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How does LTG derive income from PNB when PNB hasn’t declared dividends?
I’m not an accountant, this is a massive generalization, and there are a lot of edge cases, but the answer is that the financial statements of subsidiary companies are consolidated at the parent company level......»»
SEC clears CLI’s preferred shares offer
The Securities and Exchange Commission (SEC) has cleared the planned public offering of up to P5 billion worth of preferred shares by Cebu Landmasters Inc. (CLI)......»»
PNB asset sale seen to yield P5.4 billion
Philippine National Bank will raise at least P5.41 billion from the disposition and monetization of foreclosed assets in Makati, Mandaluyong and Quezon City next month......»»
Philippine prosecutor clears ex-President Duterte of making on-air death threat - BenarNews
Philippine prosecutor clears ex-President Duterte of making on-air death threat BenarNews.....»»
DoubleDragon bolstering asset portfolio
DoubleDragon Corp., the property developer chaired by Edgar “Injap” Sia II and Tony Tan Caktiong, is bolstering its asset portfolio this year as the company looks to sustain its momentum after profit grew by nearly a quarter last year......»»
ED attaches asset worth Rs 70 lakh in bank fraud implicating Hyderabad-based Jasleen Enterprises
New Delhi [India], March 28 (ANI): The Directorate of Enforcement (ED) has attached an immovable property valued at Rs 70 lakh in a bank fraud case involving Jasleen Enterprises headquartered in Hyderabad. The Hyderabad division of the ED attached the fixed asset in accordance with the stipulations outlined in the Prevention of Money Laundering Act (PMLA) of 2002. ED initiated investigation on the basis of First Informati.....»»
Indian banking sector continues to improve with better asset quality, high credit growth: Survey
New Delhi [India], March 21 (ANI): The health of the Indian banking sector continues to improve with better asset quality and high credit growth, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) showed. The eighteenth round of the survey was carried out for the period July to December 2023. Those banks that were surveyed together represent about 77 per cent of the banking i.....»»
Sulaiman retracts statement, clears Jumawan of fraud charge
Sulaiman retracts statement, clears Jumawan of fraud charge.....»»
Metrobank earns record P42.2 billion in 2023
Metropolitan Bank & Trust Co. posted record-high earnings of P42.2 billion in 2023, driven by asset expansion, higher margins, improving efficiency levels and better asset quality......»»
SEC orders Infinity8 to halt operations
The Securities and Exchange Commission has flagged another entity for soliciting investments from the public without the necessary permits.In a Jan. 16 order, the SEC en banc directed Infinity8Networks Digital Services OPC to immediately cease and desist from further engaging in the unlawful solicitation, offer, and/or sale of securities in the form of investment contracts without the necessary license from the SEC......»»
SEC clears OceanaGold IPO
The Securities and Exchange Commission has approved the P7.88 billion initial public offering of OceanaGold (Philippines) Inc......»»
Solons support transfer of Quiboloy’s cases to Manila
Lawmakers express frustration on fugitive preacher Apollo Quiboloy for his “disrespect of law and due process” to face legal charges filed against him and are supporting plans from the justice department to transfer the cases from Davao to Manila......»»
Quiboloy case transfer request submitted
The Office of the Court Administrator, which is under the Supreme Court, has submitted its recommendation on the request of the Department of Justice to transfer Pastor Apollo Quiboloy’s cases from Davao City to Pasig City......»»
Only 14 Manokan Country tenants to transfer to SM hub
Only 14 Manokan Country tenants to transfer to SM hub.....»»
Tourists transfer to Cordova as Lapu-Lapu City imposes environmental fee
LAPU-LAPU CITY, Cebu — Several local and foreign tourists who had booked island hopping tours in Lapu-Lapu City decided to transfer to Cordova town on Wednesday, May 1, 2024, reportedly to avoid paying the P100 environmental fee implemented starting that day. According to Mark Ramirez, a pump boat operator, around four of their bookings from.....»»
Quiboloy s case transfer recommendation sent to SC — SC spox
Supreme Court spokesperson Camille Sue Mae Ting on Tuesday said that the Office of the Court Administrator (OCA) has submitted to the high court its recommendation concerning the transfer of the case of fugitive doomsday preacher Apollo Quiboloy from Davao City court to another court. .....»»
DOJ eyes transfer of Quiboloy’s Davao cases to another court
However, Supreme Court spokesperson Camille Ting said that the high court has yet to issue a resolution for the transfer of the preacher’s case......»»
DA chief orders transfer of suspended NFA supervisors’ authority
The transfer of authority of suspended warehouse supervisors of the National Food Authority has been ordered by Agriculture Secretary Francisco Tiu Laurel Jr. yesterday as NFA facilities remain closed amid the suspension order of the Office of the Ombudsman......»»
Unused lands transferred from Sablayan, Iwahig penal farms can be reverted to BuCor — DOJ
In a five-page legal opinion penned by Justice Secretary Jesus Crispin Remulla, the BuCor can “revoke the transfer” of some parcels of land from the Sablayan Prison and Penal Farm in Occidental Mindoro and Iwahig Prison and Penal Farm from the DA and Puerto Princesa LGU after its purpose of the transfer of lands was not fulfilled. .....»»
All set for transfer of first 8 Philippine eagles to new breeding sanctuary
DAVAO CITY (MindaNews / 10 February) – Preparations are now in full swing for the transfer of the first eight Philippine eagles to the isolated National Bird Breeding Sanctuary (NBBS) in Barangay Eden, Toril District on Tuesday, February 13, a Philippine Eagle Foundation (PEF) official said Friday. PEF communications officer Nathaniele Noelle Nuelan told MindaNews the raptors […].....»»