Tag: Meta

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Meta’s profit fall on tax charge, shares down on AI spending concern

Corporate Context.ph Context.ph -
Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, reported a steep decline in third-quarter net income to USD 2.71 billion, driven by a one-time, non-cash charge tied to the implementation of the One Big Beautiful Bill Act.

Meta posts strong 2Q earnings, shares soar

Corporate Context.ph Context.ph -
Meta, the parent company of Facebook and Instagram, reported stronger-than-expected quarterly results on Wednesday, sending its shares surging to record highs.

Meta earnings up on ad growth momentum

Corporate Context.ph Context.ph -
Meta Platforms Inc., parent company of Facebook, Instagram, and WhatsApp, posted stronger-than-expected first-quarter earnings, lifted by robust advertising revenues and continued momentum in artificial...

Scam Watch to Meta: Keep FB from being ‘scammers’ playground’

Communications & Technology Context.ph Context.ph -
Meta, the parent company of Facebook and Instagram, has announced a renewed push to curb spammy content across its platforms—but Scam Watch Pilipinas isn’t...

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PAL partners with Rolls-Royce for new A350 engines and maintenance support

Transport & Logistics 0
Philippine Airlines (PAL) has entered into a deal with Rolls-Royce to supply 18 units of Trent XWB-97 engines for nine additional Airbus A350-1000 aircraft, with provisions to cover up to five more planes should PAL exercise its existing purchase rights. Alongside the engine supply agreement, the two parties also signed a separate deal for Rolls-Royce’s TotalCare service, which will manage the full health monitoring and maintenance requirements of the expanded fleet.

GSIS boosts Megawide stake with share purchase

Corporate 0
The Government Service Insurance System (GSIS) has emerged as one of Megawide Construction Corp.'s biggest local institutional investors after raising its stake to 9.5 percent, a move that signals growing confidence in the engineering firm's infrastructure pipeline and long-term growth prospects.

Philippine building permits fall for second straight month

Economy 0
Construction activity lost momentum in May as fewer projects secured permits, signaling a softer pipeline for the property and infrastructure sector despite resilient spending on residential developments.

BIR, tech alliance tighten tax rules for online sellers

Communications & Technology 0
The Bureau of Internal Revenue (BIR) is deepening its partnership with the Alliance of Tech Innovators for the Nation (ATIN) to boost tax compliance among online sellers, combining taxpayer education with tougher enforcement as the country's digital economy continues to expand.

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