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Philippine Bank of Communications profit climbs 16.3 percent to P1.9 billion in 2023
Lucio Co’s Philippine Bank of Communications (PBCom) grew its income by 16.3 percent to P1.9 billion in 2023 from P1.6 billion a year earlier, mainly due to higher operating income from better trading performance......»»
BDO profit climbs to P18.5 billion in Q1
The net income of BDO Unibank Inc. rose by 12.2 percent to P18.5 billion in the first quarter from P16.5 billion in the same period last year on the back of sustained growth across its core businesses......»»
Apex Mining profit grows 2% to P3.4 billion
Razon-led Apex Mining Co. Inc. grew its net income by two percent to P3.41 billion in 2023 from P3.34 billion in 2022 on the back of higher revenue brought about by better metal prices......»»
First Gen income up 4 percent to P15.4 billion in 2023
Lopez-led power firm First Gen Corp. grew its income by four percent to P15.4 billion in 2023, from the previous year’s profit of P14.3 billion, mainly due to contributions from its geothermal subsidiary Energy Development Corp......»»
Shell Pilipinas profit tumbles to P1.2 billion in 2023
The earnings of Shell Pilipinas Corp. plunged by 70.7 percent to P1.2 billion in 2023 from P4.1 billion in 2022 on the back of declining global fuel prices and elevated interest rates......»»
Jollibee FY23 profit: P8.8-B (up 16%)
Jollibee posted an FY23 net income attributable of P8.8 billion, up 16% from its FY22 net income of P7.6 billion. Systemwide sales were up 16.3% to P345 billion, with the biggest growth coming from China (+21.9%), the Philippines (+17.6%) and EMEA (+16.0%)......»»
EastWest Bank profit hits P6.1 billion
Gotianun-led EastWest Banking Corp. saw its net income jump by 32 percent to P6.1 billion in 2023 from P4.6 billion in 2022 on the back of double-digit growth in loan portfolio and stable funding sources......»»
UnionBank profit down 28 percent to P9.2 billion in 2023
The earnings of Union Bank of the Philippines dropped by 27.8 percent to P9.2 billion in 2023 from P12.74 billion in 2022, as the listed bank booked higher provisioning and integration costs from the takeover of the retail banking business of global banking giant Citi in the Philippines......»»
Mining groups launch video documentary
Various mining groups have launched an award-potential documentary to reinforce public awareness of responsible mining practices in the Philippines......»»
Kapitolyo mipahunong sa dolomite mining sa Alcoy
Kapitolyo mipahunong sa dolomite mining sa Alcoy.....»»
Central Visayas mining companies collect 3,000 kilos of trash on Earth Day
Central Visayas mining companies collect 3,000 kilos of trash on Earth Day.....»»
Indigenous people criticize business as usual mining practices
BRASILIA, Brazil - Indigenous representatives from 35 countries issued a declaration Thursday criticizing the fact that they are too rarely consulted about mining that takes place on or near their lands, an issue that has become more acute with increased demand for minerals needed in the transition to a cleaner energy system.'We recognize and support the need to end fossil fuel reliance and shift to renewable en.....»»
Philippines rescuers find girl alive 60 hours after landslide - Philippines
Three-year-old has given fresh hope of finding more survivors in a gold-mining village where death toll has climbed to 27 The rescue of a child nearly 60 hours after a landslide hit a gold-mining village in the southern Philippines has been hailed as a miracle after searchers had given up hope of finding more survivors. The girl, who the Philippine Red Cross said was three years old, had been among scores of people missin.....»»
DENR: Review of mining rules underway
The DENR said it welcomes the calls of Sen. Risa Hontiveros to conduct an investigation into the environmental and social impacts of mining and quarrying, and to address the shortcomings in policies related to extraction of natural resources. .....»»
3 dead, 7 missing in Toledo City mining pit collapse
TOLEDO CITY, Cebu — Three individuals were confirmed dead while seven others have remained missing following a landslide at the mining pit of the Carmen Copper Corporation in Toledo City in midwestern Cebu on Monday afternoon. Personnel of the City Disaster Risk Reduction and Management Office (CDRRMO) have been conducting search and rescue operations since […].....»»
Government to issue guidelines for faster mining permits
The government is expected to issue the guidelines for streamlining the processing of mining permits within the year......»»
DENR, mining firm ink accord to rehabilitate Agusan Sur riverbank
BUNAWAN, Agusan del Sur (MindaNews / 8 March) – The Department of Environment and Natural Resources (DENR) and the Philsaga Mining Corp. (PMC) have agreed to rehabilitate a riverbank to provide easier access to the globally acclaimed Agusan Marsh Wildlife Sanctuary (AMWS) located in Lake Panlabuhan, Loreto town in Agusan del Sur. They signed on […].....»»
DOF mulls mining tax tweaks for royalties, windfall profits
The Department of Finance is pushing for higher rates and fewer tiers in taxing the extractive sector, but the mining industry argued that the proposed structure would make the sector more uncompetitive......»»
‘Mining should be part of government priority projects’
The government should include mining in its investment priority projects and extend more fiscal incentives to further attract investments in the sector, according to the Chamber of Mines of the Philippines......»»
‘Suspend all mining ops’: Groups demanding accountability for Masara landslide
SEVERAL progressive groups gathered at Roxas Avenue in Davao City on February 20, 2024, aiming to hold a prominent mining company accountable for a significant landslide incident in Masara, Municipality of Maco, Davao de Oro......»»