THE microfinance arm of Ayala-led Bank of the Philippine Islands (BPI) aims to grant more loans to self-employed micro and small business owners as its way of helping them fully recover from the Covid-19 pandemic. Some P9 billion worth of loans were released to the micro, small and medium enterprises (MSMEs) last year, marking 2021 […]
Tag: last
Quijano: NBA 2022-23 season favorites
The 2022-23 NBA Season is almost upon us with the pre-season games starting this week.Who is favored to win this year? Here are our picks:Golden State Warriors. The defending champions certainly deserve our respect and they have totally earned the gravitas. They bucked the loss of two time Finals MVP Kevin Durant in 2019 and […]
Gov’t securities may fetch higher rates after policy hikes
RATES of government securities (GS) on offer this week could rise amid continued monetary policy hikes from central banks in the past week and a weakened peso. The Bureau of the Treasury (BTr) will offer P15 billion in Treasury bills (T-bills) on Monday, made up of P5 billion each in 91-, 182-, and 364-day debt […]
Neptune and rings shine in photos from new space telescope
NEPTUNE and its rings haven’t looked this good in decades.Nasa released new glamour shots of our solar system’s outermost planet Wednesday taken by the James Webb Space Telescope. The pictures taken in July show not only Neptune’s thin rings, but its faint dust bands, never before observed in the infrared, as well as seven of […]
TOYOTA GAZOO Racing going for gold in Greece
TOKYO, Sep 2, 2022 – (JCN Newswire via SEAPRWire.com) – The TOYOTA GAZOO Racing World Rally Team aims to return to the top step of the podium on the legendary Acropolis Rally in Greece on September 8-11, round 10 of the 2022 FIA World Rally Championship. 2022 GR YARIS Rally1 HYBRID Map Acropolis Rally Greece […]
PHL corporate bond issuance may hit $7B in 2022
Philippine companies are seen raising a record P400 billion ($7.14 billion) through bond issuances this year to fund expansion plans and retire debts, the country’s bond market operator said on Friday. Year-to-date, companies have raised P371 billion via bonds, with a robust pipeline in the coming months. Bond listings on the Philippine Dealing & Exchange […]
Argao to build P17M market building
THE Municipality of Argao in southern Cebu will build a new public market building for P17 million.This comes after the Municipal Council, led by Vice Mayor Orvi Ortega, approved Resolution 113-2022 authorizing Mayor Allan Sesaldo to enter into a contract or agreement with San Narciso Builders Corp. to supply labor, materials and equipment for the […]
Vivant PRofit falls
CEBU-BASED Vivant Corp. said its second-quarter attributable profit dropped by 23.5 percent to P416.88 million in the second quarter from P544.67 million in the same period last year.Vivant said its revenues stood at P1.59 billion, down three percent compared with P1.64 billion in the same period last year, based on its quarterly report filed with […]
San Miguel Beer, Meralco meet for the last time for finals berth
GAME TONIGHT (Smart Araneta Coliseum) 6 p.m. – Meralco vs. San Miguel* *Series tied, 3-3 FRANCHISE breakthrough versus a shot at lost glory. These are the major driving forces in play as title-hungry Meralco and former kingpin San Miguel Beer (SMB) settle the score in their deadlocked PBA Philippine Cup semifinal series on Wednesday night […]
Zijin Mining Announces 2022 Interim Results: Achieved 89.95% Increase in Net Profit Attributable to Owners
HONG KONG, Aug 16, 2022 – (ACN Newswire via SEAPRWire.com) – Zijin Mining Group Co., Ltd. (2899.HK; 601899:SH; “Zijin Mining” or “The Company”) announced its interim results for the six months ended 30 June 2022 (“Reporting Period”). The Company realised RMB132.46 billion in operating income, up 20.57% year-on-year, while net profit attributable to owners surged […]
LT Group swings to profit, earns P8.9B
LT Group, Inc. (LTG) posted an attributable net income of P8.87 billion in the second quarter, reversing last year’s net loss of P2.76 billion, as its topline increased by 7.3% to P23.65 billion. In the first half, its net income attributable to parent firm equity holders rose to P15.4 billion, more than four times last […]
Yields on gov’t debt mixed on auction result, US data
YIELDS on government securities (GS) ended mixed last week after the Treasury made a full award of its offer of reissued 10-year T-bonds and as US inflation is seen to have peaked. Debt yields, which move opposite to prices, increased by 1.96 basis points (bps) on average week on week, based on PHP Bloomberg Valuation […]
Jollibee net earnings up nearly threefold to P2.8B
JOLLIBEE Foods Corp. (JFC) recorded a surge in its attributable net income to P2.79 billion in the second quarter, almost triple last year’s P976.71 million, after booking “record-high” system-wide sales, it said on Thursday. “We are pleased with our strong top line growth led by our Philippine business which delivered better-than-expected sales for the second […]
BankCom’s net income surges in Q2
BANK of Commerce’s (BankCom) net income more than doubled in the second quarter amid strong results across the lender’s core businesses, it said in a filing with the local bourse on Monday. BankCom’s net income for the April to June period was at P526.31 million, surging by 232.9% from the P158.03 million it posted in […]
Yields on gov’t debt drop on faster July inflation
YIELDS on government securities (GS) traded in the secondary market declined last week following the result of the 3.5-year bond auction and as July headline inflation hit a near four-year high. Bond yields, which move opposite to prices, fell by an average of 17.03 basis points (bps) week on week, according to the PHP Bloomberg […]
Metrobank’s net profit almost doubles in Q2
METROPOLITAN Bank & Trust Co. (Metrobank) saw its net profit surge by 94.5% in the second quarter on higher fee-based income, stable operational costs, and lower loan loss provisions. The bank booked an attributable net income of P7.6 billion in the second quarter, up from the P3.907 billion it posted in the same period last […]
Chemical Industries’ net loss narrows to P2M
CHEMICAL Industries of the Philippines, Inc. registered a net loss of P2 million in the second quarter, seven times lower than the P14.71-million loss posted a year ago, on lower operating expenses. The company’s topline for the three months ending in June was at P633,113, almost three times lower than the last year’s P1.87 million […]
T-bill, bond rates to move sideways on Fed bets
RATES of government securities on offer this week may move sideways on expectations of a less hawkish US central bank amid recession fears, with longer tenors to attract most of the demand as investors seek higher returns. The Bureau of the Treasury (BTr) will offer P15 billion in Treasury bills (T-bills) on Monday, made up […]
Yields mixed on demand for long tenors, Fed hike
YIELDS on government securities (GS) were mixed last week on strong demand for longer tenors and US Federal Reserve’s continued policy tightening. GS yields, which move opposite to prices, at the secondary market fell by 10.12 basis points (bps) on average week on week, based on the PHP Bloomberg Valuation Service (BVAL) Reference Rates as […]
Peso may strengthen further vs dollar
THE PESO may appreciate versus the dollar this week as the Bangko Sentral ng Pilipinas (BSP) chief remained hawkish despite the US Federal Reserve’s dovishness, but expectations of faster Philippine inflation in July could dampen sentiment. The local unit closed at P55.13 per dollar on Friday, surging by 69 centavos from its P55.82 finish on […]