
SM Investments posts over P70.2B net income in Jan-Sept
SM Investments Corp. (SMIC) reported a 9% year-on-year growth in its consolidated net income, reaching P70.2 billion for the first nine months of the year. The banking segment was the primary driver, contributing nearly half of the profit amid a double-digit increase in its loan portfolio.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Sandiganbayan Rejects Revilla's Bid to Dismiss P92-M Flood Control Case
The Sandiganbayan Third Division has rejected the plea of former Sen. Bong Revilla and his co-accused to dismiss a malversation case involving an alleged ghost flood control project in Bulacan worth over P92 million, signaling the judiciary's stance on corruption.
- Philippine Gaming Industry Sees Revenue Dip in Q3 Amid Electronic Gaming Slowdown
The Philippine gaming industry's gross gaming revenues (GGR) declined by 11.41% to PHP83.72 billion in the third quarter, largely due to a slowdown in electronic gaming, with inflation and geopolitical uncertainties impacting consumer spending.
- VP Sara's 'Loose Investment' Still Business Participation, Law Expert Says
A law expert from the University of the Philippines College of Law suggests that Vice President Sara Duterte's 'loose investment' could still be considered business participation, raising questions about transactions potentially not declared in her Statement of Assets, Liabilities, and Net Worth (SALN).
- VP Sara Duterte did not participate in company transactions, witness testifies in impeachment trial
A witness testified during an impeachment trial that Philippine Vice President Sara Duterte had no involvement in the transactions of a corporation where she is listed as a director. The testimony marks a crucial point in the trial concerning allegations of her failure to truthfully disclose assets.