THE PHILIPPINE banking industry saw its net profits jump by 37.5% in 2022, thanks to higher interest income and trading gains, according to central bank data. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed banks’ cumulative net income rose by a third to P309.003 billion last year from P224.752 billion in 2021. […]
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Farmers group slams Marcos’ importation plan
A FARMERS group denounced the government’s importation plan for agricultural goods, saying the entry of onions, rice, and sugar from other countries to increase supply has not been effective in bringing down prices. “Importation is a solution for the lazy,” the Kilusang Mambubukid ng Pilipinas (KMP) said in Filipino in a statement on Monday as […]
PSE index inches up as investors wait for leads
THE MAIN INDEX closed nearly flat on Monday after oil prices dropped on Friday and as investors look for catalysts ahead of central bank meetings this week. The 30-member Philippine Stock Exchange index (PSEi) inched up by 5.08 points or 0.07% to close at 6,585.20 on Monday, while the broader all shares index lost 0.41 […]
Santisima eyes 2nd straight win in Japan
TWO-TIME world title challenger Jeo Santisima is back in Japan gunning for his second straight win in the “Land of the Rising Sun.” Santisima trades leathers with Toshiki Shimomachi in a 10-rounder on Sunday, Dec. 11, 2022 at the Edion Arena in Osaka. The 26-year-old Santisima is coming off a fifth-round technical knockout of Hiroshige […]
UP Fighting Maroons fend off NU Bulldogs to book return ticket to UAAP Finals
The University of the Philippines (UP) Fighting Maroons hung tight in the endgame and pulled off all the stops to take down the resilient National University (NU) Bulldogs, 69-61, on Wednesday and make their way to the UAAP Season 85 Finals at the Smart Araneta Coliseum. NU pressed hard and grabbed a 61-58 lead behind […]
Yew Lee Posts RM6.1 Million Revenue in 3Q
KUALA LUMPUR, Nov 30, 2022 – (ACN Newswire via SEAPRWire.com) – Yew Lee Pacific Group Berhad, a manufacturer of industrial brushes as well as trading of industrial hardware and machinery parts, today announced that the Group recorded revenue of RM6.10 million for the third quarter ended 30 September 2022 (3Q FY2022). Managing Director of Yew […]
Stocks inch higher as net foreign buying rises
PHILIPPINE SHARES inched higher on Tuesday on net foreign buying as investors continued to look for catalysts. The Philippine Stock Exchange index (PSEi) climbed by 26.41 points or 0.41% to end at 6,429.65 on Tuesday, while the broader all shares index rose by 4.19 points or 0.12% to 3,390.15. Regina Capital Development Corp. Head of […]
Bay Area target top 2 and twice-to-beat edge in playoffs
Games Wednesday (PhilSports Arena) 3 p.m. — Bay Area vs TNT 5:45 p.m. — Terrafirma vs San Miguel BAY Area is out to secure a coveted Top 2 seeding and twice-to-beat advantage in the playoffs while TNT, with a new import in tow, is fighting for dear life. With clear intentions, the pacesetting Dragons (9-2) […]
Spectacular failure
Video Game Review Saints Row 2022 Sony PlayStation 5 Digimon Survive PS4/Personal Computer via Steam The Origin: Blind Maid PS4 FOR gamers steeped in action-adventure titles, their bias for the Saint’s Row Franchise runs deep. While the first Saints Row release was nothing memorable, it was Saints Row 2 that convinced them of the series’ […]
Ordonio upsets Al Naqbi; Palcar loses to former world champ
JOHN Lawrence Ordonio scored a huge upset against previously unbeaten prospect Majid Al Naqbi, while Jerald Palcar fell short against former Olympian and ex-world champion Khalid Yafai on Sunday (PH time), Nov. 6, 2022, at the Etihad Arena in Abu Dhabi, United Arab Emirates. Ordonio came into the fight with back-to-back losses and was there […]
TNT Tropang Giga top seed in PBA 3×3 Grand Finals
WITH three leg wins under its belt, TNT clinched the top seeding coming into the PBA 3×3 Season 2 First Conference Grand Finals on Sunday at Robinsons Novaliches. The Tropang Giga, rulers of the first, fifth and sixth stops, amassed a league-best 510 tour points after the six-leg hostilities to lead the 10 qualifiers to […]
Prospects Sampan, Santisima, Cañete featured in Gen. Santos show
PROMISING unbeaten prospects Ian Sampan, Alex Santisima Jr. and Benny Cañete will be showcased in the undercard of the World Boxing Organization (WBO) Oriental and World Boxing Council (WBC) Asia Continental bantamweight championship bout between former interim world champion Reymart Gaballo and Ricardo Sueno on Oct. 29 at the Lagao Gym in General Santos City. […]
Recession by late 2023 tops list of PHL economic worries
MORE than two-thirds of Filipinos surveyed are expecting a recession by the end of 2023, according to a study conducted by TransUnion, a consumer credit reporting agency. “Consumers were anticipating a potential recession in the near future. 76% of respondents agreed the economy is either already in a recession or will enter a recession at […]
Vicelles, Suganob fight in IBF title eliminator
THE International Boxing Federation (IBF) has ordered Mark Vicelles and Regie Suganob to compete for the mandatory challenger spot for the light flyweight belt in a world title eliminator. According to Omega Boxing Gym head coach Jinggoy Junco the fight is currently on a purse bid on who’ll promote the fight here in the Philippines. […]
New normal gives rise to insurance products
FILIPINOS’ positive experiences with online transactions have led to the increase in the purchases of insurance and investment products, a recent study of an insurance firm showed. The new study, “The Modern Filipino Family: Exploring family dynamics and digitalization in the new normal,” by Manulife Philippines showed that most Filipinos recognize the convenience (45 percent), […]
Indonesia Market Poised for Big Growth in Streaming
JAKARTA, Oct 11, 2022 – (ACN Newswire via SEAPRWire.com) – For the first time in three years the Asia Video Industry Association (AVIA) returned to Jakarta to host Indonesia in View 2022, an event that welcomed some of the industry’s biggest players for a day of discussions dissecting the opportunities for growth in this expansive […]
Ancajas vs. Martinez for the IBF belt on Oct. 9
JERWIN Ancajas attempts to regain the International Boxing Federation (IBF) super flyweight belt from current titleholder Fernando Martinez in a rematch today, Oct. 9 at the Dignity Health Sports Park in Carson, California. Ancajas lost his IBF super flyweight strap to Martinez via unanimous decision in Las Vegas. Martinez overwhelmed Ancajas with his aggressiveness and […]
Shares rebound as investors pick up bargains
PHILIPPINE STOCKS closed higher on Monday on bargain hunting following their decline last week, with investors also betting on further monetary tightening to arrest rising inflation. The benchmark Philippine Stock Exchange index (PSEi) went up 42.08 points or 0.73% to close at 5,783.15 on Monday, while the broader all shares gained 6.23 points or 0.2% […]
Pinoy fighters lose in Japan
CRIS Ganoza, Jon Jon Estrada and Roland Jay Biendima are the latest Filipino warriors to fall in Japan.Ganoza suffered his second straight defeat in Japan, suffering a second round knockout in the hands of unbeaten prospect Goki Kobayashi at the Sambo Hall in Kobe.Kobayashi stopped Ganoza at the 2:41 mark.Ganoza couldn’t find his groove on […]
San Beda Lions outlast San Sebastian Stags, 78-71, for a 2-2 slate in Season 98
Games Tomorrow (Filoil EcoOil Centre) 12 noon — CSB vs Letran 3 p.m. — UPHSD vs Mapua JAMES Kwekuteye showed the other facet of his game as he help lift San Beda to a 78-71 victory over a coach Egay Macaraya-less San Sebastian yesterday to swim out of murky waters in the 98th NCAA basketball […]