Revenues

Business

𝐒𝐌 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐧𝐞𝐭 𝐢𝐧𝐜𝐨𝐦𝐞 𝐠𝐫𝐨𝐰𝐬 𝟑𝟐% 𝐭𝐨 𝐏𝐇𝐏𝟑𝟔.𝟓𝐛𝐧 𝐢𝐧 𝐇𝟏 𝐨𝐧 𝐬𝐭𝐫𝐨𝐧𝐠 𝐜𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐜𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐜𝐞

SM Investments Corporation (SM Investments) reported a consolidated net income of PHP36.5 billion in the first six months, up 32% from PHP27.7 billion in the same 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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