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How does LTG derive income from PNB when PNB hasn’t declared dividends?
I’m not an accountant, this is a massive generalization, and there are a lot of edge cases, but the answer is that the financial statements of subsidiary companies are consolidated at the parent company level......»»
HSBC bullish on Philippine economy
British banking giant HSBC is targeting to boost its financial services, onboard more affluent clients into its wealth management business and increase its lending capabilities in the country as it sees huge opportunities for the Philippines in the coming years......»»
HSBC bullish on Philippine economy
British banking giant HSBC is targeting to boost its financial services, onboard more affluent clients into its wealth management business and increase its lending capabilities in the country as it sees huge opportunities for the Philippines in the coming years......»»
HSBC bullish on Philippine economy
British banking giant HSBC is targeting to boost its financial services, onboard more affluent clients into its wealth management business and increase its lending capabilities in the country as it sees huge opportunities for the Philippines in the coming years......»»
Philippines FDI ‘bound to improve’ in coming years – HSBC
The Philippines would be able to attract more foreign direct investments (FDI) in the coming years amid reforms that improved the country’s business climate, HSBC Global Research said......»»
2GO fortifies fleet with new ships
Logistics giant 2GO Group Inc. has brought in a new vessel to cater to the resurgent demand for sea travel, as it plans to strengthen roll-on, roll-off (RORO) services to Visayas and Mindanao......»»
PCC reviews Ayala unit’s acquisition of North Luzon drugstore chain
PCC reviews Ayala unit’s acquisition of North Luzon drugstore chain The Philippine Competition Commission (PCC) is conducting a deeper review of the proposed acquisition by Ayala Corp.’s unit of a substantial stake in North Luzon drugstore chain St. Joseph Drugstore......»»
Vessel runs aground off Northern Samar; 71 rescued
Seventy-one people were rescued from a roll-on roll-off vessel that ran aground in the waters off Northern Samar on Sunday night......»»
Vape products to contain graphic health warnings
Just like tobacco products, e-cigarette or vape products available in the local market shall contain graphic health warnings soon, according to the Department of Health......»»
Health and Wellness Products are Booming in Cebu Amid Post-Covid Scenario
The sale of health and wellness-related products is booming in Cebu as the country continues to reel from the effects of the COVID-19 pandemic some three years ago. And this is why an exporter couple from Cebu invested in these products diversifying their existing business into a retail market for health equipment. Owners Paul and […].....»»
CCPO to launch new police unit to help hasten investigations
CEBU CITY, Philippines — The Cebu City Police Office (CCPO) will be launching a new support unit tasked with aiding general investigators at all 11 police stations in the city in conducting criminal investigations. This announcement was made by Police Lieutenant Colonel Janette Rafter, Deputy Director for Operations of the CCPO, who spoke to reporters.....»»
PLDT puts up new unit for data centers
Telco leader PLDT Inc. has formed a new unit under its technology arm, delegating it with the task of building and operating data centers......»»
Market still not conducive for IPO
PNB Holdings Corp., a wholly-owned subsidiary of the Philippine National Bank, is ready to conduct an initial public offering, according to Carlu Fernandez, Philippine Airlines’ general counsel, but market conditions are still not conducive to an IPO at this time......»»
GSIS, PNB allot P1.2 billion for affordable housing
State-run pension fund Government Service Insurance System has teamed up with Lucio Tan-led Philippine National Bank to earmark P1.2 billion to construct affordable houses and address the backlog in the country......»»
Wider margins, lower loan provisions boost PNB profit
Wider margins and lower provisioning for potential loan losses helped boost the profit of Philippine National Bank by 55 percent to P17.97 billion in 2023......»»
PNB asset sale seen to yield P5.4 billion
Philippine National Bank will raise at least P5.41 billion from the disposition and monetization of foreclosed assets in Makati, Mandaluyong and Quezon City next month......»»
New Toyota Tamaraw rolling out in Q3
Toyota Motor Philippines is planning to roll out the next generation Tamaraw in the third quarter......»»
iOS 18 Rumored to Include Slew of New AI Features for Siri and More
Apple is set to roll out new artificial intelligence (AI) features in its upcoming iOS 18 and iPadOS 18 updates, as per a recent report.....»»
World Bank pushes new agri insurance products
The Philippines needs to come up with new and better agricultural insurance products to help farmers cope with natural disasters, according to the World Bank......»»
PLDT borrows P1 billion in green loans
Telco giant PLDT Inc. has borrowed P1 billion from the green loan facility of HSBC Philippines to bankroll the expansion and upgrade of its fiber network......»»