CONGRESSMEN on Thursday swiftly approved the Office of the Ombudsman’s P4.78-billion budget for next year. The House of Representatives committee on appropriations approved the 1.5% increase, citing the office’s fiscal autonomy under the Constitution. Under the budget, P3.05 billion will go to personnel services, P1.43 billion to maintenance and other operating expenses and P230 million […]
Tag: increase
ICTSI Subic deploys more equipment to boost productivity
LISTED port operator International Container Terminal Services, Inc. (ICTSI) announced on Wednesday that its Subic Bay International Terminal Corp. (SBITC) is deploying more equipment to boost its landside operations. SBITC is now deploying additional rubber-tired gantries (RTGs) to improve its productivity, in line with the growth prospects of North and Central Luzon, ICTSI said in […]
WIKA Books Sales of Rp7.18 Trillion in Q2-2022
JAKARTA, Sep 2, 2022 – (ACN Newswire via SEAPRWire.com) – PT WIJAYA KARYA (Persero) Tbk. [IDX: WIKA] successfully booked a gross profit of Rp627.24 billion in Q2-2022 or 14.8% higher on a year-on-year basis (YoY) as recorded in the financial statement for the period ended on 30 June 2022. This figure was supported by the […]
Feed-dependent industries urge more budget support for yellow corn production
INDUSTRIES dependent on animal feed called on the government to raise its budget allocation for raising corn output, saying corn scarcity will have a follow-on effect on meat, fish, and poultry prices. “There should be more funding for yellow corn production as it is the main ingredient for the feed of our main protein sources […]
Global-Estate’s earnings surge 33% to P405M; hotels lead growth
GLOBAL-ESTATE Resorts, Inc. (GERI) posted a 33.2% increase in its attributable net income of P404.55 million in the second quarter as most of its business segments recorded higher revenues. Revenues surged by 41.5% to P1.74 billion for the April-June period from P1.23 billion in the same period last year, its quarterly financial report filed with […]
AGTech Announces Interim Results Ended June 30, 2022, with revenue of HK $133 million, up 71% year on year
EQS Newswire / 09/08/2022 / 10:00 UTC+8 AGTech Announces Interim Results Ended June 30, 2022, with revenue of HK $133 million, up 71% year on year (Hong Kong, August 8, 2022) – AGTech Holdings Limited (“AGTech” or the “Group”, HKEX stock code:8279) today announced its interim results for the six months ended June […]
San Miguel income up 24% to P33B on volume growth
SAN MIGUEL Corp. (SMC) reported a 24% increase in its recurring consolidated net income in the first half to P32.5 billion driven by topline gains across its businesses. “Overall, it’s been a very challenging period, with geopolitical conflict resulting in uncertainties and serious supply and cost issues that are affecting industries all over the world,” […]
Mitsubishi Heavy Industries Achieves 22% YoY Increase in Order Intake and 52% YoY Increase in Net Profit in a Challenging First Quarter
TOKYO, Aug 5, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Heavy Industries (TSE Code: 7011) announced that order intake rose 22.3% year-over-year to YEN917.8 billion in the quarter ended June 30, 2022. Revenue rose 2.3% to YEN871.3 billion year-over-year, resulting in business profit(1) of YEN14.9 billion, a 30.4% decrease from the previous fiscal year, […]
McDonald’s raises UK cheeseburger price for first time in 14 years
LONDON — McDonald’s will increase the price of its cheeseburger by 20% in Britain, in the first price hike for the popular item in 14 years as it responds to soaring inflation. The cheeseburger’s price will now rise to £1.19 from 99 pence. McDonald’s will also increase prices by 10p-20p for other items that have […]
Espinoza: Water rates increase on hold?
Last week, the Metro Cebu Water District (MCWD) announced its plan to impose a 70 percent increase in water rates beginning on July 1, 2023. MCWD Chairman Joey Daluz issued the announcement on the water rates increase that shocked not only the water consumers served by MCWD, but also Cebu City Mayor Michael “Mike” Rama.In […]
Peso may rebound vs dollar as BSP turns hawkish
THE PESO may rebound versus the dollar this week on hawkish remarks from the Bangko Sentral ng Pilipinas (BSP) chief following the surprise rate increase on Thursday. The local unit closed at P56.36 per dollar on Friday, depreciating 21 centavos from its P56.15 finish on Thursday, based on Bankers Association of the Philippines data. The […]
MCWD to increase water rate by 70%
THE Metropolitan Cebu Water District (MCWD) will implement a 70 percent increase in water rates starting July 2023 and this will be divided into two.Lawyer Jose Daluz III, chairman of the MCWD board of directors, said there would be an adjustment in the water tariff by 60 percent starting July 1, 2023 and “a supplementary […]
Megawide sees improvement in MCIA’s international traffic
INTERNATIONAL passenger traffic is expected to increase at the Mactan-Cebu International Airport (MCIA) as travel restrictions further ease, Megawide Construction Corp. said on Friday, July 1, 2022.“In the airport segment, the company is expecting a boost in international numbers at MCIA, particularly with the opening of the thrice-weekly Cebu-Istanbul route via Turkish Airlines and the […]
Bangsamoro board approves 3 investments worth P734M
THREE companies have been given the green light for their proposed projects in the Bangsamoro with a combined outlay of over P734 million, the regional investment board announced at the weekend. These are: P340.8 million from Nama Concrete Philippines Corporation (NAMA) for a pre-mixed cement facility in Sultan Kudarat, Maguindanao; P340.8 million from Mount Kalantungan […]
MCWD official: Expect water rate increase
CONSUMERS of the Metropolitan Cebu Water District (MCWD) may soon see a rise in their water bills as the utility provider mulls a higher water tariff within one year.John Macabinta of the MCWD corporate planning department told reporters Friday, June 17, 2022, that the company is about to submit the requirements to the Local Water […]
Yields on term deposits climb as market awaits Fed decision
YIELDS on the central bank’s term deposits climbed on Wednesday, with market players positioning ahead of an expected aggressive hike by the US Federal Reserve and amid growing inflation pressures at home. Demand for the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) reached P364.664 billion, surpassing the P300-billion offer and the […]
Cabaero: Fare hike as a solution or not
It used to be a series of ups and downs but, lately, it’s all going up. That, dear commuters and vehicle owners, is about fuel prices.One of the responses of the government to this upward movement in diesel, gasoline and kerosene prices was to increase jeepney fare. Although a fare hike might appear to help […]
LTFRB 7 set to hear proposed P2 fare hike for Cebu PUJs next week
THE Land Transportation Franchising and Regulatory Board in Central Visayas (LTFRB 7) is set to conduct a hearing on the proposed P2 provisional minimum fare increase submitted by traditional public utility jeepney (TPUJ) drivers in Cebu next week.If approved, the minimum fare of TPUJs operating in Cebu will increase from P9 to P11.Petitioners of the […]
Nearly 20 firms hope to get exemption from wage hike
CLOSE to 20 companies in Central Visayas have expressed their intention to be exempted from the implementation of the approved P31 per day wage increase that is set to take effect on June 14, 2022.Lawyer Evita Mendoza-Balane, acting board secretary of the Regional Tripartite Wages and Productivity Board (RTWPB) in Central Visayas, confirmed this Tuesday, […]
Mitsubishi Heavy Industries Achieves Record-Breaking Cash Flow in FY2021 and Plans Increased Dividends
TOKYO, May 12, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Heavy Industries (MHI, TSE Code: 7011) announced that order intake rose 21.9% year-over-year to ¥4,067.7 billion in the period ended March 31, 2022. Revenue rose 4.3% to ¥3,860.2 billion year-over-year, resulting in business profit(1) of ¥160.2 billion, a 196.3% increase from the previous fiscal […]