DITO Telecommunity Corp. announced on Tuesday that it now has three million subscribers nationwide. “[DITO] successfully hit the 3 million subscriber mark this morning,” the new telco player said in a statement. The company recently opened 14 areas for its commercial service. It plans to open five more areas on Sept. 24. DITO’s new areas […]
Tag: million
Peso rises after gov’t RDB sale, US CPI report
THE PESO strengthened versus the greenback on Wednesday after the government’s maiden sale of retail dollar bonds and softer US inflation in August. The local unit closed at P49.79 per dollar on Wednesday, appreciating by 12 centavos from its P49.91 finish on Tuesday, data from the Bankers Association of the Philippines showed. The peso opened […]
‘Vital reforms’ bring economic milestones to PH, Neda says
STRONG economic management, massive infrastructure buildup, as well as remarkable laws like the Philippine Identification System (PhilSys) or national ID program, Rice Tariffication Law (RTL), and the Ease of Doing Business Law. These are the five significant reforms cited by the National Economic and Development Authority (Neda) that helped the country attain its lowest poverty […]
Megaworld’s REIT firm bullish on expansion prospects, BPO growth
MREIT Inc., owned by billionaire Andrew Tan’s Megaworld, is planning to grow its office asset size to 1 million square meters within the next five to 10 years as it aims to be the country’s fastest growing REIT company with the longest expansion pipeline among listed REITs on the Philippine Stock Exchange. Next year, Megaworld […]
House approves VP budget
The House committee on appropriations has approved the Office of the Vice-President’s P713.41-million budget for next year. The panel approved the budget, which is 21% lower, without a hearing — consistent with the tradition of parliamentary courtesy to a co-equal government branch. Under the spending plan, P139.58 million will go to personnel services, P558.5 million […]
Leon Fuat Berhad Posts 1,110% Jump in Net Profit
Group records RM32.12 million in PAT supported by strong gross profit margin growth SHAH ALAM, Malaysia, Sept 9, 2021 – (ACN Newswire) – LEON FUAT BERHAD (“Leon Fuat” or the “Group”), a manufacturer and trader of steel products, specialising in rolled long and flat products, today announced that the Group registered a 1,110.1% growth in profit after tax (“PAT”) […]
Gov’t raises herd immunity target vs coronavirus
THE PHILIPPINES is raising its herd immunity target to protect Filipinos against a more contagious Delta coronavirus variant, according to the country’s vaccine czar. Herd immunity would be achieved if as much as 90% of the population is vaccinated against the coronavirus, vaccine czar Carlito G. Galvez, Jr. told ABS-CBN Teleradyo on Wednesday. “We may […]
Bit2Me Raises 5 Million Euros as Phase One of ICO Sells Out in Under 60 Seconds
MADRID, Sep 7, 2021 – (ACN Newswire via SEAPRWire.com) – Bit2Me has closed the first phase of its ICO (Initial Coin Offering) in just 59 seconds, raising a figure of 5 million euros. This is the most successful token issue ever launched in Spain. The second phase will start on September 13 and the third […]
CEKD Berhad Launches Prospectus to Raise RM24.28 Million from IPO
KUALA LUMPUR, Sep 6, 2021 – (ACN Newswire via SEAPRWire.com) – CEKD BERHAD (“CEKD” or the “Group”), a die-cutting solutions provider as well as manufacturer of die-cutting moulds and trader of related consumables, tools and accessories enroute to a listing on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities), is pleased to announce […]
Nissin Foods Announces 2021 Interim Results
HONG KONG, Aug 30, 2021 – (ACN Newswire via SEAPRWire.com) – Nissin Foods Company Limited (the “Company” or “Nissin Foods”, and together with its subsidiaries, the “Group”; Stock code: 1475) has today announced its interim results for the six months ended 30 June 2021 (“the reporting period”). The PRC operations continued to perform well during […]
Hektar REIT 2Q Revenue up 4.5%
KUALA LUMPUR, Aug 26, 2021 – (ACN Newswire via SEAPRWire.com) – Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (“Hektar REIT”), today announced the second quarter results ended 30 June 2021 (“2Q 2021”). Hektar REIT recorded revenue of RM25.71 million, which is 4.5% higher than the RM24.60 million recorded in […]
Invalidated textile-industry tax credits now valued at P1.58 billion
THE COMMISSION on Audit (CoA) rejected P1.58 billion worth of tax credits that had been granted to six textile companies by the One-Stop Shop Inter-Agency Tax Credit and Duty Drawback Center (OSS) between 2008 and 2014, the Department of Finance (DoF) said. The DoF said in a statement Wednesday that CoA issued notices of disallowances […]
Emperor W&J Announces 2021 Interim Results
HONG KONG, Aug 24, 2021 – (ACN Newswire via SEAPRWire.com) – Emperor Watch & Jewellery Limited (the “Group” or “Emperor W&J”) (Stock code: 887), a leading retailer of European-made watches and fine jewellery, announced its interims results for the six months ended 30 June 2021 (the “Period”). As pandemic containment has become broadly stable in […]
Casas: Executive department has nothing to hide
THE executive department of the Cebu City Government welcomes the “free from politics” investigation of the alleged garbage anomaly. The City Council passed a resolution on Thursday, Aug. 19, 2021, asking the Office of the Ombudsman-Visayas and the National Bureau of Investigation (NBI) 7 to investigate the alleged overcharging of a private contractor to haul […]
LANDBANK opens accounts for 47% of national ID applicants
LAND BANK of the Philippines (LANDBANK) opened 4.47 million accounts for applicants who registered to receive the national ID system as of the end of June, the equivalent of 47% of the ID registration total. The Department of Finance released the data on account openings in a statement Monday, citing a report from the bank. […]
HYPEBEAST LTD (0150.HK) Delivers Record Q1 Revenue, Up 58% YOY with Momentum Intact, Continues on Expansion Plans
HONG KONG, Aug 23, 2021 – (ACN Newswire via SEAPRWire.com) – The board of directors of Hypebeast Limited (0150.HK) has announced the Group’s unaudited key financial results for the three months ended 30 June 2021 (“FY2022 Q1”). FY2022 Q1 ended on a high note as the business achieved record results for first quarter revenue, gross […]
Quantum Solutions Co., Ltd. establishes joint venture with FOMM Company Limited
HONG KONG, Aug 23, 2021 – (ACN Newswire via SEAPRWire.com) – According to the announcement dated 12 July 2021 in respect of “Notice of Capital and Business Alliance with FOMM Limited”, Quantum Solutions (hereinafter referred to as the “Company”) has agreed to form a capital and business alliance (hereinafter referred to as the “Capital and […]
Gaming platform Zupee closes Series B at over $500 Million valuation
New Delhi, India, Aug 17, 2021 – (ACN Newswire via SEAPRWire.com) – Zupee, a leading innovator in India’s online skill-based gaming industry, has announced that it has raised $30 million at a pre-money valuation of $500 million in Series B funding round. This round of funding has been co-led by Silicon Valley based WestCap Group […]
Central Global Berhad Increases Production Capacity by 250% to Meet Fresh Demand
KUALA LUMPUR, Aug 16, 2021 – (ACN Newswire via SEAPRWire.com) – Central Global Berhad (“Central Global” or “Group”), a producer of industrial masking tapes and label stocks as well as general building contractor, is in the midst of finalizing the purchase of machinery that will triple the Group’s manufacturing arm’s capacity to produce industrial masking […]
SBS swings to P234-M income as sales rise
SBS Philippines Corp. posted a P234.3-million net income for the second quarter amid higher sales, turning around from a P20.8-million net loss in the prior quarter, it said in a market disclosure on Friday. Net sales during the quarter rose 31% to P228.3 million from P174.1 million quarter on quarter. However, SBS said its second-quarter […]