MANILA: Philippine Long Distance Telephone Co’s profit fell 33 percent in the second quarter as the nation’s largest phone carrier booked losses for its investment in Germany-based Rocket Internet SE and as earnings from its mobile-phone, data and landline businesses were little changed. Net income was 6.25 billion pesos (US$133 million) in the three months that ended in June, compared with 9.34 billion pesos a year ago, the company said yesterday in a statement. The carrier also said it would cut its dividend payout to 60 percent of core income from 75 percent to compensate for an increase in spending.
Govt likely to impose tax on users of solar panel
LAHORE: The Central Power Purchasing Agency (CPPA-G) has suggested the government to impose a tax on both residential and commercial...