Try GOLD - Free
Bloomberry Q1 profit rises as Solaire North gains ground
The Philippine Star
|May 15, 2025
Bloomberry Resorts Corp. of tycoon Enrique Razon Jr. posted a substantial double-digit hike in earnings in the first quarter as the company's new integrated resort in Quezon City continues ramping up operations.
Bloomberry, owner and operator of Solaire Resort Entertainment City, Solaire Resort North and Jeju Sun Hotel & Casino, saw its net income climb by 26 percent to P3.3 billion in the first quarter from P2.6 billion in the same period last year.
Adjusting for the net impact of the P2.9 billion one-time, non-cash gain resulting from refinancing the P40 billion syndicated loan facility in February, Bloomberry said its net income would have been P445.8 million, lower by 83 percent year-on-year.
This story is from the May 15, 2025 edition of The Philippine Star.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Philippine Star
The Philippine Star
IT'S FULL STEAM AHEAD
TEAM PHL DELIVERS 6 GOLDS IN DAY 3
2 mins
December 13, 2025
The Philippine Star
One more rate cut possible - BSP
The Bangko Sentral ng Pilipinas signaled it may deliver one final rate cut in 2026, with BSP Governor Eli Remolona Jr. saying the decision will depend heavily on incoming data amid weaker domestic growth and lingering fallout from the public infrastructure scandal.
2 mins
December 13, 2025
The Philippine Star
LOAs now need clearance from BIR chief's office
The Bureau of Internal Revenue has tightened its audit protocols by requiring all Letters of Authority (LOAs) to secure clearance from BIR Commissioner Charlito Martin Mendoza before issuance.
2 mins
December 13, 2025
The Philippine Star
Time names 'Architects of AI' as Person of the Year
SAN FRANCISCO - The \"Architects of AI\" were named Time's person of the year Thursday, with the magazine citing 2025 as when the potential of artificial intelligence \"roared into view\" with no turning back.
1 mins
December 13, 2025
The Philippine Star
NBI seeks Interpol red notice vs Co
The National Bureau of Investigation (NBI) has requested the Interpol to issue a red notice against resigned Ako Bicol party-list representative Zaldy Co.
2 mins
December 13, 2025
The Philippine Star
Visa, travel services now available at select SM malls
SM Supermalls is bringing visa and travel services closer to more Filipinos nationwide as it partners with the global leader in trusted technology services, VFS Global.
1 mins
December 13, 2025
The Philippine Star
PAF aircraft join Phl-US maritime drill in WPS
Fighter jets and helicopters of the Philippine Air Force (PAF) have participated in the latest maritime exercises betwen the Philippines and the United States’ military forces in the West Philippine Sea.
1 mins
December 13, 2025
The Philippine Star
DepEd opens 1st fully air-conditioned public school
Education Secretary Sonny Angara led the inauguration of the country's first fully air-conditioned public school building in San Pedro City, Laguna yesterday.
1 min
December 13, 2025
The Philippine Star
Plunder raps filed vs Sara, 15 others
Vice President Sara Duterte is facing plunder, bribery, malversation and graft complaints over the alleged misuse of P612 million worth of confidential funds, which were allegedly diverted, misused and concealed across the Office of the Vice President (OVP) as well as the Department of Education (DepEd), which she previously headed.
4 mins
December 13, 2025
The Philippine Star
San Juanico Bridge repair 'partially finished' – Marcos
The rehabilitation of San Juanico Bridge is partially finished, with full completion expected by the third quarter of next year, President Marcos assured the people of Samar and Leyte yesterday, even as he directed authorities to ensure proper maintenance of the 52-year-old bridge to avoid socioeconomic disruption.
2 mins
December 13, 2025
Listen
Translate
Change font size