Anticipated operating expense hikes push PAL 1Q income 25% lower to $81 million
Philippine Airlines (PAL) on Thursday reported comprehensive income dropping 25 percent to USD81 million in the first three months this year from USD108.2 million in the same period in 2023.
MPTC seen rounding Jasamanga transaction in three months
Metro Pacific Tollways Corp. (MPTC) anticipates completing its acquisition of a 35 percent stake in an Indonesian state-owned toll road operator by July or August this year.
Palay output lower than initially estimated—PSA data
Palay production in the first quarter was down 1.97 percent to 4.69 million metric tons, the latest estimate of the Philippine Statistics Authority showed.
PLDT completes subscription to 34.9% of Radius Telecom
PLDT Inc., the largest integrated telecommunications group in the country, said Thursday it has completed its investment in Radius Telecoms Inc., an indirect subsidiary of energy distributor Manila Electric Co.
Higher interest income, lower expenses drive PNB profit in 1Q
Philippine National Bank, the country’s seventh largest bank by assets, reported Thursday a 10 percent increase in its first-quarter net income to P5.31 billion on account of higher interest income and fee-based revenue, and lower expenses and provisions for impairment, credit and other losses.
