SEAFDEC leads early warning efforts for aquatic diseases

AQUACULTURE Division (AQD)chief Dan Baliao reported during the 51stSoutheast Asian Fisheries Development Council (SEAFDEC) Meeting on March 18-22, 2019 in East Java, Indonesia the progress in the development of “Aquatic Emergency Preparedness and Response Systems for Effective Management of Transboundary Disease Outbreaks in Southeast Asia.” The most serious problems faced by the aquaculture sector are […]

DBP 2018 net incomehits P5.72-billion

State-owned Development Bank of the Philippines (DBP) reported that its full-year income for 2018 reached P5.72-billion reflecting a 4.19% increase from the P5.49-billion it earned in 2017.             DBP president and chief executive officer Emmanuel G. Herbosa attributed the increase to the growth of its loan portfolio as well as the expansion of its deposit […]

Why Professionalize Your Business?

By: Prof. Enrique Soriano  FRANKFURT, Germany – The title is so appropriate as I am in the process of helping a family owned business here in the European Union transition from a family owning business to a business owning family! And my opening slides says it all…“If you become more professional, you become more efficient. If […]

AboitizPower posts 6% income growth to P21.7 billion in 2018

FOR 2018, AboitizPower recorded a net income of P21.7 billion, 6% higher than the P20.4 billion recorded in the previous year. Non-recurring losses of P2.1 billion were recognized, without which, core net income for 2018 was P23.8 billion, 2% higher YoY (year-on-year). AboitizPower recorded consolidated earnings before interest, tax, depreciation, and amortization (EBITDA) of P51.5 […]

AGI’s 2018 profit hits record high of P24B

Alliance Global Group, Inc. (AGI), the investment holding company of tycoon Dr. Andrew L. Tan, reported a banner year in 2018 with consolidated net income amounting to P23.7-billion from its restated profit of P22.3-billion in 2017. The Group adopted the accounting changes under Philippine Financial Reporting Standards (PFRS) 15 for its 2018 financial statements, which […]

Megaworld’s net income up by 17% to P15.8-B in 2018

MEGAWORLD, the country’s largest developer of integrated urban townships, saw its net income grow by17%to P15.8-billionin 2018from P13.6-billion (excluding P113-million non-recurring gain)the previous year.Net income attributable to parent company ended at P15.2-billion by end-December 2018, a 17% jump from P13.0-billion in 2017(excluding P113-million non-recurring gain). Consolidated revenues grew about 15% to P57.4-billion in 2018 from […]