GE Reports $1 Billion Hit to Cash Flow

Credit to Author: Darrell Proctor| Date: Wed, 29 Apr 2020 14:34:53 +0000

The post GE Reports $1 Billion Hit to Cash Flow appeared first on POWER Magazine.

General Electric (GE) on April 29 reported a steep drop in first-quarter revenue, with the industrial giant—like many companies—taking a major hit from the coronavirus pandemic. The company reported a year-over-year revenue decline of 8%, with posted revenue of $20.524 billion, and noted a $1 billion negative impact to cash flow during the quarter. The […]

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GE, Siemens, Utilities Take Hits From Coronavirus

Credit to Author: Darrell Proctor| Date: Mon, 27 Apr 2020 17:03:05 +0000

The post GE, Siemens, Utilities Take Hits From Coronavirus appeared first on POWER Magazine.

Lincoln-Project-Combustion-Gas-Turbine-Delivery-Siemens

U.S. power plant operators continue to change procedures at their facilities, including pushing back scheduled maintenance, due to lockdowns and quarantines associated with the coronavirus pandemic. The changes are impacting companies such as General Electric (GE) and Siemens, which are major service providers to power plants, at a time when these global companies already are […]

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Palace backs move to have PH offshore gaming operators register with BIR

Credit to Author: jespinosa| Date: Mon, 18 Feb 2019 09:06:32 +0000

The Palace stood by the BIR’s move to require Philippine offshore gaming operators (POGOs) register first with the tax agency before getting a license from Pagcor.

The post Palace backs move to have PH offshore gaming operators register with BIR appeared first on Inquirer News.

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Pimentel hits delays in release of balikbayan boxes in Manila ports

As the countdown to Christmas begins, Senator Aquilino Pimentel III questioned the delays in release of merchandise and balikbayan boxes arriving in Manila’s ports and said he planned to summon Bureau of Customs (BOC) officials to explain the problem.

The post Pimentel hits delays in release of balikbayan boxes in Manila ports appeared first on Inquirer News.

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Govt revenue from Train exceeds target in first half of 2018

REVENUE from the first package of tax reform exceeded the government’s target for the first half of the year, Finance Secretary Carlos Dominguez 3rd told legislators on Tuesday. “The Train Law, which you kindly passed, and which was implemented at the start of 2018, contributed P33.7 billion in revenues for the first half of the year […]

The post Govt revenue from Train exceeds target in first half of 2018 appeared first on The Manila Times Online.

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