Tagged: business earning

LT Group net profit down by 61% to P1.61B in Q1

The Lucio Tan-led conglomerate LT Group Inc. saw a 61-percent year-on-year drop in first-quarter net profit to P1.61 billion due to slower earnings from the banking, tobacco and real estate units alongside the loss incurred by its hard liquor business.


Megawide eyes more PPP projects

MANILA, Philippines – Megawide Construction Corp. is planning to raise P5 billion to participate in the bidding of more infrastructure projects under government’s public-private partnership (PPP) program.


Do a double tic

Recently, finally, after some two years of indecision, mixed with uncertainty, the Aquino (Part II) administration sprang an amazing proposal upon the beleaguered mining industry: Just give to the government 50 percent of your gross income as tax payment.

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