Day: November 11, 2021

National

Real estate sales, hotel revenues boost GERI’s Q3 profits

Megaworld subsidiary Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates, reported a 22% increase in its net income for the third quarter from P169-million last year to P207-million this year as real estate sales and hotel revenues bounced back with eased pandemic restrictions during the period.

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AVSEU3 visits CDC Prexy

Officers of the Aviation Security Group (AVSEGROUP) Region 3 recently visited Clark Development Corporation (CDC) President and CEO PBGen.

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Business

Emperador’s normalized net profit up 35% in 9M 2021

Emperador Inc. – the largest global brandy company owning the world’s iconic and best- selling brandy Emperador Brandy – saw normalized net profit to owners grow by 35% year-on-year to P7.9 billion in the first nine months of 2021, while revenues rose by 11% to P38.4 billion. Even after deducting a non-cash deferred tax expense, net profit to owners increased by 24% to P7.3 billion.

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Features

Investa: unlocking financial opportunities for Filipinos

Investa, a finalist in the 2020 Emerge X Startup Competition, recently launched an innovative first investment platform built on Microsoft Azure to provide Filipinos with inclusive access to low-cost investment opportunities and financial benefits.

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