Sunday, January 24, 2021

Max’s All-You-Can™ Is Back And Better Than Ever!

Hindi lahat ng nang-iiwan, hindi na bumabalik. Max’s All-You-Can is back!

No Children Left Behind In Datu Paglas As Youth Leaders Mentor Learners

Youth leaders in Datu Paglas, Maguindanao are volunteering as tutors to help children who are struggling with their studies due to the changes brought about by the Covid-19 pandemic.

Panasonic Air Conditioners With Nanoe™ X Confirmed To Inhibit The Novel Coronavirus

What a breakthrough! Panasonic is taking their air conditioners to the next level!

102-Year-Old School In Sorsogon Gets New SM School Building

The newly built two-story SM School building is now ready to cater students from Basud Elementary School in Sorsogon City!

SM Net Income At PHP9.0 Billion In Q1

SM Net Income At PHP9.0 Billion In Q1

Spotlight

Max’s All-You-Can™ Is Back And Better Than Ever!

Hindi lahat ng nang-iiwan, hindi na bumabalik. Max’s All-You-Can is back!

No Children Left Behind In Datu Paglas As Youth Leaders Mentor Learners

Youth leaders in Datu Paglas, Maguindanao are volunteering as tutors to help children who are struggling with their studies due to the changes brought about by the Covid-19 pandemic.

Panasonic Air Conditioners With Nanoe™ X Confirmed To Inhibit The Novel Coronavirus

What a breakthrough! Panasonic is taking their air conditioners to the next level!

102-Year-Old School In Sorsogon Gets New SM School Building

The newly built two-story SM School building is now ready to cater students from Basud Elementary School in Sorsogon City!

SM Investments Corporation (SM) reported that its first quarter net income stood at PHP9.0 billion, lower by 16% than the previous year, partially reflecting the impact of the enhanced community quarantine (ECQ) and effects of the COVID-19 pandemic on the company’s results.

Consolidated revenues rose to PHP111.2 billion from PHP109.0 billion previously.

Banks contributed 46% of net income, while property and retail added 44% and 10% respectively.

“The ECQ and broader pandemic started to weigh on our performance during the first quarter. Our strong balance sheet, capabilities and partnerships provide us with the flexibility to anticipate and adapt to changes in customer needs and behaviors. We are actively enhancing digital and delivery services across all our core businesses, while also working to support and protect our employees, customers, MSMEs and business partners,” SM President Frederic C. DyBuncio said.

During the crisis, SM implemented sanitation protocols in all of SM’s essential businesses. It also supported the medical equipment and supplies needs of hospitals nationwide and worked with the government and other partners to provide much needed quarantine and testing facilities.

Retail

Retail operations under SM Retail Inc., which consist of both food (SM Markets, WalterMart and Alfamart) and non-food (THE SM STORE and Specialty Retail), posted revenues of PHP81.0 billion, up 3% from PHP79.0 billion in the previous year. Net income stood at PHP1.2 billion, down 56% from PHP2.7 billion the previous year.
Revenues from SM Retail’s specialty retail stores stood at PHP16.5 billion, lower by 16% from PHP19.6 billion previously.

Property

SM Prime Holdings recorded a consolidated net income of PHP8.3 billion in the first quarter of 2020, down by 5% compared with PHP8.8 billion in the first quarter of 2019. Consolidated revenue amounted to PHP25.8 billion, 3% lower than PHP26.5 billion in the same period last year.

The mall business, which accounts for 47% of consolidated revenues, has temporarily closed operations since the implementation of ECQ, except for stores that offer essential products and services.

Philippine malls recorded revenues of PHP11.3 billion, 16% down from PHP13.5 billion in the same period last year. Mall rental income registered PHP10.1 billion, 12% lower than last year’s PHP11.5 billion.

The residential group, led by SM Development Corporation (SMDC), which accounts for 44% of consolidated revenues, recorded a 23% increase in revenues to PHP11.4 billion from PHP9.3 billion in the same period last year. SMDC’s reservation sales amounted to PHP24.8 billion.

SM Prime’s other business segments reported consolidated revenues of PHP2.2 billion in the first three months of the year.

Banking

BDO Unibank posted PHP8.8 billion in net income in the first quarter from PHP9.8 billion previously. Core lending and deposit-taking businesses sustained their growth despite the ECQ. Net interest income amounted to PHP33.0 billion on stable margins. Customer loans went up by 11% to PHP2.2 trillion while total deposits rose by 9% to PHP2.6 trillion.

China Bank saw its net income increase by 19% to PHP2.2 billion in the first quarter, driven by sustained growth of its core businesses. Net interest income grew 34% to PHP7.9 billion. Gross loans grew 15% to PHP592 billion while deposits rose 9% to PHP785 billion.

Balance Sheet

As of end-March, total assets of SM stood at PHP1.2 trillion with a conservative gearing ratio of 37% net debt to 63% total equity.

Vice President Leni Robredo Visited The Community Learning Hubs In Quezon Province

Sa kabila ng pandemiya patuloy pa rin ang pagbisita ni VP Leni sa mga proyekto nito.

PH Covid-19 Recoveries Rise By 324

DOH adds 324 more Covid-19 recoveries pushing the country's overall tally to 466,249.

SYKES Asserts BPO Leadership With 3rd Asia Leaders Awards Nod

Congratulation SYKES! SYKES once again bagged the 'BPO Company of the Year Award.'

Monitoring System For Those Who Get Covid-19 Vaccine Vital

Ano sa tingin ninyo ang maaaring susunod na hakbang para sa mga makakatanggap ng bakuna?

Max’s All-You-Can™ Is Back And Better Than Ever!

Hindi lahat ng nang-iiwan, hindi na bumabalik. Max’s All-You-Can is back!

DOH To Healthcare Workers: Help Gain Public’s Trust In Vaccines

DOH asks the help of medical societies to "spread the word" about the benefits of getting inoculated with the Covid-19 vaccine.

Home Quarantine For Returning Overseas Pinoys Suspended

Ilocos Norte suspended home quarantine protocols for its returning overseas Filipinos (ROFs) due to the recent detection of a new coronavirus variant in the country.

realme Says Yellow To 2021 With The Best Deals Of The Month

realme products are on sale this January! Here are the specific dates:

Survey Finds Over 70% Of Asian Businesses Favor Asian Providers

A survey commissioned by Alibaba Cloud revealed that Asian business with an Asian mindset is a plus. Here's why.

Spotlight

Max’s All-You-Can™ Is Back And Better Than Ever!

Hindi lahat ng nang-iiwan, hindi na bumabalik. Max’s All-You-Can is back!

No Children Left Behind In Datu Paglas As Youth Leaders Mentor Learners

Youth leaders in Datu Paglas, Maguindanao are volunteering as tutors to help children who are struggling with their studies due to the changes brought about by the Covid-19 pandemic.

Panasonic Air Conditioners With Nanoe™ X Confirmed To Inhibit The Novel Coronavirus

What a breakthrough! Panasonic is taking their air conditioners to the next level!

102-Year-Old School In Sorsogon Gets New SM School Building

The newly built two-story SM School building is now ready to cater students from Basud Elementary School in Sorsogon City!

Lifestyle

Hendrick’s Gin Celebrates Love And Romance With The Perfect Pair This Valentine’s Day

Hendrick’s has something for you this coming Valentine's Day!

POND’S And Shopee Deliver ‘Smarter Skincare’ With First AI-Powered Chatbot

Customers can now interact with PONDS chatbot in Shopee as they launch their 'Smarter Skincare Just For You!'

Yellow Cab Introduces Its New Thin Crust Pizza, Starting At Just P249

New year new taste. Yellow Cab's New York Style Thin Crust Pizza is now available. The price starts at P249!

Mrs. Garcia’s: The Meat Of The Matter For The New Normal

Looking for fresh and quality meats at affordable prices?

Entertainment

First-Time ‘Himig’ Interpreters Reveal What Being Part The Competition Means To Them

Five of the 'Himig' 11th edition's first-time interpreters share their moments as they step up their passion for music!

FATE: THE WINX SAGA You Focus, You Learn, You Grow. Transformation Awaits On January 22

OMG! Bet your childhood WINX CLUB becomes corporeal as it releases their FATE: THE WINX SAGA original series on Netflix!

Newest Boys’ Love Tandem Gives All The Feels In Thai Series “A Tale Of Thousand Stars”

BL fans eyes here! Another best of Thai series entitled "A Tale of Thousand Stars," can now be streamed for free on iWantTFC!

More Stories

7 Timeless Hair Flips That Gone Viral Online

Pak, ganern! You'll definitely remember these iconic hair flips!

NTT Appoints Abhijit Dubey As Global Chief Executive Officer, NTT Ltd. From 1 April 2021

Learn more about the new CEO of the world's leading global technology services provider!

Marikina Lauds MMDA’s Move To Prevent Future Flooding

What can the local government do to prevent future flooding in the city?

realme Says Yellow To 2021 With The Best Deals Of The Month

realme products are on sale this January! Here are the specific dates:

Bicol Logs 23 Covid-19 Recoveries

No new death, 23 more recoveries; DOH regional reports in Bicol's Covid-19 case.

Travel

Bicol Int’l Airport Now 72.2% Complete

Malapit nang magkaroon ng airport sa Bicol!

Vaccinated People Still Need To Follow Travel Protocols

Nabakunahan man o hindi tuloy-tuloy pa rin ang pagsunod ng travel health protocols, ayon kay Duque.

Panagbenga 2021 Postponed Due To Pandemic

Walang Panagbenga ngayong taon. 🙁

Radisson Hotel Group Rises Above Challenges To Add 84 New Hotels Across Asia Pacific

Radisson Hotel Group adds 84 new hotels and resorts, covering eight of its distinct brands.

Motoring

Abalos Asks DPWH To Fix Lights On Major Roads

MMDA chairman Benhur Abalos requested the DPWH to fix street lights on major thoroughfares across the metropolis, citing commuters are in danger.

Cebu BRT Project Partially Operational Before Yearend: Tugade

Cebuanos can start to ride more modernized public transportations before 2021 ends!

SMC Extends Free Toll To Medical Frontliners On Skyway Stage 3

Wow! Extended pa ang pa-free toll ng SMC para sa mga medical frontliners!