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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…
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…
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…
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…
Vendors at Larsian barbeque food strip have expressed dismay over their dismal earnings after they were transferred to a Capitol-owned lot in B. Rodriguez Street, Cebu City. Vendors told Cebu Daily News that they used to earn…
Seeing the benefits to small and medium enterprises (SMEs), the Cebu Chamber of Commerce and Industry (CCCI) has expressed its support for the proposed Tax Reform for Acceleration and Inclusion (Train) Package 2. But the chamber pointed…
In 2015, the government set the poverty threshold at P9,064 monthly for a family of five. Poverty threshold is the level of income that a family must receive to set it apart from those considered officially by…
NEDA 2017 REPORT The Philippines is poised to move up to upper middle-income status as early as 2019 amid sustained robust growth, the state planning agency National Economic and Development Authority (Neda) said. “The strong economic growth…
RENZEL Garces, 27, said it was hard enough to make a living as a public utility jeep (PUJ) driver and the worsening traffic in N. Bacalso Ave. following the closure of F. Llamas Street only made it…
STATE auditors will be invited by the Cebu Provincial Detention and Rehabilitation Center (CPDRC) to advise them on what to do with the P263,000 in cash found in a vault during last Friday’s Greyhound operation at the…
FOR water vendor Nancy Panganiban, 52, a kilo of rice is barely enough to provide a solid meal for her family of eight. While she stays with her daughter’s family in Brgy. Pasil, Cebu City, she also…
Collecting P3.54 billion, the Cebu Provincial Government has exceeded its target income of P3.3 billion for the year 2017. Provincial Treasurer Emmanuel Guial said the income of the Capitol for 2017 is higher compared than last year…
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