HONG KONG, Feb 14, 2023 – (ACN Newswire via SEAPRWire.com) – Earlier this month, Apple Inc. (AAPL) released earnings for first quarter that decreased from the same period last year and missed Wall Street expectations driven by a combination of a stronger US dollar, global economic malaise, and more strife at its China factories. The […]
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Apple reports 2023Q1 results, Cook says supply problems has resolved
HONG KONG, Feb 14, 2023 – (ACN Newswire via SEAPRWire.com) – Earlier this month, Apple Inc. (AAPL) released earnings for first quarter that decreased from the same period last year and missed Wall Street expectations driven by a combination of a stronger US dollar, global economic malaise, and more strife at its China factories. The […]
Globe sets 5% revenue growth, allots $1.3-B capex this year
GLOBE Telecom, Inc. aims to reach a middle-single-digit or around 5% revenue growth this year as it hopes the inflation rate will ease for the rest of the year. “We can see that the mobile business remains very very strong and I would say the only wrinkle would be the growing inflation numbers,” Globe President […]
The Last of Us shows it pays to take gaming seriously
By Gearoid Reidy TO MEASURE the place of video games in the pop-culture zeitgeist, consider that Gen Z is more familiar with Fortnite than Friends. The medium’s cultural reach is now at its peak, driven by the critical and commercial acclaim being heaped on the HBO TV hit The Last of Us. The show, which […]
EntertainmentNews (02/03/23)
1 of 3 YEO JIN GOO and Hong Huifang in Ajooma. —TBA STUDIOS REDIANCE BELLA RAMSEY and Pedro Pascal in The Last of Us. TBA Studios to distribute Korean drama Ajoomma THE lighthearted family drama Ajoomma will be released on March 15 by TBA Studios. Directed by Singaporean filmmaker He Shuming, the film is about […]
Robinsons Retail posts 26.7% increase in profit
ROBINSONS Retail Holdings, Inc. (RRHI) recorded a 26.7% increase in its attributable net income to P5.74 billion in 2022 from P4.53 billion the year prior. “The surge in profitability is underpinned by positive contributions from all business segments coming from category mix improvements and operating efficiencies,” the company said in a disclosure to the stock […]
TOYOTA GAZOO Racing in search of more Swedish snow success
Toyota City, Japan, Feb 3, 2023 – (JCN Newswire via SEAPRWire.com) – Sweden was the scene of TGR-WRT’s first victory in 2017 when Jari-Matti Latvala – now Team Principal – claimed a shock win in only the team’s second event. Since then the team has taken three further wins in the rally’s last three editions, […]
Philippine growth best since 1976
By Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINES weathered record inflation and interest rate increases last year by posting the fastest economic growth since 1976 — one of the strongest in Asia amid a dreary global outlook. Economic output grew by 7.2% in the three months through December from a year earlier, according to […]
‘Hot money’ flows turn net positive in 2022
FOREIGN portolio investment funds entering the Philippines outweighed those exiting in 2022, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, representing a turnaround from the net outflow posted in 2021. Foreign portfolio investments registered with the central bank through authorized agent banks (AABs) posted a net inflow balance of $886.7 million last year, against […]
PH foreign borrowings plunge to $10.3B in 2022
FOREIGN borrowings approved by the Bangko Sentral ng Pilipinas (BSP) dropped for the second straight year in 2022. The central bank disclosed that approved foreign borrowings plunged 21.4 percent to $10.32 billion last year from $13.14 billion in 2021. The decline was attributed to lower bond issuances, as well as the significant drop in program […]
PSEi to stay at 7,000 level ahead of GDP report
THE MAIN INDEX may move sideways this week and remain at the 7,000 level as investors await the release of full-year 2022 gross domestic product (GDP) data and corporate earnings. The 30-member Philippine Stock Exchange index (PSEi) went down by 5.39 points or 0.07% to close at 7,056.52 on Friday, while the broader all shares […]
Marcos claims PHL tagged as part of Asia’s ‘VIP Club’ in WEF
PRESIDENT Ferdinand R. Marcos, Jr. at the weekend touted that global business and political leaders have tagged the Philippines as part of a so-called “VIP Club” of Asia due to its economic performance, which the government hopes would translate to more foreign investments. The Philippines’ participation in the World Economic Forum (WEF) in Davos, Switzerland […]
Philippines to stem ‘recessionary forces’
PRESIDENT Ferdinand R. Marcos, Jr. on Wednesday said the Philippines would resist global recessionary headwinds, but warned that increasing tensions in the South China Sea were harming trade. In a speech at the World Economic Forum’s (WEF) annual meeting in Davos, Switzerland, the president said he was bullish about the country’s economic prospects. “My belief […]
PSEi to move sideways on profit taking, rate bets
LOCAL SHARES may drop to start this week as investors pocket gains from their recent rally, but lower consumer inflation in the United States, which could lead to slower tightening by the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP), may provide support. The bellwether Philippine Stock Exchange index (PSEi) went up by […]
Local stocks track Wall St. rally on Fed hike bets
SHARES went up on Monday, mirroring Wall Street’s climb, as investors were hopeful that improved US economic data could lead to slower tightening by the US Federal Reserve. The 30-member Philippine Stock Exchange index (PSEi) rose by 122.27 points or 1.83% to close at 6,790.24 on Monday, while the broader all shares index added 55.90 […]
Gin Kings, Dragons brace for pivotal Game Three today
Game Today (MOA Arena) 5:45 p.m. — Ginebra vs Bay Area *Series tied, 1-1 WITH the benefit of a week’s worth of sharpening their swords, deadlocked duelists Barangay Ginebra and Bay Area engage today in a pivotal fight for control in the PBA Commissioner’s Cup title series. The Gin Kings and the Dragons split the […]
Bargain hunting seen amid Fed, BSP rate bets
THE MARKET may see bargain hunting this week due to dampened investor sentiment and expectations of further interest rate hikes. On Friday, the benchmark Philippine Stock Exchange index (PSEi) fell by 70.30 points or 1.07% to end at 6,496.50 points, while the broader all shares index went down 30.76 points or 0.89% to close at […]
Peso drops as PPI data fuel Fed hike fears anew
THE PESO weakened against the dollar on Monday as investors anticipate more rate hikes from the US Federal Reserve due to mixed producer inflation data released last week and as the Bangko Sentral ng Pilipinas (BSP) sees a wider balance of payments (BoP) deficit this year. The local currency ended at P55.65 against the greenback […]
Gilas call-up could be in the works for Adamson’s Lastimosa, DLSU’s Winston
ADAMSON’S Jerom Lastimosa and La Salle’s (DLSU) Schonny Winston could be the next collegiate stars in line for a Gilas Pilipinas call-up soon. Head coach and program director Chot Reyes said inviting the two UAAP standouts is on the horizon, though his coaching staff has yet to reconvene and compile an official training pool for […]
D.M. Consunji’s order book down 8% as projects ease
D.M. CONSUNJI, Inc.’s (DMCI) order book declined by 8.1% to P45.3 billion for the past three quarters from P49.3 billion in the same period last year amid a slowdown in project bidding and contract awarding. In a press release on Thursday, its parent firm DMCI Holdings, Inc. said the “moderate” decrease was recorded for both […]