Ginebra 1Q sales rise on volume gain, price hike; other income drop hit profit
Ginebra San Miguel Inc., the liquor arm of the San Miguel Group, saw net profit in the first quarter dropped to P1.91 billion from P2.53 billion, which included a large earnings gain recognized from the transfer of rights to the Don Papa rum and cocktail products.
Robinsons Land declares record high cash dividend on strong earnings
Robinsons Land Corp., the real estate arm of the Gokongwei Group, will distribute to shareholders a record high P3.15 billion, or P0.65 per share, cash dividend, a move that returns a significant amount of capital to investors on the back of strong earnings.
National government debt rise at the end of March to P14.93 trillion
The National Government added in the first three months of this year a total P309.45 billion to its outstanding debt, pushing the total to P14.93 billion, up 2.1 percent from December and 7.2 percent from the end of March 2023.
CDO water board threatens bulk water service provider with persona non grata declaration
The Cagayan de Oro Bulk Water Inc. (COBI) is aghast at the prospect of being declared persona non grata by the Cagayan de Oro Water District (COWD) which owes it large amounts of money for services already delivered but remains unpaid at present.
GCash unit takes on micro-borrowers neglected by banks
GCash lending arm Fuse Lending, Inc. has partnered with e-commerce platform Lazada Philippines to help support Filipino entrepreneurs in the form of cash loans to eligible platform sellers.
