19 Month News Today

PALO ALTO, California -- TikTok could be banned in the U.S. if the company fails to cut ties with Chinese parent ByteDance within nine month

BUSINESSMAN Edgar Injap Sia 2nds DoubleDragon Corp. and MerryMart Consumer Corp. (MerryMart) both reported solid earnings in the first nine months of the year.

The repositioning of its investment portfolio toward short-term placements and debt securities at increased interest rates accounted for the robust growth, the holding firm said.

INTERNATIONAL Container Terminal Services Inc. (ICTSI) on Wednesday said that net income rose 4 percent in the first nine months of the year, mainly due to higher operating and interest income.

In a statement, Petron said operating income grew by 64 percent to P27 billion from last years P16.5 billion and allowed the company to absorb a more than 50-percent increase in financing costs.

The firm said the improvement was the result of significant contributions from the four newly acquired grade-A office towers with an aggregate value of P5.3 billion.

MANILA Electric Co. (Meralco) saw its consolidated net income in the first three quarters of the year grow by 44 percent to P28.4 billion, from P19.76 billion a year ago, on higher distribution sales and contributions from its power generation and retail electricity supply businesses.

DIVERSIFIED engineering conglomerate DMCI Holdings Inc. said Tuesday its nine-month consolidated net income declined by 28 percent to P20 billion from P27.6 billion, driven by stabilized coal and nickel prices.

ABOITIZ Equity Ventures Inc. (AEV) said Tuesday its net income for the first nine months of 2023 stood at P18 billion, 16 percent lower than the P21.4 billion in 2022 because of lower revenues from most of the firms business units.

PREMIUM Leisure Corp., a subsidiary of Sy-led Belle Corp., posted a 57-percent rise in net income to P1.92 billion in the nine months ending September 2023 from last years P1.22 billion following an increase in revenues.