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Ginebra San Miguel Q1 net income up 11%
Ginebra San Miguel Q1 net income up 11%

GMA Network

time29-05-2025

  • Business
  • GMA Network

Ginebra San Miguel Q1 net income up 11%

Ginebra San Miguel Inc. (GSMI), the spirits business of San Miguel Corp. (SMC), on Thursday reported an 11% growth in its net income for the first quarter of the year, on the heels of its continued growth over the last 11 years. In a regulatory filing, GSMI said its net income rose to P2.1 billion, as consolidated revenues grew by 8% to P16.3 billion, while operating income increased by 8% to P2.5 billion. 'Our spirits business, Ginebra San Miguel Inc., has demonstrated remarkable strength over the years, even in the face of various challenges, including the global pandemic,' GSMI president and chief executive officer Ramon Ang said. 'The company's over a decade-long growth trajectory clearly shows the wide appeal of our brands and the company's overall resilience and strength,' he added. GSMI last year reported a record net income of P7.3 billion, reflecting a 3% increase from the previous year as it sold 50 million cases for the first time, and gained a larger share of the local liquor market. Sales revenues for the year climbed 17% to P62.5 billion. The company's brands include Ginebra San Miguel Gin, Ginebra San Miguel Premium Gin, GSM Blue Light Gin, GSM Blue Mojito, GSM Blue Margarita, GSM Blue Gin Pomelo, GSM Blue Lychee Martini, Ginebra San Miguel, 1834 Premium Distilled Gin, Archangel Reserve Premium Dry Gin, Antonov Vodka, Freedom Island Light Rum, Primera Light Brandy, and Chinese wine Vino Kulafu. — Jon Viktor D. Cabuenas/BM, GMA Integrated News

4-year-old girl, man killed as car rams airport entrance in Manila
4-year-old girl, man killed as car rams airport entrance in Manila

Time of India

time04-05-2025

  • Automotive
  • Time of India

4-year-old girl, man killed as car rams airport entrance in Manila

An SUV collided with the entrance of Manila 's Ninoy Aquino International Airport on Sunday(May 4), resulting in the deaths of a 4-year-old girl and a man. The crash happened near the departure entrance area of Terminal 1 and has left several others injured, who are currently receiving medical treatment, according to the Philippine Red Cross . The vehicle's driver is in police custody, and authorities are investigating the circumstances surrounding the crash. #Pahalgam Terrorist Attack India much better equipped to target cross-border terror since Balakot India conducts maiden flight-trials of stratospheric airship platform Pakistan shuts ports for Indian ships after New Delhi bans imports from Islamabad Images and videos shared on social media depicted the chaotic aftermath, showing injured individuals on the ground, shattered glass, and significant damage to the SUV that struck the airport entrance. The airport's operator, New NAIA Infra Corp., said it understands the concern this incident has caused, especially as images have circulated on social media. They urged the public not to speculate and to wait for verified updates, which will be issued as soon as they become available. 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dog licks arent kisses. Heres what your dog really means when it licks you. Novelodge Undo Transportation Secretary Vince Dizon reported that three individuals were injured and transported to San Juan de Dios Hospital, adding, "Three were injured and brought to San Juan de Dios Hospital. I think they are okay based on the initial report." San Miguel Corp. President and CEO Ramon Ang, who also chairs the NAIA Infra Corp., was present at the scene and committed to personally bearing the medical expenses of those injured in the vehicular crash. Live Events The Philippine Red Cross deployed 18 volunteers and five ambulances to respond to the crash, including a rescue vehicle for potential extrication operations. The organization stated, "The incident tragically resulted in the casualties of two individuals – a male adult and a 4-year-old girl." Authorities said they continue to investigate the cause of the incident, and further updates will be provided as more information becomes available.

OWWA to expand OFW Lounge to more airports following positive response
OWWA to expand OFW Lounge to more airports following positive response

Filipino Times

time16-03-2025

  • Business
  • Filipino Times

OWWA to expand OFW Lounge to more airports following positive response

After receiving favorable feedback on the OFW Lounge at Ninoy Aquino International Airport (NAIA) Terminal 3, the Overseas Workers Welfare Administration (OWWA) is set to establish similar lounges at international airports in Clark, Cebu-Mactan, and Davao. The OFW Lounge at NAIA Terminal 3 was built by the New NAIA Infrastructure Corp. (NNIC) and later turned over to OWWA for management. A separate, smaller OFW Lounge at Terminal 1 was constructed by OWWA, but the NNIC-built facility is more modern and spacious. Completed in September 2024, the lounge offers comfortable seating, Wi-Fi, charging stations, and power outlets for departing overseas Filipino workers. It also provides complimentary buffet-style meals and has an information desk to assist workers with travel-related inquiries. New hires can also connect with experienced OFWs to gain insights about working abroad. Beyond expanding the OFW Lounge network, NNIC is deploying eight additional internal shuttle buses operating 24/7 to assist passengers transferring between terminals. 'NAIA is operating well beyond its capacity, and while major infrastructure upgrades are in progress, expanding our shuttle fleet is an invaluable step to ensure accessibility and convenience [of passengers],' said Ramon Ang, president of NNIC and San Miguel Corp. (SMC). NNIC, led by SMC in partnership with South Korea's Incheon International Airport Corp. (IIAC), took over NAIA's management in September 2024. The consortium has committed P170 billion to modernize the airport, with plans to boost passenger capacity from 43 million to 62 million annually and increase aircraft movements from 42 to 48 per hour while ensuring efficient and safe operations.

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