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San Miguel income soars to P44.7 billion in 2023

Diversified conglomerate San Miguel Corp. expects to sustain its growth momentum this year after earnings soared in 2023 on the back of significant volume growth across its key businesses......»»

Category: financeSource: philstar philstarMar 15th, 2024

SSS revenue soars to P362 billion in 2023

The mandatory contribution hike and the increase in new members boosted the revenues of state-run pension fund Social Security System to P362 billion last year......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

Pagcor profit soars to P6.82 billion in 2023

Earnings of state-run Philippine Amusement and Gaming Corp. surged by more than 50 percent to nearly P7 billion last year as the gambling sector bounced back and exceeded pre-COVID levels......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

Meralco powers core income higher by 11 percent to P10.1 billion in Q1

Pangilinan-led power firm Manila Electric Co. reported a consolidated core net income of P10.1 billion in the first quarter, up by 11 percent from P9 billion in the same period last year......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2024

Jollibee FY23 profit: P8.8-B (up 16%)

Jollibee posted an FY23 net income attributable of P8.8 billion, up 16% from its FY22 net income of P7.6 billion. Systemwide sales were up 16.3% to P345 billion, with the biggest growth coming from China (+21.9%), the Philippines (+17.6%) and EMEA (+16.0%)......»»

Category: financeSource:  philstarRelated NewsMar 13th, 2024

Manila Water core income up 3-fourths to P9.6 billion

said its core income in 2023 expanded by three-fourths year-on-year to P9.6 billion on the back of higher consumer demand driven by better economic conditions......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

Landbank income exceeds P40 billion mark

State-run Land Bank of the Philippines expects its income to reach P45 billion this year after overshooting its 2023 bottomline target......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

PBB nets P1.82 billion in 2023

Philippine Business Bank posted a net income of P1.82 billion in 2023, up 39.1 percent or P513 million from the P1.31 billion recorded in 2022, the bank said in a disclosure to the Philippine Stock Exchange......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2024

GSIS income surges to P113 billion in 2023

The earnings of state-run Government Service Insurance System jumped by 70 percent to P113.3 billion in 2023 from P66.4 billion in 2022 on the back of strong revenues from financial assets and investments......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

RCBC income hits all-time high in 2023

Rizal Commercial Banking Corp. grew its net income by 15 percent to hit a record P12.22 billion in 2023, fueled by faster-than-industry loan and deposit growth......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

The biggest infra company

San Miguel Corp. president and CEO Ramon S. Ang and Metro Pacific Investments Corp. chair, president and CEO Manuel V. Pangilinan are talking to merge their respective tollways operations – SMC Tollways (under San Miguel Infrastructure Holdings) and Metro Pacific Tollways Corp. MPIC......»»

Category: newsSource:  philstarRelated NewsMar 13th, 2024

SMC launches PHL’s first complete biodiversity offset Site in Bulacan

San Miguel Aerocity, Inc. (SMAI), a subsidiary of San Miguel Corporation (SMC), has inaugurated its Saribuhay sa Dampalit project in Barangay Pamarawan, Malolos, Bulacan. This pioneering initiative marks the launch of the Philippines’ first Biodiversity Offset Program (BOP)  — part of the company’s nature-based solutions to building its New Manila International Airport project (NMAI) in ….....»»

Category: filipinoSource:  hatawtabloidRelated NewsFeb 25th, 2024

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......»»

Category: newsSource:  rapplerRelated NewsFeb 16th, 2024

Bye, long hair: Kyt Jimenez honors dare after San Miguel title romp

San Miguel rookie Kyt Jimenez lets his teammates cut his long hair, submitting to a dare to mark his first PBA championship.....»»

Category: newsSource:  rapplerRelated NewsFeb 15th, 2024

San Miguel wins PBA Commisioner Cup crown

San Miguel wins PBA Commisioner Cup crown.....»»

Category: newsSource:  sunstarRelated NewsFeb 15th, 2024

Apex Predator: San Miguel’s Perez sweetens fruitful career with Finals MVP hardware

It was a long and winding road for San Miguel guard CJ Perez, but “The Predator” finally got his PBA Finals Most Valuable Player plum......»»

Category: sportsSource:  philstarRelated NewsFeb 15th, 2024

Valentine’s coronation: San Miguel lifts 29th PBA title after impassioned comeback

CJ Perez takes over in the fourth quarter as San Miguel finishes off Magnolia in Game 6 to rule the PBA Commissioner's Cup.....»»

Category: newsSource:  rapplerRelated NewsFeb 14th, 2024

Fajardo goes against doctor’s advice to help San Miguel near PBA title

Despite dealing with calf issues and being advised to rest, June Mar Fajardo still helps San Miguel close in on the PBA Commissioner's Cup crown.....»»

Category: newsSource:  rapplerRelated NewsFeb 12th, 2024

Back in rotation, Simon Enciso keys San Miguel closer to PBA crown

Simon Enciso milks every bit of his surprise starting role after playing spot minutes the entire playoffs as San Miguel moves on the cusp of the PBA Commissioner's Cup title.....»»

Category: newsSource:  rapplerRelated NewsFeb 12th, 2024

San Miguel s Enciso plays inspired game in front of dad in huge Game 5 win

Playing in front of his father who has not seen him play live for about a decade made San Miguel's Simon Enciso’s big Game 5 performance more special......»»

Category: sportsSource:  philstarRelated NewsFeb 11th, 2024

LIVE UPDATES: San Miguel vs Magnolia – PBA Commissioner’s Cup Finals Game 5

Looking to sustain its sensational turnaround, Magnolia shoots for a third straight win and a 3-2 lead against San Miguel in Game 5 of the PBA Commissioner's Cup finals.....»»

Category: newsSource:  rapplerRelated NewsFeb 10th, 2024