THE PHILIPPINE Ports Authority (PPA) said two petitions to increase port charges are currently awaiting a final decision, with some of its board members arguing that now is not the time to increase rates. “As far as I know, one that’s pending is the tariff increase for North Harbor filed by Manila North Harbor Port, […]
Tag: increase
Huisen Household Announces 2021 Interim Results
HONG KONG, Aug 31, 2021 – (ACN Newswire via SEAPRWire.com) – China’s major furniture product manufacturer Huisen Household International Group Ltd. (“Huisen Household” or “the Group”; stock code: 2127.HK) announced unaudited interim results for the period ended 30 June 2021 (“the Reporting Period”) today. During the Reporting Period, the Group’s revenue recorded a year-on-year increase […]
DaFa Properties Announces 2021 Interim Results
HONG KONG, Aug 24, 2021 – (ACN Newswire via SEAPRWire.com) – The board (the “Board”) of directors (the “Directors”) of DaFa Properties Group Limited (“DaFa Properties” or the “Company”, together with its subsidiaries, the “Group”; Stock Code: 6111.HK) is pleased to announce the unaudited interim results of the Group for the six months ended 30 […]
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, […]
Second-quarter palay output estimate upgraded to 4.24 million MT
PRODUCTION of palay, or unmilled rice, for the second quarter was estimated at 4.24 million metric tons (MT) by the Philippine Statistics Authority (PSA), up 0.3% from a previous estimate made in April. In a report, the PSA said its new estimate was based on the standing crop as of May 1. PSA said the […]
DOH 7: Region most likely to retain quarantine status
THE Department of Health (DOH) 7 remains confident that despite the rise in coronavirus disease 2019 (Covid-19) cases in Central Visayas, the community quarantine classification of the region, particularly Cebu City, will remain the same, as cases remain manageable and hospitals are not “overwhelmed” with Covid patients. “Our goal is to maintain our quarantine status. […]
CCCI: No to tax hike, new taxes
THE Cebu Chamber of Commerce and Industry (CCCI) has warned that raising taxes and imposing new taxes will only dampen business sentiment and eventually lead to loss of jobs. In a position paper signed by CCCI president Felix Taguiam dated June 14, 2021, and addressed to the Cebu Provincial Board, the chamber said the proposed […]
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$1,492.4 million, an increase of 65.3% from the previous financial […]
MCWD guarantee: No water rate hike before 2024
THERE will be no increase in water rates until consumers really feel the abundance of the water supplied to them by the Metropolitan Cebu Water District (MCWD). The assurance came from MCWD as it begins to enter into water desalination projects with private companies. “Considering that desalination is expensive, that will have an effect on […]
Joy Spreader’s First Quarterly Results: Video E-commerce Business Soars 143.58%
HONG KONG, May 10, 2021 – (ACN Newswire via SEAPRWire.com) – On May 10, 2021, Joy Spreader (6988.HK), a MarTech company listed in Hong Kong, released the business update of the first quarter of 2021. According to the announcement, in the first quarter, Joy Spreader achieved revenue of HK$ 248 million, representing an increase of […]
Top 10 recommendations outlined in Sulong forum 2021
INCREASING financial assistance to farmers, strengthening education’s focus on science and technology (S&T) and integrating government portals and services to make transactions easier amid the Covid-19 pandemic were among the Top 10 actionable recommendations submitted by the private sector at this year’s first virtual Sulong Pilipinas forum. The recommendations covered the areas of health, transportation, […]
Upgraded taxiway to bring more flights, passengers
AIRCRAFT landings and take-offs are expected to increase at the Mactan-Cebu International Airport (MCIA) when the upgraded taxiway is commissioned in June 2021. Mactan-Cebu International Airport Authority (MCIAA) officer-in-charge Glenn Napuli said the airport will be able to increase aircraft movements to 40 per hour from the current 35. Each landing or take-off is called […]
PH fixed broadband internet speed continues to surge in March
THE Philippines’ fixed broadband average download speed continued its surge for March 2021, according to the Ookla Speedtest Global Index report. The country registered 7.79 Mbps, or a 20.25 percent increase in speed from the recorded 38.46 Mbps in February, jumping to 46.25 Mbps for this month. “The Department of Information and Communications Technology (DICT) […]
NEDA sees hog industry surviving import competition
THE PROPOSED increase in pork imports is not expected to “kill” the hog industry, the National Economic and Development Authority (NEDA) said. Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said at a hearing of the Senate Committee of the Whole Thursday that the recommendation to increase the minimum access volume (MAV) quota to 404,000 […]
CDB Leasing Announces 2020 Annual Results
HONG KONG, Mar 31, 2021 – (ACN Newswire via SEAPRWire.com) – China Development Bank Financial Leasing Co., Ltd. (stock code: 1606.HK; “CDB Leasing” or “the Company”, together with its subsidiaries as “the Group”) announces its audited consolidated results for the year ended December 31, 2020 (the “Reporting Period”). Results HighlightFor the year ended December 31, […]
Senate to consider lower increase in deposit insurance
A SENATOR said lowering the increase in the maximum deposit insurance coverage proposed under measures amending the Philippine Deposit Insurance Corp.’s (PDIC) charter is an “option,” following concerns raised by banks on a possible rise in their premium payments. Senator Juan Edgardo M. Angara, vice chair of the Senate Committee on Banks, said the measures […]
DaFa Properties Announces 2020 Annual Results
HONG KONG, Mar 25, 2021 – (ACN Newswire via SEAPRWire.com) – The board (the “Board”) of directors (the “Directors”) of DaFa Properties Group Limited (“DaFa Properties” or the “Company”, together with its subsidiaries, the “Group”; Stock Code: 6111.HK) is pleased to announce the audited annual consolidated results for the Group for the year ended 31 […]
Zijin Mining Reports Annual Results for the Year Ended 31 December 2020
HONG KONG, Mar 22, 2021 – (ACN Newswire via SEAPRWire.com) – Zijin Mining Group Co., Ltd. (SSE:601899, SEHK:2899) is pleased to announce audited consolidated annual results for the Company and its subsidiaries (the “Group”) for the year ended 31 December 2020 (the “Period”). Group results for the period are summarized as follows: — Operating income […]
Rising fuel pump prices seen to stifle economy
AN INCREASE of more than P1 per liter in gasoline pump prices will greet motorists on Tuesday, Feb. 23, 2021, to “reflect movements in the international oil market.” Described by business leaders in Cebu as a setback to economic recovery from the effects of the coronavirus disease 2019 (Covid-19) pandemic, this latest increase is the […]
Anacle Achieves Record Profit Before Tax of 491% in 1H FY2020, Turnaround Driven by Increased Investment in Smart Tech by Singapore’s Public Sector
HONG KONG and SINGAPORE, Jan 29, 2021 – (ACN Newswire) – Anacle Systems Limited (“Anacle” or the “Company” and together with its subsidiaries, the “Group”; GEM of SEHK stock code: 8353), which is an IT company offering smart energy, asset and estate management solutions for companies, towns and cities in Asia, reports a record jump […]