income
ARTICLE FINDER

Taguiwalo: CA rejection due to my fight vs pork barrel, tax reform

Aug 16, 2017 - 4:20 PM

‘I have served the people well I gave my all and I’m proud to say that my integrity is intact ’ says the social welfare secretary

GMA 'cautiously optimistic' of hitting target despite income decline

Aug 14, 2017 - 8:15 PM

The absence of election related spending hurts GMA Network s financial performance in the 1st half of 2017

CAUTIOUSLY OPTIMISTIC. GMA Network chief Felipe Gozon says his firm will 'still try' to hit its 2017 net income target of P3.9 billion. Rappler file photo

Alliance Global net income drops to P10.1 billion in 1st half of 2017

Aug 14, 2017 - 4:10 PM

The group s property and fast food units temper the slower performance of its casino and liquor businesses

Resorts World Manila operator reports P312-M net loss in Q2 after attack

Aug 14, 2017 - 2:50 PM

With the casino non operational for 27 days in June gross gaming revenues fell by 21 68 to P9 2 billion in the 1st half of 2017

Rising migration demands 'roaming' health coverage

Aug 12, 2017 - 11:07 AM

ASEAN can be act as a launching pad for roaming coverage as does the EU which allows roaming health coverage for any EU citizen in any EU country

PUBLIC HEALTH. Nurses tend to a woman at the Jose Reyes Memorial Medical Center in Manila. File photo by AFP

Absence of political ads drags down ABS-CBN income in 1st half

Aug 11, 2017 - 5:04 PM

Although it would be very challenging ABS CBN remains hopeful that it will hit its profit guidance of P3 billion for 2017

Net interest, fee-based earnings drive RCBC's income in 2nd quarter

Aug 11, 2017 - 10:55 AM

The bank s net income in the 2nd quarter of 2017 soars by 67 to P1 34 billion from the P806 million booked in the same period in 2016

Forex, telco assets drag San Miguel net income in 1st half of 2017

Aug 10, 2017 - 10:20 PM

The diversified conglomerate feels the impact of the Philippine peso depreciation and the absence of the one time gain from its telco assets sale

Megaworld net income up 11% to P6.69B in 1st half of 2017

Aug 10, 2017 - 6:40 PM

The rise is due mainly to the property developer s rental income which rose 20 to P5 83 billion for the period

Beacon divestment lifts PLDT's core income to over P12B

Aug 10, 2017 - 1:44 PM

UPDATED PLDT s core income for the 2nd quarter of 2017 increases to P12 1 billion from P10 5 billion in the same period a year ago

SM Investments earns over P16 billion in just 6 months

Aug 09, 2017 - 4:55 PM

Even without the benefits of an election year the Philippines biggest conglomerate sustains growth across its core businesses

Emperador net income down to P2.7 billion in 1st half of 2017

Aug 09, 2017 - 3:55 PM

The beverage firm s revenues came in at P18 1 billion for the period

Termination of Nigeria contract pulls ICTSI's income to over $100M

Aug 09, 2017 - 12:40 PM

The 24 surge in net income comes amid higher interest and financing charges as well as higher depreciation and amortization expenses

Eagle Cement income grows in 1st half of 2017 despite low cement prices

Aug 08, 2017 - 9:40 PM

Cement prices which range from P170 to P180 per bag are at a 4 year low because of increased competition in the industry

Max's Group net income up 12% to P331M in 1st half of 2017

Aug 08, 2017 - 9:00 PM

The casual restaurant chain operator plans to build an additional 25 to 30 stores by the end of the year

Petron net income surges to over P8 billion in 1st half of 2017

Aug 08, 2017 - 7:55 PM

The oil refiner posts income growth despite crude oil inventory losses and a 45 day scheduled maintenance shutdown of its refinery

Globe net income falls by 10% to P8.1B in 1st half of 2017

Aug 08, 2017 - 6:50 PM

Globe attributes much of the decline to costs related to its buyout of San Miguel Corporation s telco assets as its revenues rose by 5 to P62 9 billion

Ayala Land net income up 18% to P11.5B in 1st half of 2017

Aug 07, 2017 - 9:55 PM

The firm s consolidated revenues are also up by 18 to P64 5 billion with more than half coming from property development

DoubleDragon plans to sell over P7 billion worth of shares

Aug 07, 2017 - 8:40 PM

In a bid to become a blue chip stock in the near term DoubleDragon revises its 2020 net income target to P5 5 billion from the initial projection of P4 8 billion

MORE OPTIMISTIC. DoubleDragon revises upwards its 2020 targets. Instead of 1 million square meters of leasable space, Double Dragon now expects to hit 1.2 million sqm of leasable space by 2020. Data from DoubleDragon's PSE disclosure

Mall operations continue to drive SM Prime's net income

Aug 07, 2017 - 5:45 PM

The additional 1 1 million square meters of retail space from new malls as well as expansions between 2015 and 2017 drive growth in SM Prime s mall rentals

PSE plans to offer more shares to bring PDS merger closer

Aug 02, 2017 - 9:51 PM

The operator of the country’s stock exchange also announces a net income drop of 7 to P345 15 million for the 1st half of this year

BDO nets P13.3B in 1st half of 2017

Jul 31, 2017 - 8:15 PM

The bank also announces a P5 billion bond offering to diversify the maturity of its funding sources and support business expansion plans

IN QUESTION. BDO has one of the largest distribution networks, with more than 1,000 operating branches and over 3,000 ATMs nationwide. Photo from Wikipedia

Ex-2GO chief decries attack over accounting scandal

Jul 14, 2017 - 1:51 PM

The only explanation for this fiasco is that the new external auditor might have found an opportunity to get back at us says Sulficio Tagud Jr

ACCOUNTING SCANDAL. 2GO last week restated its 2015 and 2016 financial statements, after a special audit requested by the firm's new management. Rappler file photo

Doubts hound KPMG following 2GO accounting scandal

Jul 13, 2017 - 5:30 PM

But KPMG RG Manabat says that its audit was based on the judgment and estimates made by 2GO management during that period

AUDITING FINANCIALS. Data from the Philippine Stock Exchange shows top 5 external auditing firms are SGV; Punongbayan & Araullo; KPMG; Reyes, Tacandong & Company; as well as Isla Lipana & Company. PSE file photo

2GO management, auditors may face over P1-M fine

Jul 11, 2017 - 11:30 PM

An investigation is underway into the restated financial statements of 2GO with the Securities and Exchange Commission looking into possible misrepresentation

OVER-INFLATED FIGURES? The restated financials pruned a whopping 90% off 2GO's net income in 2015 to P109.131 million. It also turned out that its 2016 net income should have been 74% lower than what was reported in 2015. Rappler file photo

2GO appoints new CFO, reports lower 2015, 2016 profits

Jul 10, 2017 - 12:15 AM

Dennis Uy the newly appointed 2GO chief says the restatement was made to ensure fair presentation of financial statements and establish accountabilities

RAISE GOVERNANCE. 'The restatement is a commitment of the new management and Board of Directors to raise corporate governance standards in the company,' 2GO president Dennis Uy says. Screenshot from 2GO 2015 annual report

Regions should retain taxes paid by big firms – CAR, ARMM execs

Jun 28, 2017 - 5:49 PM

Cordillera and Muslim Mindanao officials tell congressmen the regions can t attain fiscal autonomy because firms that exploit their resources pay taxes in Manila

FEDERALISM TALK. Baguio City Mayor Mauricio Domogan are among the officials from CAR who had a dialogue with lawmakers on June 28. Photo by Mara Cepeda/Rappler

How will the proposed tax reform package affect Filipinos?

Jun 24, 2017 - 9:59 AM

Take a look at how the Duterte administration s proposed tax reform package will affect your take home pay and the prices of commodities

EFFECT ON FILIPINOS. The proposed tax measure will have an impact on Filipino workers' salaries and the prices of fuel and other commodities.

INFOGRAPHIC: How tax reform hits your favorite drinks

Jun 03, 2017 - 5:00 PM

The Philippine Chamber of Food Manufacturers says the excise tax on sugar sweetened beverages in the proposed tax reform package is the highest in the world

Ayala Land launches 200-hectare Evo City in Cavite

May 11, 2017 - 5:49 PM

The 200 hectare mixed use estate of Ayala Land is being positioned as a new central business district in the south

Absence of election spending drags Pepsi Cola PH's income

May 05, 2017 - 4:10 PM

Capital expenditure in the first quarter of 2017 amounted to P900 million as the company continues to invest in capacity and containers

PLUNGE. Pepsi Cola PH says it was able to maintain sales revenue at last year's level despite overlap of election-related spending which was present during last year's national election. Rappler file photo

Meralco's profit flat due to impact of temperature, currency, inflation

Apr 24, 2017 - 9:01 PM

The operating and business conditions for the first quarter of 2017 proved to be more challenging for Meralco compared with 2016

LAG IN PROFIT GROWTH. First quarter of 2017 turned out to be challenging for the country's largest distributor of electrical power. Rappler file photo

No tax for Filipinos earning P21,000 or below monthly under revised DOF proposal

Apr 24, 2017 - 12:30 AM

For instance a call center agent who earns P21 000 a month with a gross income of P273 000 inclusive of the 13th month pay and other benefits will still fall under the zero tax bracket

PROPOSED REVISIONS. The revised package under HB 4774 includes lowering rates for estate and donor’s taxes, adjusting automobile and fuel excise taxes, and expanding VAT base but retaining exemptions for senior citizens citizens and persons with disabilities. Rappler file photo

BDO guards turf from giant ASEAN lenders

Apr 20, 2017 - 8:49 PM

Operating in a seamless regional economic bloc the Philippines largest lender is wary of bigger banks entering the Philippines

HIGHER LENDING. The country's dominant bank continues stable growth in net income in the first quarter of 2017, mainly due to higher loan accounts

BPI hits higher net income in Q1, makes progress vs ATM hackers

Apr 20, 2017 - 5:50 PM

The bank kicks off 2017 with a net income of P6 25 billion in the first quarter It also announces the conviction of a member of an ATM skimming syndicate

Logistics boosts 2GO's net income in 2016

Apr 17, 2017 - 6:20 PM

The management of 2GO attributes the strong performance to sustained topline growth coupled with improved cost efficiencies

LIFTED BY LOGISTICS. 2GO's non-shipping revenues grows by 30% to P10.32 billion in 2016 due to increased service offerings and improved market share from its major accounts. Screenshot from 2GO website

DoubleDragon more than doubles income in 2016

Apr 10, 2017 - 8:20 PM

The property firm will raise P9 7 billion this year through retail bond issue – the last fund raising needed to complete its one million square meters of leasable space by 2020

MOVING UP. Chairman of DoubleDragon Properties Injap Sia (center) says his property firm will be 'even stronger' in years ahead. Photo by Sandro Paredes/PLDT SME Nation

#AskTheTaxWhiz: All about filing income tax returns

Apr 06, 2017 - 12:15 PM

The Philippine Tax Whiz answers taxpayers key questions and reminds the public that the deadline has been moved from April 15 to April 17

PAYING TAXES. Taxpayers line up at the Quezon City Hall. File photo from QC Public Affairs and Information Services Office

FAST FACTS: Avoiding double taxation for nonresidents

Apr 01, 2017 - 1:30 PM

The Philippines is currently a signatory to 41 tax treaties that address double taxation situations

DOUBLE TAX. To avoid the double taxation of nonresidents, the Philippines is currently a signatory of 41 tax treaties.

FAST FACTS: Time to pay taxes, what should you know?

Mar 29, 2017 - 4:29 PM

As we approach the tax month of April check if you know enough about the Philippine tax landscape

Solaire operator swings back to profitability in 2016

Mar 23, 2017 - 10:20 PM

Bloomberry Resorts Corporation registers its highest gross gaming revenue in a year since opening in 2013

GOOD YEAR. The owner of Solaire Resort & Casino swings back to profitability, driven by record revenues from gaming and non-gaming businesses. Rappler file photo

ABS-CBN hits 2016 target income, fueled by election spending

Mar 20, 2017 - 6:10 PM

The media giant s election related spending for 2016 amounted to P2 8 billion versus P2 4 billion in 2010

HIGHER AD REVENUE. ABS-CBN Chief Financial Officer Aldrin Cerrado (extreme left) says the company saw a 9% growth in revenue, which closed at P41.6 billion in 2016. While its cost and expenses were up only 6% last year. Photo by Chrisee Dela Paz/Rappler

Ayala Corp nets P26B in 2016, eyes power and digital for the future

Mar 13, 2017 - 9:30 PM

The conglomerate sets up a slew of energy and e commerce investments although the bulk of its earnings still comes from traditional sectors

PLDT to outsource back-office IT to IBM

Mar 07, 2017 - 9:20 PM

PLDT chief Manuel V Pangilinan says he wants to ensure all or most of the 1 000 affected employees will be absorbed by IBM

CUT COSTS. 'Profitability has been reset to a lower level, reflecting the impact of the changes in the business, our customer base, and our organization,' PLDT chief Manuel V. Pangilinan says. Photo by Martin San Diego/Rappler

PLDT still no.1 among mobile subscribers

Mar 07, 2017 - 6:31 PM

PLDT says its subsidiary Smart Communications Incorporated closed 2016 with 63 03 million subscribers against rival Globe Telecom s 62 8 million subscribers

'The picture seems to be brighter for 2017 and the job of the management is to continue moving forward positively all the way up to 2019,' PLDT's Manuel V Pangilinan says. Photo by Martin San Diego/Rappler

Metro Pacific sustains double-digit income growth despite tariff issues

Mar 01, 2017 - 8:20 PM

The overdue hike adjustment is not stopping the infrastructure conglomerate from expanding its businesses with MPIC almost doubling its capital spending budget to P79 billion this year

2017 OUTLOOK. 'While it is too early to give earnings guidance for the year, it is self-evident that returns to shareholders, who have so far supported our extensive level of investment, will depend on the resolution of our long-pending tariff issues,' MPIC chief Manuel V. Pangilinan says. Photo by Martin San Diego/Rappler

Low-income earners shoulder 72% of tax burden – DOF

Feb 27, 2017 - 9:45 PM

High income earners shoulder only 28 4 of the tax burden and it has a bigger gap between the taxes they owe government and the amount actually collected from them

Job applicants queue up at a counter for job vacancies offered by different local companies during a job fair at a mall in Manila on October 27, 2010. The Philippines is creating more jobs but too many skilled people are still unable to find work, economic planning minister said. Unemployment eased to 6.9 percent in July as an improving economy opened up more jobs, mostly in the farm sector, the government reported a day earlier. AFP PHOTO/TED ALJIBE

#AskTheTaxWhiz: Is the proposed tax reform package really pro-poor?

Feb 26, 2017 - 6:00 PM

The Philippine Tax Whiz shares what the public must know about the Tax Reform for Acceleration and Inclusion TRAIN bill

Lack of one-time gain drags SM Prime's 2016 profit

Feb 21, 2017 - 4:15 PM

SMPHI says its bottomline stood at P23 8 billion for 2016 compared to 2015 s P28 3 billion which included a P7 4 billion one time trading gain

'WELL-POSITIONED.' SM Prime President Jeffrey Lim (in the middle) says the company is well-positioned to capture the positive impact of the higher infrastructure spending intended by the government. Photo by Martin San Diego/Rappler

Data products propels Globe towards P16B net income in 2016

Feb 08, 2017 - 7:51 PM

Mobile data now the telcos biggest contributor to total mobile revenues at 38 compared to 37 for voice