Revenue stream from its Dinginin coal-fired power plant had been the main driver of Aboitiz Power Corporation’s income surge to P17.8 billion in the first half, 79 percent jump from P10 billion in a comparative period last year. The income surge was largely boosted during the second quarter...
Filipino-led Citicore Energy REIT Corp. (CREIT), which is the first renewable energy company in the country to undergo real estate investment trust (REIT) listing , posted marginal income growth of just 2.0-percent in the first quarter this year to P304.96 million from P300.30 million last year. On...
Growing power demand in the Mindanao grid boosted the Alcantara-led Alsons Consolidated Resources Inc. (ACR) to register a 67 percent increase in net income to P542.27 million in the first quarter this year from P342 million in the same period last year. Following that level of profitability, the...
Taxpayers were reminded by the Bureau of Internal Revenue (BIR) that they have until Monday, May 15, to submit their quarterly income tax return for individuals, estates, and trusts. (File photo) This deadline also applies to eligible self-employed individuals and professionals who wish to avail of...
Owing to inventory losses that weighed down its overall financial performance within January to March this year, Shell Pilipinas Corporation logged a net loss of P300 million within the quarter, substantially reversing a hefty income of P3.5 billion in the same period last year. If reckoned on core...
Senator Joseph Victor “JV” Ejercito on Wednesday, May 10 sponsored the proposed Automatic Income Classification of Local Government Units (LGUs) or Senate Bill No. 2165, one of the priority measures of the Marcos administration. The bill primarily seeks to institutionalize the...
Leading oil firm Petron Corporation reported that its consolidated net income in the first quarter this year slightly dropped to P3.4 billion versus last year’s more upbeat bottom line of P3.6 billion due to higher financing cost. “The increase in financing cost was partly tempered by the...
A total of 1,370 IT business process management (ITBPM) firms with combined investments of P8.185 billion have transferred their registration to the Board of Investments (BOI) from other investment promotion agencies (IPAs) to continue enjoying fiscal perks even if they operate under the...
As the deadline for the filing and payment of the 2022 Annual Income Tax Return (AITR) approaches, the Presidential Communications Office (PCO) has reminded the public to maximize the Bureau of Internal Revenue (BIR)'s "File and Pay Anywhere" setup. *Presidential Communications Office / Facebook* In...
Shell Pilipinas Corporation has joined the league of corporates that have been showing financial rebound from the scourge of the coronavirus pandemic, having registered a net income of P4.1 billion, or 6.0-percent higher from a leaner P3.9 billion earnings in 2021. In a statement to the media, the...
Citicore Energy REIT Corp. (CREIT), the real estate investment trust (REIT) vehicle of the Citicore group, has posted 454 percent increase in net income to P1.25 billion in 2022 from P226 million in the previous year. According to CREIT President and CEO Oliver Tan, the upturn in profitability of...
Buoyed by pandemic recovery-underpinned energy sales and its Singapore power asset, the consolidated core income of power utility giant Manila Electric Company (Meralco) climbed by 10-percent to P 27.105 billion in 2022 from P24.6 billion in the prior year. For the company’s reported income, this...
