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 national government's budget deficit declined in the first three-months of the year after revenues grew by double-digits, outpacing the increase in public spending, the Bureau of the Treasury reported. On Wednesday, April 27, the Treasury bureau showed that the government incurred a P316.8...
PLDT Inc. expects another breakout year for its Enterprise business as the economy opens up following the COVID-19 pandemic. 77489 “We anticipate Enterprise revenues would grow on the back of the gradual reopening of businesses and opportunities to serve the needs of global hyperscalers with our...
76184 Smart Communications, Inc. (Smart) recorded 42.6 million active data users in 2021, up 11 percent versus the preceding year with the easing of mobility restrictions. "We are confident that with the easing of mobility restrictions, the increase in economic activity and the growing adoption of...
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...
CEBU CITY — The province of Cebu is poised to cement its status as the richest province in the country. This, after the province hit its revenue target last year. Cebu province collected P5 billion in revenue in 2020 and is likely to remain as the country's richest province.(Photo via Calvin D....
The core net income of power utility giant Manila Electric Company (Meralco) went up by 13 percent to P24.608 billion last year compared to the leaner P21.711 billion in 2020 due to robust energy sales. On the distribution firm’s reported net income, this climbed significantly by 44 percent to...
AirAsia Ancillary Products Earnings from inflight food, baggage allowances and other ancillary products can boost the 2022 revenues of airlines because half of Filipino travelers, five out of ten, purchase them during flight, according to AirAsia Philippines executives. “Even though flight...
PLDT Home is expected to be a major driver for the telco giant’s revenues this year as it launches additional products, according to Chairman Manuel V. Pangilinan. Already, PLDT Home has connected over 800,000 households to date, supporting both work-from-home and online learning in the...
The Duterte administration’s budget deficit registered only a marginal increase last November owing to improved revenue collections, data from the Bureau of the Treasury showed. The national government incurred a P128.7 billion fiscal gap last month, up by only 0.33 percent compared with P128.3...
Muntinlupa emerged as one of the 10 top performing cities in local revenue generation in the country in 2020. The Bureau of Local Government Finance under the Department of Finance issued the list of the national top performing provinces, cities and municipalities in local revenue generation for...
Petron nets P4.99-B in 9 months Myrna M. Velasco Leading oil firm Petron Corporation reported a net income of P4.99 billion in nine months this year, reversing a P12.6 billion in net loss in the same period last year. In a statement, the firm noted it continues “to show recovery amid the pandemic...
