DAVOS, Switzerland — The author who first envisioned the metaverse 30 years ago sat down on Wednesday with a top executive from the company investing billions in building it and agreed there were formidable hurdles to bringing it to the masses. Neal Stephenson, who coined the term in his 1992 novel Snowcrash, and Chris Cox, […]
Tag: expected
Airport authority sees 2023 revenue rising 36% to P11.5B
THE Manila International Airport Authority (MIAA), which manages the Ninoy Aquino International Airport, said it expects revenue to rise 36% to P11.46 billion this year, with a capital expenditure target of P2.69 billion, up 98%. The budget for maintenance and other operating expenses has been raised by 18% to P5.42 billion. Operating expenses include water, […]
Brooke’s Point, Palawan flooded anew; almost 2,000 families evacuated
ALMOST 2,000 families in Brooke’s Point, still reeling from flash floods due to rains in late December, have been evacuated as of Thursday morning due to renewed flooding triggered by strong downpour from a low pressure area. The town, located in the southern part of Palawan, was declared under a month-long state of calamity on […]
PHL imports, consumption of distilled spirits seen returning to pre-pandemic levels by 2023
PHILIPPINE imports and consumption of distilled spirits are expected to return to pre-pandemic levels as pandemic restrictions ease, the Global Agricultural Information Network (GAIN) said in a report. “Prospects for growth are exceptionally bright due to the country’s young, fast growing, and highly urbanized population, the strong presence of premium US brands, and the proliferation […]
Pagasa: Expect ‘ugly’ weather in Cebu on September 26
CEBU and other provinces in the Visayas on Monday, Sept. 26, 2022 will be cloudy with chances of light to moderate rains and occasional heavy rains as well as thunderstorms, particularly in the afternoon and evening due to the prevailing southwest monsoon (habagat),according to an official of the Philippine Atmospheric, Geophysical and Astronomical Services Administration […]
PHL stocks may decline before Fed, BSP meetings
PHILIPPINE SHARES may continue to decline this week ahead of the policy meetings of the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP). The Philippine Stock Exchange index (PSEi) slipped by 26.90 points or 0.4% to close at 6,548.77 on Friday, while the broader all shares index went down by 22.49 points or […]
Stocks seen to pull back after robust Q2 results
PHILIPPINE SHARES may move sideways this week on profit taking after its last week’s rally as investors wait for more economic catalysts that would point to sustainability. The Philippine Stock Exchange index (PSEi) posted gains on Friday, inching up by 39.23 points or 0.57% to close at 6,863.86, while the broader all shares index went […]
Tropical depression Florita to bring heavy rains in central, northern Luzon
TROPICAL depression Florita is expected to bring heavy to intense rains in the eastern side of central and northern Luzon, the Philippine’s northern mainland, starting late Monday to Tuesday evening, state weather bureau PAGASA said on Sunday. Florita, the 6th typhoon to enter the country this year, is seen to intensify into tropical storm category […]
Fuel pump prices expected to drop anew this week
THE pump prices of petroleum products are expected to slightly drop anew in the coming week.In its fuel forecast for July 26 to August 1, Unioil Philippines said diesel is forecast to go down by P1.80 to P2 per liter, while gasoline should go down by P0.30 to P0.50 per liter.Oil companies usually announce price […]
Australia’s central bank raises rates for third month, still more to come
SYDNEY — Australia’s central bank on Tuesday raised interest rates for a third straight month and flagged more ahead as it struggles to contain surging inflation even at the risk of triggering an economic downturn. Wrapping up its July policy meeting, the Reserve Bank of Australia (RBA) lifted its cash rate by 50 basis points […]
Editorial: ‘Persecution’ of Pastor Quiboloy
As expected, the self-anointed “Appointed Son of God” and “Owner of the Universe” Pastor Apollo Carreon Quiboloy resorted to Biblical personalities to describe his current situatio…
Toyota Announces Production Plans in February 2022, as of January 18
Toyota City, Japan, Jan 18, 2022 – (JCN Newswire via SEAPRWire.com) – At Toyota, we have made repeated adjustments to our production plans due to a parts shortage resulting from the spread of COVID-19, causing various inconveniences to our customers and all parties concerned. We would like to express our gratitude to everyone involved for […]
Christmas spending expected to top P37,000 per household
HOUSEHOLDS are expected to spend about P37,106 each to celebrate Christmas, according to a study conducted by a remittance company. The Philippines’ estimated Christmas spend is eighth-largest among 15 economies surveyed by WorldRemit. “Christmas celebrations begin as early as September and extend until January in the Philippines, making it challenging for many families to afford the […]
Golden Rice expected to be competitively priced
GOLDEN RICE is expected to be competitively priced when it becomes available on the market, according to an official from the Philippine Rice Research Institute (PhilRice). Reynante L. Ordonio, PhilRice Healthier Rice project lead, said in a virtual briefing Thursday that Golden Rice can be grown the same way as other rice varieties. On July […]
Showa Denko Revises Forecast of Consolidated Performance and Records Extraordinary Loss
TOKYO, Aug 3, 2021 – (JCN Newswire via SEAPRWire.com) – Showa Denko (SDK; TSE:4004) announces that it revises its forecast of consolidated business results for the first half of the year ending on December 31, 2021 and that for the full year ending on December 31, 2021, both of which were announced on July 8, […]
Dengue outbreak in Central Visayas expected in 2022, says DOH 7
DESPITE the decrease of dengue cases in Central Visayas this year, the Department of Health (DOH)-Central Visayas is preparing for the expected dengue outbreak in the region by 2022. Jeffrey Doyongan, DOH-Central Visayas entomologist, said a dengue outbreak is expected to occur next year based on the three-year trend of dengue cases in the region. […]
Southeast Asia faces long road back to previous growth — survey
The prolonged COVID-19 pandemic is clouding economic projections for Southeast Asia, with most countries not expected to return to pre-pandemic growth levels for several years. The Philippines will see the largest decline in average annual gross domestic product growth in the three years ending 2022 — more than five percentage points — compared to 2019, […]
Traffic expected as NLEX starts bridge repairs
Motorists may experience delays as NLEX Corp. has started repairs on Meycauayan and Bigaa bridges in Bulacan province, both built in the 1960s, the company’s top official said on Thursday. In an e-mailed statement, the tollway company said the bridge rehabilitation projects seek to provide safer travel. “We always look after the safety and convenience […]
Storm Crising expected to make landfall over Davao Oriental-Surigao del Sur area
TROPICAL storm Crising, the 3rd typhoon to enter the Philippines this year, is crossing Mindanao and is expected to make landfall Thursday night or early Friday over the Davao Oriental-Surigao del Sur area, according to state weather agency PAGASA. As of Thursday afternoon, tropical wind signals 1 and 2 in a 5-level warning system were […]
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 […]