Cebu Pacific books P8 billion profit in 2023
Low-cost carrier Cebu Pacific found itself landing on solid ground in 2023, as it booked a profit of nearly P8 billion on the back of a resurgent demand for air travel......»»
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......»»
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......»»
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......»»
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......»»
MacroAsia FY23 profit: P1.1-B (up 132%)
MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»
MacroAsia FY23 profit: P1.1-B (up 132%)
MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»
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......»»
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......»»
SMC’s F& B unit nets record P38 billion in 2023
The food and beverage unit of San Miguel Corp. reached new heights in 2023 as it raked in an all-time high profit of P38.1 billion, with all segments clocking in growth......»»
BDO profit hits record P73.4 billion in 2023
BDO Unibank Inc. grew its earnings by 28.5 percent to hit an all-time high of P73.41 billion in 2023, driven by strong growth across its core businesses......»»
AUB profit hits record high in 2023
Rebisco-led Asia United Bank and its subsidiaries boosted earnings by 32 percent to a record high of P8.3 billion in 2023, from P6.3 billion in 2022......»»
PNB books 10.4% growth in Q1 income
Philippine National Bank of tobacco and airline magnate Lucio Tan booked a 10.4-percent increase in earnings to P5.31 billion in the first quarter from a year-ago level of P4.81 billion, boosted by core business growth and lower credit provisions......»»
Philippine remittances rise by 2.9 pct in November
MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»
Philippine remittances rise by 2.9 pct in November
MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»
IN PHOTOS: Balik Cebu 2024
Summary: The Balik Cebu 2024 event, hosted at the Terraces, Ayala Center Cebu, has been a prominent part of the Sinulog festival for 22 years. In collaboration with the Cebu City Government, Mactan International Airport Association, and other tourism stakeholders, it aims to welcome back balikbayans (returning Filipinos) for the grand Sinulog festival. The Balik Cebu Dinner Show offers balikbayans the complete Sinulog experience, featuring Filipino cuisine, performances by Cebuano artists, the Sinulog Mardi Gras, the presentation of Miss Cebu winners and her court, Tribu Basakanaon, and a band performance. Tickets priced at P500 can be purchased at the Balik Cebu Turista Desk by presenting a passport or proof of residence outside the Philippines. Balikbayans can also buy up to three additional tickets for non-balikbayans accompanying them. The event will take place at Ayala Center Cebu on January 18 at 6 PM. (SPONSORED CONTENT).....»»
Cebu Landmasters FY23 profit: P4.6-B (up 29%)
Cebu Landmasters [CLI 2.85 unch] [link] teased its FY23 performance at an analyst briefing where it revealed full-year net income of P4.6 billion (up 29%) and total revenues of P18.8 billion (up 20%)......»»
WHO sounds alarm over rising measles cases in Western Pacific region
MANILA, March 1 (Xinhua) -- The World Health Organization (WHO) on Friday expressed alarm over a 255 percent increase in measles cases in 2023 from a year earlier in the Western Pacific Region due to gaps in vaccination coverage, disease surveillance, and travel of people from countries experiencing outbreaks. The UN health agency said the region recorded 5,044 cases in 2023, higher than that in 2021 and 2022 co.....»»
WHO sounds alarm over rising measles cases in Western Pacific region
MANILA, March 1 (Xinhua) -- The World Health Organization (WHO) on Friday expressed alarm over a 255 percent increase in measles cases in 2023 from a year earlier in the Western Pacific Region due to gaps in vaccination coverage, disease surveillance, and travel of people from countries experiencing outbreaks. The UN health agency said the region recorded 5,044 cases in 2023, higher than that in 2021 and 2022 co.....»»
PH Remains One of the Fastest Growing Economies in East Asia and Pacific, World Bank Says
The World Bank retains its positive outlook on the Philippine economy despite foreseen challenges. According to their April 2024 East Asia and Pacific Economic Update, the World Bank projects a 5.8 percent economic growth for the Philippines this year — the East Asia and Pacific region’s second fastest-growing economy. Moreover, the said update also adjusted […].....»»
Team Secret ready for VCT Pacific Kickoff
Fresh from winning the Asia Pacific Predator League last January 14, the lone Filipino team in the Valorant Champions Tour (VCT) Pacific, Team Secret, is ready to go head to head with the region’s top squads in the league’s second year......»»