Filinvest Land, Inc. Declares P0.05 Cash Dividends Per Common share, a 32% Dividend Payout Ratio4/21/2024 Filinvest Land Inc. (FLI), optimistic and well-positioned for expansion following its good financial performance in 2023, declared a cash dividend of P0.05 per common share, reflecting a 32% dividend payout ratio, the highest since 2014.
0 Comments
During BDO Unibank, Inc.'s (BDO) 2024 Annual Stockholders' Meeting, President and CEO Nestor V. Tan revealed that the bank's net income increased from P57.1 billion in 2022 to P73.4 billion in 2023 due to development in its core businesses. The Bank maintained its momentum in the first quarter of 2024, with net income up 12% to P18.5 billion from P16.5 billion in the same period last year. Return on Common Equity (ROCE) stood at 14.3% in the first quarter of 2024.
Rockwell Land Corporation Reported P3.4 Billion in Consolidated Net Income After Tax for FY20234/21/2024 Rockwell Land Corporation ended the year 2023 with a consolidated net income after tax of P3.4 billion. It is a 31% increase from previous year and has surpassed pre-pandemic level. P3.1 billion is attributable to Parent company.
The Securities and Exchange Commission (SEC) has made permanent the cease and desist order (CDO) against Maria Francesca Tan (MFT) Group of Companies, Inc. and Foundry Ventures I, Inc., along with their officers and agents.
In order to support the expansion of solar energy in the Philippines, PetroGreen Energy Corporation, a subsidiary of publicly traded PetroEnergy Resources Corporation, a member of the Yuchengco Group of Companies, and Trina Solar, a leader in smart PV and energy storage solutions globally, signed a master supply agreement (MSA).
Haus Talk, Inc. (HTI) succeeded the groundbreaking ceremonies for two new projects in Antipolo City that are adjacent to one another, marking a significant step toward addressing the region's need for affordable housing. Antipolo is the cornerstone of HTI's development success, as it has solidified its base and acquired important knowledge about homeowner wants.
China Banking Corporation Announced P5.9 Billion in Record Cash Dividends, an Increase of 16%4/20/2024 China Banking Corporation (Chinabank) announced that its Board of Directors declared a P1.20 per share regular cash dividend and an additional P1.00 per share special cash dividend, which will be paid on May 16, 2024, to all stockholders on record as of May 3, 2024. The regular cash dividend increased by 20% from P1.00 per share the previous year.
Basic Energy Corporation and its prestigious partner, RENOVA Inc., signed a Joint Development & Shareholders Agreement (JDSHA), marking a major milestone in the company's renewable energy activities. This significant agreement solidifies the two businesses' strategic partnership and marks a significant advancement in the Mabini Wind Power Project's development.
A Memorandum of Agreement was signed with Balai ni Fruitas Inc., a well-known counter-service bakery operator in the Philippines, to purchase the 40-year-old legacy brand and other assets associated with the Sugarhouse business.
One of the world's largest coconut water brands, Vita Coco, and Axelum Resources Corp., the country's top fully integrated manufacturer and exporter of premium coconut goods, inked a multi-year agreement. With this contract renewal, two industry leaders who are well-positioned to profit from the steady growth of the global coconut water market in the upcoming years have formalized their strategic relationship.
D&L Industries is leading the way in the Philippines towards a circular economy through its subsidiaries, First in Colours, Incorporated (FIC) and D&L Polymer & Colours, Inc. (DLPC). The company is the first to offer technologies that revitalize plastics that are typically deemed low-value or non-recyclable, like single-use plastics.
Megaworld Corporation Completes Secondary Share Sale of 40.65 Million MREIT, Inc. Common Shares4/19/2024 The Board of Directors of Megaworld Corporation (Megaworld or MEG), the township developer, notifies MREIT, Inc., its REIT subsidiary, that the sale of 40.65 million common shares in MREIT through a block sale transaction has been approved.
Hotel 101 Global Pte. Ltd. (Hotel101 Global), in partnership with renowned engineering firms Kamita Sekkei and Technocrew, and with Iwata Chizaki Inc., the project's contractor, agrees to build the ecologically conscious Hotel101-Niseko. This project solidifies the partners' shared goal of developing a property that not only satisfies eco-efficient operational requirements but also establishes a standard for sustainability in this region.
BDO Unibank, Inc. earned P18.5 billion in the first quarter of 2024 due to the continued strength of its core businesses, up 12% from the same period last year. This yielded an annualized Return on Common Equity (ROCE) of 14.3% in the first quarter of 2024.
Gotianun-led EastWest Bank (EW) made exceptional development once more, reporting its financial results for 2023 and highlighting a good performance with a net income of P6.1 billion, a 32% increase over the previous year. This expansion has been fueled primarily by significant consumer loan growth and good deposit generation, with the bank's return on equity (ROE) reaching 9.5%.
|
PLACE YOUR ADS HERE Join and Subscribe to my Newsletter. It's FREE! EMAIL SUBSCRIPTION
ABOUT THE
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
All
|