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Supply shortage sinks Manila Water s net income by 18% in H1 2019

MANILA, Philippines – Ayala-led Manila Water posted a net income of P2.9 billion in the 1st half of 2019, 18% lower than the same period in 2018 amid the water supply shortage . In 2018, Manila Water earned 3.55 billion, 10% higher than in 2017. The company reported 7% growth in revenues ........»»

Category: newsSource:  rapplerRelated NewsAug 13th, 2019

Mobile games, videos push Globe s profits in H1 2019

MANILA, Philippines – Globe ended the 1st half of the year with a net income of P12 billion, 21% higher year-on-year, on the back of sustained growth across all data-related products and services. Its service revenues grew by 13% to P72.9 billion, with data driving most of the sales. Mobile ........»»

Category: newsSource:  rapplerRelated NewsAug 5th, 2019

Universal Robina nets P5.4 billion, up 9% in H1 2019

MANILA, Philippines – Gokongwei-led Universal Robina Corporation (URC)  posted a net income of P5.4 billion in the 1st half of the year, 9% higher than the same period in 2018. URC said the growth was driven by improvements in operating income which offset foreign exchange losses and higher finance costs. Its net ........»»

Category: newsSource:  rapplerRelated NewsAug 1st, 2019

Globe Telecom Tops Anew in Corporate Governance in ASEAN

Globe Telecom showed once again why it is one of the top organizations in the Philippines, after it was named among the 6 top-performing publicly-listed companies (PLCs) in the country under the ASEAN Corporate Governance Scorecard (ACGS) 2018. Marisalve Ciocson-Co, Globe Senior Vice-President for Law and Compliance, Chief Compliance Officer, and Assistant Corporate Secretary, received […].....»»

Category: newsSource:  metrocebuRelated NewsJul 8th, 2019

It’s part of the process – Valdez on PHI U-23 team

Despite the stinging losses and less than desirable score lines, the PHI Under-23 women’s volleyball team will always have the support and admiration of established local stars in Creamline’s Alyssa Valdez, Jia Morado and Michele Gumabao.   The young squad, which played without most of its vaunted hitters and recognizable names because of various reasons ranging from club commitments to injuries, finished the 2019 Thailand Open Sealect Tuna Volleyball Championships empty-handed save for valuable experience and lessons playing in the international scene. Never mind the bashers, the searing and scarring criticisms and all, they’re volleyball ‘ates’ got their backs. “Ako, for the girls lang, they don’t have to be down,” said Valdez, who was a part of the PHI U-23 team that finished seventh in the 12-team inaugural Asian U-23 Championship that the country hosted in 2015. “I’m not saying na dapat maging masaya but you keep on fighting, you keep on going.” Valdez, who has been a part of the national team since her girls squad stint 11 years ago, admired the determination of the PHI U-23 to represent the country even on short notice.   “Kahit anong mangyari we’re just really proud of the girls. Pinatawag sila to represent our country, pumunta sila ipinaglaban nila yung bansa natin,” said Valdez, who is set to make her third Southeast Asian Games tour of duty in November. “Who knows sila ang future generation natin na magre-represent talaga ng bansa natin at makapagdala ng medal.” Playing with an inexperienced core with a few high school standouts, the Filipinas were easy pickings for their seasoned tormentors. “It’s part of the process. Kung mababa ang score and matalo, it’s part of the learning experience you get internationally,” added Valdez. The PHI U-23 team suffered a humiliating 9-25, 12-25, 6-25, whipping at the hands of one of Japan’s best club teams, the Okayama Seagulls – the same team that will host the country’s senior national team during their international training camp. Looking to save face after their embarrassment, the Filipinas did regain some sense of pride with a better showing albeit it still ended with a 20-25, 12-25, 15-25, loss to 3BB Nakornnont, which fielded a couple of players from the Thai national team.    “Pero 'yung girls we’ve seen them, I’ve seen them. I watched their games also. I see how hard they fight. I’ve seen how they trained also,” said Morado, who was also a former PHI U-23 standout and currently part of the senior squad. “’Yun nga lang lahat ng players talaga na pinapadala sa ganoon lumalaban talaga,” she added. “They’re not there just for nothing, they’re there for the country, so kudos sa kanila.” Gumabao, who represented the country in the 2015 Asian Seniors Championship in China, commended the patriotism of the girls despite overwhelming odds. “Nothing to be ashamed of,” said Gumabao, who also carried the nation’s pride outside of volleyball in the 2018 Miss Globe competition. Gumabao like Morado and Valdez called on the Larong Volleyball sa Pilipinas, Inc. to come up with a comprehensive and concrete program for the all of the sport’s national teams for future international competitions.   “You reap what you sow. We in Creamline, we reap what we sow. We sow hard work, we reap wins,” Gumabao said. “Same internationally, if you sow years of training and experience, makikita natin ang score.”   --- Follow this writer on Twitter, @fromtheriles.....»»

Category: sportsSource:  abscbnRelated NewsJul 7th, 2019

Manny Pacquiao- Keith Thurman title bout to be aired on SKY Sports PPV

Filipino boxing icon Manny Pacquiao guns for another win in a major boxing bout as he challenges Keith Thurman for the WBA (Super) Welterweight World Championship this July 21 (Sunday) live via SKY Sports Pay-Per-View. The reigning WBA (regular) Welterweight World Champion faces an opponent ten years his junior after successfully defeating Adrien Broner last January and Lucas Matthysse in the latter part of 2018. Pacquiao currently holds a boxing record of 61-7-2 with 39 wins coming via knockout. On the other hand, Keith Thurman also known by the moniker, “One Time,” is coming from a majority decision win over Josesito Lopez. He owns an unblemished record of 30-0-0 with 22 wins via knockouts and one No Contest. Local boxing analyst Ed Tolentino said in an interview by news.abs-cbn.com that the bout between Thurman and Pacquiao will be a good one, stating that Thurman is better than Broner. One thing he is concerned about Thurman, though, is his health since this fight is only the American fighter’s second after being inactive for almost two years. Don’t miss the eight division world champion as he returns to the MGM Grand this July 21. Subscribe now until June 30 to avail an early bird promo for only PHP 649 instead of Php 949.This promo is available to all digital SKYcable, SKY Fiber, and SKYdirect subscribers nationwide. Subscribers to the fight on SKY Sports Pay-Per-View will have access to its live and commercial-free airing in high definition, including its replays on the same day right after the live event, as well as its livestream with a 7-day catch-up via SKY on Demand. Call 418 0000 or your SKY local office or visit www.mysky.com/pacman to subscribe. SKYcable, SKY Fiber + HD Cable TV Plan and SKYdirectsubscribers can also activate their subscription by texting PPV to 23662. For SKYdirect prepaid subscribers, they can text PPV PACMAN  to 23667 (available to Globe Prepaid, or TM ). .....»»

Category: sportsSource:  abscbnRelated NewsJun 24th, 2019

With Air Fiber 5G, Globe becomes 1st to offer 5G in Southeast Asia, 3rd in Asia

MANILA, Philippines – Globe CEO Ernest Cu breathed what was almost a sigh of relief as he announced the arrival of their first 5G-powered service, Globe At Home Air Fiber 5G, Thursday, June 20, successfully hitting their 2018 promise of launching 5G services by the second quarter of 2019. “It ........»»

Category: newsSource:  rapplerRelated NewsJun 20th, 2019

Bohol poverty incidence Drops by 5.3% in 2018

Poverty incidence in Bohol continue to slide down in the last three years, from 31.3% in 2015 to 26% in 2018, recent data from the local Philippine Statistics Authority (PSA) show. By poverty incidence, the PSA means the minimum income and expenditure required for a family of five members to meet the basic food and […].....»»

Category: newsSource:  boholnewsdailyRelated NewsJun 10th, 2019

CAAP Remits P3.5-B Dividend to Nat’l Gov’t

The Civil Aviation Authority of the Philippines (CAAP) on Tuesday announced that it has remitted PHP3.5 billion in dividends to the national government for 2018, the highest in its history. In an interview with the Philippine News Agency (PNA), CAAP spokesperson Eric Apolonio explained that the increase in CAAP’s income was due to several factors. […].....»»

Category: newsSource:  metrocebuRelated NewsJun 3rd, 2019

Ramon Ang in high spirits as Ginebra doubles Q1 profit

Ginebra San Miguel Inc., the hard liquor unit of San Miguel Food and Beverage Inc., expects its net income to grow to P2.5 billion this year from P1.05 billion in 2018......»»

Category: financeSource:  philstarRelated NewsMay 31st, 2019

Cebu Landmasters earns 72% more in 2018

Cebu Landmasters Inc. (CLI) continued its growth momentum with a reported 72 percent hike in net income in 2018 to P2.17 billion from the previous year’s P1.26 billion......»»

Category: financeSource:  philstarRelated NewsMay 28th, 2019

TRAIN revenues exceed 2018 goal

Additional revenues generated from the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law in 2018 exceeded the target by 8.1 percent even as the government gave away P117 billion in personal income tax cuts, the Department of Finance reported......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2019

8990s 2018 income up 13% to P4.67B - The Manila Times Online

8990's 2018 income up 13% to P4.67B The Manila Times LISTED 8990 Holdings Inc. reported on Wednesday its consolidated net income climbed by 13 percent to P4.67 billion last year from P4.14 billio.....»»

Category: newsSource:  manilanewsRelated NewsMay 9th, 2019

Insurers post record P37 B profit in 2018

The local insurance industry’s total net income rose to a new record high of P37.43 billion in 2018 as all sectors saw an increase in the premiums they generated, according to the Insurance Commission......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2019

Mobile data hiked Globe& rsquo;s Q1 income to P6.7 billion

Mobile data hiked Globe& rsquo;s Q1 income to P6.7 billion.....»»

Category: financeSource:  thestandardRelated NewsMay 6th, 2019

Lower income tax for wage earners proposed

MANILA, Philippines - A lower income tax rate for millions of salaried workers should be in place by 2018, Albay Rep......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2017

FIFA to expand World Cup to 48 teams in 2026

GRAHAM DUNBAR, AP Sports Writer br /> ZURICH (AP) — FIFA will expand the World Cup to 48 teams, adding 16 extra nations to the 2026 tournament which is likely to be held in North America. President Gianni Infantino's favored plan — for 16 three-team groups with the top two advancing to a round of 32 — was unanimously approved Tuesday by the FIFA Council. It meets Infantino's election pledge of a bigger World Cup, and should help fund promised raises for FIFA's 211 member federations. With 80 matches instead of 64, FIFA forecasts the equivalent of $1 billion extra income at current rates from broadcasting and sponsor deals, plus ticket sales, compared to $5.5 billion revenue forecast for the 2018 World Cup in Russia. FIFA projects an increased profit of $640 million despite some extra operating costs and prize money for teams. FIFA's six continents should find out by May how many extra places they will each get. UEFA wants 16 European teams at the tournament, which is strongly favored to be played in North America. The CONCACAF region has not hosted the World Cup since the 1994 tournament in the United States. American, Canadian and Mexican soccer leaders have had informal talks about a co-hosting bid. Africa and Asia could be winners in a bigger World Cup with up to nine places each. They had only five and four teams, respectively, at the 2014 World Cup in Brazil. Still, FIFA said it expects the standard of soccer to drop compared to the 32-team format locked in for the next two World Cups in Russia and Qatar. The 'absolute quality' of play, defined by high-ranked teams facing each other most often, is achieved by 32 teams, FIFA acknowledged in a research document sent to members last month. It made 10,000 tournament simulations to reach that conclusion. Instead, Infantino wants to create fervor and months of anticipation back home in the 16 extra nations which would qualify, some probably making their World Cup debut. FIFA has pointed to Costa Rica, Wales and Iceland as examples of teams which overachieved at recent tournaments. FIFA must break with soccer tradition to make its new format work after an original 48-team plan — with an opening playoff round sending 16 'one-and-done' teams home early — was unpopular. Instead, three-team groups will replace the usual groups of four to create simple progress to a knockout bracket. However, it leaves one team idle for final group games and could risk collusion between the other two teams. FIFA said it could guard against result-rigging by introducing penalty shootouts after group games that end in draws. Despite the 16 extra games, FIFA believes the current maximum of stadiums needed will stay at the 12 used by Brazil and Russia. However, the demand for more training bases and hotels means developed countries would be better equipped to win future hosting contests. North America is the strong favorite for 2026 because European and Asian countries are blocked by a FIFA rule excluding continents which hosted either of the two previous tournaments. Russia will host the World Cup next year and Qatar in 2022. South America has been focused on a centenary tournament including original 1930 host Uruguay, and African nations are seen as lacking existing capacity and unlikely to fund multi-billion dollar infrastructure spending. .....»»

Category: sportsSource:  abscbnRelated NewsJan 10th, 2017

FIFA set to approve bigger, richer World Cup on Tuesday

GRAHAM DUNBAR, AP Sports Writer   FIFA is set to make the World Cup bigger and richer, even if the price to pay is lower quality soccer. FIFA President Gianni Infantino hopes his ruling Council will agree Tuesday to expand the 2026 World Cup to 48 nations, playing in 16 groups of three teams. A decision could be delayed if some Council members demand to know exactly how many qualifying places each continent will get before agreeing to scrap the 32-team format. It has been successful, popular and profitable since 1998 and is locked in for the next two World Cups in Russia and Qatar. The prize of 16 extra places, and the biggest increases to Africa and Asia, has 'overwhelming' support from FIFA's 211 member federations, Infantino has said. Their promise of extra funding from Zurich could also be secured by FIFA's forecast 20 percent rise in rights fees paid by broadcasters and sponsors. 'Financially, the 48-team format is the most appealing or successful simply because the sporting element is prevailing and every match is important,' Infantino said two weeks ago. 'The decision should not be financially driven, neither in terms of revenue or costs ... but the driver should really be the development of football and boosting football all over the world.' World Cup champion Germany is not in favor. It argued that diluting the number of European and South American teams — which won all 20 titles since 1930 — could 'strengthen the imbalance' seen at some tournaments. 'The (German soccer federation) fundamentally believe that the current 32-team format is the best option,' its president Reinhard Grindel said last week. Germany has no delegate at Tuesday's meeting though Grindel is set to join the FIFA Council in May. FIFA acknowledged the risk of lower standards in a research document sent to members last month, as first reported by The Associated Press. The 'absolute quality' of soccer, defined by high-ranked teams playing each other most often, is achieved by 32 teams, FIFA said, citing 10,000 tournament simulations made to reach that conclusion. Still, Infantino promised voters more World Cup places and funding raises before his election last February. FIFA expects $5.5 billion income tied to the 2018 World Cup in Russia, though 25 of 34 sponsorship slots are unsold. The research document predicted the equivalent of $6.5 billion revenue from a 48-team tournament in the '16x3' format, which would send two teams from each group to a new Round of 32 knockout bracket. All 80 matches would play in an exclusive time slot. Currently, 64 World Cup matches have 56 broadcast slots because the eight four-team groups play their last matches simultaneously. FIFA predicts organizing costs for '16x3' rising from $2 billion to $2.3 billion, giving a potential profit rise of $640 million. Though a '16x3' World Cup would still need a maximum of 12 stadiums, the demand for 16 more top-quality training camps and hotels suggests FIFA would look for 2026 hosts with existing capacity. A North American bid from two or three of the United States, Canada and Mexico is currently favored in a contest that could start within weeks. Five options are open Tuesday, including staying with 32 teams. Infantino campaigned last year on a 40-team promise, in either eight groups of five teams or 10 groups of four teams. Neither impressed voters in recent regional meetings of FIFA member federations. When the FIFA leader first proposed 48 teams, it included an opening playoff round. The 16 winners would join 16 seeded teams in a traditional 32-team group stage. FIFA members disliked 'one-and-done' teams going home before the 'real' World Cup kicks off. It would also stretch to a 39-day event with more short-notice travel for fans. Africa and Asia could be the big winners, and FIFA hopes new teams would include another Iceland, Wales and Costa Rica — over-achieving teams and feelgood stories at recent tournaments. Still, hapless Tahiti was outclassed at the 2013 Confederations Cup, conceding 24 goals in three games. 'The goal of expanding the FIFA World Cup,' it has told members, 'is to further advance the vision to promote the game of football, protect its integrity and bring the game to all.' ___ Entry quotas for 2018 World Cup: Europe 14 (including host Russia to qualify direct); Africa 5; Asia and South America 4.5 each; North, Central America and Caribbean 3.5; Oceania 0.5. .....»»

Category: sportsSource:  abscbnRelated NewsJan 9th, 2017

Globe Telecom's Q3 net income drops by 50%

Globe Telecom's Q3 net income drops by 50%.....»»

Category: newsSource:  rapplerRelated NewsNov 7th, 2016

English Articles

Stocks resume decline, Globe Telecom third quarter income falls 50 percent.....»»

Category: newsSource:  manila_shimbunRelated NewsNov 7th, 2016