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. ย
2GO Group, Inc. (2GO), the countryโs 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 countryโs 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 firmโs post-pandemic recovery.ย ย
According toย 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.ย
Lalamove Automotive and QSJ Motors Phils Inc. recently inked their partnership for Lalamoveโs newest Vehicle Rental Program. The program offers existing and future Lalamove partner drivers and fleet operators with a host of options to rent or rent-to-own a vehicle, enabling them to start their profitable delivery business with Lalamove.
The Department of Trade and Industry Central Luzon reported a significant increase in business name registration for the past year. For 2022, the total number of Business Name (BN) registered with DTI-3 reached 118,791. This is 4.9% higher than the total number of business names processed in 2021 at 113, 214.
