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Remittances likely logged double-digit increase in February

By Melissa Luz T. Lopez Senior Reporter CASH REMITTANCES sent by overseas Filipino workers (OFWs) likely surged in February to log a double-digit increase, a global bank said, following a slowdown seen as the year opened. Analysts at HSBC Global Research said remittances likely grew by 14.7% for the month, which if realized would be […] The post Remittances likely logged double-digit increase in February appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineApr 15th, 2018

Remittances may have grown 14.7% in February

British banking giant HSBC said remittances from overseas Filipino workers likely recorded a double digit increase in February......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2018

Remittances likely grew in March despite deployment ban

MONEY sent home by overseas Filipino workers (OFWs) likely kept growing in March despite a deployment ban to Kuwait, HSBC Global Research said. Remittances likely grew by 4.5% during the month, matching the pace clocked in February although slower than the 10.7% increase logged in March 2017. “We expect March remittances to rise 20.5% month […] The post Remittances likely grew in March despite deployment ban appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 13th, 2018

AUB consolidated income climbs

ASIA UNITED Bank Corp. (AUB) reported its consolidated net income went up in the first quarter on the back of double-digit growth in its core businesses. In a disclosure to the local bourse Tuesday, AUB said the lender and its subsidiaries, namely Cavite United Rural Bank and Rural Bank of Angeles in Pampanga, logged a […] The post AUB consolidated income climbs appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News17 hr. 39 min. ago

AUB’s Q1 consolidated net income grows 21%

Asia United Bank (AUB) reported its consolidated net income went up in the first quarter on the back of double-digit growth in its core lending businesses. In a disclosure to the local bourse Tuesday, May 22, the Ng-led bank and its subsidiaries, namely Cavite United Rural Bank and Rural Bank of Angeles in Pampanga, logged […] The post AUB’s Q1 consolidated net income grows 21% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 22nd, 2018

Cirtek net income up by 14% on strong revenue growth

Cirtek Holdings Philippines Corp. (CHPC) grew its net income by 14% in the first quarter of 2018, driven by a double-digit increase in revenues following the consolidation of its recently acquired firm alongside higher sales in its semiconductor unit. In a regulatory filing, CHPC reported a net income of $1.94 million in the January to […] The post Cirtek net income up by 14% on strong revenue growth appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 21st, 2018

Cebu Landmasters Q1 earnings rise 17%

CEBU Landmasters, Inc. (CLI) reported a double-digit increase in earnings for the first three months of 2018, driven by higher revenues due to the construction progress of its projects. In a statement issued Wednesday, the Cebu-based property developer said net income improved by 17% to P498.7 million in the first quarter, supported by a 14% […] The post Cebu Landmasters Q1 earnings rise 17% appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 16th, 2018

Lopez nets P1.14B

Conglomerate Lopez Holdings booked a 10-percent year-on-year increase in first quarter net profit to P1.14 billion, backed by a double-digit growth in earnings from its power generation and broadcasting businesses. Lopez Holdings' unaudited consolidated revenues increased by 8 percent year-on-year to P27.56 billion. The power generation business under First Philippine Holdings (FPH) grew first quarter net profit by 10 percent year-on-year while ABS-CBN Corp. registered a 31-percent increase in net income during the period. "Unfavorable forex (foreign exchange) movement during the period partially offset the effect of growth in the recurring earnings of the FPH group," the...Keep on reading: Lopez nets P1.14B.....»»

Category: newsSource:  inquirerRelated NewsMay 14th, 2018

Shakey’s nets P184 million, growth tempered at 6%

Full-service restaurant chain Shakey’s Pizza Asia Ventures posted a “tempered” earnings growth in the first quarter despite a double-digit sales increase......»»

Category: financeSource:  philstarRelated NewsMay 11th, 2018

Megaworld, Robinsons Land post double-digit Q1 growth

PROPERTY firms in the country registered double-digit growth for the first quarter of 2018, buoyed by the generally positive prospects of the real estate industry. Andrew L. Tan-led Megaworld Corp. posted an 11.3% increase in net income attributable to the parent to P3.2 billion during the first three months of the year, it said in […] The post Megaworld, Robinsons Land post double-digit Q1 growth appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 9th, 2018

Alliance Select generates profit for first time since 2011

ALLIANCE Select Foods International, Inc. (ASFII) generated a net profit for the first time in seven years, supported by a double-digit increase in revenues in 2017 as well as new management strategies. In a regulatory filing, the listed seafood company posted a net income attributable to equity holders of the parent of $1.44 million last […] The post Alliance Select generates profit for first time since 2011 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 27th, 2018

Condo sales lift Rockwell Land profits

ROCKWELL Land Corp. posted double-digit profit growth last year, following improved condominium sales and more project completions. In a regulatory filing, the Lopez-led company said its net income attributable to the parent stood at P2.11 billion in 2017, 16% higher than the P1.82 billion it posted in the year before. The profit increase was supported […] The post Condo sales lift Rockwell Land profits appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 17th, 2018

Overseas Filipinos’ cash remittances

OVERSEAS FILIPINO workers (OFWs) sent more money home in February than a year ago even as it was the smallest increase in three months, the central bank reported on Monday. Read the full story. The post Overseas Filipinos’ cash remittances appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 16th, 2018

Puregold earns P5.84B in 2017

By Arra B. Francia, Reporter EARNINGS of Puregold Price Club, Inc. grew by 5.7% in 2017, backed by a double-digit increase in sales from its chain of supermarkets across the country. In a disclosure to the stock exchange on Monday, Puregold said net income last year stood at P5.84 billion, higher than the P5.53 billion […] The post Puregold earns P5.84B in 2017 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 16th, 2018

Remittance growth slowest in 3 months

By Melissa Luz T. Lopez Senior Reporter OVERSEAS FILIPINO workers (OFWs) sent more money home in February than a year ago even as it was the smallest increase in three months, the central bank reported on Monday. Such remittances totalled $2.267 billion for the month, up 4.5% from the $2.169-billion inflows tallied in February 2017, […] The post Remittance growth slowest in 3 months appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 16th, 2018

Villar’s Vista Land earns P9.1B in 2017

VISTA LAND & Lifescapes, Inc. booked a double-digit growth in 2017, boosted by the expansion of its commercial leasing business alongside strong sales from its residential housing brands. The Villar-led firm reported its net income last year stood at P9.1 billion, 12% higher year on year, supported by a 13.1% increase in revenues to P36.04 […] The post Villar’s Vista Land earns P9.1B in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 4th, 2018

Q4 home price hike biggest in three quarters

HOUSE PRICES rose faster in 2017’s last three months from a year ago, marking the biggest increase in three quarters as duplex and condominium prices surged by double-digit pace, according to data the Bangko Sentral ng Pilipinas (BSP) released on Wednesday. Prices rose by 5.7% year-on-year from October to December, clocking the fastest pace since […] The post Q4 home price hike biggest in three quarters appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 29th, 2018

Jan remittances post double-digit growth

Remittances posted a strong start to 2018 with Filipinos working abroad sending home a total of $2.65 billion in January, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. The result was up 10.8 percent from a year earlier, central bank data showed, beating the 7.9-percent expansion seen in December when personal remittances hit a [...] The post Jan remittances post double-digit growth appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 16th, 2018

TRAIN boosts gov’t take in 1st 2 months

The Bureau of Internal Revenue (BIR) and the Bureau of Customs (BoC) posted double-digit increase in revenue collections in the first two months of 2018 as a result of the Tax Reform for Acceleration and Inclusion (TRAIN) law. Finance Secretary Carlos Dominguez III, in his speech during the Inter-Pacific Bar….....»»

Category: newsSource:  journalRelated NewsMar 15th, 2018

San Miguel Pure Foods earns P6.9B in 2017

SAN MIGUEL Pure Foods Company, Inc. (SMPFC) booked a double-digit increase in earnings in 2017, boosted by the strong performance of its poultry, fresh meats, and branded business segments. In a statement issued after the stock market’s close on Wednesday, SMPFC said its consolidated net income jumped 16% to P6.9 billion in 2017, following a 5% […] The post San Miguel Pure Foods earns P6.9B in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 14th, 2018

DMCI nets P14.8B

Consunji-led engineering conglomerate DMCI Holdings grew its net profit last year by 16 percent to P14.8 billion on higher earnings from its coal energy, real estate, construction and nickel mining businesses. DMCI was also able to meet its double-digit profit increase goal despite what was deemed as a "challenging year." "For 2018, our financial performance will likely be more modest because of tapering electricity rates and the unresolved issues in our nickel mining and water businesses. But we see strong growth from our coal production and real estate segments," DMCI chair and president Isidro Consunji said. For the fourth quarter of 2017 alone, DMCI's net profit rose by ...Keep on reading: DMCI nets P14.8B.....»»

Category: newsSource:  inquirerRelated NewsMar 8th, 2018