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    Tag: Net Income

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    BPI posts ₱16.6B net income in 1Q

    Corporate Context.ph Context.ph -
    The Bank of the Philippine Islands (BPI) reported a net income of ₱16.6 billion for the first quarter as strong revenue growth offset increased operating expenses and provisions for credit losses.

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    Factory activity slowed in November

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    The S&P Global Manufacturing PMI, a lead indicator that tells on key metrics such as output growth and inflation, dropped to 47.4 from 50.1 in October. Anything below 50 means the sector is shrinking. This also marks the biggest decline since August 2021.

    Aboitiz Power says unit SNAP disputing compliance penalty

    Energy 0
    Aboitiz Power Corporation disclosed that its joint venture, SN Aboitiz Power-Magat, Inc. (SNAP Magat), is contesting a penalty issued by the Enforcement and Compliance Office of the Philippine Electricity Market Corp over alleged dispatch-schedule violations last June.

    Hotel101 eyes EUR85.8M revenue from Milan project

    Corporate 0
    Hotel101 Global Holdings Corp. has locked in a joint venture to build a roughly 429-room Hotel101 in San Donato Milanese, the Nasdaq-listed hospitality platform’s boldest push yet into Europe.

    Foreign-backed firms partner in Quezon wind project

    Energy 0
    The Triconti Windkraft Group has teamed up with Singapore-based Levanta Renewables to develop a new onshore wind farm in Atimonan, Quezon. The project secured incentives under the government’s fourth Green Energy Auction (GEA4), the companies announced Sunday.

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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    BSP honors fin-ed champions, expands digital initiatives

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    The Bangko Sentral ng Pilipinas (BSP) recognized the country’s top financial education advocates and formalized a new digitalization partnership with the Department of Information and Communications Technology (DICT) during the Financial Education Stakeholders’ Congress held on 17–18 November at the BSP head office in Manila.
    Top News

    Factory activity slowed in November

    0
    The S&P Global Manufacturing PMI, a lead indicator that tells on key metrics such as output growth and inflation, dropped to 47.4 from 50.1 in October. Anything below 50 means the sector is shrinking. This also marks the biggest decline since August 2021.
    Energy

    Aboitiz Power says unit SNAP disputing compliance penalty

    0
    Aboitiz Power Corporation disclosed that its joint venture, SN Aboitiz Power-Magat, Inc. (SNAP Magat), is contesting a penalty issued by the Enforcement and Compliance Office of the Philippine Electricity Market Corp over alleged dispatch-schedule violations last June.
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