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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......»»
AC Bonifacio buys van as 1st big girl purchase
Dancer-actress AC Bonifacio bought herself a van as her first major purchase......»»
MRC Allied buys 31% stake in Rappler
MRC Allied disclosed that it has agreed to purchase the entirety of Dolphin Fire Group’s 31.2% interest in Rappler Holdings Corp, which is the parent company of the Rappler news company......»»
SM Investments buys 28.79% stake in CREIT for P5-B
SM Investments spent P5 billion to purchase 1,884,374,000 shares of Citicore Energy REIT from CREIT’s parent company, Citicore Renewable Energy Corp., at a price of P2.6534/share......»»
Jollibee buys 10% stake in Botrista for $28-M
Jollibee disclosed that it purchased a 10% stake in Botrista, a “leader in the beverage technology space”, for $28 million through its subsidiary, Jollibee Worldwide Pte. Ltd......»»
PLDT buys 35% of Meralco unit
Telco giant PLDT Inc. is showing no signs of slowing down its broadband expansion, this time investing P2.12 billion to acquire more than a third of shares in a sister subsidiary......»»
Dito ends Smart’s streak as Philippines fastest operator
Industry disruptor Dito Telecommunity Inc. outpaced its competitors in the speed contest in the first quarter, showing its aggressive stance despite its young network and financial struggles......»»
Tower companies pool in for 4G, 5G infrastructure
Two independent tower companies – Phil-Tower Consortium Inc. and Miescor Infrastructure Development Corp. – are set to form a joint venture company for 4G and 5G mobile network infrastructure in the country......»»
Globe to verify identity of 61 million users
Globe Telecom Inc. has initiated the authentication of each and every subscriber identity module (SIM) in its network to weed out mobile numbers involved in fraudulent activities......»»
Dito wants to capture 20 percent of market
Telco newcomer Dito Telecommunity Inc. has set its sights on cornering up to 20 percent of the market for mobile users, as the company shifts its focus from network expansion to customer acquisition......»»
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.....»»
Marcos orders agencies to create masterlist of government-owned lands
President Ferdinand Marcos Jr. has ordered the creation of an inter-agency coordinating council that will complete an inventory of all government-owned lands for its strategic use. .....»»
Dangerous move
The Court of Appeals may have cleared the way for a telecommunications company operating in the Philippines and partly owned by a Chinese state-owned enterprise to secure radio telecom frequency that can be used to enhance China’s espionage and surveillance capabilities and endanger the Filipinos’ constitutional right to privacy, according to local telco Now Telecom......»»
Jollibee invests more in Titan Dining
Filipino-owned Asian food conglomerate Jollibee Foods Corp. has expanded its investments Titan Dining Partners Ltd., which manages Titan Dining LP, the private equity fund which owns the Tim Ho Wan brand and company-owned Tim Ho Wan stores......»»
Higher education and how to improve it
The joint resolution of the House and the Senate proposes to amend the restrictive provisions of the 1987 Constitution by adding the phrase, “Unless provided by law,” to the general provisions of Article XIV, Paragraph 2, which provides that all educational institutions shall be owned solely by citizens and corporations or associations at least 60 percent owned by Filipinos......»»
Dominic Roque s condo owned by male politician, alleged reason for breakup with Bea Alonzo — Cristy Fermin
Veteran showbiz columnist Cristy Fermin claimed that Dominic Roque's high-end condominium is owned by a male politician. .....»»
Sagay LGU-owned piggery farm free from ASF: PVO
Sagay LGU-owned piggery farm free from ASF: PVO.....»»
AbaCore to explore sale of Mabini lot for P307-M
AbaCore [ABA 1.07 unch] [link] disclosed that its board of directors approved a plan to sell a wholly-owned subsidiary called Omnilines Logistics International Network (OLIN), which owns a 30,117 sqm lot in Mabini, Batangas......»»
TV host-actress halos isumpa ng mga dating katrabaho: Nang-iwan sa ere!
NANG umalis ang actress-host sa TV Network kung saan siya sumikat nang husto ay maraming nagalit dahil wala raw siyang utang na loob. Ang TV network ang naging daan kaya gumanda ang buhay ng aktres kasama ang buong pamilya at maituturing na isa siya sa pinaka-may kayang personalidad ngayon. Naiintindihan ng mga boss ng network.....»»
Boy Abunda, nagsalita na tungkol sa paglipat ng TV network
AMINADO ang King of Talk na si Boy Abunda na sobrang nami-miss na talaga niya ang hosting at mag-interbyu ng mga celebrities. Inamin niya ito sa amin sa kauna-unahang face to face presscon niya after the pandemic para sa Sendwave international remittance app na siya ang endorser. Nasa punto din daw siya ngayon na pinag-iisipan […] The post Boy Abunda, nagsalita na tungkol sa paglipat ng TV network appeared first on Pinoy Parazzi......»»