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Megaworld Hits Record Financial Performance in 2023, Income up 26% to P19.4 Billion
Megaworld Corporation, the country’s premier township developer, achieved a landmark milestone in its financial performance for the year 2023 as its full-year net income surged by 26% to P19.4 billion. Its consolidated revenues, on the other hand, rose by 17% to P69.7 billion. Net income attributable to the parent company’s shareholders also jumped by 29% […].....»»
IT-BPM revenue hits $35.5 billions
Revenues of the information technology-business process management industry climbed by more than nine percent to hit $35.5 billion in 2023 from $32.5 billion in 2022......»»
Completion of new projects boosts ALLHC’s hopes this year
The completion of new projects is seen boosting the financial performance of AyalaLand Logistics Holdings Corp. (ALLHC) this year after lower revenues pulled down the company’s earnings in 2023......»»
‘Use PPPs for infrastructure, not to raise revenues’
A member of a losing consortium in the privatization of the Ninoy Aquino International Airport has urged government to stop using revenue gains as a bid parameter in awarding public-private partnership projects......»»
SM Investments FY23 net income up 25% to P77-B
SM Investments teased its FY23 results with a headline 25% improvement in its net income to P77.0 billion, backed by an 11% increase in consolidated revenues and strong performances across its portfolio, particularly in the banking and property development segments......»»
China Bank nets record P22 billion
Higher core business revenues boosted the net income of Sy-led China Banking Corp. by 15 percent to hit an all-time high of P22 billion in 2023......»»
More Infra Needed as BPO Workers Rises to 1.7 Million Workers by End of 2023
The business process outsourcing in the Philippines employed a total of 1.7 million workers and generated revenues worth at least 35 billion USD at the end of 2023, according to a report. But for the local industry not to get left behind by other countries, stakeholders want continued investment in infrastructure, real estate, reliable internet, […].....»»
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......»»
Online shopping for duty-free merchandise launched
Government-owned Duty Free Philippines seeks to increase its revenues this year by double digits by launching an online platform for its products......»»
P.7 million cockfight derby earnings stolen
An employee of a cockpit arena lost P700,000 in cockfight derby revenues to an unidentified man, who allegedly robbed her at gunpoint in Alfonso, Cavite yesterday morning......»»
To raise gov’t revenues, Recto says solution need not involve new taxes
New Finance Secretary Ralph Recto says non-tax efforts like helping businesses comply with the law will help government meet its revenue targets.....»»
Revenue loss due to PIFITA may hit P126 billion
The government may have to forgo P126 billion in revenues over the next five years from the remaining tax reform package that seeks to simplify the tax system......»»
New finance chief eyes carbon tax
Newly installed Finance Secretary Ralph Recto is pursuing the tax reform proposals of his predecessor, starting with the imposition of a carbon tax in a bid to generate additional revenues and address environmental concerns......»»
Recto urged to pursue progressive taxes
Newly appointed Finance Secretary Ralph Recto should backpedal from pursuing consumption-based taxes and instead focus on more progressive ones in order to generate revenues amid the country’s limited fiscal space, economists said......»»
LRT-1 Cavite Extension Phase 1 nearly completed at 98.2% progress rate
The construction of the LRT-1 Cavite Extension Phase 1 is progressing as scheduled at 98.2% completion rate, as it remains on track for its target commercial opening in the fourth quarter of 2024......»»
Shares rebound as May inflation stays within target
The stock market bounced back after a major sell-off the previous day as investors stayed positive despite higher inflation rate announced in May......»»
Lespu sugatan sa illegal gambling operation
SUGATAN ang isang pulis-Cavite nang maputukan ito ng hinihinalang look-out sa isang pasugalan na target ng anti-illegal gambling operation ng pulisya sa Dasmariñas City, Cavite noong Lunes. The post Lespu sugatan sa illegal gambling operation first appeared on Abante......»»
BOC sakalam sa paghamig ng buwis
PATULOY ang pagtaas ng revenue collection efficiency ng Bureau of Customs (BOC) matapos nitong malampasan ang kanilang collection target sa limang magkakasunod na buwan. The post BOC sakalam sa paghamig ng buwis first appeared on Abante......»»
Inflation likely stayed elevated in May – BSP
Driven by more expensive power rates and a weaker peso, inflation may have accelerated within the 3.7 to 4.5 percent range in May, possibly breaching the two to four percent target for the first time in six months, according to the Bangko Sentral ng Pilipinas (BSP)......»»
Faster GDP growth seen in 2nd quarter
he country’s gross domestic product growth will likely accelerate to 5.9 percent in the second quarter from 5.7 percent in the first quarter, supported by high employment, government spending and within-target inflation, according to First Metro Investment Corp. and University of Asia and the Pacific......»»