Consumers more upbeat; business sentiment falls

Consumer sentiment improved in the second quarter as more jobs were created, but businesses were less optimistic due to a surge in coronavirus infections and rising prices, according to the Philippine central bank.  The Bangko Sentral ng Pilipinas (BSP) confidence index (CI) fell by 30.9% in the quarter ended June, better than the 34.7% slump a quarter earlier, it said on Friday. The number of households with a grim outlook went down, but they still outnumbered those with an optimistic view.  Consumer confidence was also upbeat for the third quarter and the next 12 months, the central bank said. The confidence index reverted to positive 1.3% from a 2.2% […]

Philippine smartphone market grew by almost 27% in Q1, but seen slowing down

THE Philippines’ smartphone market grew by nearly 27% year on year, bringing in more than four million units in the first three months of the year, according to the International Data Corporation’s (IDC) Quarterly Mobile Phone Tracker. “This was despite a 35.3% decline compared to the previous quarter’s large shipments by vendors that took advantage […]

Leon Fuat Berhad Records Stellar Quarter due to Rising Global Demand, Profit Up 3,297%

SHAH ALAM, Malaysia, May 28, 2021 – (ACN Newswire via – Leon Fuat Berhad (“Leon Fuat”), a manufacturer and trader of steel products, specialising in rolled long and flat products, today announced that the Group recorded a 3,297.0% rise in profit after tax (“PAT”) to RM36.11 million for the quarter ended 31 March 2021 […]

Porsche global sales soar by 36% in Q1

PORSCHE’s worldwide deliveries in the first quarter of 2021 increased by 36% compared to the same period last year. It sold 71,986 sports cars, SUVs, and sedans in Q1 2021 versus 53,125 units delivered during Q1 2020. Significantly, the Taycan — the Stuttgart-headquartered sports car maker’s first all-electric model — moved almost as many units […]

Converge earnings whet investors’ appetite

By Lourdes O. Pilar, Researcher  INVESTORS took positions on Converge ICT Solutions, Inc. last week after the release of its first-quarter earnings report. A total of 47.16 million shares worth P924.87 million were traded from May 17 to 21, data from the Philippine Stock Exchange showed. This made the fiber internet service provider the seventh-most […]

Gov’t Q1 tax effort improves

The share of tax collections in the country’s economic output rose to a record first quarterl level of 14.41% in January to March, according to the Department of Finance (DoF), a sign of improved economic activity amid a coronavirus pandemic.  State tax revenue went up by 0.44 percentage point during the quarter from a year […]

Showa Denko Announces 2021 First Quarter Financial Results

TOKYO, May 13, 2021 – (JCN Newswire via – Showa Denko K.K. (SDK; TSE:4004) today announced its 2021 first quarter financial results. – 2021 First Quarter Consolidated Financial Statements and Summary About Showa Denko K.K. Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers […]

PLDT spends P20.7B capex in Q1

DESPITE Covid-19 mobility restrictions, PLDT and Smart have continued investing to expand the network, resulting in capital expenditure (capex) of P20.7 billion in the first quarter of 2021. Network upgrades made up the bulk of the capex spend, helping fortify the telco’s infrastructure and deliver consistently superior customer experience. The rollout of fiber, 5G and […]

Philippine home prices recover in Q4

Home prices rebounded in the past quarter, driven by faster increases in residential real estate outside Metro Manila as more families considered building houses outside the city during a coronavirus lockdown, according to the central bank. In a report released on Friday, the Bangko Sentral ng Pilipinas (BSP) said the Residential Real Estate Price Index […]