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DOJ charges 2 alleged NPA financiers with terrorism financing
According to the DOJ, the case stemmed after reports that Dumlao and Tolentino possessed firearms and ammunition without a clear source of income or apparent purpose......»»
Upson International FY23 profit: P464-M (down 13.7%)
Upson International, the IT retailer primarily operating through the Octagon retail brand, teased its FY23 financial results headlined by a 13.7% dip in net income to P464 million......»»
Upson income drops despite record revenue
Listed IT products retailer Upson International Corp. posted record high revenue in 2023 but lower gross margin and higher expenses dragged down profit for the year......»»
First Gen income up 4 percent to P15.4 billion in 2023
Lopez-led power firm First Gen Corp. grew its income by four percent to P15.4 billion in 2023, from the previous year’s profit of P14.3 billion, mainly due to contributions from its geothermal subsidiary Energy Development Corp......»»
Insurance penetration rate slips further to 1.6 percent
The insurance industry saw its net income rise to P48 billion last year, but its contribution to the overall economy slipped further for the second straight year to only 1.6 percent......»»
Cebu Landmasters FY23 profit: P4.6-B (up 29%)
Cebu Landmasters [CLI 2.85 unch] [link] teased its FY23 performance at an analyst briefing where it revealed full-year net income of P4.6 billion (up 29%) and total revenues of P18.8 billion (up 20%)......»»
Malaysian firm spending $1.5-M to bring Korean bakery to Phl
Berjaya Food (International) Sdn. Bhd, a Malaysian company, is eyeing to invest $1.5 million to establish five Paris Baguette stores, a South Korean bakery chain, in the country. Dato’ Sydney Quays, Group CEO of Berjaya Food Berhad, in an interview with reporters last week, said the first store, planned to be inside a highly-dense mall in Metro Manila, will be open within the next six months. Quays pointed out that every Paris Baguette store typically requires an investment of $300,000. Thus, for the five stores that it plans to open within a year, investments may reach at least $1.5 million. “What we want to do when we open is to have a full-pledged Paris Baguette experience, meaning we would carry the full range of Paris Baguette,” Quays said. “There's no real competition for Paris Baguette. There's no other cafe that looks like Paris Baguette, that has the same products as Paris Baguette. It's a niche by itself. I'm very confident that they will do really well,” he added. At a ceremony last week, Paris Baguette Philippines Inc. signed the master franchise agreement with Berjaya Food (International) Sdn. Bhd. and Middle Trade Inc., and Paris Baguette Singapore to introduce the South Korean café bakery in the local market. Berjaya Food International, also the master franchisor of casual dining restaurant Kenny Rogers Roasters, has long seen the robust potential of the Philippine market with its local franchisee Middle Trade Inc. “The entry of Paris Baguette in the Philippines marks a milestone in our continuous expansion in the ASEAN Region,” he added. Paris Baguette premium bakery brand has been a leader in the Korean bakery industry by introducing and developing European-style bakery culture for the first time in Korea through its collection of pastries, breads and cakes. The post Malaysian firm spending $1.5-M to bring Korean bakery to Phl appeared first on Daily Tribune......»»
Superapp democratizes travel
Born out of a simple aspiration of democratizing travel came AirAsia’s Superapp, the latest online travel agency platform that features flights, hotels, transport and rewards services. [caption id="attachment_158159" align="aligncenter" width="525"] Chureito Pagoda in Japan.Photograph courtesyof Unsplash/tian shu Liu[/caption] “It was very hard for airlines during the pandemic. While everyone was very quiet, our leader Tony Fernandes was able to finish conceptualizing the Superapp. He started it even before the pandemic,” airasia Superapp managing director Ray Berja told Daily Tribune. The AirAsia Superapp takes the hassle out of booking the best value travel deals and is very useful not only for domestic trips but also international travel. From flights on over 700 airlines, the best accommodation packages, to ride hailing, food, deliveries and more, the app aims to be every traveler’s one-stop shop for all of their preferred travel needs. The app is partner to over 900,000 hotels across the globe. In the Philippines, it is tied with Megaworld Hotels and Resorts, Hotel 101 Manila, Red Planet Hotels, Berjaya Makati Hotel, Sunlight Hotel Coron and more. Currently, the Superapp has around 50 million active users. The number continues to grow exponentially in an annual periodical basis. “It’s for everyone. When we flew our first aircraft in 2001 with our founders, it was to really let everyone fly. Continuing that is a vision and aspiration for everyone to actually travel and go wherever they want to go,” Berja said. Japan remains the top choice for Filipino travelers, followed by Korea, Bangkok in Thailand, Bali in Indonesia, Kuala Lumpur in Malaysia and Hong Kong. “Our number of flights are almost on the 100 percent frequency, equivalent to when we were flying before the pandemic. Internationally, we already saw the opening of Korea, Japan, Taiwan and Thailand. China is going down, but we expect to see an increase in the next months or so. We are almost at par with our pre-pandemic level. We are hoping to get back on a strong growth year on year,” Berja said. The Superapp is nominated as Asia’s Best Travel Booking App at the World Travel Awards. Vote at worldtraveltechawards.com/award/asia-best-travel-booking-app/2023. “To be vetted across the world’s best is overwhelming, given that we are only on our first year. This nomination is something really close to our hearts,” Berja concluded. Download the Superapp via App Store for ios, Play Store for android or App Gallery for Huawei. The post Superapp democratizes travel appeared first on Daily Tribune......»»