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China coastguard uses water cannons against Philippine ships in South China Sea

MANILA/SHANGHAI (Reuters) -China’s coastguard said it had taken measures against Philippine vessels in disputed waters of the South China Sea on Saturday, while the Philippines decried the moves, including the use of water cannons, as “irresponsible and provocative”. China’s actions led to “significant damage” and injury to personnel on a civilian boat hired to resupply.....»»

Category: newsSource:  inquirerRelated NewsMar 24th, 2024

Australia, Britain Criticize China for Actions in Hong Kong

SYDNEY - Australia and Britain on Friday criticized China for its actions in Hong Kong and the South China Sea and its support of Russia, after a meeting in which London and Canberra deepened their security ties.The two countries called out 'recent unsafe and destabilizing behavior by China's vessels against Philippine vessels and crew near Second Thomas Shoal in the South China Sea,' in a statement that contain.....»»

Category: newsSource:  manilanewsRelated NewsMar 22nd, 2024

China says it opposes Philippine construction on Nansha Islands

China firmly opposes the Philippine side conducting any form of construction activity on the islands and reefs of China's Nansha Islands that it invaded and illegally occupied, a spokesperson for China's Defense Ministry said Thursday.  "China has indisputable sovereignty over the Nansha Islands and the adjacent waters, which is fully backed by historical and legal evidence," Wu Qian, a spokesperson for the.....»»

Category: newsSource:  philippinetimesRelated NewsJan 26th, 2024

China says it opposes Philippine construction on Nansha Islands

China firmly opposes the Philippine side conducting any form of construction activity on the islands and reefs of China's Nansha Islands that it invaded and illegally occupied, a spokesperson for China's Defense Ministry said Thursday.  "China has indisputable sovereignty over the Nansha Islands and the adjacent waters, which is fully backed by historical and legal evidence," Wu Qian, a spokesperson for the.....»»

Category: newsSource:  manilanewsRelated NewsJan 25th, 2024

China Bank nets record P22 billion

Higher core business revenues boosted the net income of Sy-led China Banking Corp. by 15 percent to hit an all-time high of P22 billion in 2023......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

Philippines posts 1.2 bln USD surplus in March

MANILA, April 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a surplus of 1.2 billion U.S. dollars in March 2024, slightly lower than the 1.3-billion-dollar BOP surplus recorded a year ago, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in March reflected inflows arising mainly from the national government's net foreign currency deposi.....»»

Category: newsSource:  manilanewsRelated NewsApr 19th, 2024

Philippine remittances rise by 2.9 pct in November

MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»

Category: newsSource:  manilanewsRelated NewsJan 15th, 2024

Philippine remittances rise by 2.9 pct in November

MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»

Category: newsSource:  philippinetimesRelated NewsJan 15th, 2024

Shell Pilipinas profit tumbles to P1.2 billion in 2023

The earnings of Shell Pilipinas Corp. plunged by 70.7 percent to P1.2 billion in 2023 from P4.1 billion in 2022 on the back of declining global fuel prices and elevated interest rates......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2024

GSIS income surges to P113 billion in 2023

The earnings of state-run Government Service Insurance System jumped by 70 percent to P113.3 billion in 2023 from P66.4 billion in 2022 on the back of strong revenues from financial assets and investments......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

DBP seeks capital buildup of up to P300 billion

State-run Development Bank of the Philippines is hoping to raise its authorized capital stock to P300 billion as the bank seeks to amend its nearly three-decade-old charter......»»

Category: newsSource:  philstarRelated NewsMar 7th, 2024

Maya loans reach P22 billion last year

Digital bank Maya Bank Inc. raised its loan disbursement by sevenfold to P22 billion in 2023, as it reaped the benefits of expanding its credit products for underserved sectors......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

BDU Unibank Inc. 2024 1st quarter earnings at P18.5B, up by 12%

BDU Unibank Inc. 2024 1st quarter earnings at P18.5B, up by 12%.....»»

Category: newsSource:  sunstarRelated NewsApr 21st, 2024

Fruitas earnings soar in 2023

Listed food and beverage retail operator Fruitas Holdings Inc. saw its earnings soar in 2023 on the back of all-time high annual revenues......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2024

Power, real estate fuel FPH earnings in 2023

Strong contributions from power generation and real estate segments fueled a nearly 20-percent jump in the earnings of First Philippine Holdings Corp. in 2023......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2024

Groupwide improvements boost FDC earnings by 58%

Filinvest Development Corp. the listed conglomerate of the Gotianun family, saw its earnings rise by more than half last year on the back of a double-digit improvement across all business segments......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2024

GT Capital posts record high core earnings in 2023

GT Capital Holdings Inc., the listed conglomerate of the Ty Group finished 2023 with all-time high core earnings, buoyed by record-setting financial results from core businesses......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

D& L sees earnings recovery this year

D&L Industries Inc. expects a recovery in profitability this year after earnings in 2023 fell due to higher interest and depreciation expenses associated with the Batangas plant coupled with the lingering effects of high inflation......»»

Category: financeSource:  philstarRelated NewsMar 8th, 2024

Stock traders to keep track of inflation, earnings data

Investors will keep a close eye on the country’s inflation data and the release of more corporate earnings results this week to serve as catalysts for a potential climb back to the 7,000 mark......»»

Category: financeSource:  philstarRelated NewsMar 4th, 2024

Positive earnings results boost share prices

The stock market ended a two-day bleeding after a slew of positive corporate earnings results buoyed investor sentiment......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024