BusinessWorld
April 14, 2021 | 12:04 am
LISTED holding firm A. Soriano Corp. (Anscor) generated P165.65 million in attributable net income for 2020, declining by nearly 91% from P1.84 billion in the previous year due to “significantly lower” revenues.
In a regulatory filing on Tuesday, it reported a 24.8% fall in revenues to P7.56 billion from P10.05 billion.
Consolidated gross revenues amounted to P6.9 billion, dropping by 35.5% from P10.7 billion “mainly due to decrease in market value of FVPL (fair value through profit and loss) investments.”
Anscor’s net revenues from the sale of goods amounted to P6.45 billion, 21.4% lower than the P8.21 billion recorded in the previous year.
SunStar Magikland theme park: Live the dream, feel the magic
NEGROS. Boy Bakunawa, the Magikland mascot (center), with the other theme park characters, performs the park s main arena in view to entertain their guests. (Carla N. Cañet)
NEGROS. Bakunawa and the other characters are dancing before their audience. (Carla N. Cañet)
NEGROS. The fun and leisure at Magikland. (Carla N. Cañet)
+ March 12, 2021 MAGIKLAND, the first outdoor theme park in the Visayas, located in Sitio Cabug, Barangay Guinhalaran, Silay City, Negros Occidental, is among the premier tourist destinations in the province where family and friends can live their dream and feel the magic.
Multiple-employer plan suit focuses on fees, fund performance
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Participants in a multiple-employer 401(k) plan sued several defendants, alleging ERISA violations, ranging from conflicts of interest to keeping poor-performing, high-fee investment options.
The plaintiffs suffered harm to their individual accounts because the sponsor selected and retaining higher-cost versions of the plan s investments, said the complaint filed Feb. 16 in a U.S. District Court in Los Angeles, in the case of Lauderdale et al. vs. NFP Retirement Inc. et al.
NFP Retirement doing business as 401k Advisors is the investment adviser to Wood Group U.S. Holdings, Houston, the 401(k) plan sponsor. Wood Group also is a defendant. It is a wholly owned subsidiary of John Wood Group, based in Aberdeen, Scotland. The parent isn t a defendant.
Keyport offers additional assistance to businesses impacted by COVID
Keyport offers additional assistance to businesses impacted by COVID
KEYPORT – Members of the Keyport Borough Council have authorized a second round of funding to assist businesses that have been affected by the ongoing coronavirus pandemic, bringing the total distribution of funds to $228,818.
On Jan. 19, council members passed a resolution authorizing the awarding of grants to 35 businesses in the Keyport Neighborhood Preservation Program (NPP) district. The grants ranged from $1,800 to $9,500 to provide direct mortgage, rent or utility cost assistance to qualified businesses; to fund the distribution of personal protective equipment and other activities and equipment to support NPP businesses; and to cover program administration costs.