LGUs income up 12% in 2020

Local government units improved their operating income by about 12 percent to P825.2 billion in 2020, but revenues are expected to dwindle this year as tax bases are brought down by the pandemic......»»

Category: financeSource: philstar philstarJul 20th, 2021

Tabuelan, 7 other LGUs cited for excellent blood donation drives

LAPU-LAPU CITY, Philippines — The Department of Health in Central Visayas (DOH-7) has recognized local government units (LGUs) in Cebu that performed well in their blood donation activities in 2020. This is in line with the National Blood Donors’ Month celebration which was held at Quest Hotel on Thursday, July 22, 2021. According to DOH-7 […] The post Tabuelan, 7 other LGUs cited for excellent blood donation drives appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJul 22nd, 2021

8990 profit down 16% in 2020

8990 Holdings Inc., the listed mass housing company, reported a 16 percent decline in net income in 2020 to P4.8 billion......»»

Category: financeSource:  philstarRelated NewsJun 26th, 2021

Remittances continue despite pandemic

Defying predictions, remittance flows have proven resilient during the COVID-19 crisis, with officially recorded remittance flows to low and middle-income countries reaching $540 billion in 2020 or only 1.6 percent lower than the $548 billion recorded in 2019......»»

Category: newsSource:  philstarRelated NewsJun 19th, 2021

FDCP calls on film, audiovisual companies to apply for income tax holiday incentives

The Film Development Council of the Philippines (FDCP) is calling on film and audiovisual (AV) companies to apply for the 2020 Investments Priorities Plan (IPP), a tax incentive offered through the Department of Industry – Board of Investments (DTI-BOI)......»»

Category: sportsSource:  abscbnRelated NewsJun 3rd, 2021

Benguet triples 2020 net income

Listed mining firm Benguet Corp. more than tripled its net income last year to P381.4 million, driven by the resumption of its Zambales operations and better gold prices......»»

Category: financeSource:  philstarRelated NewsMay 25th, 2021

Benguet tripled profit to P381.4m in 2020

Publicly-listed Benguet Corp., the oldest mining company in the country, registered a consolidated net income of P381.4 million in 2020, more than triple the profit of P115.7 million in 2019......»»

Category: financeSource:  thestandardRelated NewsMay 25th, 2021

‘Severe financial distress’: Hospitals say COVID-19 claims unpaid by PhilHealth since March 2020

"There is already a decrease in the income of the hospitals from the [lack of] non-covid [cases] and they are treating COVID cases that are not being paid. So it is a compounded problem.".....»»

Category: newsSource:  philstarRelated NewsMay 19th, 2021

PBCom income steadies in 2020

Philippine Bank of Communications withstood the financial carnage of the pandemic last year as it kept its net income steady on gains made in trading and securities......»»

Category: financeSource:  philstarRelated NewsMay 19th, 2021

Alliance Global& rsquo;s profit dips to P10.3b

Alliance Global Group Inc., the holding company of businessman Andrew Tan, saw its net income decline 62 percent in 2020 to P10.3 billion from P27.1 billion in 2019 as the pandemic affected core businesses......»»

Category: financeSource:  thestandardRelated NewsMay 11th, 2021

AGI income down in 2020

Alliance Global Group Inc., the Andrew Tan-led conglomerate, saw its net income drop 62 percent to P10.3 billion in 2020 as the pandemic hit most of its businesses......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2021

Century Properties posts P1.15B profit

Century Properties Group Inc. reported a net income of P1.15 billion in 2020, down 22.2 percent from 2019 on lower revenues......»»

Category: financeSource:  thestandardRelated NewsMay 10th, 2021

NLEX& rsquo;s 2020 profit fell 46% to P3.6B on mobility restraints

NLEX Corp. said over the weekend net income fell 46 percent last year on lower traffic amid the mobility restrictions designed to contain the COVID-19 pandemic......»»

Category: financeSource:  thestandardRelated NewsMay 10th, 2021

Nat Re posts lower earnings last year

The National Reinsurance Corporation of the Philippines, the country’s national reinsurer, earned a lower net income of P120 million in 2020, as stronger underwriting results were weighed down by lower investment income......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2021

Empire East, Cebu Holdings post double-digit profit drop in 2020

Real estate developers Cebu Holdings Inc. and Empire East Land Holdings Inc. reported a double-digit drop in their net income last year due to weak demand for property resources amid the pandemic......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2021

GERI profit down to P1.3 billion in 2020

Andrew Tan’s Global-Estate Resorts Inc. reported a net income of P1.3 billion last year, down 25 percent due to a challenging business environment brought about by the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsApr 26th, 2021

LBC Express books lower profit of P200m

Net income of Logistics service provider LBC Express Holdings Inc. declined 60 percent in 2020 to P200 million from P494.5 a year ago, driven by the shortfall on revenues and higher operating expenses mostly due to the pandemic......»»

Category: financeSource:  thestandardRelated NewsApr 26th, 2021

Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines

The Insurance Commission announced Sun Life Canada (Philippines) Inc. and Prudential Guarantee and Assurance Inc. remained the highest-ranked life and non-life insurance company, respectively, in terms of premium income in 2020......»»

Category: newsSource:  philstarRelated NewsApr 24th, 2021

MacroAsia incurs P1.8 billion loss in 2020

Lucio Tan’s MacroAsia Corp. incurred a net loss of P1.8 billion last year, a reversal of the P1.19 billion net income posted in 2019, as the pandemic weighed heavily on its aviation-related business units......»»

Category: financeSource:  philstarRelated NewsApr 15th, 2021

FDC 2020 profit drops 29% to P8.5 billion

Filinvest Development Corp., the listed conglomerate of the Gotianun family, reported a 29 percent drop in its 2020 net income to P8.5 billion......»»

Category: financeSource:  philstarRelated NewsApr 12th, 2021

Max’s Group incurs P1.68 billion loss in 2020

Max’s Group Inc., a casual dining restaurant chain in the Philippines, incurred a net loss of P1.68 billion last year, a turnaround from the P720 million income it posted in 2019 as the pandemic battered businesses......»»

Category: financeSource:  philstarRelated NewsApr 9th, 2021