Extract from the text of the original document: "figure shows the fraction of gross domestic product (GDP) devoted to health care in a number of developed countries in 2006. According to the Organization for Economic Cooperation and Development (OECD), the United States spent 15.3 percent of its GDP on health care in 2006. The next highest country was Switzerland, with 11.3 percent. In most other high-income countries, the share was less than 10 percent." (Photo credit: Wikipedia)GT Capital Holdings, the investment vehicle for the various business interests of the Ty family, has reported a 50.5 percent increase in its net earnings for the first three months of 2012 to P1.3 billion, spurred by growth across all component companies.
In a statement, GT Capital president Carmelo ML. Bautista said the strong growth performance mirrors the consumption-driven growth of the domestic economy.
“GT Capital’s component companies are already market leaders in their respective sectors and therefore have the strategic advantage with gross domestic product (GDP) growth expected at five percent or better,” he said.
Real estate unit Federal Land Inc. showed major improvement in its sales revenue as net income grew to P110 million, up 123 percent compared to last year.
Despite the strong Japanese yen, vehicle manufacturing arm Toyota Motors Philippines increased its sales by seven percent, boosting its market share to 38 percent, with a net income of P673 million as of end-March.
Top leader Metropolitan Bank & Trust Co. (Metrobank) reported a 40-percent income growth versus the same period last year to P4.3 billion attributed to the higher than expected growth of its loan book by 18 percent, and higher earnings across its core lending, treasury and investment and fee-based business.
Insurance unit AXA Philippines’ net income grew 25 percent for the first three months of 2012 to P164 million.
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