BUSINESSES in Central Visayas will continue to expand for the remainder of the year, according to the latest outlook of the National and Economic Development Authority (Neda) 7. This is because establishments have adjusted and have become adaptable to the ever-changing quarantine restrictions and varying threats brought about by the Covid-19 pandemic. Neda 7 said […]
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Yields on gov’t debt drop on BTr’s borrowing plan
YIELDS on government securities mostly dropped last week due to the Treasury’s borrowing program for December, which showed it plans to raise less funds from the local market. Debt yields, which move opposite to prices, went down by an average of 4.3 basis points (bps) week on week, based on the PHP Bloomberg Valuation (BVAL) […]
Economic reopening, holiday spending boost SM Prime shares
By Keren Concepcion G. Valmonte, Reporter SM Prime Holdings, Inc. was one of the most actively traded stocks last week, as investor sentiment was boosted by the country’s gradual economic reopening amid the upcoming holiday season. Data from the Philippine Stock Exchange (PSE) showed a total of 51,411,300 SM Prime shares worth P1.68 billion were […]
BSP fully awards debt at auction
By Jenina P. Ibañez, Senior Reporter The Philippine central bank fully awarded short-term securities at an auction on Friday, as the average rate declined amid easing global oil prices. The Bangko Sentral ng Pilipinas (BSP) raised P100 billion as planned from its offer of 28-day bills that attracted P130.51 billion in tenders. Demand was higher than P110.25 billion last week. Accepted rates for the one-month debt ranged […]
NOW Corp. net income rises nearly 58%
LISTED NOW Corp. saw its third-quarter attributable net income climb 57.7% to P7.05 million from P4.47 million in the same period last year, helped by an increase in non-operating income. In a stock exchange filing on Tuesday, NOW Corp. said its total revenues — from services and sales — for the quarter declined 0.11% to […]
Roxas and Co. swings to P22.5-M profit
ROXAS and Co., Inc. (RCI) reported a net income attributable to the parent equity holder of P22.54 million in the third quarter of 2021, a turnaround from its P841.05-million loss in the same quarter last year. For the nine-month period, the company reported an attributable net loss of P54.64 million, down by 95% from its […]
Investors scoop up Monde Nissin shares on MSCI inclusion, better Q3 earnings
By Keren Concepcion G. Valmonte, Reporter MONDE Nissin Corp. ended last week as the most actively traded stock after investor sentiment was spurred by improvements in its recent earnings report and its inclusion in the latest Morgan Stanley Capital International’s (MSCI) index rebalancing. Data from the Philippine Stock Exchange (PSE) showed a total of 219.28 […]
LT Group books P6B profit in 3rd quarter
LT Group, Inc. (LTG) saw its third quarter attributable net income improve by 2.3% to P6.22 billion year-on-year, despite a dip in revenues. In a regulatory filing on Friday, the conglomerate owned by tycoon Lucio Tan reported its gross revenues went down to P22.8 billion from P22.85 billion a year ago. For the first nine […]
Constantino leads ICTSI Aoki Classic
HARMIE Constantino vaulted past amateur Mafy Singson, shooting a 70 to come back from four down and take a two-stroke lead after 36 holes of the ICTSI Aoki Classic at Eagle Ridge in Gen. Trias, Cavite. Constantino recovered from a shaky first round that saw her fire a 37, thanks to three birdies in the […]
Lenders drive higher consumer spending in India with easy credit
SOME OF India’s top lenders and shadow finance companies are helping fuel demand among consumers wanting to splurge on everything from clothes to two-wheelers and homes, offering hopes of a consumption-driven recovery in Asia’s third-largest economy. Businesses are expecting sales during Diwali — the Hindu festival of lights — will pick up to levels seen […]
PSEi gains 1.5% in Oct. on gradual reopening
THE stock market performed slightly better in October than in September with the decline of coronavirus disease 2019 (COVID-19) reproduction rates and reopening of the economy. The 30-member Philippine Stock Exchange index (PSEi) dropped by 103.03 points or 1.43% to close at 7,054.70 on Friday, while the broader all shares index lost 34.06 points or […]
Labor groups urge Robredo to include Matula in senatorial slate
SEVERAL labor groups supporting Vice President Maria Leonor “Leni” G. Robredo’s presidential bid next year urged her to give labor leader Jose Sonny G. Matula the last spot in her senatorial slate. “Being in the opposition is not enough if a candidate is not willing to fight for the people’s agenda,” Center of United and Progressive Workers Deputy Secretary General Joanna Bernice S. Coronacion […]
Consumers less pessimistic in Q3 — BSP
Consumers were less pessimistic in the third quarter as more jobs opened up, but business sentiment turned sour amid a fresh surge in coronavirus infections, according to the Philippine central bank. The consumer confidence index improved to -19.3% from -30.9% in the second quarter, the Bangko Sentral ng Pilipinas said on Friday. On the other […]
EdLab now 80% recovered from stroke, says son
CEBU City Mayor Edgardo Labella is now 80 percent recovered after he suffered a mild stroke a few months ago. Labella’s namesake eldest son, Edgardo II or Jaypee, confirmed the mayor’s state of health when he was confronted by reporters about it. Jaypee also clarified that the mild stroke that hit his father occurred in […]
BSP raises P110B at auction
The Philippine central bank fully awarded the short-term debt it offered on Friday as rates dipped after last-minute changes to the country’s lockdown status. The Bangko Sentral ng Pilipinas (BSP) raised P110 billion from 28-day bills, as total bids reached P137.82 billion. The auction was 1.25 times oversubscribed, but the demand fell from P148.05 billion at the auction last week. Yields sought for the securities ranged from 1.7% to 1.742%, wider than 1.713%-1.728% last week. […]
ARTA presses ERC to act on petition to nullify FiT hike
THE Anti-Red Tape Authority (ARTA) issued notice to the Energy Regulatory Commission (ERC) of an eight-months-delayed Laban Konsyumer, Inc. (LKI) petition to nullify feed-in tariff (FiT) increases. The LKI petition sought the withdrawal of an ERC resolution last year clearing the way for an increase in the FiT, a fixed payment to renewable energy developers […]
Shougang Century Announces 2021 Interim Results
HONG KONG, Sep 2, 2021 – (ACN Newswire via SEAPRWire.com) – Shougang Concord Century Holdings Limited (“Shougang Century”, together with its subsidiaries, “the Group”; stock code: 0103.HK) is pleased to announce its unaudited interim results for the six months ended 30 June 2021 (“the Reporting Period”). During the Reporting Period, the Group recorded a revenue […]
Manny Pacquiao loses to Cuban Ugás by unanimous decision
By Michael Angelo S. Murillo, Senior Reporter FILIPINO boxing legend Manny “Pacman” Pacquiao fell short in his bid to reclaim the World Boxing Association (WBA) welterweight belt, losing to reigning champion Yordenis Ugás of Cuba by unanimous decision in their title fight at the T-Mobile Arena in Las Vegas on Sunday (Manila time). Not able […]
AllHome’s profit surges to P297M as activities resume
ALLHOME Corp. said in a statement that its net income after tax surged to P297 million in the second quarter after the government allowed the resumption of economic activities, resulting in its stores operating on shortened hours. The figure surged by nearly 54 times from its P5-million after-tax net income recorded in the same period […]
Duno faces Esperanza in Miami
ROMERO Duno makes his US return in a six-round bout against veteran club fighter Ramon Elizer Esperanza in the undercard of an M&R Promotions event on Aug. 20, 2021 at the Airport Hilton in Miami, Florida, USA. Duno’s last fight in the US was heart-breaking. He got knocked out by unbeaten Ryan Garcia via a […]