, Cebu — The legal counsel of former Cordova Mayor Therese Sitoy-Cho described Mandaue City Regional Trial Court (RTC) Branch 55 Judge Ferdinand Tapado Rafanan as biased in handling the case of his client. Lawyer Edgar Gica also denied the allegation that his client ignored the invitation to attend an arraignment on April 23......»»
PAGSS awarded by JDL Express of China for service excellence
Jiangsu Jingdong Cargo Airlines, a subsidiary of one of the biggest freighter and cargo operators, JDL Express of China, recently awarded the Philippine Airport Ground Support Solutions, Inc (PAGSS), its Ground Handling and Cargo Handling partner in Manila. The award was given in commemoration of its successful launch and excellence in service. The said award […].....»»
AGI posts record P30.3 billion profit
Alliance Global Group Inc., the holding company of tycoon Andrew Tan, saw its profit rise by a fifth to reach record high levels in 2023 despite higher inflation, which pushed overall costs and expenses up during the year......»»
Clark airport exceeds 2023 passenger target
Clark International Airport, the alternative gateway to Metro Manila, breached its passenger target in 2023 amid the recovery of global air travel......»»
Philippines FDI net inflows drop by 29.6 pct in October
MANILA, Jan. 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines declined year-on-year by 29.6 percent in October 2023 to 655 million U.S. dollars, the country's central bank said Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the latest figure brought the country's FDI net inflows from January to October 2023 to 6.5 billion dollars, a 17.5 percent decline from the same period.....»»
Philippines inflation rate slows to 2.8 pct in January
MANILA, Feb. 6 (Xinhua) -- Year-on-year inflation in the Philippines further eased to 2.8 percent in January from 3.9 percent in December 2023, the Philippine Statistics Authority (PSA) said on Tuesday. PSA head Dennis Mapa told a press conference that the January inflation rate is the lowest since the 2.3 percent inflation rate was recorded in October 2020. In January 2023, inflation rate was 8.7 percent.....»»
EastWest Bank posts P6.1 billion in net income in 2023
EastWest Bank posts P6.1 billion in net income in 2023.....»»
Cebu-based Metro retail posts P618 million net income in 2023
Cebu-based Metro retail posts P618 million net income in 2023.....»»
SBMA posts P4B revenue in 2023
SBMA posts P4B revenue in 2023.....»»