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GOCC dividends surge to P88.6B - The Manila Times

DIVIDEND remittances from state-owned firms have ballooned to almost P89 billion just a little over four months into 2024, Finance Secretary Ralph Recto said on Monday. The government was said to have collected P88.6 billion from 47 government-owned and -controlled corporations (GOCCs) as of May 6, 11 times higher than the P8 billion recorded during the same period last year. "These dividends form a major source of n.....»»

Category: newsSource:  manilanewsRelated NewsMay 8th, 2024

BFP: Over 3,000 fires recorded in first 2 months

More than 3,000 fires have been recorded in the first two months of the year, causing over P1.3 billion in damage, according to the Bureau of Fire Protection (BFP)......»»

Category: newsSource:  philstarRelated NewsMar 2nd, 2024

LTG delivers steady profit

LT Group Inc. of taipan Lucio Tan posted a slight improvement in its profit in the first quarter as strong performances from its banking and beverage units were weighed down by lower earnings contributions from other businesses......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2024

Strong residential sales, Malland Hotel revenues boost Megaworld’s Q1 profit

Strong residential sales, Malland Hotel revenues boost Megaworld’s Q1 profit.....»»

Category: newsSource:  sunstarRelated NewsMay 11th, 2024

PAL profit tumbles on price pressures

Flag carrier Philippine Airlines felt the shock of ballooning prices of fuel and services in the first quarter of the year, suffering a 13- percent drop in profit due to higher spending......»»

Category: financeSource:  philstarRelated NewsMay 2nd, 2024

LBC back to profit on cost cutting

Logistics courier LBC Express Holdings Inc. booked a profit of nearly P200 million in 2023, as it slashed business costs to offset the decrease in revenue......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

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......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024

FDC eyes return to pre-COVID-19 profit

Filinvest Development Corp., the listed conglomerate of the Gotianun family, is bullish on its growth prospects this year, with the company setting its sights on returning to pre-pandemic profit levels......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024

JG Summit core profit soars in 2023

Core earnings of conglomerate JG Summit Holdings Inc. soared in 2023 following a significant turnaround in its airline business, with Cebu Pacific returning to full-year profit for the first time since the pandemic......»»

Category: newsSource:  philstarRelated NewsMar 26th, 2024

Ayala Corp profit hits record high in 2023

Core profit of conglomerate Ayala Corp. rose by nearly half to reach record high levels in 2023 due to the strong performances of its banking, real estate and power businesses......»»

Category: financeSource:  philstarRelated NewsMar 13th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

Market succumbs to profit-taking anew

The stock market succumbed to another round of profit-taking, slumping for the second straight session......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

Market tumbles below 6,800 amid profit taking

The stock market fell below the 6,800 level yesterday as investors continued to engage in profit taking following its recent rally......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

Filipinos are Good at Being 'Resilient': Lifting the Philippines out of Poverty with Sam Tamayo s non-profit Project SMILE

Sabrina (Sam) Tamayo founded her non-profit, Project SMILE, in the Philippines in 2018. Her organization helps people of various ages and professions rise out of poverty and follows an inspiring mantra of starting small and building a reliable impact. In this interview she discusses human rights, the UN's Sustainable Development Goals, and various aspects of life in the Philippines......»»

Category: newsSource:  manilanewsRelated NewsJan 21st, 2024

J-K Bank Q3 net profit up 35 pc to Rs 421 cr, 9-month net jumps 57 pc

Srinagar (Jammu and Kashmir) [India], January 20 (ANI): Jammu and Kashmir bank net profit rose 35 per cent year-on-year (YoY) to Rs 421.08 crore for the October-December Quarter (Q3FY 2024) when compared to Rs 311.59 crore registered for the same period last fiscal, an official release said. According to the release, the bank announced the results today after its Board of Directors reviewed and approved the numbers for Q3.....»»

Category: newsSource:  philippinetimesRelated NewsJan 21st, 2024

Filipinos are Good at Being 'Resilient': Lifting the Philippines out of Poverty with Sam Tamayo s non-profit Project SMILE

Sabrina (Sam) Tamayo founded her non-profit, Project SMILE, in the Philippines in 2018. Her organization helps people of various ages and professions rise out of poverty and follows an inspiring mantra of starting small and building a reliable impact. In this interview she discusses human rights, the UN's Sustainable Development Goals, and various aspects of life in the Philippines......»»

Category: newsSource:  philippinetimesRelated NewsJan 21st, 2024

J-K Bank Q3 net profit up 35 pc to Rs 421 cr, 9-month net jumps 57 pc

Srinagar (Jammu and Kashmir) [India], January 20 (ANI): Jammu and Kashmir bank net profit rose 35 per cent year-on-year (YoY) to Rs 421.08 crore for the October-December Quarter (Q3FY 2024) when compared to Rs 311.59 crore registered for the same period last fiscal, an official release said. According to the release, the bank announced the results today after its Board of Directors reviewed and approved the numbers for Q3.....»»

Category: newsSource:  manilanewsRelated NewsJan 20th, 2024

DigiPlus Q1 profit: P2.0-B (up 370%)

DigiPlus Interactive reported a Q1 net income of P2.0 billion, up 370% y/y from its Q1/23 net income of P0.4 billion......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

Alliance Global Posts Record-Breaking P30-B Net Income in 2023

Alliance Global Group, Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, achieved a record-breaking net income of P30.3 billion, up 20% year-on-year despite higher inflation, which pushed overall costs and expenses up during the period. Attributable net profit stood at a new high of P19.6 billion, reflecting a 21% increase from the […].....»»

Category: newsSource:  metrocebuRelated NewsApr 18th, 2024

Vista Land FY23 profit: P10.3-B (up 39%)

Vista Land and Lifescapes posted an FY23 net income of P10.3 billion, up 39% from its FY22 net income of P7.4 billion......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2024