CEBU Landmasters, Inc. (CLI) is on track to meet its 20% net income growth target this year, after recording strong earnings in the first quarter. “We’re optimistic we can meet this target and with grace and luck, we can outperform it,” CLI Chief Finance Officer Beauregard Grant L. Cheng said in an investors’ and analysts’ […]
Tag: quarter
CLI to pour P8B in fresh capital for Cebu projects
PROPERTY developer Cebu Landmasters Inc. (CLI) is pouring in an estimated P8 billion in fresh investments for Cebu this year.During the first quarter investors’ and analysts’ briefing on Monday, May 16, 2022, Jose Franco Soberano, the company’s executive vice president and chief operating officer, said this new investment will finance three projects in Cebu—a P2 […]
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 […]
Showa Denko Announces 2022 First Quarter Financial Results
TOKYO, May 11, 2022 – (ACN Newswire via SEAPRWire.com) – Showa Denko K.K. (SDK; TSE:4004) today announced its 2022 first quarter financial results. – 2022 First Quarter Consolidated Financial Statements and summaryhttps://www.sdk.co.jp/assets/files/english/ir/library/fss2022-1q.pdf The Company also issued the following supporting release: – 2022 First Quarter Financial Results: Presentation Materialhttps://www.sdk.co.jp/assets/files/english/ir/library/pdf_presentation/results2022-1q.pdf About Showa Denko K.K. Showa Denko K.K. […]
Agriculture output in Q1 seen flat following typhoon damage, ASF
AGRICULTURAL PRODUCTION in the first quarter of the year is estimated to have been little changed due to typhoon damage and the continuing impact of the African Swine Fever (ASF) outbreak, analysts said. Pampanga State Agricultural University professor Roy S. Kempis said “not much” is expected from the agriculture industry in the first quarter. “Flat […]
IMI incurs $2-million net loss amid supply chain delays
INTEGRATED Micro-Electronics, Inc. (IMI) on Wednesday reported a net loss of $2 million in the first quarter of 2022 due to supply chain disruptions. “As the entire industry has been dealing with the global component shortage for more than a year, IMI teams across the globe continue to embody the resilience and determination that has […]
Condo rental rates in CBDs still lower than pre-pandemic level
RENTAL RATES for condominiums in the main central business districts are still lower than pre-pandemic levels. — PHILIPPINE STAR/ MICHAEL VARCAS IF you’re looking for a condominium unit to rent, now may be a good time to consider those in key central business districts (CBDs) in Metro Manila. In an April 28 report, Colliers Philippines […]
Apple sees bigger supply problems after strong start to year
OAKLAND, Calif. — Apple Inc. on Thursday forecast bigger problems as coronavirus disease 2019 (COVID-19) lockdowns snarl production and demand in China, the war in Ukraine dents sales and growth slows in services, which the iPhone maker sees as its engine for expansion. Shares were down 2.2% in late trade after executives laid out their […]
US economy shrinks in first quarter; trade, inventories mask underlying strength
WASHINGTON — The US economy unexpectedly contracted in the first quarter amid a resurgence in coronavirus disease 2019 (COVID-19) cases and a drop in pandemic relief money from the government, but the decline in output is misleading as domestic demand remained strong. The first decrease in gross domestic product since the short and sharp pandemic […]
Demand for condominiums in CBDs bounces back
BUILDINGS at the Makati central business district are seen in this file photo. — PHILIPPINE STAR/ MIGUEL DE GUZMAN DEMAND for condominiums and commercial properties in central business districts (CBDs) around the country have surged after the government and many companies implemented return-to-office orders, according to online real estate marketplace platform Lamudi. In a statement, […]
Palace adviser expresses support for more on-site work
A PRESIDENTIAL adviser has expressed his support for more work on-premises, saying that a return to the workplace will help drive the economic recovery. Presidential Adviser for Entrepreneurship Jose Ma. A. Concepcion III said in a Laging Handa briefing Friday that a return to the office will support many supporting businesses that depend on […]
Hektar REIT 2021 Performance: Weathering the Challenges
– Achieved Revenue of RM96.6 million & Net Property Income of RM47 million– DPU of 2.53 sen, up 181%– Signs of recovery weighed by Omicron surge– Stepping up on sustainability measures & 3-star ESG rating by FTSE Russell KUALA LUMPUR, Feb 25, 2022 – (ACN Newswire) – Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment […]
Editorial: Reason for optimism
Good news is the Philippine economy’s 7.7 percent growth in the fourth quarter of 2021. This last quarter growth expanded the country’s gross domestic product (GDP) for the whole o…
Genetec Delivers Its Best Quarter to Date
BANGI, Malaysia, Jan 26, 2022 – (ACN Newswire via SEAPRWire.com) – Technology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad announced their best financial quarter to date for their third quarter ended 31 December 2021 (Q3FY2022). The Company recorded a 2,350% growth on their quarter on quarter (QoQ) profit after tax […]
HMOs post sharp decline in third-quarter profits
HEALTH MAINTENANCE organization (HMO) profits declined in the third quarter after a surge in claims outweighed revenue growth, according to the Insurance Commission. The HMO industry posted a 40.87% decline in overall net profit to P4 billion in the third quarter. “This substantial decrease in the total net income is driven by the 11.95% increase […]
Agri trade rises to $5.93B in Q3
THE country’s total agricultural trade in the third quarter of 2021, which reached US$5.93 billion, increased at an annual rate of 14.8 percent.In the second quarter of 2021, total…
External debt at end of Sept. up 4.7% quarter on quarter
EXTERNAL DEBT held by the Philippines rose 4.7% from a quarter earlier at the end of September, with the government continuing to borrow to fund its pandemic mitigation measures. According to preliminary data released by the Bangko Sentral ng Pilipinas (BSP) late Friday, external debt was $105.929 billion at the end of the third quarter, […]
Neda7 forecasts increased economic activities in near term
BUSINESSES in Central Visayas will continue to expand for the remainder of the year, according to the latest outlook of the National and Economic Development Authority (Neda) 7. This is because establishments have adjusted and have become adaptable to the ever-changing quarantine restrictions and varying threats brought about by the Covid-19 pandemic. Neda 7 said […]
Curry bounces back, Warriors end Suns’ 18-game streak 118-96
WARRIORS coach Steve Kerr spent a good chunk of his postgame press conference reiterating his belief that the Suns are the best team in the West. Funny, because Phoenix coach Monty Williams said pretty much the same thing about Golden State. With the two top teams in the NBA splitting a pair of games this […]
Domestic goods trade declines by value in Q3
THE VALUE of domestically traded goods fell nearly 15% in the third quarter, the Philippine Statistics Authority (PSA) said Wednesday. Preliminary results from the PSA report on “Commodity Flow in the Philippines” indicate that the value of goods traded during the three months to September fell 14.9% year on year to P142.33 billion. By volume, […]