COVID covid-19 Drop Gokongwei Income Net Retail Robinsons RRHI Robinsons Retail Reports 25% Drop in Net Income March 18, 2021 Marco Suarez Robinsons Retail Holdings Inc. (RRHI) reports a 25.5% drop in net income “due to the economic effects of the pandemic.” Net sales for the year fell
Drop Financial Investment Net Profit Report SM SM Investment Corp. Reports 48% Drop in Net Profit March 6, 2021 Marco Suarez SM Investments Corp. (SMIC) reported a 48% drop in net profit to ₱23.4 billion in 2020. The net profit of SMIC is comprised of the banking
Bank Billion Drop Profit Report Security Security Bank Reports Profit of ₱1 Billion in Q3, a 63.9% Drop Year-on-Year November 15, 2020 Marco Suarez Security Bank reports a net profit of ₱1 billion for the third quarter of 2020, a 63.9% drop in profit year-on-year. This brings the total
2020 2021 Drop GDP IMF Rise World World GDP Expected to Drop 4.4% in 2020 and Rise 5.1% in 2021 October 25, 2020 Marco Suarez The International Monetary Fund (IMF) reports the World GDP will fall 4.4% by the end of the year, less than previously expected. This is heavily credited
Drop Economic New Zealand Recession Record New Zealand Falls into Recession with Record 12.2% Economic Drop September 22, 2020 Marco Suarez New Zealand’s economy plunged into recession for the first time in a decade with a 12.2% drop in the second quarter of 2020, following a 1.6%