GLOBE Telecom, Inc. announced on Thursday that it signed term loan facilities with China Banking Corp. and Philippine National Bank for P5 billion and P7 billion, respectively. The company will use the loans to finance its capital expenditures (capex), Globe said in a disclosure to the stock exchange. The Ayala-led telco targets to spend P70 […]
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Peso sinks ahead of BSP decision
THE PESO retreated further versus the greenback on Wednesday due to foreign selling at the stock market and cautiousness ahead of the central bank’s policy review. The local unit closed at P48.805 a dollar on Wednesday, shedding 10.5 centavos from its P48.70 finish on Tuesday, data from the Bankers Association of the Philippines showed. The […]
HYPEBEAST LTD. (0150.HK) Sees Record Profitability Despite Covid-19 Challenges, Looks Ahead To Growth
HONG KONG, Jun 22, 2021 – (ACN Newswire via SEAPRWire.com) – The Board of Directors of Hypebeast Limited (Stock Code: 0150.HK) has announced the Group’s annual results for the year ended 31 March 2021 (“FY2021”). Revenue for the year totaled HK$674.2 million; notably, revenues from the fiscal second half (“2H2021”) were 36.2% higher than revenues […]
Peso ends flat ahead of Powell testimony
THE PESO barely moved versus the dollar on Tuesday ahead of a scheduled testimony by US Federal Reserve chief Jerome Powell. — BW FILE PHOTO THE PESO moved sideways versus the greenback on Tuesday as the market waited for more signals from the US Federal Reserve on its policy tightening plans. The local unit closed […]
Stocks rise as BSP eases worries over Fed policy
STOCKS climbed on Tuesday after the Bangko Sentral ng Pilipinas (BSP) chief on Monday said the Philippine economy can weather the adverse market impact of a tightening in the US Federal Reserve’s policy stance. The Philippine Stock Exchange index (PSEi) gained 43.24 points or 0.63% to close at 6,870.41 on Tuesday, while the broader all […]
HSBC sees PHL herd immunity by April 2024
THE economic recovery remains hindered by the persistence of high infection numbers and the slow pace of vaccination relative to elsewhere in Asia, according to analysts from HSBC Ltd., who projected a 75% vaccination rate for the Philippines sometime around April 2024. The timing of that milestone would make the Philippines the third-slowest among Asia […]
Peso sinks on Fed’s hawkish shift
THE PESO depreciated versus the greenback on Monday as players remained cautious after the US Federal Reserve hinted at a possible tightening of its easy monetary policy. The local unit closed at P48.695 per dollar on Monday, sinking by 26.5 centavos from its P48.43 finish on Friday, based on data from the Bankers Association of […]
LRT-2 East Extension opening postponed
COMMUTER TRAIN operator Light Rail Transit Authority (LRTA) announced Monday the postponement of the opening of the Light Rail Transit Line 2 (LRT-2) East Extension Project from June 22 to next month. “We regret to inform the riding public that the long-awaited opening of the… LRT-2 East Extension Project was postponed for at least two weeks […]
VAT and percentage tax amendments in light of the coronavirus pandemic
More than a year after the onset of the Coronavirus Disease 2019 (COVID-19) pandemic, the government continues to ramp up its efforts to reduce financial distress brought by the public health crisis. As part of its response, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 8-2021 on June 12. RR 8-2021 seeks […]
Stronger peso expected before rate pause
THE PESO is likely to appreciate versus the greenback as the market expects the Philippine central bank to keep benchmark interest rates at record lows at its meeting on Thursday. The currency on Friday lost five centavos to close at P48.43 a dollar from a day earlier, according to data posted on the Bankers Association […]
Stocks may take cue from govt’s vaccine rollout
PHILIPPINE shares would probably take their cue this week from the government’s continued rollout of coronavirus vaccines and further lockdown easing, analysts said at the weekend. Stocks may also move based on expectations of easing inflation, they said. The Philippine Stock Exchange index (PSEi) could breach 7,000 points with “more positive news in both the […]
Gov’t seals deal for 40M doses of Pfizer vaccine
THE PHILIPPINES has sealed a deal for 40 million doses of the vaccine made by Pfizer, Inc., the country’s vaccine czar announced on Sunday, calling it the biggest order secured for this year. Secretary Carlito G. Galvez, Jr. said deliveries are expected “after eight weeks starting August.” “We are very happy to report that the […]
Grand Ming Group Holdings Limited Announces Annual Results for the Year Ended 31 March 2021
HONG KONG, Jun 19, 2021 – (ACN Newswire via SEAPRWire.com) – Grand Ming Group Holdings Limited (“Company”, together with its subsidiaries, collectively referred to as the “Group”; 1271.HK) announces its annual results for the year ended 31 March 2021 (FY 2020/21). Highlights:– Revenue amounted to HK$1,492.4 million, an increase of 65.3% from the previous financial […]
Cebu City to use Sinovac on upland residents, aims to finish their vaccination by September
THE Cebu City Government targets to vaccinate the majority of residents in mountain barangays against coronavirus disease 2019 (Covid-19) by September. It started vaccinating them at the Don Bosco Technical College (DBTC) in Barangay Punta Princesa on Friday, June 18, 2021, and at the Barangay Bonbon gym on Saturday, June 19. The DBTC will cater […]
Tabada: Fathers who cook
Papang did not cook. My father-in-law did. The husband does. Papa Peking made “inun-unan (dish simmered in vinegar)” I can still taste: the fragrance of sauteed garlic and onion, the tartness of vinegar, the sly spice of ginger, softness of flesh after the scales peel away from the fish, and, overlaying all these, the sinfulness […]
BSP fully awards 28-day bills
The Philippine central bank raised P100 billion from its auction of short-term securities on Friday even as rates rose on hints by the US central bank of a looming interest rate increase in 2023. The Bangko Sentral ng Pilipinas (BSP) fully awarded the 28-day bills from total bids worth P140.525 billion. The auction was 1.4 […]
Unemployment declined but remained high in Q1
AROUND 12.2 million adult Filipinos were jobless in the first quarter, Social Weather Stations (SWS) estimated, citing projections made from one of its surveys. In a statement Thursday, SWS said adult joblessness fell by 1.5 percentage points to 25.8% compared to the fourth quarter of 2020. This latest level is still much higher than the […]
Stuff to do (06/18/21)
1 of 6 Robinsons Galleria hosts artisans fair ROBINSONS Malls will host the 5th Made in QC (MIQC) Local Artisans’ Fair to be held at Robinsons Galleria on June 18 to 19. The fair will showcase MIQC purveyors’ hand-crafted products ranging from soaps and candles, bags, to ice cream and jewelry. Over 15 businesses from […]
Wenceslao: Race continues
It’s good that Gov. Gwendolyn Garcia has expressed a willingness to listen to the officials of the Inter-Agency Task Force or IATF regarding the imposed protocols especially in the airport to prevent the spread of the coronavirus in the country. The governor knows we still are in a race considering the low number of vaccinated […]
Wholesale price growth of general goods eases in April
PHILIPPINE STAR/ MICHAEL VARCAS THE year-on-year growth in wholesale prices of general goods slowed in April compared to the rate recorded in March, the Philippine Statistics Authority (PSA) said Wednesday. The general wholesale price index (GWPI) rose 2.7% year on year in April, against the 2.8% pickup in March, according to preliminary data. Driving the […]