Gov’t seeks $500-million climate risk loan from WB
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RESIDENTS are seen fleeing their homes due to floods, Oct. 23, 2020. The Philippines is one of the most disaster-prone countries in…
PHL may find it difficult to return to pre-pandemic growth momentum
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Economic managers are targeting 6-7% gross domestic product (GDP) growth this year. — PHILIPPINE STAR/EDD GUMBAN THE PHILIPPINES may find it difficult…
Sy conglomerate reports 33% profit rise to P17B
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SM INVESTMENTS Corp. (SMIC) posted a consolidated net income of P17.3 billion in the first quarter, up 33.1% from a year ago,…
Ayala income up 31% to P10B on units’ strong results
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AYALA Corp. booked a 30.9% increase in attributable net income for the first quarter to P10.22 billion from P7.81 billion the previous…
Megaworld net income rises 33% on sustained business recovery
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MEGAWORLD Corp. on Wednesday reported an attributable net income of P4.1 billion in the first quarter, up 33% from last year, driven…
DMCI Holdings income falls 32% to P7.6B on past year’s high base
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DMCI DMCI Holdings, Inc. reported on Wednesday that its attributable net income fell by 32% in the first quarter to P7.62 billion…
Petron’s net income declines 5.6% to P3.4B on rising costs
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PETRON Corp. registered a net income of P3.4 billion in the first quarter, down by 5.6% from P3.6 billion last year, due…
Co-Led holdings firm books 14% higher profits
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COSCO Capital, Inc. posted a 14.4% increase in its consolidated net income to P3.1 billion in the first quarter from P2.7 billion…
Bloomberry net profit quadruples to P3B on gaming demand
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BLOOMBERRY Resorts Corp.’s net income in the first quarter rose by more than four times to P2.98 billion from P686.67 million a…
Jollibee’s earnings decline 11% to P2B; franchise deal for PHO24 stores terminated
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JOLLIBEE Foods Corp. reported a nearly 11% decrease in attributable net income for the first quarter to P2.06 billion from P2.31 billion…