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Revenues

Business

BDO 1H 2023 net income reaches β‚±35.2 billion

BDO Unibank, Inc. (BDO) posted earnings of β‚±35.2 billion for the 1H 2023, driven by broad-based growth across its core businesses. This translated to a Return on Common Equity of 15.1% compared to 11.3% in the comparable period last year.

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Converge nets P3.9 billion in 1H 2022, up 21.5% Y-O-Y

Leading fiber broadband provider Converge ICT Solutions Inc. (PSE: CNVRG) booked a net income of P3.95 billion in the first half of 2022, a 21.5% growth over the same period last year, despite the challenging economic environment as it continues to roll out its high-speed broadband service to more cities and municipalities across the country and increased demand from businesses, particularly small and medium enterprises (SMEs).

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Economy

BCDA remits P7.38B to BTr in 2022

BCDA) has remitted Php 7.38 billion to the Bureau of the Treasury (BTr) this year to beef up the state coffers while providing support for the modernization of the Armed Forces of the Philippines (AFP) amid the COVID-19 pandemic.

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