MAX’S Group, Inc. reported that its first-quarter earnings fell by 88% to P42 million from P337 million amid lockdown restrictions. “We are very excited with our first quarter results despite the January lockdown, as they gave us indication of the shape of what’s to come for Max’s Group. We have not experienced a full quarter […]
Tag: from
Cebu Pacific to resume int’l flights from Cebu hub starting with Seoul flights
BUDGET carrier Cebu Pacific (CEB) announced on Thursday the resumption of its international flights from Mactan Cebu International Airport in Cebu, starting with flights to South Korea in July. Following the reopening of South Korea to visitors, the airline’s Cebu hub will resume international service to South Korea as its first destination hub, Cebu Pacific […]
‘Scubasurero’ underwater cleanup held by Therma Visayas in Toledo
LEADING up to the celebration of Earth Day this year, AboitizPower subsidiary Therma Visayas Inc. (TVI), in partnership with the Aboitiz Foundation, organized an underwater garbage cleanup with its volunteer “Scubasureros” in Barangay Bato, Toledo City, Cebu last April 14, 2022.“Scubasurero is a term coined from ‘scuba diving’ and ‘basurero’ or garbage collector,” said Therma […]
Doctor Strange 2 rules again as Firestarter flames out
LOS ANGELES — Doctor Strange in the Multiverse of Madness is again the No. 1 movie at the North American box office. In its second weekend of release, the latest installment in Disney’s Marvel Cinematic Universe has collected $61 million from 4,534 North American theaters. Ticket sales were down 67% from its opening weekend, marking […]
Security Bank posts higher net income in the first quarter
SECURITY BANK Corp. recorded a higher net income in the first three months of the year, buoyed by lower loan loss buffers and an improvement in its core income. The bank’s net profit rose by 66% to P2.7 billion in the first quarter, it said in a filing with the local bourse on Monday. This […]
Axelum profit climbs 25%
AXELUM Resources Corp. reported that its first-quarter net income grew 25% to P181.93 million from P145.6 million despite logistics issues due to the pandemic. “We continue to service increasing requirements of our customers despite major shipping issues, particularly irregular port calls, delayed container turnover, limited cargo space and international port congestion,” President and Chief Operating […]
T-shirts tap into childhood nostalgia
1 of 4 PHOTO FROM UNIQLO.COM PHOTO FROM UNIQLO.COM PHOTO FROM UNIQLO.COM PHOTO FROM UNIQLO.COM Synergy between Uniqlo stores, app NEW T-shirts by Uniqlo are tapping into nostalgia with collaborations with popular figures from animé and videogames. At a launch on May 13 at the Uniqlo SM Megamall branch, a cosplayer posed as Final Fantasy’s […]
Dollar’s strength pushes global economy deeper into slowdown
THE SOARING DOLLAR is propelling the global economy deeper into a synchronized slowdown by driving up borrowing costs and stoking financial-market volatility — and there’s little respite on the horizon. A closely watched gauge of the greenback has risen 7% since January to a two-year high as the Federal Reserve embarks on an aggressive series […]
First-quarter earnings lift PLDT shares higher
INVESTORS turned bullish on PLDT, Inc. last week after the release of its first-quarter earnings report, which was ahead of forecast for both net income and core profit, analysts said. Data from the Philippine Stock Exchange (PSE) showed a total of 888,690 PLDT shares worth P1.68 billion exchanged hands from May 10 to 13, making […]
Isuzu Traviz goes 1,063 km on one full tank
1 of 4 The Isuzu Traviz is powered by the brand’s reliable 4JA1 Blue Power diesel engine, and has a fuel tank capacity of 50 liters. — PHOTO FROM ISUZU PHILIPPINES CORP. Isuzu Philippines Corp. (IPC) President Hajime Koso (left) and IPC VP for Sales Yasuhiko Oyama (right) flag off Alvin Mañalac and Mon Dimapilis […]
Cebu logs few crime incidents from March 25 to May 10
POLICE recorded only 150 crime incidents in Cebu Province from March 25 to May 10, 2022.This was a 76.5 percent decrease from 639 cases recorded in the same period in 2019 and 73.3 percent decrease from 563 cases in 2016.Local candidates’ campaign period started last March 25 and it ended on May 7. The Election […]
Topnotcher follows older brother’s footsteps
MATHEMATICS will always be a difficult subject if you ask any student.But for Angelo Hinayas Sigue, a graduate of the Cebu Technological University (CTU), his fear of the subject didn’t stop him from claiming success during the recently concluded May 2022 Civil Engineering Licensure Examination.Sigue, who hails from Lapu-Lapu City, ranked sixth in the exams […]
‘Revenge travel’ to boost brand sales — ShopBack
The tourism industry will make a comeback this year as people take advantage of loosened restrictions and go on a “revenge travel” spree, according to ShopBack, a cashback reward program. “We expect travel to be one of the big [sales drivers],” Prashant Kala, Philippine country head of ShopBack, told BusinessWorld in a May 5 Zoom call. Shopback aims […]
Holcim net income drops on soft demand, higher expenses
HOLCIM Philippines, Inc. announced on Thursday that its first-quarter attributable profit dropped by 54% to P420.28 million from P908.92 million previously, due in part to soft cement demand and higher production and distribution costs. The company reported net sales of P6.7 billion for the first quarter of the year, which was 1% lower than the […]
SPC profit down 73% on lower earnings of investee firms
SPC Power Corp. saw its first-quarter attributable net income drop 72.6% to P126.72 million from P462.49 million in the same period a year ago, as earnings of investee companies contracted. “The biggest component of the reduction in the group’s consolidated net income was from the equity share in the earnings of investee companies which contracted […]
EXPLAINER: Election of barangay captain ordered dismissed in 2020 by Ombudsman for P50,000 ‘illegal’ spending raises questions on (1) her right to assume as town mayor and (b) wisdom of Malabuyoc voters’
WHAT HAPPENED. Erlinda Q. Piedad, former barangay captain of Barangay Sto. Nino in Malabuyoc, Cebu, loomed Wednesday, May 11 as the winner in the election for mayor in that town. Edang Piedad, her name in the ballot, beat by 1,408 votes Daya Creus: 7,507 against 5,099.Edang Piedad trounced Councilor Daisy Lim-Creus, ballot-name Daya Creus, for […]
URC income up 20% on higher sales, forex gains
UNIVERSAL Robina Corp. (URC) announced that its net income in the first quarter was higher by 20% to P3.6 billion from P3 billion, driven by higher sales and foreign exchange gains. “Over the past months, countries in the region have opened up their economies as COVID transitions to an endemic phase, we see market recovery,” […]
Gwen, Davide to rule Cebu for another 3 years
CEBU Gov. Gwendolyn Garcia and Vice Gov. Hilario “Junjun” Davide III will govern the province for another three years after having been reelected in the recently concluded 2022 national and local elections.The four-time governor was proclaimed winner on Tuesday evening, May 10, a day after the elections, as she secured a historic 80.80 percent of […]
The Virgin Labfest returns to the stage
AFTER two years of online performances, the 17th Virgin Labfest (VLF) — the theater festival of untried, untested, and unstaged plays — returns to the Cultural Center of the Philippines’ Tanghalang Huseng Batute stage from June 16 to 26. It will be followed by an online screening of the plays from June 30 to July […]
Treasury bills partially awarded as rates increase
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Tuesday as yields continued to rise due to higher-than-expected inflation, which fueled expectations of an earlier rate hike from the Bangko Sentral ng Pilipinas (BSP). The Bureau of the Treasury (BTr) only awarded P5 billion in T-bills at its auction on Tuesday even as […]