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…

Barbeque vendors laments dismal income after Larsian temporary closure

Jessa Mae Sotto 07/11/2018

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…

CCCI ON PROPOSED TRAIN 2 ‘20% corporate income tax without conditions’

Jose Santino S. Bunachita 06/13/2018

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…

Is P10,000 monthly income enough for a family of five?

Fernando Fajardo 06/07/2018

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…

PH may move up to upper middle income status in ’19

Inquirer.net 04/03/2018

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…

Traffic gridlock wreak havoc on jeepney drivers’ income

Nestle L. Semilla 03/02/2018

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…

Auditors to decide on jail coop income

Morexette B. Erram 02/05/2018

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…

Low income earners decry scarcity of NFA rice

Jessa Mae Sotto 02/02/2018

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…

Capitol exceeds target income for 2017

Morexette B. Erram 01/10/2018

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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