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UnionBank profit down 28 percent to P9.2 billion in 2023
The earnings of Union Bank of the Philippines dropped by 27.8 percent to P9.2 billion in 2023 from P12.74 billion in 2022, as the listed bank booked higher provisioning and integration costs from the takeover of the retail banking business of global banking giant Citi in the Philippines......»»
NAIA deal signing set in Malacañang on Monday
Diversified conglomerate San Miguel Corp. will get the blessing of no less than President Marcos in its takeover of the Ninoy Aquino International Airport as the Chief Executive is expected to witness the signing of the concession on Monday......»»
Haiti: Urgent Action Needed amid Growing Lawlessness
(Washington, DC) - Haiti is on the brink of a total collapse or takeover of the state as violent criminal groups seeking to overthrow the government have attacked police officers and state institutions, including prisons, Human Rights Watch said today. The groups' actions have brought economic activity, the delivery of life-saving humanitarian assistance, and nearly.....»»
The best is yet to come
With the situation turning from bad to worse at the Ninoy Aquino International Airport (NAIA), it’s not surprising that there is growing anticipation for the takeover by the San Miguel Corp. (SMC) group of NAIA’s rehabilitation and operation......»»
A glance at government s windfall from SMC’s NAIA takeover
The winning bid of the San Miguel Corp.-led consortium for the Ninoy Aquino International Airport translates to a government revenue share of P911.1 billion over a 25-year period, significantly higher than the other bidders’ revenue share offer of between P342.1 billion and P416.9 billion over the same period......»»
The deal of the century
That is how San Miguel Corporation’s takeover of the operations and management of the Ninoy Aquino International Airport in the next 25 years turns out to be......»»
Aboitiz Equity Ventures closed transaction to acquire 40% interest in Coca-Cola PH
The takeover of Coca-Cola Beverages Philippines Inc. by Aboitiz Equity Ventures and Coca-Cola Europacific Partners has closed upon completion of “all conditions precedent” to the transaction......»»
‘Higher NAIA passenger fees loom upon private takeover’
Filipinos should brace for higher passenger service charges of as much as 95 percent at the Ninoy Aquino International Airport when its management goes to the hands of a private group......»»
Cone far from satisfied as Ginebra braces for semis challenge vs San Miguel
For Tim Cone, Ginebra has to be at its best from start to finish if it wants to stand a chance in a semifinal clash against San Miguel after seeing off NorthPort in the quarterfinals.....»»
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......»»
‘Hostile takeover 101’
Never come between a sabungero and his chickens or there will be hell to pay!.....»»
MGen completes takeover of SPNEC
MGen Renewable Energy Inc., a subsidiary of Manila Electric Co., has completed its P15.9- billion investment in SP New Energy Corp.......»»
LeBron James becomes first player to score 40,000 points
LOS ANGELES (Reuters) – LeBron James on Saturday became the first NBA player to score 40,000 career points, hitting a scoop layup off the glass in the second quarter of the Los Angeles Lakers home game against the Denver Nuggets. James, who entered the game needing nine points to reach the milestone, used a spin.....»»
Cebu City police probes death of local basketball player in road accident
CEBU CITY, Philippines – The Traffic Enforcement Unit (TEU) of the Cebu City Police Office (CCPO) is investigating a possible hit-and-run case that resulted to the death of a basketball player early morning on Sunday, February 4, 2024, near the Redemptorist Church in Cebu City. The victim was identified as Jeslar Larumbe, a former two-time.....»»
Japan’s top women’s 3x3 player all praises for Manila Hustle hosting
World No. 25 3x3 player Aoi Katsura had nothing but good words after her second tournament in the Philippines as she led the Zoos Tokyo to the crown in Manila Hustle 3x3 Season 2 over the weekend......»»
Avani 10th as Chinese Taipei s Chun-Wei wins Women s Amateur Asia-Pacific
Pattaya [Thailand], February 4 (ANI): Avani Prashanth, India's only player in the world's Top-50 finished tied for tenth place as the Women's Amateur Asia-Pacific (WAAP) championship came to an end. She carded 1-under 71, her four successive under par round. Put alongside 68-69-71 she totalled 9-under 279. India's other player to make the cut, Saanvi Somu (73) finished tied 48th in her debut appearance at the event, where.....»»
Avani 10th as Chinese Taipei s Chun-Wei wins Women s Amateur Asia-Pacific
Pattaya [Thailand], February 4 (ANI): Avani Prashanth, India's only player in the world's Top-50 finished tied for tenth place as the Women's Amateur Asia-Pacific (WAAP) championship came to an end. She carded 1-under 71, her four successive under par round. Put alongside 68-69-71 she totalled 9-under 279. India's other player to make the cut, Saanvi Somu (73) finished tied 48th in her debut appearance at the event, where.....»»
Cebu Daily Newscast: Murder raps filed vs suspect in hit-and-run of basketball player
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Wednesday, February 7, 2024. Murder raps filed vs suspect in hit-and-run of basketball player Police in Cebu City have filed today, February 8, a charge of murder against the suspect behind the fatal hit-and-run.....»»
CATCH UP: Recapping PVL teams’ player moves after wild 2023 offseason
Keep track here of all major player movements in the PVL, including the arrival of two new teams, ahead of a landmark 2024 season and a new All-Filipino Conference.....»»
Former NBA player Rashid Byrd sentenced to 90 years in prison for sexual assault
LOS ANGELES – Former NBA player Rashid Byrd has been sentenced to 90 years to life in state prison for a series of violent sexual assaults that occurred in Los Angeles and Santa Clara counties from 2015 to 2020, the Los Angeles Police Department has announced. Byrd, who has been in police custody since his arrest by.....»»