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CLI reservation sales hit P2.7B in 1st quarter amid strong demand

CEBU Landmasters, Inc. (CLI) said reservation sales jumped 24% in the first quarter, keeping the property developer on track to hit its P7-billion target this year. In a statement, CLI said it sold P2.7 billion worth of projects in the Visayas and Mindanao, which represent 38% of the full-year target. This is also the company’s […] The post CLI reservation sales hit P2.7B in 1st quarter amid strong demand appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineApr 16th, 2018

Jollibee Q2 income jumps 15% amid expansion

STRONG sales from its fastfood businesses in the Philippines and abroad helped lift Jollibee Foods Corp.’s (JFC) earnings 15% higher in the second quarter. The post Jollibee Q2 income jumps 15% amid expansion appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsAug 14th, 2018

Banks seen getting selective in lending

Banks are likely to be more selective when granting loans to companies, but also more liberal when lending to households in the third quarter, amid expectations of continued strong demand for credi.....»»

Category: newsSource:  philippinetimesRelated NewsJul 23rd, 2018

Electric coops report stronger sales nationwide

Electric cooperatives' sales in the first quarter jumped 11 percent amid increased demand nationwide, according to the National Electrification Administration (NEA). The numbers "show an upward trend in the demand for electricity in the rural areas, a positive surge in economic activity, including those in production, manufacturing and consumer trade being catered to and aptly provided by electric cooperatives in the past year," NEA Administrator Edgardo Masongsong said in a statement. "These numbers, while showing a direct correlation between the services of the electrification sector and national growth, also validate our contention that [power cooperatives] drive the rural econo...Keep on reading: Electric coops report stronger sales nationwide.....»»

Category: newsSource:  inquirerRelated NewsJun 27th, 2018

PH economy grew 6.9% in third quarter

The Philippine economy rose at a faster pace in the third-quarter of the year amid the recovery of the export sector along with strong public spending and robust domestic demand, Socioeconomic Planning Secretary Ernesto E. Pernia said Thursday. #BeFullyInformed PH economy grew 6.9% in third quarter The Philippine economy rose at a faster pace in… link: PH economy grew 6.9% in third quarter.....»»

Category: newsSource:  manilainformerRelated NewsJan 6th, 2018

Globe Q3 profit rises amid strong demand for data

By Arra B. Francia, Reporter EARNINGS of Globe Telecom, Inc. attributable to the parent soared 76% in the third quarter of 2017, as the company continued to benefit from the expansion of its data segment in mobile and home broadband. In a regulatory filing on Friday, the telecommunications giant said it delivered a net income […] The post Globe Q3 profit rises amid strong demand for data appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 3rd, 2017

Corporate News: DMCI Homes reservation sales to hit P25.5 billion for Dec.-June

THE property arm of DMCI Holdings, Inc., the holding firm of the Consunji family, will hit its 12-month target for reservation sales this month on strong demand for its projects in Metro Manila and key urban cities......»»

Category: financeSource:  bworldonlineRelated NewsJun 6th, 2017

Wilcon's IPO meets strong demand

WILCON Depot, Inc.'s P7-billion initial public offering (IPO) received strong interest from domestic investors, encouraged by the company's prospects and pent-up demand amid the dearth of maiden share sales, the issue manager of the deal said......»»

Category: newsSource:  bworldonlineRelated NewsMar 26th, 2017

Rising prices weigh on business

BUSINESSES OPTIMISM softened this quarter from the past year amid rising commodity prices — marking the third straight quarter-on-quarter dip and the lowest point since 2010 — although the outlook for the next three months improved on expectations of higher consumer demand ahead as Christmas holidays approach. The post Rising prices weigh on business appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 7th, 2018

Rising prices weigh on business

By Elijah Joseph C. Tubayan, Reporter BUSINESSES OPTIMISM softened this quarter from the past year amid rising commodity prices — marking the third straight quarter-on-quarter dip and the lowest point since 2010 — although the outlook for the next three months improved on expectations of higher consumer demand ahead as Christmas holidays approach. Results of… link: Rising prices weigh on business.....»»

Category: newsSource:  manilainformerRelated NewsSep 6th, 2018

DMCI Power posts record sales in first half of 2018

DMCI Power Corp., the power arm of engineering conglomerate DMCI Holdings, posted record sales in the first semester on the back of strong electricity demand in the provinces of Palawan, Mindoro, and Masbate......»»

Category: financeSource:  philstarRelated NewsAug 23rd, 2018

Yields on term deposits rise on strong demand

YIELDS ON term deposits continued to inch higher this week amid robust demand as banks continue to sit on piles of excess cash. The post Yields on term deposits rise on strong demand appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsAug 22nd, 2018

Developers report mixed Q2 results

SEVERAL PROPERTY companies reported mixed performances in the second quarter of 2018, with Rockwell Land Corp. posting strong real estate sales, while others saw a drop in revenues. The post Developers report mixed Q2 results appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 21st, 2018

T-bills to fetch lower rates

TREASURY BILLS (T-bills) on offer today will likely fetch lower rates on the back of strong demand for papers in the short end of the curve amid excess liquidity in the market. The post T-bills to fetch lower rates appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 20th, 2018

Adidas scores World Cup victory: Net profits double to $459M from April to June

Germany sporting goods firm Adidas on Thursday said the World Cup in Russia and strong e-commerce sales lifted net profit in the second quarter, keeping the company on track to meet its 2018 goals......»»

Category: newsSource:  philippinetimesRelated NewsAug 10th, 2018

GoPro beats estimates on renewed demand for action cameras

GoPro Inc. posted results that exceeded analysts’ estimates, buoyed by strong demand for the company’s signature action camera and suggesting it’s finding a way back to growth and profits. Revenue was $283 million in the second quarter, the company said Thursday in a statement. That was up 40 percent from the previous period and beat… link: GoPro beats estimates on renewed demand for action cameras.....»»

Category: newsSource:  manilainformerRelated NewsAug 3rd, 2018

Samsung Electronics posts $9.9-B Q2 net profit, down 0.1%

SEOUL, South Korea – Samsung Electronics on Tuesday, July 31, reported a 0.1% dip in its second quarter net profit from a year earlier, blaming slower global sales of premium smartphones that dented demand for its flagship Galaxy device. Net profit for the April to June period came ........»»

Category: newsSource:  rapplerRelated NewsJul 31st, 2018

Coach of England wins the nation s heart by being a nice guy

By Danica Kirka, Associated Press LONDON (AP) — In an age of tattoos, tongue piercings and tensions over Brexit, a soft-spoken man in a dark blue waistcoat and striped tie is uniting England amid dreams of victory in soccer's World Cup. Coach Gareth Southgate is the buttoned-down leader of a new generation of players who speak softly and let their victories silence critics. And England supporters have found that refreshing after years of underperforming teams led by stars such as David Beckham, who became as much a celebrity as an athlete. "He's very much about a team spirit. It's more about the collective — you can see it in the way he deals with the squad," said Paul Willis, who was in the stands last Saturday in Samara, Russia, when England reached the semifinals with a 2-0 victory over Sweden. "We had superstars, but we didn't have a team." Southgate's focus on teamwork and civility has made him an unlikely icon in a country that is deeply divided by bitter arguments over plans to leave the European Union and a widening gap between rich and poor. England Captain Harry Kane may be the tournament's leading scorer, but fans are donning waistcoats and ties — even as the country enjoys an unusually hot summer — in homage to Southgate as pundits extol the 47-year-old coach's calm leadership. "He has shown us the value of courtesy, kindness, hard work and that most derided of virtues, niceness," columnist India Knight wrote in the Sunday Times. "He has redefined not just how to be a manager, but how to be a man." Southgate displayed his character after England's July 3 victory over Colombia, offering a supportive hug to Colombian player Mateus Uribe after his miss in a penalty shootout helped England advance. The England coach understood Uribe's agony, having missed a similar shot at the 1996 European championships. The moment of empathy also reminded the country how Southgate once lampooned his own failure with a Pizza Hut commercial in which he wore a bag over his head to shield his identity from angry fans. Southgate's compassion sparked a hashtag for the coach's real and imagined acts of kindness such as "#GarethSouthgateWould stop and help you put the chain back on your bike even if he was all dressed in his waistcoat and late for the game." Southgate became manager less than two years ago after the Football Association's first choice was forced out after unguarded comments to undercover reporters. Since then he has quietly ushered out the last of the old stars and brought together a group of youngsters who modestly shrug off compliments and give kudos to their teammates. Perhaps more importantly, he recognized the contribution of the fans, something that had been eroded during the superstar era. After every game, Southgate and his players walk across the field to applaud the supporters who have traveled to Russia to cheer for the team. "We had lost a bit of connection," Willis, a 57-year-old fan from Birmingham, said of past regimes. "That is now back. All the team and the back room applaud our input to the game." That has also translated into huge support back home in football-mad England. At least 20 million people, 38 percent of England's population, watched Saturday's victory over Sweden, according to figures from the BBC. Commentators say the actual number was much higher because so many people watched the game on huge screens in parks and shopping centers. London authorities are inviting 30,000 fans to the city's Hyde Park for a screening of Wednesday's semifinal against Croatia. Fearing demand will far exceed that, authorities stressed that only those with tickets should come to the park. Ticket services reported hundreds of people were trying to dump theater tickets for Wednesday because they had more pressing business elsewhere. Social media sites are urging fans to wear waistcoats — please don't call them vests — to the office ahead of the big match — a "Waistcoat Wednesday" if you will. Marks & Spencer, the official tailor to the England team, says sales of the grandfatherly garments have doubled during the World Cup. Rio Ferdinand, one of the previous "golden generation" of players who is now a commentator for the BBC, has been leading the cheers for this year's team, asking fans to post video of their beer-throwing, chest-bearing, flag-waving celebrations after the win over Sweden. On Sunday, Ferdinand tweeted his own mea culpa for past failures, while also highlighting Southgate's unique contribution. "Why weren't the golden generation... the golden generation???" he tweeted. "We as players look at ourselves first...we never performed....but sometimes you have to be allowed to perform! Gareth is allowing this current @England to do this." That's paying off. Kane, who turns 25 later this month, has scored six goals in the tournament. Dele Alli, 22, came back from injury to score the team's second goal against Sweden. Fabian Delph, 28, played the last 15 minutes of Saturday's game after missing the previous game against Colombia because Southgate allowed him to go home for the birth of his third child. Southgate himself recognizes the contributions of everyone, from the physiotherapists to the players who push their teammates in practice but rarely get into a game, even to fans back home. "Our country has been through some difficult moments recently in terms of its unity, and I think sport has the power to do that and football in particular has the power to do that," he said. "So for us, we can feel the energy and we can feel the support from home, and that's, that's a very special feeling. It's a privilege." Barring that, it does help to have a snappy waistcoat. "Quite frankly, I don't care what he wears," Willis said. "He can wear a tutu if we carry on winning.".....»»

Category: sportsSource:  abscbnRelated NewsJul 11th, 2018

French cognac gets green light for ‘XXO’ label

French cognac will soon be able to be marketed as XXO, or "extra extra old," after regulators accepted a push by distillers to modify strict sales and production rules, an industry group said Monday. Currently, producers can apply only three quality distinctions: VS (very special), VSOP (very superior old pale) or XO (extra old)---all written in English in a nod to Britain's historical involvement in the brandy trade. But cognac heavyweight Hennessy, eyeing strong demand in Asia, had begun marketing a prestige bottle as "XXO Cognac Hors d'Age," or Beyond Age. France's consumer protection agency ordered Hennessy to pull the distinction from the labels in December, saying buye...Keep on reading: French cognac gets green light for ‘XXO’ label.....»»

Category: newsSource:  inquirerRelated NewsJun 26th, 2018

ALI unit expands Davao luxury residential project

AYALA LAND Premier (ALP) is launching the second tower of its luxury residential project in Davao City within the year, after seeing strong demand for the first tower where it generated P2.6 billion in sales. The post ALI unit expands Davao luxury residential project appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 20th, 2018

DOF: Top Japanese banks see strong demand for Philippine samurai bond float

The Department of Finance on Wednesday said top Japanese banks expect strong demand for the Philippines’ first stand-alone "samurai" bond float set in the third quarter of this year......»»

Category: financeSource:  philstarRelated NewsJun 20th, 2018