LOS ANGELES — Hollywood is preparing to take another trip down the yellow brick road with a remake of classic movie The Wizard of Oz, one of the most celebrated films of all time. New Line Cinema, a unit of AT&T Inc.’s Warner Bros studio, said on Tuesday it was developing a fresh take on […]
Category: Hot News
PSE posts month-on-month market cap gain in December, ends 2020 at near-2019 level
How PSEi member stocks performed — February 11, 2021
Here’s a quick glance at how PSEi stocks fared on Thursday, February 11, 2021.
Stuff to do (02/12/21)
1 of 4 Regine Velasquez Valentine’s concert postponed ABS-CBN Events and IME have postponed the Freedom: Regine Velasquez-Alcasid Digital Concert scheduled on Feb. 14 because Ms. Velasquez-Alcasid was recently exposed to someone who tested positive for coronavirus disease 2019 (COVID-19) and is now in quarantine. ABS-CBN, in a statement, said all tickets sold for the […]
Private sector commits support to national government’s COVID-19 vaccination program
With the impending arrival of the first batch of vaccines under the COVAX global vaccine sharing facility this month, the private sector coalition that launched Taskforce T3 (Test, Trace, Treat) vowed to strengthen its ongoing collaboration with the national government to accelerate the pace of the vaccination program roll-out. “The private sector eagerly anticipates the […]
PSEi ends lower on earnings, BSP policy decision
LOCAL STOCKS declined on Thursday following the release of more corporate earnings results and as investors awaited the Bangko Sentral ng Pilipinas’ (BSP) policy decision, which was announced after the market’s close. The Philippine Stock Exchange index (PSEi) dropped by 91.14 points or 1.28% to close at 6,991.01 on Thursday. The all shares index likewise […]
Peso dips on expectations of steady BSP policy
THE PESO weakened against the dollar on Thursday on expectations that the central bank will keep benchmark interest rates untouched at record lows. The local currency went down by 0.7 centavo on Thursday to close at P48.045 against the greenback from the P48.038 finish logged on Wednesday, data from the Bankers Association of the Philippines […]
Gilas Pilipinas open to playing in the PBA as a guest team
“WE’RE DEFINITELY OPEN TO THE IDEA OF PLAYING IN THE PBA,” said Samahang Basketbol ng Pilipinas President Al Panlilio in a statement as they welcomed the offer of the local pro hoops league to accommodate Gilas Pilipinas in the PBA. — FIBA By Michael Angelo S. Murillo, Senior Reporter PRESENTED with the opportunity by the […]
Globe’s 2020 income down 13% due to pandemic
GLOBE TELECOM, Inc. said the aggressive investments made in its network should allow revenues to increase by low to mid single digit from 2020 level. — BW FILE PHOTO By Arjay L. Balinbin, Senior Reporter GLOBE TELECOM, Inc. posted a 13.04% decline in its core net income for 2020 mainly due to the impact of […]
The way to a man and woman’s heart…
1 of 14 CHOCOLATES and flowers from the tie-up between CMV Txoxolat and The Flower Farm — CMVTXOKOLAT.COM Special Valentine’s Day ice cream from Sebastian’s STICKY pecan rolls from Riverside Kitchen THE chef’s sushi collection at Sofitel’s Spiral OUTDOOR dining at The Pen’s Spices ANGUS striploin from Crimson’s “High on Love” dinner It’s been pretty […]
Celebrating HK’s Lunar New Year online
1 of 3 AN elderly man looks at plants at the Victoria Park Flower Market in Hong Kong. THE interiors of Man Mo Temple lit by joss sticks and sunshine THE Guanyin Temple in Hung Hom, which survived World War II and remains intact, is worshippers’ first choice when it comes to borrowing Guanyin’s money […]
Basic Energy unit plans 50-MW wind farm in Batangas
A UNIT of Basic Energy Corp. has approved the principal terms of a 50-megawatt (MW) wind energy service contract with the Energy department in Mabini, Batangas, the listed firm disclosed on Wednesday. In a regulatory filing, Basic Energy said that the board directors of its wholly owned subsidiary Mabini Energy Corp. also greenlit the move […]
How to make Hong Kong’s Poon Choi for the Lunar New Year
BECAUSE of the Philippines’ large Filipino-Chinese community, the Lunar New Year is celebrated as a special non-working holiday and traditional Chinese activities such as preparing tikoy (glutinous rice cakes) and giving ampaos (red envelopes) are practiced. While Chinese New Year is just around the corner, the lantern festival and dragon dance may not be celebrated […]
Converge fiber network ‘more than doubled’
LISTED internet service provider Converge ICT Solutions, Inc. on Wednesday said its fiber network had “more than doubled” last year, after it added over 28,300 kilometers of fiber optic cables. In a statement, Converge said it expanded its fiber network by 107% from about 26,600 kilometers in 2019. “We are well on track to meeting […]
Twitter investors look past warning of slower user growth, eye rising ad sales
TWITTER, INC. on Tuesday beat Wall Street targets for quarterly sales and profit and followed its social media peers to forecast a strong start to 2021 as ad spending rebounds from a rock bottom. The solid beat, aided by ad product improvements, convinced investors to overlook a dull forecast for user growth, which Twitter expects […]
Survey shows more Filipinos eating better in the new normal
A HERBALIFE Nutrition survey shows more Filipinos are eating better in the so-called new normal. HERBALIFE Nutrition recently released the findings from the 2020 Diet Decisions Survey, showing that more Filipinos are eating better in the so-called new normal. The survey, which polled 8,000 consumers in different Asia-Pacific markets including the Philippines, revealed that among […]
Premiere Horizon receives third initial payment for stake sold to SquidPay
PREMIERE Horizon Alliance Corp. has received the third preliminary payment worth P100 million from fintech (financial technology) firm SquidPay Technology, Inc. On Wednesday, Premiere Horizon disclosed to the exchange that payments for the initial cash investment of P300 million for 55% of the company’s ownership had been completed by an investor group led by businessman […]
TDF yields mixed ahead of BSP meeting
YIELDS ON THE Bangko Sentral ng Pilipinas’ (BSP) term deposits ended mixed on Wednesday, with investors preferring the shorter seven-day papers ahead of the central bank’s policy decision on Thursday. Bids for the central bank’s term deposit facility (TDF) reached P634.979 on Wednesday, slightly above the P630-billion offering but failing to beat the P661.872 billion […]
Axelum gives details of its environmental, social, and governance platform
From coconut shells as feedstock to packaging materials turned fashionable bags, publicly listed Axelum Resources Corp. has enumerated the initiatives that made up its environmental, social, and governance (ESG) platform. In a regulatory filing on Tuesday, the company said its ESG report has the seal of the Global Reporting Initiative, which is the international standard […]
Aboitiz’s Hedcor sees ‘higher reliability’ in hydro plants
Hedcor, Inc. said that the reliability of the overall operations of its hydro plants improved in 2020 as unplanned outages ran for a shorter period despite posting a slightly lower annual generation rate. In a press release issued on Feb. 4, Hedcor said that it had an unplanned outage factor of 0.73%, which it described […]