DMCI Holdings income surges 7-fold to P4.3 billion
Diversified engineering conglomerate DMCI Holdings Inc. reported a 590-percent increase in first quarter earnings from P616 million to P4.3 billion as income drivers DMCI Homes and Semirara Mining and Power Corp. delivered exceptional performances during the period......»»
Boulevard Holdings sells 1.5-B shares to ownership group
Boulevard Holdings advised that its stockholders approved a measure to increase BHI’s authorized capital stock from 17 billion shares to 18.5 billion shares, and to sell the 1.5 billion shares to a company called Puerto Azul Landn Inc., which is also owned and controlled by the Panlilio family......»»
DMCI Homes earmarks P16 billion for capex in 2024
DMCI Homes, the property development arm of the Consunji Group, is allocating around P16 billion in capital expenditures this year to expand its portfolio......»»
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......»»
Insurance penetration rate slips further to 1.6 percent
The insurance industry saw its net income rise to P48 billion last year, but its contribution to the overall economy slipped further for the second straight year to only 1.6 percent......»»
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%)......»»
Milk tariff collections rise by 31% to P2.4 billion
Revenues raised by the government from various imported milk products jumped by 31 percent to P2.36 billion in 2023, the highest in at least eight years, from P1.8 billion in 2022......»»
Sy family invests P5 billion in Megawide affiliate
The Sy family is once again playing a big brother role to a company led by businessman Edgar Saavedra, this time investing in Megawide’s affiliate renewable energy real estate investment trust......»»
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......»»
Mega Millions Jackpot Winner of $1.13 Billio
A lucky individual in Monmouth County, New Jersey struck gold this week by winning the $1 billion Mega Millions jackpot. The winning ticket was sold.....»»
DOH: Pertussis cases 20 times higher since January
The number of pertussis cases nationwide has increased 20-fold this year from 2023, according to the Department of Hea.....»»
Globe closed on an additional P1.16-B in tower sales
Globe Telecom, the Zobel Family’s telecommunications company, disclosed that it closed on the sale of another 91 cell towers to Frontier Towers to raise approximately P1.16 billion in cash......»»
DOJ charges 2 alleged NPA financiers with terrorism financing
According to the DOJ, the case stemmed after reports that Dumlao and Tolentino possessed firearms and ammunition without a clear source of income or apparent purpose......»»
P1.1 billion released to restore heritage school buildings
The Department of Budget and Management has released P1.1 billion to conserve and restore heritage school buildings in the country......»»
Globe gets P5 billion from sale of towers
Telco-to-tech provider Globe Telecom Inc. raised almost P5 billion from the sale of towers in the first quarter, providing it with some of the capital needed to upgrade services and pay debts......»»
BTr raises P120 billion from T-bond sale
The government raised the entire program of P120 billion in long-term securities this month even as investors’ asking rates were mixed......»»
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......»»
Man-made disasters cost Philippines 164.87 mln USD in 2023
MANILA, March 26 (Xinhua) -- Man-made disasters caused the total damage in the Philippines worth 9.29 billion pesos (164.87 million U.S. dollars) in 2023, the Philippine Statistics Authority (PSA) said Tuesday. The agency said that out of the total annual damage, 4.93 billion pesos (87.5 million dollars), or 53.1 percent, was due to the oil spill. "The reported oil spill in various regions resulted in dam.....»»
Upson International FY23 profit: P464-M (down 13.7%)
Upson International, the IT retailer primarily operating through the Octagon retail brand, teased its FY23 financial results headlined by a 13.7% dip in net income to P464 million......»»
NEWS BRIEFS | 26 March 2024
P101-M sea wall to rise in Surigao Sur town A P101.3 million sea wall will be constructed in Marihatag, Surigao del Sur to protect lives and properties from storm surges there. Rep. Romeo Momo (1st District, Surigao del Sur) led the ground breaking of the Marihatag Seawall Project last Sunday, March 24. “The project is a […].....»»
Poe: State of calamity won’t solve Metro traffic
With an estimated P3.5 billion in economic losses incurred per day due to traffic congestion, the government should listen to experts and stakeholders to address the monstrous traffic jams in Metro Manila, Sen. Grace Poe said yesterday......»»