PSBank’s 2020 net income before provisions surges to 31%
Philippine Savings Bank’s (PSBank) operating income surged to 31% before provisions to Php7.45 billion last year. This enabled the Bank to set aside additional loan loss provisions to three times over to Php6.40 billion in view of the ongoing pandemic conditions. The Bank closed 2020 with Php1.108 billion net income. “On the back of a […] The post PSBank’s 2020 net income before provisions surges to 31% appeared first on Daily Tribune......»»
DOJ charges 2 alleged NPA financiers with terrorism financing
According to the DOJ, the case stemmed after reports that Dumlao and Tolentino possessed firearms and ammunition without a clear source of income or apparent purpose......»»
Public utility trike operators urged to renew franchise, warned vs overpricing
THE Davao City Transport and Traffic Management Office (CTTMO) conducted a dialogue with the different Tricycle Operators and Drivers’ Associations (Todas) of Toril District to remind drivers of the provisions of the Traffic Code of the City......»»
Upson International FY23 profit: P464-M (down 13.7%)
Upson International, the IT retailer primarily operating through the Octagon retail brand, teased its FY23 financial results headlined by a 13.7% dip in net income to P464 million......»»
NEWS BRIEFS | 26 March 2024
P101-M sea wall to rise in Surigao Sur town A P101.3 million sea wall will be constructed in Marihatag, Surigao del Sur to protect lives and properties from storm surges there. Rep. Romeo Momo (1st District, Surigao del Sur) led the ground breaking of the Marihatag Seawall Project last Sunday, March 24. “The project is a […].....»»
Upson income drops despite record revenue
Listed IT products retailer Upson International Corp. posted record high revenue in 2023 but lower gross margin and higher expenses dragged down profit for the year......»»
Training on COA compliance for government institutions
To guide government institutions on their compliance with the Commission on Audit Circular 2020-006, the Center for Global Best Practices will be launching a two-session online training titled “COA Guidelines and Procedures for One-Time Cleansing of Property, Plant and Equipment Account Balances” on April 18 and 19, 2024 from 1:30 to 4:45 p.m. via Zoom......»»
DA, DTI urged to enforce stricter price monitoring during Holy Week
A lawmaker has called on the Department of Agriculture and the Department of Trade and Industry to keep an eye on possible price surges during the Holy Week and set suggested retail price on basic commodities......»»
First Gen income up 4 percent to P15.4 billion in 2023
Lopez-led power firm First Gen Corp. grew its income by four percent to P15.4 billion in 2023, from the previous year’s profit of P14.3 billion, mainly due to contributions from its geothermal subsidiary Energy Development Corp......»»
Insurance penetration rate slips further to 1.6 percent
The insurance industry saw its net income rise to P48 billion last year, but its contribution to the overall economy slipped further for the second straight year to only 1.6 percent......»»
Microsoft Stock Surges with AI PCs and Copilot News
Microsoft made waves in the tech world today as it announced its first AI-powered PCs at a digital event. The new devices, the Surface Pro.....»»
Cebu Landmasters FY23 profit: P4.6-B (up 29%)
Cebu Landmasters [CLI 2.85 unch] [link] teased its FY23 performance at an analyst briefing where it revealed full-year net income of P4.6 billion (up 29%) and total revenues of P18.8 billion (up 20%)......»»
Trump predicts the end of U.S. democracy if he loses 2024 election
WASHINGTON (Reuters) – Donald Trump said on Saturday if he does not win November’s presidential election it will mean the likely end of American democracy. The Republican presidential candidate, speaking to supporters in Ohio, made the claim after repeating his baseless assertion that his 2020 election defeat to Democratic President Joe Biden was the result.....»»
4 PH medicinal herbs for gout, pain relief pass clinical trials
MANILA, Philippines — Back in the 1970s, the government had a dream of providing cheap medicines for Filipinos, especially the poor, who are often left out of health care. Dr. Cecilia Lazarte, director of the Institute of Herbal Medicine of UP Manila’s National Institutes of Health, stressed in 2020 the importance of research on the.....»»
Abra Mining investors turning up the heat on SEC and PSE to resolve unlisted shares issue
Shareholders of Abra Mining, together with stockbroker Victor Dominquez, are seeking a Congressional inquiry into “the alleged failure of the SEC and PSE to formalize charges against the executives of Abra Mining...” for their role AR’s sale of shares which were unlisted and unregistered during the “basura” (garbage) stock frenzy that heated up in late 2020 and overboiled in early 2021......»»
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.....»»
Owner of loose ostriches indicted
The owner of two ostriches that ran loose in a private subdivision in Quezon City at the height of the COVID pandemic in 2020, one of which later died due to alleged extreme stress, was indicted and is set to undergo trial......»»
Senior moments
As of 2020, there were 9,242,121 senior citizens or those above 60 years old in this country, as recorded by the Philippine Statistics Authority......»»
Royval seeks redemption vs Moreno in UFC Fight Night
The rematch between the two Brandons is the main event of the evening and is a sequel of sorts to their November 21, 2020 battle in UFC 55......»»
Will Lin play against Gilas?
Nine-year NBA veteran Jeremy Lin is eligible to play for Chinese-Taipei against Gilas in the FIBA Asia Cup qualifying window game at the PhilSports Arena on Feb. 25. He could suit up as a naturalized “import,” having acquired a Taiwan passport in August 2020 or as a local if FIBA grants an exception like it did with Indonesian-American Brandon Jawato.....»»
First Bulacan, now NAIA: San Miguel-led group will operate Philippines’ main airport
(1st UPDATE) Ramon Ang first reached for the skies in 2020 when he snapped up the franchise for an international airport in Bulacan. Now, San Miguel and its partners have bagged an even bigger prize in NAIA......»»