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Megaworld Hits Record Financial Performance in 2023, Income up 26% to P19.4 Billion
Megaworld Corporation, the country’s premier township developer, achieved a landmark milestone in its financial performance for the year 2023 as its full-year net income surged by 26% to P19.4 billion. Its consolidated revenues, on the other hand, rose by 17% to P69.7 billion. Net income attributable to the parent company’s shareholders also jumped by 29% […].....»»
GSIS income rises to P37 billion in January-March
The Government Service Insurance System saw its net income jump by 20 percent to hit P37 billion during the first quarter on the back of strong revenues from financial assets and investments......»»
DOF drops income tax hike for dividend income
The Department of Finance revised the proposed Passive Income and Financial Intermediary Taxation Act to drop a planned increase in the income tax rate for dividend income......»»
Tax revenues jump to P3.4 trillion
The country’s tax revenues rose by five percent to hit P3.38 trillion as the government ramped up its tax administration and digitalization program......»»
RLC s net income hits all-time high to P12.06B in 2023
RLC s net income hits all-time high to P12.06B in 2023.....»»
EastWest Bank profit hits P6.1 billion
Gotianun-led EastWest Banking Corp. saw its net income jump by 32 percent to P6.1 billion in 2023 from P4.6 billion in 2022 on the back of double-digit growth in loan portfolio and stable funding sources......»»
SSS net income soars to all-time high of P83B in 2023
MANILA, Philippines —The Social Security System (SSS) posted a net income of P83.13 billion in 2023, exceeding by 62.8 percent its target of P51.06 billion for the year and the highest attained so far by the state pension fund. Based on its unaudited financial statement, the SSS said the 2023 bottom line market a big jump.....»»
Local art gallery provides ‘jump-off point’ for homegrown artists
Local art gallery provides ‘jump-off point’ for homegrown artists.....»»
MacroAsia FY23 profit: P1.1-B (up 132%)
MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»
MacroAsia FY23 profit: P1.1-B (up 132%)
MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»
DigiPlus revenues and profits exploded in FY23
DigiPlus declared a cash dividend of P0.18/share (1.8% yield) and teased that its FY23 net income of P4.1 billion, an outrageous 596% increase over its FY22 net income......»»
SM Investments FY23 net income up 25% to P77-B
SM Investments teased its FY23 results with a headline 25% improvement in its net income to P77.0 billion, backed by an 11% increase in consolidated revenues and strong performances across its portfolio, particularly in the banking and property development segments......»»
RCBC income hits all-time high in 2023
Rizal Commercial Banking Corp. grew its net income by 15 percent to hit a record P12.22 billion in 2023, fueled by faster-than-industry loan and deposit growth......»»
La Union posts P1 billion in tourism revenues
The provincial government of La Union recorded P1.04 billion in tourism revenues last year......»»
Pampanga records P1B quarry revenues in 2023
Pampanga records P1B quarry revenues in 2023.....»»
BOC rakes in P73 billion in revenues in January
The Bureau of Customs is off to a good start this year after it collected P73 billion in revenues in January on enhanced valuation and improved trade facilitation......»»
PHL gross gaming revenues breach P200B in 2 straight years
PHL gross gaming revenues breach P200B in 2 straight years.....»»
Gaming revenues beat target, hit record P285 billion in 2023
The local gambling industry continued to take advantage of increased operational capacity, with its gross gaming revenues exceeding targets and hitting a record P285 billion in 2023......»»
Beyond the Raise: Mastering Financial Prosperity Post-Income Boost
Are you still feeling broke even if you already had a salary increase or a new stream of income? You are not alone. Feeling broke can sometimes not be just not a feeling — it can be your real situation. Feeling broke despite an increase in income can be caused by different factors, which include […].....»»
Philippines upper middle-income status seen to boost insurance penetration
Higher insurance penetration hinges on the country’s ability to reach upper middle-income status as Filipinos’ disposable income remains limited amid the high cost of basic goods and services......»»