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SM Prime rethinking 2024 SM REIT listing plans

Property developer SM Prime added to concerns that it might delay the IPO of its monster $1 billion REIT when one of its directors, Hans Sy, said that the company’s cashflow is “very strong”, and that while he’s “not ruling [an SM REIT IPO] out this year”, he doesn’t yet see a “purpose” to “immediately go into an IPO”......»»

Category: financeSource:  philstarRelated NewsJan 30th, 2024

Abacus Securities thinks SM REIT and Prime Infra IPOs will be delayed and that GCash IPO will happen overseas

Nicky Franco, head of research for Abacus Securities, said that the SM REIT and Prime Infrastructure mega-IPOs will probably not happen in 2024 based on PSE President Ramon Monzon’s expectation of about P40 billion in total IPOs this year on the PSE......»»

Category: financeSource:  philstarRelated NewsJan 17th, 2024

Catch wall built in Brgy. Nabang to protect motorists

Samar First District Engineering Office has completed the construction of a concrete catch wall in Brgy. Nabang, Calbayog City, Samar with a total revised contract amount of P38.40 million funded under the General Appropriations Act (GAA) 2023......»»

Category: sportsSource:  abscbnRelated NewsMar 15th, 2024

GSIS income rises to P37 billion in January-March

The Government Service Insurance System saw its net income jump by 20 percent to hit P37 billion during the first quarter on the back of strong revenues from financial assets and investments......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2024

SSS net income soars to all-time high of P83B in 2023

MANILA,  Philippines  —The Social Security System (SSS) posted a net income of P83.13 billion in 2023, exceeding by 62.8 percent its target  of P51.06 billion for the year and the highest attained so far by the state pension fund. Based on its unaudited financial statement, the SSS said the 2023 bottom line market a big jump.....»»

Category: newsSource:  inquirerRelated NewsFeb 25th, 2024

Philippines- New Drug War Declared in Davao City - Human Rights Watch

Click to expand Image Sebastian Duterte, currently the mayor of Davao City, delivers a speech at a campaign rally in Davao City, the hometown of his father, then-President Rodrigo Duterte, May 10, 2019. 2019 Kyodo via AP Images (Manila) The mayor of Davao City in the Philippines, Sebastian Duterte, recently declared a new war on drugs, suggestive of the abusive campaign of his father, former President Rodrigo Duterte, Hum.....»»

Category: newsSource:  manilanewsRelated NewsApr 13th, 2024

12 people jailed over storming of legislature in 2019 protests

12 people jailed over storming of legislature in 2019 protests.....»»

Category: newsSource:  sunstarRelated NewsMar 17th, 2024

Michigan reports first measles case since 2019 outbreak: What to know

Michigan health officials have confirmed the state’s first case of measles since the 2019 outbreak, with a child in Oakland County testing positive for the.....»»

Category: newsSource:  thedailyguardianRelated NewsFeb 26th, 2024

Jericho Rosales, Kim Jones buwag na niadtong 2019 pa

Si Jericho Rosales ug ang iyang asawa nga si Kim Jones nagkabuwag na niadtong 2019 pa. Kini gibutyag sa ilang suod nga higala ug ninong nga si Ricco Ocampo ngadto sa ABS-CBN News niadtong Lunes, Enero 29. Kini nagtapos sa dugay na nga hugon-hugon kabahin sa pagkabungkag sa ilang kaminyoon. Matud ni Ocampo nga si.....»»

Category: newsSource:  inquirerRelated NewsJan 29th, 2024

CSC affirms 2019 decision: Libre guilty of malpractice

CSC affirms 2019 decision: Libre guilty of malpractice.....»»

Category: newsSource:  sunstarRelated NewsJan 14th, 2024

Shell Pilipinas profit tumbles to P1.2 billion in 2023

The earnings of Shell Pilipinas Corp. plunged by 70.7 percent to P1.2 billion in 2023 from P4.1 billion in 2022 on the back of declining global fuel prices and elevated interest rates......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 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

UnionBank profit down 28 percent to P9.2 billion in 2023

The earnings of Union Bank of the Philippines dropped by 27.8 percent to P9.2 billion in 2023 from P12.74 billion in 2022, as the listed bank booked higher provisioning and integration costs from the takeover of the retail banking business of global banking giant Citi in the Philippines......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

GOCCs’ dividend remittance bumped up to 75 percent of earnings

The Department of Finance has increased the dividends to be collected from state-run firms to up to 75 percent of their earnings as the government looks for more revenues for the country’s development needs......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2024

Robinsons Retail posts higher earnings in Q1

Higher sales from new stores and sustained demand in the food retail and drugstores segments boosted earnings of Gokongwei-owned Robinsons Retail Holdings Inc. in the first quarter......»»

Category: financeSource:  philstarRelated NewsApr 26th, 2024

Strong corporate earnings boost market

The stock market advanced for a fifth straight session yesterday as strong corporate earnings in the first quarter helped buck negative cues from Wall Street overnight......»»

Category: financeSource:  philstarRelated NewsApr 26th, 2024

BDU Unibank Inc. 2024 1st quarter earnings at P18.5B, up by 12%

BDU Unibank Inc. 2024 1st quarter earnings at P18.5B, up by 12%.....»»

Category: newsSource:  sunstarRelated NewsApr 21st, 2024

Fruitas earnings soar in 2023

Listed food and beverage retail operator Fruitas Holdings Inc. saw its earnings soar in 2023 on the back of all-time high annual revenues......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2024

Groupwide improvements boost FDC earnings by 58%

Filinvest Development Corp. the listed conglomerate of the Gotianun family, saw its earnings rise by more than half last year on the back of a double-digit improvement across all business segments......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2024

GT Capital posts record high core earnings in 2023

GT Capital Holdings Inc., the listed conglomerate of the Ty Group finished 2023 with all-time high core earnings, buoyed by record-setting financial results from core businesses......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024