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Low copper prices bring down Atlas Mining income by 65%

Earnings of Atlas Consolidated Mining and Development Corp. plunged by 65 percent to P1.12 billion in 2023 from P3.22 billion in 2022 due to lower global copper prices and payment of loans......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

ADB lends P2.4 billion to iSON for buildup of telco towers

The Asian Development Bank is extending P2.4 billion in loans to iSON Tower Limited Inc. to bankroll the construction and operation of 800 shared telecommunication towers in the country......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

DOF finalizing P55.7 billion loan for Metro Manila subway

The government targets to secure P55.7 billion in loans from the Japanese government for the third tranche of financing for the Metro Manila Subway Projects by March......»»

Category: newsSource:  philstarRelated NewsFeb 27th, 2024

Maya loans reach P22 billion last year

Digital bank Maya Bank Inc. raised its loan disbursement by sevenfold to P22 billion in 2023, as it reaped the benefits of expanding its credit products for underserved sectors......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

NEA lends over P1 billion to power coops in 2023

Loans extended by the National Electrification Administration to electric cooperatives nationwide exceeded the P1-billion mark in 2023......»»

Category: financeSource:  philstarRelated NewsJan 12th, 2024

Food cart program gives hope to reformed drug suspects

After spending six months in jail for drug offense, and another six months for counseling and rehabilitation, 46-year-old Jessie Morales was left homeless by a fire that hit his neighborhood in Tondo last month, leaving him with nothing but more anguish......»»

Category: newsSource:  philstarRelated NewsApr 3rd, 2024

Security Bank earns P2.6 billion in Q1

Security Bank Corp. earned 11 percent more to P2.62 billion in the first three months from P2.36 billion in the same period last year amid the robust growth in the bank’s retail and micro, small, medium enterprise businesses......»»

Category: financeSource:  philstarRelated NewsMay 15th, 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

Remittances hit $6.10 billion

Remittances hit $6.10 billion.....»»

Category: newsSource:  sunstarRelated NewsApr 17th, 2024

BFP: Over 3,000 fires recorded in first 2 months

More than 3,000 fires have been recorded in the first two months of the year, causing over P1.3 billion in damage, according to the Bureau of Fire Protection (BFP)......»»

Category: newsSource:  philstarRelated NewsMar 2nd, 2024

Hit-and-run suspect nabbed, jailed in Cebu City

CEBU CITY, Philippines – Aaron Karl Tan, the primary suspect behind the hit-and-run case that killed a local basketball player, has finally been arrested on Monday afternoon, May 6, 2024. This was months after the suspect was found to be responsible for the fatal hit-and-run incident near the Redemptorist Church in Cebu City on February.....»»

Category: newsSource:  inquirerRelated NewsMay 7th, 2024

Over 2 mln foreign tourists arrive in Philippines since January

MANILA, April 25 (Xinhua) -- Over 2 million international tourists have visited the Philippines since January this year, the Presidential Communications Office (PCO) said Thursday. Citing data from the Department of Tourism (DOT), the PCO said that 2,010,522 international visitors entered the Southeast Asian country from Jan. 1 to April 24. The data showed that tourism receipts reached 157.62 billion peso.....»»

Category: newsSource:  manilanewsRelated NewsApr 25th, 2024

‘Probe past NFA admins’ billion-peso palay sales’

Farmers’ group Federation of Free Farmers national manager Raul Montemayor asked Agriculture Secretary Francisco Tiu Laurel Jr. to include in the ongoing probe on the National Food Authority (NFA)’s questionable rice sale to some traders the alleged billions of pesos worth of fresh palay sold during previous administrations......»»

Category: newsSource:  philstarRelated NewsMar 3rd, 2024

Alliance Global injects P2.6-B into Megaworld

Megaworld clarified the recent subscription of its parent company, Alliance Global, to 1.375 billion common shares at P1.90/share to say that it is part of a plan to increase MEG’s outstanding authorized capital stock by P5.5 billion (from P40.2 billion to P45.7 billion)......»»

Category: financeSource:  philstarRelated NewsMay 22nd, 2024

Approved foreign investments into Philippines fall 63.6 pct in Q1

MANILA, May 16 (Xinhua) -- The approved foreign investments into the Philippines in the first quarter of 2024 reached 148.43 billion pesos (roughly 2.59 billion U.S. dollars), marking a 63.6 percent decrease year over year, the Philippine Statistics Authority (PSA) said on Thursday. The statistics agency said Singapore posted the highest investment commitment, amounting to 70.06 billion pesos (1.22 billion dolla.....»»

Category: newsSource:  manilanewsRelated NewsMay 17th, 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

Filinvest cleared to sell P10 billion fixed bonds

Gotianun-led Filinvest Development Corp. received yesterday its permit to sell up to P10 billion in fixed bonds consisting of a base offer of P7 billion and an oversubscription option of P3 billion......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

China Bank Savings profit hits record high in 2023

The thrift banking arm of Sy-led China Banking Corp. booked a record high net income of P1.85 billion in 2023 amid the continued expansion in customer base and loans......»»

Category: newsSource:  philstarRelated NewsApr 15th, 2024

Tarlac tragedy leads to a sad, different revisit of KPop hit song

CEBU CITY, Philippines — A Korean pop (KPop) group’s 2009 hit song “I Don’t Care”, has become a sad song for Filipino netizens this December. This was how some netizens described the Korean group’s 2NE1’s hit song as it became one of the trending topics on  Twitter on December 21, 2020 after Sunday’s shooting incident […].....»»

Category: newsSource:  balitaRelated NewsApr 9th, 2024