PXP Energy Corporation reported H1-2024 results. Core Net Loss was lower at P9.5 million (6M 2023: P13.4 million) due to a higher average crude oil price, higher volume lifted from Galoc operations, a slight reduction in overhead, and a lower interest expense net. Consolidated Net Loss Attributable to Equity Holders of the Parent Company was also lower at P9.2 million (6M 2023: P12.7 million).
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Aboitiz Equity Ventures Inc. (AEV) recorded consolidated net income of P11.5 billion for the first half of 2024, a 10% increase from the P10.5 billion reported for the first half of 2023. Excluding non-recurring net gain of P83 million, the Company’s core net income for the first half of 2024 was P11.4 billion, which was 2% higher than the Company’s core net income of P11.1 billion during the corresponding period in 2023.
Yuchengco-led PetroGreen Energy Corporation and Isuzu Partner on 3MWp Laguna Solar Rooftop Project7/24/2024 Yuchengco-led PetroGreen Energy Corporation (PGEC) and Isuzu Autoparts Manufacturing Corporation (IAMC) signed on July 23, 2024, a contract for the installation of a 3.002 megawatt peak (MWp) rooftop solar project at IAMC’s manufacturing facility in Laguna. The project will commence during the 3Q of 2024 and is expected to be completed by 2Q 2025. Upon completion, it will be among the largest commercial and industrial (C&I) rooftop solar facilities in Laguna.
Filinvest Hospitality Corporation is set to develop a 730 square meter prime property in Camp John Hay, Baguio City, after winning the bid for a six-year lease contract offered by the Bases Conversion and Development Authority (BCDA) and John Hay Management Corporation (JHMC). The official signing of the agreement took place on Tuesday, July 23, 2024, at the BCDA Office in Taguig City.
Pryce Corporation (PPC) achieved an increase in its net income by 61% for the first half of the year 2024 (H1-2024), from last year’s P819.68 million to this year’s P1.32 billion. PPC’s H1-2024 consolidated revenues, however, was flat at this year’s P9.54 billion compared to last year’s P9.58 billion.
BDO Unibank, Inc. (BDO) successfully raised P55.7 billion in fresh funds in its third Peso-denominated ASEAN Sustainability Bond issue, more than 11x oversubscribed vs. the original offer of P5 billion. The issuance was supported by strong demand from both retail and institutional investors that also prompted the early closing of the offer period on July 16, 2024.
Globe, a leading digital platform in the Philippines with major interests in telecommunications, financial technology, digital marketing solutions, venture capital funding, data insight services, virtual healthcare and e-mobility, announced today that it has achieved a milestone in its partnership with Frontier Tower Associates Philippines Inc. (Frontier Towers) with the closing of the last batch of towers comprising 1,037 sites for a cash consideration of P13.17 billion. These tower assets are composed of 84% ground-based towers and 16% rooftop towers. The transfer wraps up Globe’s tower sale to Frontier Towers following the closing of a total of 3,529 towers since 2022
Open innovation is key to building technologies that benefit everyone. Llama 3.1, Meta's open-source large language model, is now available, providing people with access to new and improved AI capabilities.
Aboitiz Power Corporation’s (AboitizPower) beneficial EBITDA grew by 8% year-on-year to P36.3 billion for the first half of 2024, driven by higher generation portfolio margins. This also resulted in growth in beneficial EBITDA for the second quarter of 2024 at P19.9 billion, 6% higher than the P18.7 billion beneficial EBITDA in the same period in 2023.
The share of digital payment transactions to total monthly retail payments in the Philippines grew from 42.1 percent in 2022 to 52.8 percent in 2023, according to the 2023 Report on E-Payments Measurement of the Bangko Sentral ng Pilipinas (BSP).
The Maharlika Investment Corporation (MIC) has finalized its investment and risk management framework as well as secured its membership in the International Forum of Sovereign Wealth Funds (IFSWF), giving it authority to begin engaging with investors and gain access to tap global network of experts.
The Department of Trade and Industry (DTI) signed a landmark Memorandum of Understanding (MOU) to launch the Sari-sari Store Advancement Program, aimed at empowering over one million sari-sari store owners across the Philippines.
Cebu Pacific (CEB), Airbus, and Pratt & Whitney, held an official ceremony to commemorate a binding memorandum of understanding (MOU) signed for CEB’s purchase of up to 152 A321neo aircraft for estimated USD 24 billion (P1.4 trillion) based on list prices, the largest aircraft order in Philippine aviation history. Pratt & Whitney is an RTX business.
The Bangko Sentral ng Pilipinas (BSP) welcomes the passage of Republic Act No. 12010 or the Anti-Financial Account Scamming Act (AFASA) that aims to combat financial cybercrimes, safeguard the interests of financial consumers, and uphold the integrity of the financial system.
Atlas Consolidated Mining and Development Corporation (Atlas Mining) posted revenues of P12.47 billion, a 23% growth from last year. Net income ended at P2.07 billion for the first half of 2024.
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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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