Baldonado beats Mananquil

RONNIE Baldonado ended his losing slump after beating former regional champion Ben Mananquil by unanimous decision to win the Philippine Games and Amusements Board bantamweight strap in the main event of UKC Revolution 2023 on Jan. 30 at The Flash Grand Ballroom of the Elorde Sports Complex. Baldonado dropped Mananquil with a counter right in […]

Ogier claims ninth Monte win in TOYOTA GAZOO Racing one-two

TOKYO, Jan 23, 2023 – (JCN Newswire via – TOYOTA GAZOO Racing World Rally Team has started the 2023 FIA World Rally Championship with a one-two finish on Rallye Monte-Carlo as Sebastien Ogier claimed a record ninth victory on the legendary event ahead of team-mate Kalle Rovanpera. Car 17 (Sebastien Ogier, Vincent Landais) Mostly […]

Japan to support construction of second Samar-Leyte bridge

By Arjay L. Balinbin, Senior Reporter THE GOVERNMENT has obtained a commitment from Japan to support the construction of a second bridge linking Samar and Leyte, according to the Department of Public Works and Highways (DPWH). The Japan International Cooperation Agency (JICA) committed its support for the project at the most recent high-level meeting between the […]

Kitchen Culture Says Purported Notice to Call Second Attempted EGM on 25 November 2022 to Remove 5 Directors By Electronic Means Is Invalid; Urges Shareholders Not To Attend

SINGAPORE, Nov 18, 2022 – (ACN Newswire via – Kitchen Culture Holdings Ltd. (“Kitchen Culture” or the “Company”) said today that a second attempt to convene an Extraordinary General Meeting (“Second Intended EGM”) to remove 5 of 6 directors next week is defective and invalid for non-compliance with the Companies Act 1967 and the […]

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 […]

Kitchen Culture Seeking Legal Advice on Validity of New Purported Notice to Remove 5 Directors; Urges Shareholders Not to Accept Notices or Proxy Forms Unquestioningly

SINGAPORE, Nov 3, 2022 – (ACN Newswire via – Kitchen Culture Holdings Ltd. (“Kitchen Culture” or the “Company”) said today it will seek fresh legal advice on the validity of a letter from a law firm and fresh notice received by a group of 8 shareholders (“requisitioners”) seeking to remove 5 of 6 directors […]

Chicken production up 6.9% year on year in second quarter

CHICKEN production in the second quarter rose 6.9% year on year to 463.12 thousand metric tons (MT), according to the Philippine Statistics Authority (PSA). Central Luzon was the top producer of chicken during the quarter, accounting for 157.90 thousand MT or 34.1% of the national total. Calabarzon produced 86.19 thousand MT, Northern Mindanao 40.53 thousand […]

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 […]

Editorial: Dictator he was

The amended 1935 Constitution was the highest law in the Philippines when Ferdinand Marcos Sr. won the presidency in 1965. The Commonwealth-era basic law mandates a presidential term of four years but not more than eight consecutive years.Marcos sought a second term in 1969, and he got reelected. He was the first and last president […]

Erediano nabs podium spot in SEATA

CEBUANA triathlete Moira Frances Erediano made her presence felt Sunday, Sept. 18, 2022, at the Southeast Asian Triathlon Association (Seata) Race in Desaru, Malaysia.The 17-year-old nabbed second place in the female Seata elite junior after clocking in 1 hour, 14 minutes and 1 second in the 750-meter swim, 20K bike and 5K run.Erediano was 30 […]

AFP modernization delayed 

THE SECOND phase of the Armed Forces of the Philippines’ (AFP) modernization program might have to be extended for lack of budget, a congressman said on Thursday.  “If the fund is not increased, there might be a need to extend the law on the revised AFP modernization program,” Oriental Mindoro Rep. Arnan C. Panaligan said […]

Yeahka Announces 2022 Interim Results

HONG KONG, Aug 30, 2022 – (ACN Newswire via – Yeahka Limited (“Yeahka” or the “Company”, Stock Code: 9923), a leading payment-based technology platform in China, is pleased to announce the interim results for the six months ended 30 June 2022 (the “period” or “1H 2022”). Financial Highlights— During the period, the Company’s total […]

Peso flat ahead of second US GDP estimate

THE PESO inched higher against the dollar on Thursday as market players await the release of a new estimate for the United States’ second-quarter economic performance. The local unit closed at P56.06 per dollar on Thursday, gaining a centavo from its P56.07 finish on Tuesday, based on data from the Bankers Association of the Philippines. […]

Another double podium for TOYOTA GAZOO Racing

TOKYO, Aug 22, 2022 – (JCN Newswire via – The TOYOTA GAZOO Racing World Rally Team has scored another double podium finish at Ypres Rally Belgium as Elfyn Evans finished just five seconds away from victory in second position with Esapekka Lappi in third. In their second time hosting a round of the FIA […]

Jollibee net earnings up nearly threefold to P2.8B

JOLLIBEE Foods Corp. (JFC) recorded a surge in its attributable net income to P2.79 billion in the second quarter, almost triple last year’s P976.71 million, after booking “record-high” system-wide sales, it said on Thursday. “We are pleased with our strong top line growth led by our Philippine business which delivered better-than-expected sales for the second […]

Cebu Air net loss down to P1.89B as revenues jump

CEBU Air, Inc., the listed operator of budget carrier Cebu Pacific, announced on Thursday that it narrowed its net loss for the second quarter of the year to P1.89 billion from a loss of P6.49 billion previously. The company saw its revenues for the period jump 336.6% to P13.97 billion from P3.2 billion in the […]

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 […]