Capitol revenue at P4.3B as of October

Morexette Marie B. Erram 12/08/2021

CEBU CITY, Philippines – As of October, the Cebu Provincial Government has collected 78.18 percent of its target revenue of P5.5 billion for 2021. Records from the Provincial Treasurer’s Office showed that the Capitol already posted an…

Cebu Province is now debt-free proclaims Gwen

Mae Fhel Gom-os 08/06/2021

CEBU CITY, Philippines – With no existing loans or financial obligations from any institution, and with surging assets and increasing income, you can’t really blame Cebu Governor Gwendolyn Garcia to feel extra proud these days. Garcia announced…

Visayan Electric posts P2.26 B income in 2019

Rosalie O. Abatayo 05/19/2020

CEBU CITY, Philippines — Visayan Electric Company has reported a net income of P2.6 billion for 2019, the company told its shareholders during its Annual Shareholders Meeting on Tuesday, May 19, 2020. Engineer Raul Lucero, Visayan Electric’s…

Clearer picture

05/04/2020

Income reports for the first quarter of the year are starting to paint a grim picture for many companies adversely affected by the coronavirus pandemic. The impact on businesses is mostly unfavorable, except for a very few…

Important tips for the coming year

Immae Lachica 12/31/2019

  CEBU CITY, Philippines— The year 2019 has taught us a lot of things, especially in dealing with our personal issues. It taught many of us to be more mature in handling personal stuff. So this 2020,…

Former Finance Secretary De Ocampo favors TRABAHO Bill, sees tax compromise for ecozone firms

Irene R. Sino Cruz 08/10/2019

CEBU CITY— Former Finance Secretary Roberto De Ocampo favors the Tax Reform for Attracting Better and Higher-quality Opportunities (TRABAHO) bill, the second package under the administration’s comprehensive tax reform program (CTRP).  “The thrust of the administration in…

Cebu Holdings posts record net income

Irene R. Sino Cruz 04/15/2019

CEBU CITY, Philippines–Cebu Holdings Inc. registered a net income of P857 million, company president Aniceto Bisnar Jr. said during the stockholders’ meeting held on Monday, April 15. “This is 14 percent higher than our income from the…

Pagbilao, Bukidnon plants help fuel AboitizPower’s P1.3B income growth in 2018

03/11/2019

CEBU CITY, Philippines — AboitizPower, Aboitiz Group’s holding company for investments in power generation, distribution, and retail electricity services, partly attributed the company’s P1.3 billion income growth in 2018 to the firm’s Pagbilao power plant and Manolo…

BDO earns record P32.7 billion in 2018; surpasses P31 billion guidance

PR 02/27/2019

BDO Unibank, Inc. (BDO) posted a record net income of P32.7 billion in 2018 from P28.1 billion in 2017, representing 17 per cent growth and beating the bank’s P31 billion full-year guidance on strong recurring earnings from its core businesses. The…

Aboitiz Equity Ventures net income rises to P17.3 billion

Inquirer.net 11/08/2018

Conglomerate Aboitiz Equity Ventures Inc. (AEV) recorded a 9 percent year-on-year increase in its nine-month net income to P17.3 billion due to gains from its power, food, and property businesses. “We welcome the gains posted by our…

Cebu City Government hits more than half of income target

Morexette B. Erram 08/17/2018

  The Cebu City Government has recorded a total revenue worth P4.2 billion from January to July this year. Acting City Treasurer Veronica Morelos said their revenue has increased for this year, compared to P3.8 billion for…

Capitol gets P2.1B income for first half of 2018

Rosalie O. Abatayo 07/17/2018

The Cebu Provincial Government has collected an income of P2.1 billion for the first half of 2018. The income collection is 52% of the entire year’s target collection of P4 billion. Compared to last year, the province’s…

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