THE return of face-to-face classes dampened demand for tablets in the Philippines in the third quarter, according to the International Data Corp. (IDC). “The Philippines tablet market declined 11.6% quarter on quarter in the third quarter, and was almost flat compared to last year,” the market intelligence company said in a report issued on Nov. […]
Tag: quarter
Foreign investments approved in 3rd quarter reached P13.05B
TOTAL foreign investments (FI) approved in the third quarter of 2022 has amounted to P13.05 billion, down by 24 percent from P16.82 billion reported in the same quarter in 2021. These investments were pledges from four Investment Promotion Agencies (IPAs), namely: Board of Investments, Clark Development Corp., Philippine Economic Zone Authority and Subic Bay Metropolitan […]
Society Pass Inc (Nasdaq: SOPA) Reports Breakout 9 Month 2022 and 3Q 2022 Financial Results
SINGAPORE, Nov 15, 2022 – (ACN Newswire via SEAPRWire.com) – Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), SEA’s leading data-driven loyalty, fintech and e-commerce ecosystem, today announces a filing of its 3Q 2022 Form 10-Q with the Securities and Exchange Commission. Please see filing here. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001817511/000160706222000677/sopa093022form10q.htm Summary Points:– Nine months 2022 unaudited revenues grew 2,870% year […]
Q3 GDP surprises with 7.6% growth
By Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINE ECONOMY expanded faster than expected pace in the third quarter, putting it on track to beat the government’s full-year target, but faces headwinds from soaring inflation and rising interest rates. Preliminary data from the Philippine Statistics Authority (PSA) showed the gross domestic product (GDP) grew by […]
Peso up on GDP revision, farm output
THE PESO continued to rise versus the greenback on Wednesday as data showed the Philippine economy expanded faster than initially reported in the second quarter and as agricultural output rose in the third quarter. The local unit closed at P57.99 per dollar on Wednesday, appreciating by 28.5 centavos from its Tuesday finish of P58.275. The […]
Metrobank net profit surges 77% in Q3
METROPOLITAN Bank & Trust Co. (Metrobank) saw its net profit surge by 77% in the third quarter on the back of its robust lending portfolio, better margins, healthy fee income and lower loan loss provisions. The bank booked an attributable net income of P7.849 billion in the third quarter, up from the P4.436 billion it […]
Snap’s slowing ad growth sends inflation fears through tech sector
Snap Inc. on Thursday forecast no revenue growth in the typically busy holiday quarter, sending a warning signal that rising inflation and the war in Ukraine could hurt other tech companies dependent on advertising revenue. Shares of Snap dropped 27% in after-hours trading. The owner of photo messaging app Snapchat is the first of the […]
Shares climb as market awaits firms’ Q3 results
PHILIPPINE STOCKS continued to post gains on Tuesday on bargain hunting ahead of third- quarter earnings season and with rate hike concerns already priced in. The benchmark Philippine Stock Exchange index (PSEi) went up by 158.31 points or 2.65% to close at 6,128.64 on Tuesday, while the broader all shares gained 54.88 points or 1.71% […]
Q1 building permit approval growth slows on rising costs
APPROVED building permit applications rose 1.8% year on year in the first quarter, slowing from the 9.2% posted in the fourth quarter and the 4.7% year-earlier rate. Preliminary data from the Philippine Statistics Authority indicated that first-quarter permit approvals totaled 37,270, with the building projects covered by the permits valued at P86.78 billion with a […]
Bill seeks VAT threshold indexed to inflation
A BILL filed by Senator Sherwin T. Gatchalian to amend the tax code will index the threshold for value-added tax (VAT) exempt taxpayers to inflation, adjustable every three years. Mr. Gatchalian, who chairs the Senate Ways and Means Committee, filed Senate Bill 1346, dated Sept. 27, which adjusts the tax administration rules via amendments to […]
Hiring intentions less favorable—survey says
FIRMS that look forward to hiring more people declined for the fourth quarter of the year, but the percentage of firms with expansion plans increases, according to the latest Business Expectation Survey (BES) released by the central bank.The employment outlook index declined to 22.7 percent for the fourth quarter from 25.4 percent in the second […]
Sri Lanka’s economy shrinks 8.4% amid fertilizer, fuel shortages
COLOMBO – Sri Lanka’s economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertilizer and fuel shortages during the nation’s most severe financial crisis in more than seven decades. An acute dollar shortage, caused by economic mismanagement and the impact […]
Prenetics Announces Second Quarter 2022 Financial Results and Raises Full Year Adjusted EBITDA Outlook
LONDON AND HONG KONG, Sep 9, 2022 – (ACN Newswire via SEAPRWire.com) – Prenetics Global Limited (NASDAQ: PRE) (“Prenetics” or the “Company”), a global leader in genomic and diagnostic testing, today announced its unaudited financial results for the second quarter ended June 30, 2022. — Revenue of US$51.7 million in the second quarter of 2022— […]
Genetec’s Quarterly Performance Jumps by 126%
BANGI, Malaysia, Aug 29, 2022 – (ACN Newswire via SEAPRWire.com) – Technology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad continued its performance momentum into the new financial year, recording a surge in profit after tax (PAT) of RM18.6 million representing a 126.8% jump compared to RM8.2 million registered for the […]
Kingsoft Announces 2022 Interim and Second Quarter Results
HONG KONG, Aug 23, 2022 – (ACN Newswire via SEAPRWire.com) – Kingsoft Corporation Limited (“Kingsoft” or the “Company”; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited 2022 interim results and its second quarter results for the period ended 30 June 2022. For the first half of 2022, […]
Phoenix reports P201-M net income
PHOENIX Petroleum Philippines, Inc. announced on Thursday a net income of P201 million in the second quarter, describing the gains as “its highest since the onset of the pandemic.” “We had a difficult start this year, but we’ve gained some traction, and are seeing favorable results from our strategies. Improved margins and our sustained prudence […]
PH economy grows 7.4% in Q2
THE Philippine economy continues its rebound trajectory, growing 7.4 percent in the second quarter, marking the fifth consecutive quarter of growth since the country went into recession at the height of the pandemic.This follows the revised 8.2 percent gross domestic product growth rate posted in the first quarter of the year.The country’s chief economist Arsenio […]
PH Q1 economic growth slightly lowered to 8.2%
THE Philippines’ first quarter economic growth rate was slightly lowered to 8.2 percent from the 8.3 percent gross domestic product (GDP) expansion announced earlier this year, the Philippine Statistics Authority said Monday.In a statement, the PSA said the preliminary distributor in the downward revision of the GDP were the adjustments in the real estate ownership […]
Analysts’ Q2 2022 GDP estimates
THE Philippine economy likely grew at a slower pace in the second quarter as surging inflation may have affected consumer spending. Read the full story.
Robinsons Retail’s net income surpass pre-pandemic levels in Q2
ROBINSONS Retail Holdings Inc. on Thursday said its net income reached P1.6 billion in the second quarter which is more than double the P724 million in the same comparable period.The total is also higher by 44.7 percent compared to the second quarter in 2019 or its pre-pandemic level, RRHI told the stock exchange.The Gokongwei-led firm […]