BDC ramps up subsidiary funding to P190m
Friday, May 30, 2025 | 220 Views |
Supported: BDC is ploughing more funding into investments such as Milk Afric
The corporation posted a loss before tax of P40.7 million for the year to June 2024 and narrowed this to P24.2 million in the half-year to December 2024.
In its latest annual report, the investment agency which boasts an asset value of P5.7 billion, revealed to stakeholders that ramped its spending to support subsidiaries from P42.6 million in 2023 to P189 million in the year to June 2024, an increase of P146 million on a year on year basis.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...