Gov’t to launch ‘GBonds’ on GCash
BW FILE PHOTOTHE Department of Finance said the government is set to launch “GBonds” on electronic wallet platform GCash in December, as it seeks to make investing more accessible.“For we envision a future where investing in government bonds is no
JG Summit profit falls 39% to P3.1B; CEO optimistic for Q4
JG SUMMIT OLEFINS CORP.CONGLOMERATE JG Summit Holdings, Inc. saw a 39% drop in third-quarter net income to P3.1 billion, but its president remains optimistic about ending the year on a “good footing.”“We expect a better fourth quarter to finish the
Converge Q3 income jumps to P2.92B, capex guidance lowered
LISTED fiber internet provider Converge ICT Solutions, Inc. saw its attributable net income for the third quarter (Q3) increase by 40.4% to P2.92 billion, driven by higher revenues. For the July-to-September period, Converge’s gross revenues grew by 17.2% to P10.42 billion
LT Group profit rises to P7.03 billion, driven by banking, liquor segments
LUCIO C. TAN-LED conglomerate LT Group, Inc. recorded a 12.5% increase in its third-quarter attributable net income to P7.03 billion from P6.25 billion last year, led by its banking and liquor segments. Third-quarter revenue improved by 12.2% to P34.03 billion from
Nickel Asia’s income drops 24.2%, hopes boost from new mines
NICKELASIA.COMNICKEL ASIA Corp. saw its third-quarter attributable net income drop by 24.2% to P1.44 billion from P1.9 billion a year ago due to lower sales.Revenues fell by 8.01% year on year to P7.69 billion from P8.36 billion due to the