Balita.org: Your Premier Source for Comprehensive Philippines News and Insights! We bring you the latest news, stories, and updates on a wide range of topics, including politics, culture, economy, and more. Stay tuned to know everything you wish about your favorite stars 24/7.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

UPS latest news

More
Filinvest Development FY23 profit: P12.1-B (up 46%) - philstar.com - Philippines

Filinvest Development FY23 profit: P12.1-B (up 46%)

Filinvest Development [FDC 5.67 unch; 1% avgVol] [link], the Gotianun Family’s mid-tier conglomerate, posted an FY23 consolidated net income of P12.1 billion, up 46% from its FY22 consolidated net income of P8.3 billion. Revenues were up 31% to P92.8 billion, driven by “double-digit improvement across all business segments”; banking was up 35% (EastWest Bank [EW 9.12 unch; 111% avgVol]), real estate up 20% (Filinvest Land [FLI 0.68 unch; 7% avgVol]), hospitality up 77%, power up 35%, and sugar up 16%. FDC said that the key to its success was a “renewed focus on the fundamentals of our business and staying true to our key strategic imperatives and reliance on our core strengths as an organization.” 

Read More
International - PAL spending P75 billion this year to support growth - philstar.com - Philippines

PAL spending P75 billion this year to support growth

Following great annual earnings reports by both Philippine Airlines [PAL 5.70, up 2.1%; 137% avgVol] and Cebu Pacific [CEB 31.65 unch; 388% avgVol], both domestic airlines have pledged to spend a great deal of money to expand networks, buy new planes, and service existing planes. CEB [link] said that it will spend around P50 billion in what it called “mostly aircraft-related capex” which will include the purchase of 16 new planes, to be funded through internally generated funds. CEB expects to grow its capacity by 5% to 8% this year. PAL [link] said that it will spend approximately P25 billion for aircraft and other capex needs, with 80% of that amount going to the refurbishment of its existing A321ceo planes. PAL said that it doesn’t expect to receive any new planes until 2025 (A350-1000s) and 2026 (Airbus 321-231 neos).

Read More
Brix Lelis - DigiPlus allots up to P2B for 2024 capital expenditures - manilatimes.net - Philippines

DigiPlus allots up to P2B for 2024 capital expenditures

GAMING and leisure firm DigiPlus Interactive Corp. is allocating up to P2 billion for capital expenditures (capex) this year, with at least half of the amount going toward technological and game development.

Read More
The Manila Times - FDCP meets AFS school reps for film use in classrooms - manilatimes.net - Philippines - county La Salle - city Manila - city Sanchez

FDCP meets AFS school reps for film use in classrooms

THE Film Development Council of the Philippines (FDCP) will reconvene with representatives of Academic Film Society (AFS) member schools this Friday, April 5, 2024 «to discuss the current trends and happenings concerning film education in the country.»

Read More
Brix Lelis - Jollibee to boost investment in Titan Dining - manilatimes.net - Philippines - Usa - region Asia-Pacific

Jollibee to boost investment in Titan Dining

RESTAURANT chain operator Jollibee Foods Corp. (JFC) is looking to beef up its expansion in the Asia-Pacific region with a S$90-million capital commitment to Titan Dining II LP (Titan Fund 2).

Read More
Agence FrancePresse - World facing last chance to keep pandemic accord alive - manilatimes.net - France - Ukraine - Netherlands - county Geneva

World facing last chance to keep pandemic accord alive

GENEVA: Countries thrashing out a historic agreement on tackling future pandemics must use April to bridge their differences because failure cannot be an option, the negotiations co-chairman told Agence France-Presse.

Read More
Franco Jose C Baro - PNR Manila closure to speed up NSCR construction - manilatimes.net - Philippines - city Manila

PNR Manila closure to speed up NSCR construction

THE five-year closure of the Metro Manila line of the Philippine National Railways (PNR) would result in long-term benefits for commuters, said PNR Chairman Michael Ted Macapagal.

Read More
Alexis Romero - International - Marcos names UP economics professor as finance undersecretary - philstar.com - Philippines - Usa - Saudi Arabia - city Sangguniang - city Manila, Philippines

Marcos names UP economics professor as finance undersecretary

MANILA, Philippines — President Marcos has appointed University of the Philippines Economics associate professor Renato Reside as undersecretary of the Department of Finance (DOF), the Presidential Communications Office announced yesterday.

Read More
Load More
DMCA