State-run National Power Corp. hopes to borrow P10 billion from the Land Bank of the Philippines to ensure the continued delivery of power supply in off-grid areas.
PETALING JAYA: Genting Malaysia Bhd’s (GenM) proposed sale of its Miami landbank is expected to generate net proceeds of RM4.47bil and theoretically increase its 2023 core profit before tax by 20% via lower interest payments, says UOB Kay Hian (UOBKH) Research.
Land Bank of the Philippines saw its net income slip by nearly 20 percent to P10.8 billion in the first quarter following a record performance in the same period in 2022.