RETAIL price growth of construction materials in Metro Manila accelerated to its fastest pace in more than a decade, the Philippine Statistics Authority (PSA) reported on Friday. Preliminary data from the PSA showed that retail price growth of building materials in the National Capital Region (NCR) rose by 4.8% year on year in March, higher […]
Tag: year
Nomination Opens for “Directors Of The Year Awards 2022”
HONG KONG, Jun 22, 2022 – (ACN Newswire via SEAPRWire.com) – The “Directors Of The Year Awards 2022” organised by The Hong Kong Institute of Directors (“HKIoD”) is open for nomination now. Themed “From Resilience to Sustainability”, the Awards this year recognises directors and boards capable of leading their companies in adapting to changes and, […]
TOYOTA GAZOO Racing into Africa to defend Safari crown
TOKYO, Jun 17, 2022 – (JCN Newswire via SEAPRWire.com) – The TOYOTA GAZOO Racing World Rally Team heads to Safari Rally Kenya on June 23-26 with the goal of defending its crown on the iconic African event. 2022 GR YARIS Rally1 The Safari made a long-awaited comeback to the FIA World Rally Championship calendar in […]
BTr partially awards T-bill offer as rates rise on tightening bets
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday as investors wanted higher yields, with the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve expected to raise borrowing costs further this year due to rising inflation. The Bureau of the Treasury (BTr) raised just P14 billion via the T-bills it […]
Government bank opens P1-billion loan program for rural banks going digital
LAND BANK of the Philippines (LANDBANK) has launched a P1-billion lending program to digitalize the banking operations of countryside financial institutions in order to reach more unbanked Filipinos. This will be done through its Digitalization of Countryside Financial Institutions lending program, where the bank will finance digitalization projects, including paying for subscription or licensing fees […]
Term deposit yields climb on inflation, hawkish BSP
YIELDS on the term deposits offered by the Bangko Sentral ng Pilipinas (BSP) climbed on Wednesday following the release of data showing faster inflation and hawkish signals from the incoming central bank chief. Total bids for the central bank’s term deposit facility (TDF) reached P355.58 billion on Wednesday, above the P300-billion offer as well as […]
Smartphone shipments fall due to tight supply, weak demand
By Arjay L. Balinbin, Senior Reporter SMARTPHONE shipments in the Philippines registered a 7.1% decline in the first three months of the year, reflecting the impact of supply constraints and weak demand for mobile phones, the International Data Corp. (IDC) said. Citing its quarterly mobile phone tracker, the IDC said in an e-mailed statement on […]
Mazda Production and Sales Results for April 2022
HIROSHIMA, Japan, May 30, 2022 – (JCN Newswire via SEAPRWire.com) – Mazda Motor Corporation’s production and sales results for April 2022 are summarized below. I. Production 1. Domestic ProductionMazda’s domestic production volume in April 2022 decreased 52.6% year on year due to decreased production of passenger vehicles. [Domestic production of key models in April 2022]– […]
Study: Global pollution kills 9 million people a year
A NEW study blames pollution of all types for nine million deaths a year globally, with the death toll attributed to dirty air from cars, trucks and industry rising 55 percent since 2000.That increase is offset by fewer pollution deaths from primitive indoor stoves and water contaminated with human and animal waste, so overall pollution […]
High Court affirms canceled tax assessment on First Gas
THE Supreme Court (SC) has affirmed the cancellation of the tax assessment on First Gas Power Corp. for the calendar year 2000 worth P37 million, and tax liabilities for 2001 worth P82.4 million. In a ruling on Feb. 15 and made public on May 16, the High Court reiterated the Court of Tax Appeals (CTA) […]
Cebu FC loses to UCFC in 2022 Copa semis
CEBU FC’s dream of winning the Copa Paulino Alcantara title this year has ended after a close 1-0 loss to perennial contender United City FC (UCFC) in the semifinals on May 16, at the Philippine Football Federation (PFF) Training Center in Carmona, Cavite.It was a neck-and-neck battle the whole match with both teams refusing to […]
Vistar Holdings Hits Record High Annual Revenue Up by 32.8% Y-o-Y
HONG KONG, May 17, 2022 – (ACN Newswire via SEAPRWire.com) – Vistar Holdings Limited (the “Company” and together with its subsidiaries, the “Group”; Stock code: 8535.HK ), an established electrical and mechanical (“E&M”) engineering services provider in Hong Kong, has achieved outstanding results for the year ended 31 March 2022. Its revenue was approximately HK$405.17 […]
Phoenix suffers P463-M loss
PHOENIX Petroleum Philippines, Inc. last year incurred a net loss of P462.57 million attributable to parent firm equity holders as cost, expenses and other charges ballooned to offset the higher revenues generated during the period. In a regulatory filing on Monday, the Dennis A. Uy-led oil company reported revenues of P132.28 billion last year, or […]
Security Bank posts higher net income in the first quarter
SECURITY BANK Corp. recorded a higher net income in the first three months of the year, buoyed by lower loan loss buffers and an improvement in its core income. The bank’s net profit rose by 66% to P2.7 billion in the first quarter, it said in a filing with the local bourse on Monday. This […]
CLI bullish on growth after strong Q1 net income
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’ […]
Dollar’s strength pushes global economy deeper into slowdown
THE SOARING DOLLAR is propelling the global economy deeper into a synchronized slowdown by driving up borrowing costs and stoking financial-market volatility — and there’s little respite on the horizon. A closely watched gauge of the greenback has risen 7% since January to a two-year high as the Federal Reserve embarks on an aggressive series […]
First-quarter earnings lift PLDT shares higher
INVESTORS turned bullish on PLDT, Inc. last week after the release of its first-quarter earnings report, which was ahead of forecast for both net income and core profit, analysts said. Data from the Philippine Stock Exchange (PSE) showed a total of 888,690 PLDT shares worth P1.68 billion exchanged hands from May 10 to 13, making […]
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 […]
Online transactions via LANDBANK rise 22% in Q1
THE VALUE of online transactions done with Land Bank of the Philippines (LANDBANK) increased in the first quarter, driven by the rising demand for digital services. The state-run bank facilitated a total of 39.14 million transactions amounting to P567.61 billion in the first three months of the year, LANDBANK said in a statement on Tuesday. […]
SunStar media group bags 7 GMEA 2022 awards
THE SunStar media group bagged seven journalism titles in the 9th Globe Media Excellence Awards (GMEA) held online Friday, May 6, 2022.Of the seven awards, two went to SunStar Cebu, one to SunStar Bacolod, and four to SunStar Davao.SunStar Cebu’s photographer Amper Campaña won the Photo of the Year award for his “Pandemic Heroes” photo […]