Home / Business (page 30)


Pagcor remits P16.17 billion cash dividends to natl treasury

By The Manila Times May 16, 2019 AFTER surpassing its P100-billion revenue mark in 2018, the Philippine Amusement and Gaming Corporation (Pagcor) once again made history when it formally remitted P16.17 billion cash dividends to the National Treasury on May 14. Philippine Amusement and Gaming Corporation (Pagcor) Chairman and CEO …

Read More »

CPP Investment Board posts 8.9 per cent return for 2018-19

The corporate logo of Canada Pension Plan Investment Board (CPPIB) is shown. (THE CANADIAN PRESS / HO) David Paddon, The Canadian Press Published Wednesday, May 15, 2019 11:47AM EDT Last Updated Wednesday, May 15, 2019 3:05PM EDT TORONTO — Canada Pension Plan Investment Board recovered from a weak quarter in …

Read More »

Pagcor remittances to govt hits P16.17B

By EIREENE JAIREE GOMEZ May 15, 2019 The Philippine Amusement and Gaming Corp. (Pagcor) on Tuesday said it remitted an all-time high P16.17 billion in dividend contributions to the national treasury this year. The figure almost matched the state-run gaming regulator’s P17.16 billion cumulative cash dividends from 2011 to 2017. …

Read More »

Psalm told to collect P59B in unpaid dues

By MAYVELIN U. CARABALLO, TMT May 15, 2019 The Department of Finance (DoF) has ordered the collection of P59.2-billion worth of long overdue obligations of top corporate entities to the state-run Power Sector Assets and Liabilities Management Corp. (Psalm). In a statement on Tuesday, the DoF said Finance Secretary Carlos …

Read More »

Palay output down in Jan-March – PSA

By EIREENE JAIREE GOMEZ May 15, 2019 The country’s production of the seasonally adjusted palay (unmilled rice) fell by 4.6 percent to 4.69 million metric tons (MMT) in the first quarter of 2019 as compared to 4.88 MMT a year ago, the Philippine Statistics Authority (PSA) said. In its ‘Seasonally …

Read More »

Issue-plagued Holcim calls it quits

By BEN KRITZ, TMT May 15, 2019 SMC unit buys out troubled cement giant, ending weeks of speculation A unit of listed conglomerate San Miguel Corp. (SMC) has agreed to acquire a controlling stake in Holcim Philippines Inc. (HPI), the country’s largest cement manufacturer, in a deal worth $2.15 billion. …

Read More »