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Semirara FY23 net income down 30% to P27.9-B
Semirara Mining and Power posted an FY23 net income of P27.9 billion and a Q4 net income of P5.3 billion......»»
ACEN, Rockefeller Foundation eye first coal-to-clean energy initiative
The first coal to clean credit initiative pilot project could save up to 19 million tons of carbon emissions through the decommissioning of a coal plant, ACEN Corp. and the Rockefeller Foundation said......»»
SSS Surpass 2023 Revenue Target by 9.5%
The Social Security System (SSS) said it surpassed its revenue target for 2023, the highest revenue ever recorded according to SSS Chief Executive Officer Rolando Ledesma Macasaet. In a press release, SSS said they had initially set the revenue target for last year at Php330 billion but have achieved 9.5% more or Php362.20 billion. “Our […].....»»
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......»»
Bangsamoro dangles coal, oil investments
The Department of Energy is bidding out four pre-determined areas or coal and petroleum exploration in the Bangsamoro Autonomous Region in Muslim Mindanao (B.....»»
Envi group raises concern over Aboitiz coal expansion in Cebu
Envi group raises concern over Aboitiz coal expansion in Cebu.....»»
Biz Leaders Welcome Coal-Fired Power Plant Expansion in Toledo City to Prevent Outages
Business stakeholders in Cebu welcomed the expansion project of a coal-fired power plant in Toledo City as a way to prevent outages that happened in Aklan early this year. They said that concerns about the environment will be “outweighed” by the economic benefits that will come with more power supply considering the dwindling reserves in […].....»»
Early retirement of coal plants to significantly cut CO2 emissions
The early retirement of coal supply agreements in the Philippines is expected to significantly reduce carbon dioxide emissions, aligning the country with the objectives of the Paris Agreement......»»
DMCI Holdings net income down 20% to P24.9B as revenue drops
DMCI Holdings net income down 20% to P24.9B as revenue drops.....»»
Digital times call for digital measures
The Bureau of Internal Revenue has recognized the undeniable rise of digital commerce in the Philippines by promulgating Revenue Regulation16-2023, issued on Dec. 21, 2023, and Revenue Memorandum Circular 08-2024, issued on Jan. 15, 2024, respectively......»»
Government t sees more revenue from e-cigarette taxes
The domestic electronic cigarette and vape industry are expected to contribute in hitting the government’s revenue collection goal, as players are urged to pay the right taxes amid Filipinos’ shift to alternative smoking......»»
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......»»
LTO 7 provides free driving courses to 4,000 individuals
LTO 7 provides free driving courses to 4,000 individuals.....»»
Alan Shirahama in Cebu, the potency of pop culture’s influence in driving tourism
Alan Shirahama in Cebu, the potency of pop culture’s influence in driving tourism.....»»
‘Investment spending rebounds in 2023 4Q, driving GDP growth’
‘Investment spending rebounds in 2023 4Q, driving GDP growth’.....»»
53% drop in Davao City’s road accidents: DCPO-TEU
The Davao City Police Office-Traffic Enforcement Unit (DCPO-TEU) has reported a significant 53% decrease in road accidents during the first 16 days of 2024 compared to the same period in 2023. Deputy Chief Pcpt. Raymundo B. Bacera Jr. revealed these statistics during the ISpeak media forum, citing 213 recorded incidents in 2023, compared to only 102 in 2024. He noted a reduction in the number of vehicles involved, from 120 to 51. Human error was identified as the primary cause of accidents, accounting for 97% of cases, while vehicle defects and road defects contributed to 2% and 1% of incidents, respectively. Private vehicles were involved in 40% of the accidents, with common human errors including texting/calling while driving, overtaking, and speeding. The peak hours for accidents were identified as between 2 pm to 4 pm. Despite the implementation of the New Speed Limit Ordinance, which came into effect on January 11, 2024, Dionisio Abude, head of the City Transport and Traffic Management Office (CTTMO), emphasized that the ordinance cannot guarantee the absence of road incidents, highlighting the critical role of driver behavior and driving habits. Since the ordinance's enforcement, CTTMO and DCPO-TEU have issued citations to 730 violators, with private vehicles constituting 49% of the total, followed by motorcycles, taxis, trucks, public utility jeepneys, buses, and public utility vans......»»
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......»»
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% […].....»»
DMCI posts FY23 net income of P24.7-B (down 21%)
DMCI posted an FY23 consolidated net income of P24.7 billion, which was 21% lower than its FY22 net income of P31.2 billion......»»