Global-Estate Resorts’ income more than triples to P558M

ANDREW L. TAN’S Global-Estate Resorts, Inc. (GERI) recorded an attributable net income of P557.8 million in the third quarter, up more than three times the previous year’s P168.3 million, as tourism picked up. “Our solid quarter reflects our company’s position and commitment to capturing the growing momentum in the tourism and leisure market,” GERI President […]

Flag carrier to start first-ever Bangsamoro route in June

FLAG carrier Philippine Airlines (PAL) announced on Thursday that it will start regular fights between Cotabato City and Tawi-Tawi in June. The airline is “inaugurating the first-ever air links within the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM),” PAL said in an e-mailed statement. “Commencing on June 9, 2022, the new Cotabato – Tawi-Tawi – Cotabato PAL […]

SM Investments net income up 27%

SM Investments Corp. reported on Wednesday that its consolidated net income grew 27% to P12 billion in the first quarter to show continuing momentum in recovery and consumer confidence. “Our financial performance in the first quarter showed continued recovery momentum with accelerating revenue and net income growth. As a group we are delivering pre-pandemic performance, […]

PIGO pioneer on the go

The pioneering Philippine Inland Gaming Operator (PIGO) licensee, Inter-Active Entertainment Solutions Technologies, Inc. (IEST), generated P113.9 million gross gaming revenues in the first half of 2021. IEST is a subsidiary of Philippine Stock Exchange-listed DFNN, Inc. In November 2020, IEST became the first company to be issued an online gaming license by the Philippine Amusement […]

HKC Announces 2020 Annual Results, Net Profit drops 36% to HK$241.6 Million

HONG KONG, Mar 18, 2021 – (ACN Newswire via – HKC (Holdings) Limited (“HKC” or the “Company”; stock code: 190) has announced the consolidated results of the Company and its subsidiaries (collectively the “Group”) for the year ended 31 December 2020 (“Period Under Review”). Financial ReviewDuring the Period Under Review, turnover amounted to HK$1,184.0 […]