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Landbank sees 2-digit earnings this year
Land Bank of the Philippines is looking at a double-digit growth in net income this year following a record performance in 2023......»»
Double-digit growth in bank lending seen this year
The Philippine banking sector is expected to book double-digit growth in loan disbursements this year on the back of robust economic growth, according to BMI Country Risk & Industry Research......»»
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......»»
UBS sees 2-digit credit growth for Philippines banks
Banks operating in the Philippines are expected to post a double-digit credit growth this year on the back of robust economic expansion, according to banking giant UBS......»»
Stocks advance anew on rosy corporate earnings
Local stocks advanced for a second consecutive session as rosy corporate earnings provided a boost to investor sentiment......»»
Stocks rebound as Wall Street bounces back
Local stocks bounced back yesterday to close the week on a positive note as the local bourse mirrored gains in the US market......»»
Stocks rebound on encouraging GDP numbers
Local stocks rebounded from a two-day slump after Philippine economic growth was reported at 5.6 percent yesterday......»»
Stock market update: S& P 500 reaches all-time high following strong jobs report and impressive tech earnings.
Stocks closed the week on a positive note as the U.S. job market showed robust growth and tech companies delivered impressive earnings. The S&P 500.....»»
Davies Paint’s Buhawe logs double-double game to beat Landlite
CEBU CITY, Philippines — John Terrence Buhawe carried Davies Paint on his back as they narrowly beat Landlite, 58-55, in the Cebu Architects Basketball Club (CABC) 6th Corporate Cup, on Sunday, April 28, at the Benedicto College Cebu City gymnasium. Buhawe erupted for a double-double performance to give Davies Paint a much-needed win to stay.....»»
Jarrett Allen makes Cavs history in win over Magic
Jarrett Allen set a franchise record with his 12th consecutive double-double, scoring 14 points and grabbing 11 rebounds as the Cleveland Cavaliers rolled to a 126-99 road blowout of the Orlando Magic on Monday. Allen surpassing Elmore Smith and Andre Drummond — with whom Allen was tied for the Cavaliers’ double-double mark coming into the.....»»
Banking, power, property drive up FDC profit
Strong contributions from the banking, power and property businesses fueled a double-digit earnings growth for Filinvest Development Corp. in the first quarter......»»
Lotto, digit games suspended over Holy Week – PCSO
Lotto and other digit games will be suspended from Maundy Thursday to Easter Sunday, March 28 to 31, in observance of Lent, the Philippine Charity Sweepstakes Office announced yesterday......»»
NBA: James triple-double pulls Lakers past Grizzlies
LeBron James returned from a one-game absence to post a 23-point triple-double on Wednesday and lead the Los Angeles Lakers to a 136-124 NBA victory over the Memphis Grizzlies. James sat out the Lakers’ come-from-behind double-overtime victory over the Milwaukee Bucks on Tuesday with a sore left ankle. READ: NBA: Giannis tows Bucks over Thunder .....»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
High enrollment boosts STI earnings in 9 months
STI Education Systems Holdings Inc., the owner of the largest network of private schools in the country, saw its earnings nearly double in the nine-month period ending March on the back of higher enrollment numbers during its current academic year......»»
Diaz double champ in San Jose netfest
Jana Diaz flashed top form at the San Jose SALT National Juniors Tennis Championships, stunning the top two seeds in the girls’ premier division to emerge as “double” winner at the Jethro Sports Center in Valenzuela City over the weekend......»»
Diaz pulls off double in PPS SALT tennis tilt
Jana Diaz flashed top form at the San Jose SALT National Juniors Tennis Championships, stunning the top two seeds in the girls’ premier division to emerge as the lone “double” winner at the Jethro Sports Center......»»
BSP boss shines spotlight on insider trading
As reported by the BusinessMirror, BSP Governor Eli Remolona gave a speech at the Manila Polo Club to a meeting of Rotary Club members where he noted the problem of insider trading, citing the specific example of how “nothing moves” when listed companies report overwhelmingly positive earnings because those trades were placed ahead of the announced earnings......»»
Triple-double party: Doncic, Jokic all-around threats in big wins
Luka Doncic celebrates his 25th birthday with his 67th career triple-double with the Mavs as Nikola Jokic continues to make another MVP case, tallying his fourth straight and 19th overall triple-double for the Nuggets this season.....»»
NBA: James has triple double as Lakers outgun Warriors in thrilling double-OT game
SAN FRANCISCO — LeBron James made a pair of free throws with 1.2 seconds left in the second overtime to cap his triple-double of 36 points, 20 rebounds and 12 assists, outdueling Stephen Curry as the Los Angeles Lakers held off the Golden State Warriors 145-144 on Saturday night. Curry hit a go-ahead 3-pointer with.....»»