Development Bank of the Philippines (DBP) full-year net income surged by 50 percent in 2022 reaching P5.61-billion compared to the P3.74-billion that it earned in 2021, fueled largely by expanding its lending activities as a result of the full reopening of the local economy, a top official said.
Angeles City Mayor Carmelo ‘Pogi’ Lazatin Jr. and the officials of Metro Angeles Chamber of Commerce and Industry Inc.
The Subic Bay Metropolitan Authority (SBMA) Business and Investment Group has reported that committed investments from expansion projects from companies here skyrocketed in 2022 with 6040 percent increase.
2GO Group, Inc. (2GO), the country’s leading transportation and logistics company and a subsidiary of SM Investments Corporation, posted turnaround profits of PHP312 million on the back of PHP19.3 billion in revenues. Group revenues grew 25% as the company benefitted from the country’s economic reopening and complete lifting of movement restrictions.
Clark Development Corporation (CDC) posted significant gains for revenues and net income in 2022, further highlighting the state-owned firm’s post-pandemic recovery.
According to CDC Assistant Vice President for Finance Alizaido F. Paras, the unaudited financial statement as of December 31, 2022 show a revenue of P3.56 billion for the year, up by 35-percent from 2021 which stood at P2.63 billion
It is by far the highest recorded increase in revenue that usually averages 8 to 9-percent annually.
