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PSE net income declines by 40% in Q1

THE Philippine Stock Exchange, Inc. (PSE)’s net income fell by 40% in the January to March period, due to lower listing-related fees and higher expenses after its transfer to Bonifacio Global City (BGC). In a regulatory filing, the bourse operator said net income dropped to P93.85 million in the first quarter of the year, from […] The post PSE net income declines by 40% in Q1 appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineMay 17th, 2018

Universal Robina Corp. profit declines to P7 billion in 9 months

Universal Robina Corp., the listed consumer foods giant of the Gokongwei family, reported a 17 percent decline in net income to P7 billion in the first nine months......»»

Category: financeSource:  philstarRelated NewsOct 25th, 2018

High prices pull down Duterte approval, trust ratings

Gut issues are pulling down the approval and trust ratings of President Rodrigo Duterte. His approval and trust ratings saw double-digit declines early this month, plunging to their lowest levels, as soaring prices of basic commodities hurt consumers, especially the poor, who spend a big part of their income on food. Results of a Pulse Asia survey released on Tuesday showed the President's approval and trust scores declining 13 points and 15 points, respectively, although a majority of Filipinos still approve of his work and expressed trust in him. The President's approval rating stood at 75 percent and trust rating at 72 percent, both his lowest since September 2016. His...Keep on reading: High prices pull down Duterte approval, trust ratings.....»»

Category: newsSource:  inquirerRelated NewsSep 26th, 2018

PSE net income declines by 40% in Q1

THE Philippine Stock Exchange, Inc. (PSE)’s net income fell by 40% in the January to March period, due to lower listing-related fees and higher expenses after its transfer to Bonifacio Global City (BGC). In a regulatory filing, the bourse operator said net income dropped to P93.85 million in the first quarter of the year, from […] The post PSE net income declines by 40% in Q1 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 17th, 2018

SBS Philippines profit declines in first quarter

SBS Philippines Corp saw its profit decline by a third in the first quarter of 2018, following higher finance costs and its share in the losses of associates. In a statement issued Tuesday, SBS said it generated a net income of P18.6 million in the January to March period, P8.6 million lower than what it […] The post SBS Philippines profit declines in first quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 15th, 2018

Lopez Holdings income declines 36% in 2017

THE absence of one-time gains that inflated profits in 2016 dragged earnings Lopez Holdings, Inc. last year. In a disclosure to the stock exchange on Tuesday, the holding firm of the Lopez family said its net income attributable to equity holders reached P4.225 billion last year, down 36% from the P6.557 billion reported in 2016.… link: Lopez Holdings income declines 36% in 2017.....»»

Category: newsSource:  manilainformerRelated NewsApr 18th, 2018

Lopez Holdings income declines 36% in 2017

THE absence of one-time gains that inflated profits in 2016 dragged earnings Lopez Holdings, Inc. last year. In a disclosure to the stock exchange on Tuesday, the holding firm of the Lopez family said its net income attributable to equity holders reached P4.225 billion last year, down 36% from the P6.557 billion reported in 2016. […] The post Lopez Holdings income declines 36% in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 17th, 2018

Cebu Air profit declines 19% on higher fuel prices

CEBU AIR, Inc. saw its net income fall 19% to P7.91 billion in 2017, as expenses rose on higher fuel prices and the peso’s depreciation against the US dollar. In a regulatory filing, the listed operator of budget carrier Cebu Pacific said revenues went up 9.9% to P68.03 billion for the year ending Dec. 31, […] The post Cebu Air profit declines 19% on higher fuel prices appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 27th, 2018

EDC profit declines 4% in 2017

ENERGY DEVELOPMENT Corp. (EDC) posted a net income of P8.8 billion in 2017, down 4% from the previous year, after the twin impact of the typhoon and earthquake that hit Leyte island, the Lopez-led company told the stock exchange. “Our Leyte unit, which generated almost 45% of our revenues in 2016, was on track for […] The post EDC profit declines 4% in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 1st, 2018

Lopez Holdings income declines in 3rd quarter

LOPEZ HOLDINGS Corp. suffered a 52% drop in third-quarter net income attributable to the parent firm’s equity holders to P1.41 billion from P2.92 billion in the same quarter last year, its financial report to the stock exchange shows. This came despite a 23.2% rise in revenues during the quarter to P26.46 billion, which was outpaced […] The post Lopez Holdings income declines in 3rd quarter appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsNov 17th, 2017

Lopez-led First Gen Q3 profit declines

FIRST GEN Corp. posted $42.81 million in third-quarter net income attributable to equity holders of the parent firm, down 29% from $60.68 million in the same period last year, the Lopez-led company told the stock exchange. “Despite the recent calamities like the Batangas and Leyte earthquakes which negatively affected the operations of our gas plants […] The post Lopez-led First Gen Q3 profit declines appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 13th, 2017

Finance: BPI's net income declines 7.7% in first semester

BANK of the Philippine Islands (BPI) reported a lower net income as of end-June following one-off gains from the sale of securities a year ago, coupled with higher operating costs as the lender spent more for technology upgrades......»»

Category: newsSource:  philstarRelated NewsAug 3rd, 2017

Meralco’s 9-month profit declines to P15.7 billion

Amid continuing robust sales growth, the net income of Manila Electric Company (Meralco) in nine months this year had been down 3.0-percent to P15.676 billion from last year’s P16.149 billion......»»

Category: newsSource:  mb.com.phRelated NewsOct 24th, 2016

Finance: Insurance firms' total premium income declines

THE INSURANCE industry saw its total premium income decline in the first half of the year as persisting market volatility prompted clients to invest cautiously, the head of the Insurance Commission (IC) said......»»

Category: financeSource:  bworldonlineRelated NewsAug 25th, 2016

Index dives as investors unload select blue chips

The stock market plunged yesterday as index heavyweights SM Prime Holdings and Ayala Corp. suffered heavy declines amid developments that affected their respective share prices......»»

Category: financeSource:  philstarRelated News5 hr. 22 min. ago

Ex-military comptroller, wife acquitted in P400-M tax evasion case

MANILA, Philippines --- The Court of Tax Appeals (CTA) has acquitted former military comptroller Jacinto Ligot and his wife Erlinda in a P400-million tax evasion case. "After careful consideration of the testimonial and documentary evidence presented by both parties, the Court finds that the prosecution was not able to prove the guilt of the accused spouses Ligot beyond reasonable doubt," the CTA's Third Division said in its 83-page ruling. The Ligots are facing cases for violation of the National Internal Revenue Code of 1997 for failure to supply correct and accurate information in their joint Income Tax Return (ITR) for the taxable year 2001 and for failure to report in their in...Keep on reading: Ex-military comptroller, wife acquitted in P400-M tax evasion case.....»»

Category: newsSource:  inquirerRelated News10 hr. 10 min. ago

Market tumbles; Ayala declines

Market tumbles; Ayala declines.....»»

Category: financeSource:  thestandardRelated News10 hr. 43 min. ago

Roxas Holdings reports lower profit in 2018

ROXAS Holdings, Inc. (RHI) reported its attributable net income dropped 60% in 2018, as gross income fell and interest expenses increased......»»

Category: financeSource:  bworldonlineRelated NewsJan 15th, 2019

Roxas says & lsquo;18 income down 54% to P54.6 million

Roxas says & lsquo;18 income down 54% to P54.6 million.....»»

Category: financeSource:  thestandardRelated NewsJan 15th, 2019

Uneasy twosome: Golf and politics at Saudi Arabia tournament

By Doug Ferguson, Associated Press Golf usually isn't all that complicated for Dustin Johnson. He decides where he's going to play and tries to post the lowest score. The newest addition to his schedule involved a little more than that. Johnson is among several of golf's biggest stars who are scheduled to play the Saudi International at the end of the month. Johnson and Masters champion Patrick Reed were among the first to sign up last April for the European Tour event, long before Saudi Arabia came under even greater scrutiny over the killing of journalist Jamal Khashoggi. Johnson said he talked to his corporate sponsors to make sure they didn't have a problem with him playing. He will be joining a field that features Justin Rose, Brooks Koepka and Bryson DeChambeau — that makes four of the top five players in the world ranking — at Royal Green Golf and Country Club on Jan. 31. "Obviously, that was a concern with our team," Johnson said. "I'm going over there to play a sport I'm paid to play. It's my job to play golf. Unfortunately, it's in a part of the world where most people don't agree with what happened, and I definitely don't support anything like that. I'm going to play golf, not support them. "I'm not a politician. I play golf." He also said it might have been a tougher decision if not for so many others going. Along with four of the top five in the world, the Saudi International includes the last two Masters champions — Reed and Sergio Garcia — and former British Open champion Henrik Stenson. "I think any time we're trying to grow the game and expose the game in a positive way, that's what we're trying to do," said DeChambeau, a four-time winner on the PGA Tour last year. "I don't think it's a bad decision as long as they want us there. That's what I've heard — they want us there. And they want to have a little bit more exposure in the game of golf. And that's what I'm trying to do." It's not all goodwill, of course. The purse is $3.5 million, though the primary income for these players is appearance money, likely to be in the $1 million range for the biggest names. That's common for some European Tour events, especially early in the year in the Middle East, which hosted its first golf tournament in Dubai in 1989 and now has six on the Arabian Peninsula. Johnson and Koepka start their journey this week at the Abu Dhabi HSBC Championship, an event that in years past has featured top players like Tiger Woods, Rory McIlroy and Phil Mickelson. Saudi Arabia's human rights record has come under intense scrutiny since the killing in October of Khashoggi, who wrote critically of Crown Prince Mohammed bin Salman in columns for The Washington Post. He had been living in self-imposed exile before he was killed and dismembered inside the Saudi Consulate in Istanbul, according to Turkish media and officials. European Tour chief executive Keith Pelley deflected concerns when he introduced the Saudi International to the schedule in November. "As like many global companies, we monitor the situation in the areas countries, areas we play and the viability of the golf tournament, and I can simply say that the Saudi International is on our schedule in 2019," Pelley said. "And I really don't have anything more to add than that." Among those not going is Paul Casey, who last April was listed as "confirmed" for the tournament with Johnson and Reed. He says that was never the case, only that he had entertained the idea of going. "But there were a lot of questions," Casey said. "Do I want to go to Saudi? That was the main question." There also was the matter of Casey being an ambassador for UNICEF, with the logo on his golf bag. "There are a lot of places in the world that I have played and continue to go, which you could question ... some human rights violations that governments have committed," he said. "I thought I'd sit this one out." PGA Tour Commissioner Jay Monahan has granted releases for his members to play the tournament, held the same week as the Waste Management Phoenix Open. He said the U.S. tour's only involvement was making sure the trip was safe for its players. "Those are all terrible things that have happened, and that's what gives us concern about our players' safety," Monahan said about recent developments in Saudi Arabia. "Our players are independent contractors. Ultimately, they're going to make their own choice. Our job is to make them as informed as they can be." Koepka, who won two majors last year and was the PGA Tour player of the year, also said he received no pushback from his sponsors. Like Johnson, it was another offer to play golf in a new spot. The PGA Tour runs a developmental tour and sponsors a World Golf Championship event in China. The European Tour has had Turkey on the schedule since 2013. "People are always going to have different views on politics wherever you go," Koepka said. "All these places, there's a bit of conflict if you want to get into it. I'm not going to get into it. It's going to be an unbelievable field of golf there. Hopefully, you can spread some goodwill through golf when you're there.".....»»

Category: sportsSource:  abscbnRelated NewsJan 15th, 2019

Revolutionizing tax filings and payments

Low tax rates can mean high revenue collections if implemented and administrated correctly. But to do that, the taxes first need to actually be collected. Based on the BIR’s 2017 Annual Report, most of the tax collections for individuals came from withholding taxes on wages. Of the P390.85 billion collected from individuals, P317.74 billion came from the withholding tax on compensation income earners......»»

Category: financeSource:  bworldonlineRelated NewsJan 14th, 2019