Tagged: business opportunity

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.

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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.

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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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