HANOI — Bolstered by its rousing opening-day win over Indonesia, the Philippine women’s basketball team faces a big test on Wednesday in the 31st Southeast Asian Games when it battles a Thai side seeking revenge at the Thanh Tri Gymnasium. The game is set at 9 a.m. (10 a.m. Philippine time), with coach Pat Aquino […]
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NU meets lowly FEU while UST square off with Adamson
UNBEATEN National U eyes to move closer to a first-round sweep while four trailing teams scramble to stay at second spot as the women’s volleyball tilt gets to enjoy a solo spotlight in the UAAP Season 84 starting today at the Mall of Asia Arena. Still unblemished in five starts, a win by the Lady […]
Phoenix suffers P463-M loss
PHOENIX Petroleum Philippines, Inc. last year incurred a net loss of P462.57 million attributable to parent firm equity holders as cost, expenses and other charges ballooned to offset the higher revenues generated during the period. In a regulatory filing on Monday, the Dennis A. Uy-led oil company reported revenues of P132.28 billion last year, or […]
Q1 GDP surpasses pre-pandemic level
PEOPLE cross Roxas Boulevard in Manila, May 1. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Abigail Marie P. Yraola, Researcher THE PHILIPPINE ECONOMY expanded by a better-than-expected 8.3% in the first quarter, surpassing the pre-pandemic output level as household spending surged amid the easing of coronavirus curbs. Preliminary data released by the Philippine Statistics Authority […]
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 […]
Abando, Letran survive Perpetual Help, 77-75, barge to NCAA finals
By Joey Villar RHENZ ABANDO provided the spark and Fran Yu put on the finishing touches as Letran survived an upset-conscious University of Perpetual Help, 77-75, yesterday to barge into the finals of the 97th NCAA basketball tournament at the Filoil Flying V Arena. Mr. Abando erupted for a game-high 24 points including 22 in […]
Albindo eyes more local bouts in MMA
PROMISING Cebuano mixed martial arts (MMA) fighter Allan Albindo had an impressive return to the cage with a second round rear-naked choke submission of Christian Paul Laurio in Philippine Encuentro Championship 7 last May 7, 2022, at the Catalan Fighting System Gym in Makati City.Albindo took down Laurio with a double-leg takedown. He controlled Laurio […]
Trade deficit widens in March
By Bernadette Therese M. Gadon, Researcher THE country’s trade-in-goods deficit widened to a three-month high in March as imports outpaced exports which could dampen the economic output in the first quarter. Preliminary data from the Philippine Statistics Authority (PSA) showed the value of merchandise exports grew by 5.9% to $7.171 billion in March, easing from […]
U-23 Azkals gun for 3 points against team of Timor-Leste
THE Philippine Under-23 (U-23) squad sets out to give the Filipino contingent in the 31st Southeast Asian Games (SEAG) in Vietnam a strong start as it plunges into early action against Timor-Leste on Friday in the men’s football kickoff. The U-23 Azkals gun for the full three points versus the Timorese in the 4 p.m. […]
US economy shrinks in first quarter; trade, inventories mask underlying strength
WASHINGTON — The US economy unexpectedly contracted in the first quarter amid a resurgence in coronavirus disease 2019 (COVID-19) cases and a drop in pandemic relief money from the government, but the decline in output is misleading as domestic demand remained strong. The first decrease in gross domestic product since the short and sharp pandemic […]
2021 trade deficit widest in 3 years
By Bernadette Therese M. Gadon, Researcher THE Philippines’ trade deficit further widened to a three-year high in 2021 as imports continued to outpace exports amid a coronavirus pandemic, latest data from the Philippine Statistics Authority (PSA) showed. Final results of the PSA’s international trade data showed the value of outbound shipment of goods jumped by […]
BPI AIA sees stronger growth as economy reopens
BPI AIA Life Assurance Corp. sees stronger growth this year as the economy continues to reopen and amid the government’s improved management of the pandemic. “We are very optimistic that the worst is over,” BPI AIA Chief Executive Officer Surendra Menon said. “Maybe fluctuations here and there, and we do not expect Alert [Level] 4 […]
CTS Global’s profit drops 57% to P20.1M
CTS GLOBAL Equity Group, Inc. on Tuesday reported that its net income fell by 57% to P20.1 million in 2021 from P46.9 million the previous year. The company’s annual report showed its revenues dropped by 24% to P130.6 million from P172.3 million in 2020. Meanwhile, operating expenses grew to P31.9 million last year from P30.8 […]
TOYOTA GAZOO Racing Back in Action on Challenging Croatian Roads
TOKYO, Apr 15, 2022 – (JCN Newswire via SEAPRWire.com) – The TOYOTA GAZOO Racing World Rally Team will aim to build upon its positive start to the FIA World Rally Championship’s new hybrid era when the 2022 season resumes for round three at the Croatia Rally on April 22-24. 2022 GR YARIS Rally1 The team […]
Philippine exports jump in February as global demand picks up
By Lourdes O. Pilar, Researcher The country’s trade-in-goods deficit narrowed in February as exports grew by its fastest pace in six months on stronger demand, while growth in imports slowed. February merchandise export receipts climbed 15% year on year to $6.159 billion, preliminary data from the Philippine Statistics Authority showed on Friday. It picked up […]
Gov’t partially awards fresh 3-year bonds
THE GOVERNMENT partially awarded the fresh Treasury bonds (T-bonds) it offered on Tuesday as investors asked for higher yields in anticipation of a central bank hike in the second half. The Bureau of the Treasury (BTr) raised just P25.791 billion via the fresh three-year T-bonds it auctioned off on Tuesday, less than the programmed P35 […]
Creamline battles sister team Choco Mucho in semifinals
By Joey Villar CIGNAL tries to sustain its magical run as it clashes with Petro Gazz even as sister teams Creamline and Choco Mucho collide on Friday at the start of the Premier Volleyball League (PVL) Open Conference semifinals at the Filoil Flying V Center in San Juan. Coming into the season as underdogs after […]
PBA Governors’ Cup semifinals series kicks off at MOA Arena
1 of 2 Magnolia Hotshots — PBA IMAGES Barangay Ginebra San Miguel — PBA IMAGES By Olmin Leyba TWO title-hungry teams are intent on staying on their paths to the Holy Grail. One is bent on reclaiming lost glory. Another is firm about keeping its winning tradition in the import-spiced conference. With these, the last […]
Neri: Newsbits
It was in March two years ago when our group of Lifestyle writers had a leisurely lunch with concert pianist/music advocate Ingrid Sala Santamaria hosted by Seda general manager Gwen Dela Cruz. A week later, the Covid lockdown was implemented and we lost touch with each other.Well, last March 16 (almost exactly two years later), […]
Australian unemployment drops to 4% in boost for rate hawks
AUSTRALIA’S jobless rate fell to a 13-1/2 year low as the economy added more jobs than expected last month, in a result that’s likely to embolden hawks who are predicting an interest-rate increase as early as June. Unemployment declined to 4% in February, the lowest level since August 2008, Australian Bureau of Statistics data showed on Thursday. […]