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MPIC core income up 82% as industries reopen

BusinessWorld August 5, 2021 | 12:09 am By Senior Reporter METRO Pacific Investments Corp. (MPIC) managed to increase its second-quarter core net income this year by 82% to P3.5 billion, as more industries reopened. “This acceleration of growth reflects an improvement in performance notwithstanding the continued imposition of varying levels of quarantine across the country and was partially augmented by the impact of the Corporate Recovery and Tax Incentives (CREATE) Law, which lowered income tax rates from 30% to 25%,” the company said in a statement on Wednesday. The company said it benefited from the gradual reopening of more industries over the past year. It also noted that the nationwide vaccine rollout enabled more businesses to reopen.

Geoponica Greens expands into Mill One building in Hamilton

Geoponica Greens expands into Mill One building in Hamilton
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Maynilad to go public as part of new concession deal

Maynilad to go public as part of new concession deal
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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