Globe Telecom Inc. reported a 48 percent increase in net income to P26.5 billion in the first nine months this year versus same period last year while consolidated service revenues hit P118 billion, up three percent year-on-year. Globe said the huge jump in net income was due to one-time gains from...
Philippine Airlines, Inc. (PAL) reported a total comprehensive income of P9.58 billion for the first 9 months of 2022, a significant turn-around from a total comprehensive loss of P27.19 billion in the same period last year. Consolidated revenues soared 204 percent to P97.77 due to the growth in...
Cebu Air, Inc. (CEB) lost P12.046 billion for the first nine months of 2022, 45.2 percent lower than the P21.993 billion net loss it incurred in the same period last year. CEB netted foreign exchange losses of P3.858 billion from the weakening of the Philippine peso against the US Dollar from P51...
Pure-play, high-speed fixed broadband operator, Converge Information and Communications Technology Solutions, Inc. hauled in P24.5 billion revenues in the first nine months of 2022, versus the same period last year, up 30.0 percent and netted P6.107 billion earnings, up 17.5 percent. Revenues from...
(Photo courtesy: SWS) Forty percent of adult Filipinos believed that their lives "got worse off in the past 12 months," latest survey results of the Social Weather Stations (SWS) showed. Based on the survey conducted on Dec. 12 to 16, 2021, 40 percent of the respondents said "their quality-of-life...
HMG-telephonyu Around 5,000 customers nationwide availed of local telcos' mobile number portability (MNP) service in the first three months, the Telecommunications Connectivity Inc. (TCI) reported Dec. 23, 2021. TCI is the joint venture which DITO Telecommunity (DITO), Globe Telecom Inc. (Globe)...
A Taguig healthcare worker (in yellow) receives her Pfizer-BioNTech vaccine booster shot at SM Aura in Taguig (Ali Vicoy) The Philippines has allowed the administration of COVID-19 booster shots for fully vaccinated adult individuals three months after receiving their second dose, the Department of...
86207658-56E7-4604-A1A0-E340CC9303B6 AirAsia Philippines reported stronger key operational metrics, leading other carriers in the AirAsia Group Berhad as it posted 167 percent increase in passengers year-on-year (YoY) and a 5 percent increase quarter-on-quarter (QoQ), with a healthy 77 percent load...
1200px-Dito-logo.svg After consolidating the financials of DITO Telecommunity Corp (DITO Tel) into its third quarter report, DITO CME Holdings Corp (DITO CME) bled P2.808 billion as operating expenses ballooned in the wake of its telco business' nationwide rollout. DITO CME generated P327 million...
ati_headoffice With sustained trade recovery amid the Covid-19 pandemic, Asian Terminals Inc. (ATI) hit one-million-teu (twenty-foot equivalent units) at the end of the third quarter and hauled in P8.22 billion revenues for the first nine months of 2021, 3.2 percent higher than the same period last...
PAL-Aircraft_316x210px-1 After slashing operating expenses in the first nine months of 2021, PAL Holdings Inc., the parent company of flag carrier Philippine Airlines (PAL), managed to stem its hemorrhage, bringing down losses from P28.58 billion in the same period in 2020 to P21.61 billion this...
Globe Telecom Inc. registered a 13 percent growth in profit in the first three-quarters of the year due to rising data consumption and broadband usage.
Despite economic and public mobility challenges due to the pandemic, Globe posted P18.3 billion in consolidated net income in January to...
