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Bloomberry ends dispute with GGAM

Subsidiaries of Enrique Razon’s Bloomberry Resorts Corp. have ended their decade-long dispute with casino management firm Global Gaming Philippines LLC, reaching a universal settlement which includes a $300 million special block sale......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

Bloomberry open to selling Korean casino resort interests

Bloomberry [BLOOM 11.22 ?3.4%] [link] issued a clarification to a Biz Buzz article to say that it is “open to the possibility of selling its interest in Jeju Sun Hotel and Casino”, but that there is “no imminent deal with respect to [its] sale”......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

MPIC earnings surge 30% to P5.6 billion in Q1

Core earnings of conglomerate Metro Pacific Investments Corp. soared by 30 percent to a record high of P5.6 billion in the first quarter on strong performances by its business units......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

Pagcor earnings hit P25 billion in Q1

The earnings of state-run Philippine Amusement and Gaming Corp. (PAGCOR) soared by 43 percent to P25.2 billion in the first quarter, driven by the electronic games sector......»»

Category: financeSource:  philstarRelated NewsApr 28th, 2024

Petron reports 51 percent jump in 2023 earnings

The earnings of Petron Corp. jumped by 51 percent to P10.1 billion in 2023 from P6.7 billion in 2022, fueled by its wide presence and effective volume-generations strategies in the Philippines and Malaysia......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

Lower table revenues pull down Bloomberry earnings

The earnings of Enrique Razon’s Bloomberry Resorts Corp. declined by 11 percent to P2.6 billion in the first quarter amid lower VIP and mass table revenue......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2024

SM conglomerate optimistic on growth prospects for 2024

Conglomerate SM Investments Corp. of the Sy family is cautiously optimistic for 2024, but remains committed to stay on growth mode after solid contributions from its core businesses and higher earnings contribution from portfolio investments, which lifted earnings by a quarter to P77 billion in 2023......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

Robinsons Retail core earnings slightly up in 2023

Core earnings of Gokongwei-owned Robinsons Retail Holdings Inc. increased by 0.6 percent to P5.59 billion in 2023......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

Bloombery ends dispute with GGAM

Subsidiaries of Enrique Razon’s Bloomberry Resorts Corp. have ended their decade-long dispute with casino management firm Global Gaming Philippines LLC, reaching a universal settlement which includes a $300 million special block sale......»»

Category: financeSource:  philstarRelated NewsMar 19th, 2024

Bloomberry opens Quezon City casino in May

The company’s financial and operating results for 2023, “reflect a resilient Philippine economy amid a challenging global economic landscape,” Razon said......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

First Gen income drops to P4.5 billion

The profit of Lopez-led power firm First Gen Corp. declined by nine percent to P4.5 billion in the first quarter from a year-ago level of P4.9 billion on the back of lower earnings from its geothermal and natural gas units......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

Petron earnings grow 16 percent to P3.9 billion in Q1

The net income of Petron Corp. went up by 16 percent to P3.93 billion in the first quarter from P3.4 billion in the same quarter last year on the back of higher sales volume......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2024

Chinabank profit jumps 18 percent to P5.9 billion

The earnings of China Banking Corp. grew by 18 percent to P5.9 billion in the first quarter from P5 billion in the same period a year ago, driven by sustained expansion of its core business......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2024

GSIS income surges to P113 billion in 2023

The earnings of state-run Government Service Insurance System jumped by 70 percent to P113.3 billion in 2023 from P66.4 billion in 2022 on the back of strong revenues from financial assets and investments......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

Cosco posts 2-digit jump in Q1 earnings

Robust revenues fueled a double-digit increase in the earnings of Lucio Co’s listed retail holding firm Cosco Capital Inc. in the first quarter......»»

Category: financeSource:  philstarRelated NewsMay 12th, 2024

Lower March sales pull down Wilcon earnings in Q1

Lower sales due to the long Easter holidays falling in March this year pulled down earnings of home improvement and construction supplies retailer Wilcon Depot Inc. in the first quarter......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2024

Gokongwei anchor firms RLC, URC post strong Q1 earnings

The property development arm and the food and beverage unit of the Gokongwei Group posted robust earnings in the first quarter as sales improved across all their business divisions......»»

Category: financeSource:  philstarRelated NewsMay 4th, 2024

GOCCs’ dividend remittance bumped up to 75 percent of earnings

The Department of Finance has increased the dividends to be collected from state-run firms to up to 75 percent of their earnings as the government looks for more revenues for the country’s development needs......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2024