DFNN Group and Spain's CIC Consulting Informático (CIC), a leader in digital transformation and technology solutions, have signed a strategic joint venture agreement to generate new prospects in the technology sector. The collaboration will allow the joint venture to expand into new markets, gain market share, and provide innovative goods and services that match the changing needs of businesses and investors.
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PSE Approves Listing of Alternergy Holdings Corporation’s Preferred Shares Subscribed by GSIS3/20/2024 Alternergy Holdings Corporation (PSE: ALTER), a renewable energy pioneer, has gained approval from the Philippine Stock Exchange (PSE) to list preferred shares subscribed to by the state-owned Government Service Insurance System (GSIS). The listing on the PSE Main Board will take place tomorrow, March 22, 2024, under the ticker ALTP2.
First Gen Corporation, the Lopez Group's clean and renewable energy provider, announced a 4% increase in attributable recurring net income for 2023, reaching US$277 million (P15.4 billion) from US$265 million (P14.3 billion) in 2022. Energy Development Corporation's (EDC) geothermal portfolio generated record earnings due to increased operational revenue as energy prices rose. The Parent also contributed to the greater 2023 income by benefiting from increased interest income due to better yields on its domestically generated funds.
The leading developer in Mindanao and the Visayas, Cebu Landmasters Inc. (CLI), reported a 29% year-on-year rise in consolidated net income to P4.64 billion. Additionally, CLI reported a noteworthy increase in net income to its stockholders, rising from P3.17 billion to P3.58 billion, a 13% increase. The growth is credited to a strong 20% increase in consolidated revenue, which came to P18.8 billion from all sources of income, mostly from real estate sales and hotel operations and leasing.
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For the first time since 2019, the Bank of the Philippine Islands (BPI) successfully entered the international capital markets with a public USD bond sale of US$400 million in 5-year Reg S senior unsecured notes (Notes).
In order to transition 33 facilities in Greater Metro Manila to 100% renewable energy (RE), ACEN's supply retail unit, ACEN Renewable Energy Solutions (ACEN RES), has partnered with PLDT Inc. (PLDT), a leading integrated telecommunications network in the Philippines.
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), announced a record-breaking P2.8 billion in net profits for the year 2023. This is a 56% increase over the P1.8 billion the previous year.
Citicore Energy REIT Corp. (CREIT) declared a cash dividends amounting to P0.054/share – 10% higher than the P0.049/share dividend declared in the previous quarter. This brings total dividends declared out of full year 2023 net income to P0.199 per share, 9% higher than that of 2022 at P0.183 per share.
DigiPlus Interactive Corp. (DigiPlus), the country's fastest-growing digital entertainment business, released its financial results for the fourth quarter and full year ended December 31, 2023, based on unaudited financial statements.
Repower Energy Development Corporation (REDC), a subsidiary of Pure Energy Holdings, said that the Department of Energy has awarded the business 500 MW of Wind Energy Service Contracts, allowing REDC to expand its portfolio of clean-energy plants across the country.
D.M. Wenceslao & Associates, Inc.'s (DMW) 2023 net income climbed more than threefold to P7.3 billion from P2.1 billion in 2022, driven by strong leasing, consistent residential growth, and one-time profits.
The leading Philippine producer of nickel ore, Global Ferronickel Holdings, Inc. (FNI), reported P8.8 billion in sales, P2.8 billion in operating income, P1.5 billion in net income attributable to shareholders, and P0.3022 in earnings per share (EPS) for 2023.
Renewable energy pioneer Alternergy Holdings Corporation (Alternergy) awarded China Energy Engineering Group Guangdong Electric Power Design Institute Co. Ltd. (GEDI) and GEDI Construction Development Corporation (GCDC), a Philippine subsidiary of GEDI, the Balance of Plant (BOP) Engineering, Procurement and Construction (EPC) contract for its Alabat and Tanay Wind Power Projects, with a combined capacity of 163 MW.
LT Group, Inc. (LTG) reported an attributable net income of P25.42 billion in 2023, a 1% increase over P25.14 billion in 2022.
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BLOGGER Hi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. PLACE YOUR ADS HERE FOLLOW ME ON FACEBOOK & X Categories
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