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Philippines upper middle-income status seen to boost insurance penetration

Higher insurance penetration hinges on the country’s ability to reach upper middle-income status as Filipinos’ disposable income remains limited amid the high cost of basic goods and services......»»

Category: financeSource:  philstarRelated NewsMar 12th, 2024

Megaworld Hits Record Financial Performance in 2023, Income up 26% to P19.4 Billion

Megaworld Corporation, the country’s premier township developer, achieved a landmark milestone in its financial performance for the year 2023 as its full-year net income surged by 26% to P19.4 billion. Its consolidated revenues, on the other hand, rose by 17% to P69.7 billion. Net income attributable to the parent company’s shareholders also jumped by 29% […].....»»

Category: newsSource:  metrocebuRelated NewsMar 7th, 2024

DMCI posts FY23 net income of P24.7-B (down 21%)

DMCI posted an FY23 consolidated net income of P24.7 billion, which was 21% lower than its FY22 net income of P31.2 billion......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024

Atlas Consolidated posts FY23 net income of P1.1-B (down 65%)

Atlas Consolidated, a gold and copper mining company, posted an FY23 net income of P1.1 billion, which was 65% lower from its FY22 net income of P3.2 billion......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024

Semirara FY23 net income down 30% to P27.9-B

Semirara Mining and Power posted an FY23 net income of P27.9 billion and a Q4 net income of P5.3 billion......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

Despite low wages, Pandi-based ‘maninipit’ mothers try to augment family income

Assembling clothespins is among the many jobs women do in the occupied houses in Pandi, Bulacan. The mothers mentioned other low-income jobs like garlic peeling, rug making and notebook sewing. The post Despite low wages, Pandi-based ‘maninipit’ mothers try to augment family income appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsJan 18th, 2024

UnionBank income plummets in Q1

Union Bank of the Philippines booked a net income of P2 billion in the first quarter, down by 41.2 percent from the same period a year ago, as the bank continued to allocate resources toward its takeover of the retail banking business of global banking giant Citi in the Philippines......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

Meralco powers core income higher by 11 percent to P10.1 billion in Q1

Pangilinan-led power firm Manila Electric Co. reported a consolidated core net income of P10.1 billion in the first quarter, up by 11 percent from P9 billion in the same period last year......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2024

GSIS income rises to P37 billion in January-March

The Government Service Insurance System saw its net income jump by 20 percent to hit P37 billion during the first quarter on the back of strong revenues from financial assets and investments......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2024

Roxas Holdings’ net loss triples to P2.2 billion

The net loss of sugar and ethanol producer Roxas Holdings Inc. more than tripled in its fiscal year 2023 as the group reeled from the closure of its milling operations......»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 26th, 2024

Dominion Holdings Inc.: Notice of Annual Stockholders’ Meeting (Second Publication)

Dominion Holdings Inc. will conduct its annual stockholders' meeting virtually on April 12, 2024, Friday at 3 p.m......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

MGen, Aboitiz to invest in Chromite Gas Holdings

Pangilinan-led Meralco PowerGen Corp. has partnered with Aboitiz-owned Therma NatGas Power Inc. to invest in Chromite Gas Holdings, as part of a plan to launch the country’s first and most expansive integrated liquefied natural gas facility in Batangas......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

MGen, Aboitiz take over Chromite Gas Holdings

Pangilinan-led Meralco PowerGen Corp. has partnered with Aboitiz-owned Therma NatGas Power Inc to take over Chromite Gas Holdings as part of a plan to launch the country’s first and most expansive ......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

Cebu Holdings to delist on March 1

The PSE gave notice on Friday that Cebu Holdings would be delisted on March 1......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

8990 Holdings expands buyback limit to P7-B of stock

8990 Holdings disclosed that its board of directors voted to “expand” a P2 billion stock buyback program that was originally established back in 2019, which was then suspended during the pandemic to conserve cash......»»

Category: financeSource:  philstarRelated NewsFeb 22nd, 2024

Roxas Holdings suspended for reporting failure

The PSE suspended Roxas Holdings for its continued failure to submit its Annual Report for its fiscal year ending Sept. 30, 2023......»»

Category: financeSource:  philstarRelated NewsFeb 16th, 2024

Yuchengco’s House of Investments gets SEC nod to buy Grepa Realty

The Securities and Exchange Commission has approved Yuchengco-led House of Investments’ move to acquire GPL Holdings Inc.’s shares in Grepa Realty Holdings Corp......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

Alternergy income reaches P121 million

The earnings of renewable energy firm Alternergy Holdings Corp. reached P121.16 million for the first half of its fiscal year......»»

Category: financeSource:  philstarRelated NewsFeb 9th, 2024