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Megawide raises dividend ceiling to 50%

MANILA, Philippines – Megawide Construction Corp. has raised its dividend allocation ceiling to 50 percent of its net income the previous year amid expectations of its profit tripling by 2027. The company led by tycoon Edgar Saavedra on Monday said in a disclosure that its board of directors had increased the maximum allowable dividend cash

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Philippine pharma sector revenues seen hitting $2B in ’25

MANILA, Philippines – The Philippine pharmaceutical industry is projected to generate almost $2 billion in revenues this year, given the government’s continued support for the fast-growing sector. According to the Board of Investments (BOI), the pharmaceutical sector is expected to grow at an annual rate of 4.1 percent through 2029. “This upward trend is expected

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UAAP: UP no answer vs UST’s Collins Akowe, says coach Goldwin

MANILA, Philippines–Coach Goldwin Monteverde admitted that University of the Philippines simply had no answer for University of Santo Tomas’ debuting foreign student-athlete Collins Akowe in Sunday’s 87-67 loss to open their UAAP title defense. Akowe asserted himself right from the beginning and finished with 29 points and 17 rebounds as the Growling Tigers pounded the