(PhilHealth / MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) reported Friday that it posted a net income of P32.84 billion last year. The agency said that the figure was "higher by P2.8 billion or a growth of nine percent from the previous year." "Revenues from health...
As Covid-19 restrictions ease and consumers favor a more digital lifestyle, PLDT Inc. hauled in ₱46.4 billion consolidated service revenues (net of interconnection costs) in the first quarter of 2022, up 3 percent from the same period last year, resulting in 56 percent increase in net income to...
The consolidated net income of leading oil firm Petron Corporation jumped significantly in the first quarter to P3.6 billion, more than double the P1.7 billion earnings logged in the same period last year, on brisk sales due to the relaxation of Covid-related mobility restrictions,. The oil firm...
The consolidated net income of listed firm Aboitiz Power Corporation significantly dropped by 53 percent to P2.9 billion in this year’s first quarter from heftier earnings of P6.2 billion on a comparative period in 2021. The company qualified that last year’s income had just been higher because...
UnionBank recorded a net income of P2.6 billion in the first quarter of 2022. This translated to a return on equity of 9.2%. The Bank’s recurring income grew 21% versus the same period last year as net interest income increased by 12% to P8.1-billion and fee-based income more than doubled to...
On account of energy sales uptrend topping 6 percent, the consolidated core net income of Manila Electric Company (Meralco) improved by 10 percent to P5.624 billion in the first quarter this year versus P5.113 billion in the same period in 2021. In a briefing with reporters, Meralco Chief Finance...
The Bureau of Internal Revenue (BIR) has extended up to April 18 the deadline for the filing of 2021 income tax return (ITR). BIR Commissioner Caesar Dulay (Photo courtesy of BIR Facebook page) BIR Commissioner Caesar R. Dulay moved the original April 15 deadline as it is a holiday, Good Friday....
Personal income tax (PIT), which is withheld from an employee's salary and paid to the government, remained a major revenue stream for the government despite the lowering of rates on individual taxpayers and the pandemic-induced economic slowdown. Data released from the Department of Finance (DOF)...
Barely two weeks after its initial public offering (IPO), Citicore Energy REIT Corporation (CREIT) has declared cash dividend of P0.035 per share; and it is expecting that to increase to P0.18 per share for year 2022. The initially declared cash dividend represents 102-percent of the estimated P229...
Having logged consolidated net income growth hitting P5.3 billion last year, Ayala-led energy firm ACEN Corporation will also be on its massive-scale capital spending to the tune of P55.5 billion this 2022 for its expansion projects in the Philippines as well as offshore markets. The firm’s...
Vice presidential candidate Davao City Mayor Sara Duterte-Carpio has underscored the need for income reclassification among local government units (LGUs) to strengthen the economic performance and operational capacities of towns across the country. Vice presidential candidate Davao City Mayor Sara...
To progress from being a middle-income to upper-middle income country status by the end of the year – and attain high-income country status in one generation. This is the lofty goal of the National Innovation Council (NIC), according to Socioeconomic Planning Secretary Karl Kendrick T. Chua who...
