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CREIT, MREIT, FILRT all declare Q1 dividends

Citicore Energy REIT and MREIT declared their Q1 dividends on Monday, while Filinvest REIT declared its Q1 dividend on Friday......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2024

GOCC dividends surge to P88.6B - The Manila Times

DIVIDEND remittances from state-owned firms have ballooned to almost P89 billion just a little over four months into 2024, Finance Secretary Ralph Recto said on Monday. The government was said to have collected P88.6 billion from 47 government-owned and -controlled corporations (GOCCs) as of May 6, 11 times higher than the P8 billion recorded during the same period last year. "These dividends form a major source of n.....»»

Category: newsSource:  manilanewsRelated NewsMay 8th, 2024

DOF expects dividends from GOCCs to hit P100 billion

The Department of Finance is targeting to collect P100 billion in dividends from government-owned or -controlled corporations by the end of the year, according to its top official......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2024

Dominion Holdings earns P277.3M, sets P1.50 in cash dividends

Dominion Holdings earns P277.3M, sets P1.50 in cash dividends.....»»

Category: newsSource:  sunstarRelated NewsApr 18th, 2024

PFDA commits to increased dividend payments to Treasury

Department of Agriculture’s Philippine Fisheries Development Authority announced in a statement that it would remit 75% of its dividend payouts coming from the prior 50% after Finance Secretary Ralph Recto requested the government firm to increase its remittances to the government. .....»»

Category: financeSource:  philstarRelated NewsApr 9th, 2024

Is your salary enough?

The most awaited day for employees is the 15th of the month. On this day, the ATMs become the popularly sought-after machine for salaried employees and workers who must eventually remit their hard-earned cash to their homes......»»

Category: newsSource:  philstarRelated NewsMar 26th, 2024

Every first Tuesday is Kabayan Day at SM malls

BDO Remit, the remittance service brand of BDO Unibank, in partnership with SM, unveils Kabayan Day, an exclusive year-round promo for overseas Filipinos and their families......»»

Category: financeSource:  philstarRelated NewsFeb 1st, 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

PCSO sees higher earnings if illegal gambling curbed

The Philippine Charity Sweepstakes Office (PCSO) could have remitted higher dividends to the government had the authorities been successful in neutralizing illegal gambling operations in the country. .....»»

Category: newsSource:  philstarRelated NewsMay 10th, 2024

BCDA remits P1.1 billion to government

The Bases Conversion and Development Authority has remitted P1.1 billion in dividends to the national government to support efforts to drive economic growth......»»

Category: newsSource:  philstarRelated NewsApr 25th, 2024

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

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

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

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

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

Plaza Independencia: Rama plans to rubberize park, make more family-friendly

CEBU CITY, Philippines — Cebu City Mayor Michael Rama plans to make Plaza Independencia more family friendly as he envisions more changes to make this dream a reality. These included having the inside of the Plaza Independencia being rubberized, having more plants inside to make it also more environment-friendly and to have facilities for families.....»»

Category: newsSource:  inquirerRelated NewsMar 14th, 2024

Study says since 1979 climate change has made heat waves last longer, spike hotter, hurt more people

Climate change is making giant heat waves crawl slower across the globe and they are baking more people for a longer time with higher temperatures over larger areas, a new study finds. Since 1979, global heat waves are moving 20% more slowly — meaning more people stay hot longer — and they are happening 67%.....»»

Category: newsSource:  inquirerRelated NewsMar 30th, 2024