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Revenues

Business

Converge revenues grow 5% YoY, net income up 22% in 2023

𝐹𝑖𝑏𝑒𝑟 𝑖𝑛𝑡𝑒𝑟𝑛𝑒𝑡 𝑛𝑒𝑡 𝑎𝑑𝑑𝑠 𝑠𝑢𝑟𝑔𝑒 32% 𝑡𝑜 284𝐾, ℎ𝑖𝑔ℎ𝑒𝑠𝑡 𝑖𝑛 𝑖𝑛𝑑𝑢𝑠𝑡𝑟𝑦 Leading fiber broadband and technology provider Converge ICT

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Business

Bulacan attracts P20-B worth of new investments in 2023

Bulacan has attracted about P20 billion worth of new investments in 2023 including expansion projects of two real estate firms namely the P167.24-million Venezia Townhomes 2 in Santa Maria and the 126.35-million Farm Masters Village Phase 3 in San Miguel.

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Banking

Foreign investments registered with the BSP yield net outflows in October 2023

Transactions on foreign investments registered with the BSP, through AABs, in October 2023 recorded net outflows of US$328 million resulting from the US$1.3 billion gross outflows and the gross inflows of US$954 million for the month. The recorded net outflows are smaller than the net outflows posted in September 2023 (US$698 million).

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Business

Cebu Pacific Posts P23.3B Revenues in Q3

Cebu Pacific (PSE: CEB) generated total revenue of P23.3 billion for the third quarter of 2023, 39% higher year-on-year and 23% above same period in 2019. This was on the back of over 5.3 million passengers flown onboard 35,000 flights, which are 27% and 18% higher year-on-year, respectively. Seat load factor improved to 83.7%, 9.7 percentage points higher year-on-year.

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Business

Converge revenues jump 7% YoY to P26.25B at end Q3 2023 

– 𝗡𝗲𝘄 𝘀𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲𝗿𝘀 𝗿𝗶𝘀𝗲 𝘁𝗼 𝗵𝗶𝗴𝗵𝗲𝘀𝘁 𝗹𝗲𝘃𝗲𝗹 𝗶𝗻 𝗲𝗶𝗴𝗵𝘁 𝗾𝘂𝗮𝗿𝘁𝗲𝗿𝘀 – 𝗖𝗼𝗻𝘃𝗲𝗿𝗴𝗲 𝗰𝗲𝗹𝗲𝗯𝗿𝗮𝘁𝗲𝘀 𝟮𝗠 𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲𝗿 𝗠𝗶𝗹𝗲𝘀𝘁𝗼𝗻𝗲 Leading fiber broadband

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