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Chinabank declares P5.9 billion cash dividends

Sy-led China Banking Corp. will reward its shareholders with a record P5.9 billion in dividend payments, 16 percent higher compared to last year, the bank said yesterday......»»

Category: financeSource:  philstarRelated NewsApr 19th, 2024

PPA targets P5 billion dividends in 2024

The Philippine Ports Authority plans to increase its contribution to the government to as much as P5 billion this year to retain its position as one of the highest remitters among state-run firms......»»

Category: financeSource:  philstarRelated NewsJan 12th, 2024

Apex unit remits P40 million to small-scale miners

A wholly-owned subsidiary of Apex Mining Co. Inc. remitted over P40 million in support to its partner small-scale miners in Itogon, Benguet as part of its initiative to improve operations of small-scale miners......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2024

CONCACAF Champions Cup: FC Cincinnati advance easily

(Photo credit: Albert Cesare/The Enquirer / USA TODAY NETWORK) Nineteen-year-old Gerardo Valenzuela logged a goal and an assist to lead host FC Cincinnati to a 4-0 win over Cavalier SC of Jamaica on Wednesday, wrapping up a first-round CONCACAF Champions Cup series. Cincinnati took the two-match, total-goal series 6-0 to advance to a round-of-16 matchup against Monterrey. The first leg will be played in Cincinnati on Mar.....»»

Category: sportsSource:  abscbnRelated NewsFeb 29th, 2024

CONCACAF Champions Cup: Cincinnati, Nashville advance easily

(Photo credit: Albert Cesare/The Enquirer / USA TODAY NETWORK) Nineteen-year-old Gerardo Valenzuela logged a goal and an assist to lead host FC Cincinnati to a 4-0 win over Cavalier SC of Jamaica on Wednesday, wrapping up a first-round CONCACAF Champions Cup series. Cincinnati took the two-match, total-goal series 6-0 to advance to a round-of-16 matchup against Monterrey. The first leg will be played in Cincinnati on Mar.....»»

Category: sportsSource:  abscbnRelated NewsFeb 29th, 2024

DTI unveils startups, enterprises to join Idea and ADVanCE for Creatives

DTI unveils startups, enterprises to join Idea and ADVanCE for Creatives.....»»

Category: newsSource:  sunstarRelated NewsFeb 22nd, 2024

UC, CRMC advance to Sinulog Cup 2024 main tournament

UC, CRMC advance to Sinulog Cup 2024 main tournament.....»»

Category: newsSource:  sunstarRelated NewsJan 20th, 2024

Philippine Airlines FY23 profit: P21.2-B (up 105%)

Philippine Airlines reported a FY23 net income of P21.2 billion, up 105.5% from its FY22 net income of P10.4 billion......»»

Category: financeSource:  philstarRelated NewsApr 2nd, 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

Microinsurance premiums up 20 percent

Insurance contributions from low-income Filipinos amounted to P10.2 billion from January to September 2023, up by nearly 20 percent from P8.49 billion in the same period a year ago, according to the Insurance Commission......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

MIAA doubles profit in 2023

The Manila International Airport Authority is ending its role as operator on a high note, doubling its profit to P4.02 billion in 2023 and raising dividends to the government by 15 times......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

DOTr needs P12.5 billion to build 200 ports

The Department of Transportation said it needs at least P12.5 billion to build 200 more ports under the Marcos administration, underscoring the need to improve connectivity in remote islands......»»

Category: financeSource:  philstarRelated NewsMar 20th, 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

VistaREIT amends its disclosure, cumulative divs reach 90% of distributable income

Yesterday, I wrote about the VistaREIT Q4 dividend, and how (despite its gargantuan size) it was insufficient to drag VREIT’s cumulative FY23 dividends up above 90% of its reported distributable income for FY23 as required by the REIT Law......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2024

Why BBM is pro-America

Ferdinand Romualdez Marcos Jr.’s pivot to America will soon yield dividends – in terms of investments in critical areas, jobs and job training, solid infrastructure, energy independence, digital connectivity, microchip production, agribusiness, mass transport and logistics hubs......»»

Category: newsSource:  philstarRelated NewsApr 17th, 2024

Phoenix lacks the retained earnings to pay PNX4 and PNX3B divs

The PSE sought an update from Dennis Uy’s Phoenix Petroleum on the non-payment of dividends to shareholders of its PNX4 preferred shares and PNX3B preferred shares......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 13th, 2024

Gains of BARMM highlighted in 5th anniversary feast

Personnel of regional agencies commemorated on Sunday the fifth founding anniversary of the Bangsamoro Autonomous Region in Muslim Mindanao, proud of what is for them markedly visible dividends it has gained from its security and economic initiatives since......»»

Category: newsSource:  philstarRelated NewsJan 21st, 2024

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......»»

Category: sportsSource:  abscbnRelated NewsApr 3rd, 2024

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......»»

Category: sportsSource:  abscbnRelated NewsApr 3rd, 2024