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 […]

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 […]

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 […]

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), […]