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SMIC 'recovering well' as profit surges to P20B


BusinessWorld
August 5, 2021 | 12:08 am
SM Investments Corp. (SMIC) on Wednesday said its first-half net income surged to P20.1 billion, nearly three times its P7.1-billion profit booked in the same period last year as revenues grew by four percent.
The company finished with a topline of P193.5 billion in the first six months from P185.5 billion year on year. It did not provide figures specific to the second quarter.
“Our businesses continued to perform resiliently, recovering well as conditions allowed,” SMIC President and Chief Executive Officer Frederic C. DyBuncio said in a statement.
“Our banking and residential businesses performed well as we also continued to invest in long term expansion with new stores, bank branches, residential project launches, and investments in malls,” he added. ....

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Daly City Filipino restaurant destination Ling Nam has found a new home


Daly City Filipino restaurant destination Ling Nam has found a new home
Daly City Filipino restaurant destination Ling Nam has found a new home
The 30-year-old restaurant lost its lease last year and is ready to return with silog and señorita bread
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Starbread and Ling Nam, a longtime destination for Filipino food in Daly City.Ling Nam
For three decades before it closed last summer, Ling Nam Noodle House’s dining room served as a hub for the Filipino community in Daly City drawing families, visitors on the way to the airport, late-night club-goers and even Filipino politicians and actors for beef stew noodle soup and silog. ....

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