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DOF drops income tax hike for dividend income
The Department of Finance revised the proposed Passive Income and Financial Intermediary Taxation Act to drop a planned increase in the income tax rate for dividend income......»»
P450 billion unprogrammed funds challenged before SC
Minority lawmakers are asking the Supreme Court to nullify the P449.5 billion in unprogrammed allocation in the national budget, saying the amount was way above the P289.1 billion originally proposed, making it unconstitutional......»»
Boulevard Holdings Q2 net income down 86% y/y, down 336% q/q
Boulevard Holdings reported a Q2/23 net loss of P33 million, down 86% from its Q2/22 net loss of P18 million, and down 336% from its Q1/23 net income of P14 million......»»
Semirara Q1 profit: P6.5-B (down 28%)
Semirara Mining and Power posted a Q1 net income of P6.5 billion, down 27.6% y/y from its Q1/23 net income of P9.0 billion, and up 23% q/q from its Q4/23 net income of P5.3 billion......»»
Beyond the Raise: Mastering Financial Prosperity Post-Income Boost
Are you still feeling broke even if you already had a salary increase or a new stream of income? You are not alone. Feeling broke can sometimes not be just not a feeling — it can be your real situation. Feeling broke despite an increase in income can be caused by different factors, which include […].....»»
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......»»
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% […].....»»
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......»»
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......»»
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......»»
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......»»
Apex Mining Q1 profit: P853-M (+55%)
Apex Mining reported a Q1 net income of P853 million, up 55% y/y from its Q1/23 net income of P549 million......»»
AllHome FY23 profit: P797-M (down 15%)
AllHome posted a FY23 net income of P797 million, down 15% from its FY22 net income of P933 million......»»
Metro Retail Earns PHP618 Million in 2023; Continues Initiatives for Growth
For the full year 2023, Metro Retail Stores Group, Inc. (MRSGI) reported an aggregate net income of PhP618.0 million vs PhP917.3 million in 2022, a slippage of 32.6%. In terms of core net income which excludes one-time gains such as accounting adjustment on leases and insurance claims in 2022, the Company’s earnings were down only […].....»»
Cebu-based Metro retail posts P618 million net income in 2023
Cebu-based Metro retail posts P618 million net income in 2023.....»»
Balai ni Fruitas logs P59 million in net income in 2023
Balai ni Fruitas logs P59 million in net income in 2023.....»»
ICT FY23 net income down 17% to US $511-M
International Container Terminal Services, the multi-national port operator owned by Enrique Razon, posted FY23 net income of $511 million, which was down 17% from FY22’s $618 million due to a “non-recurring and non-cash impairment of goodwill” related to ICT’s acquisition of Pakistan International Container Terminal, and to various other increases in expenses and liabilities......»»
STI Education Systems Q2 profit up 84% y/y to P498-M
STI Education Systems posted a Q2/24 net income of P498 million, up 84% y/y from its Q2/23 net income of P271 million......»»
Market still not conducive for IPO
PNB Holdings Corp., a wholly-owned subsidiary of the Philippine National Bank, is ready to conduct an initial public offering, according to Carlu Fernandez, Philippine Airlines’ general counsel, but market conditions are still not conducive to an IPO at this time......»»
GSIS, PNB allot P1.2 billion for affordable housing
State-run pension fund Government Service Insurance System has teamed up with Lucio Tan-led Philippine National Bank to earmark P1.2 billion to construct affordable houses and address the backlog in the country......»»