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AGI posts record P30.3 billion profit
Alliance Global Group Inc., the holding company of tycoon Andrew Tan, saw its profit rise by a fifth to reach record high levels in 2023 despite higher inflation, which pushed overall costs and expenses up during the year......»»
PLDT back on growth track, doubles profit to P26.61 billion
Telco leader PLDT Inc. returned to growth mode in 2023 as its profit doubled from a year ago, as it cleaned up the P33-billion budget overrun that messed up its balance sheet in 2022......»»
SSS surpasses 2023 target
State-run pension fund Social Security System saw its net income reach a record P83 billion in 2023 on the back of the mandatory contribution hike and the increase in new members......»»
GOCC handling Clark complex posts 33 percent profit drop in 2023
The state-run firm tasked to manage the Clark Civil Aviation Complex sustained a 33 percent cut to its profit in 2023, hurt by a combination of revenue decline and spending hike......»»
SSS net income soars to all-time high of P83B in 2023
MANILA, Philippines —The Social Security System (SSS) posted a net income of P83.13 billion in 2023, exceeding by 62.8 percent its target of P51.06 billion for the year and the highest attained so far by the state pension fund. Based on its unaudited financial statement, the SSS said the 2023 bottom line market a big jump.....»»
Megaworld posts record financial outcome in 2023
Real estate giant Megaworld Corp. capped off 2023 with a record financial performance, posting a net income of P19.4 billion, 26 percent higher year-on-year......»»
Government infrastructure spending scaled up to P121 billion
The government increased its infrastructure spending by nearly seven percent to P121 billion from January to February compared to last year’s level on the back of higher disbursements for road projects, the Department of Budget and Management said......»»
PLDT, ABS-CBN call-off P6.75-B SkyCable deal
PLDT and ABS-CBN “mutually decided not to proceed with the sale of Sky Cable to PLDT under the sale and purchase agreement signed by and among the parties in March 2023.”.....»»
PLDT Global taps NGA 911’s emergency response system
PLDT Global Corp., the international unit of the local telco giant, is enabling US-based technology solutions provider Next Generation Advanced 911 (NGA 911) to help boost emergency response systems in the Philippines with advanced technology, delivered through the nationwide PLDT network infrastructure......»»
PAL profit tumbles on price pressures
Flag carrier Philippine Airlines felt the shock of ballooning prices of fuel and services in the first quarter of the year, suffering a 13- percent drop in profit due to higher spending......»»
SBI s net profit grows 18% in fourth quarter, 20.5% for entire 2023-24
New Delhi [India], May 9 (ANI): The State Bank of India (SBI), the country's largest lender, has reported an 18 percent rise in consolidated net profit at Rs 21,384 crore for the quarter that ended in March, aided by strong credit growth. SBI reported a net profit of Rs 18,094 crore in the year-ago period. Consolidated net profit during the entire financial year 2023-24 rose by 20.55 per cent to Rs 67,085 crore as against.....»»
Figaro quarterly profit up 7% y/y (121% q/q)
Figaro posted a Q2 profit of P195 million, up 7% from its Q2/22 profit of P182 million, and up 121% from its Q1 profit of P88 million......»»
PH sets new Guinness World Record for largest human organ image
PH sets new Guinness World Record for largest human organ image.....»»
Clark sets Pebble Beach record with 60
Clark sets Pebble Beach record with 60.....»»
Ayala Corp profit hits record high in 2023
Core profit of conglomerate Ayala Corp. rose by nearly half to reach record high levels in 2023 due to the strong performances of its banking, real estate and power businesses......»»
PLDT borrows P1 billion in green loans
Telco giant PLDT Inc. has borrowed P1 billion from the green loan facility of HSBC Philippines to bankroll the expansion and upgrade of its fiber network......»»
AUB profit hits record high in 2023
Rebisco-led Asia United Bank and its subsidiaries boosted earnings by 32 percent to a record high of P8.3 billion in 2023, from P6.3 billion in 2022......»»
Alliance Global Posts Record-Breaking P30-B Net Income in 2023
Alliance Global Group, Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, achieved a record-breaking net income of P30.3 billion, up 20% year-on-year despite higher inflation, which pushed overall costs and expenses up during the period. Attributable net profit stood at a new high of P19.6 billion, reflecting a 21% increase from the […].....»»
Higher contribution to PLDT eyed by ePLDT
The data center builder of Pangilinan-led PLDT Inc. hopes to increase its share in the revenue of its parent to as much as 20 percent by the end of the decade......»»
Banks reap P92 billion profit in 3 months
Philippine banks turned more profitable in the first quarter, reaping almost three percent higher earnings to P92 billion due to higher net interest income. .....»»