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JG Summit profit falls in Q3

JG Summit Holdings, Inc. saw its attributable profit drop by a fourth in the third quarter of 2018, as the weak peso weighed on its petrochemicals, food, and airline businesses......»»

Category: newsSource: bworldonline bworldonlineNov 9th, 2018

GMA& rsquo;s profit falls by 15% to P1.97b on weak ad sales

GMA& rsquo;s profit falls by 15% to P1.97b on weak ad sales.....»»

Category: financeSource:  thestandardRelated News12 hr. 19 min. ago

JG Summit says nine-month profit down to P14.8b

JG Summit says nine-month profit down to P14.8b.....»»

Category: financeSource:  thestandardRelated NewsNov 9th, 2018

Three Filipinos named among Asia Society’s 21 rising young leaders

NEW YORK -- Three young Filipinos have been named among Asia Society's Asia 21 Young Leaders Class of 2018 and will join other accomplished professionals from the Asia Pacific region for the 13th Annual Young Leaders Summit in Manila. Jam Acuzarisfounder and director of Bellas Artes Projects, a non-profit arts foundation based in the Philippines. She develops and oversees the foundation's artist residency program, community projects, and exhibitions in Manila and Bataan. Acuzar also leads Bellas Artes Outpost, a non-collecting, non-commercial exhibition spaceopened in 2016that invites the public to engage with art, architecture, and other creative fields through its programming...Keep on reading: Three Filipinos named among Asia Society’s 21 rising young leaders.....»»

Category: newsSource:  inquirerRelated NewsSep 5th, 2018

Three Filipinos named among Asia Society’s 21 rising young leaders

NEW YORK — Three young Filipinos have been named among Asia Society’s Asia 21 Young Leaders Class of 2018 and will join other accomplished professionals from the Asia Pacific region for the 13th Annual Young Leaders Summit in Manila. Jam Acuzarisfounder and director of Bellas Artes Projects, a non-profit arts foundation based in the Philippines.… link: Three Filipinos named among Asia Society’s 21 rising young leaders.....»»

Category: newsSource:  manilainformerRelated NewsSep 5th, 2018

JG SUmmit H1 profit down

Gokongwei-led conglomerate JG Summit Holdings saw a 32.8-percent year-on-year drop in first semester net profit to P9.8 billion on slower earnings from its food and beverage, airline and petrochemi.....»»

Category: newsSource:  philippinetimesRelated NewsAug 13th, 2018

JG Summit profit drops to P9.8 billion

JG Summit Holdings Inc., the conglomerate of the Gokongwei family, reported a lower net income in the second quarter on the back of a challenging environment aggravated by tougher competition......»»

Category: financeSource:  philstarRelated NewsAug 11th, 2018

PSEi falls 1.3% on profit-taking

THE stock market snapped a five-day winning streak on Tuesday, plunging by more than 1 percent as investors chose to take profits. The benchmark Philippine Stock Exchange index (PSEi) lost 101.32 points or 1.30 percent to close at 7,672.00, while the broader All Shares declined 0.89 percent or 41.16 points to end at 4,604.12. Philstocks [...] The post PSEi falls 1.3% on profit-taking appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 31st, 2018

EU split on migration at mother of all summits

BRUSSELS, Belgium – EU leaders face deep divisions on migration and the eurozone at a crucial summit in Brussels on Thursday, June 28, that could decide the fate of embattled German Chancellor Angela Merkel and even the bloc itself. The meeting comes amid warnings that authoritarian and "anti-European" movements will profit ........»»

Category: newsSource:  rapplerRelated NewsJun 28th, 2018

PPA net profit falls 4% in Q1 following surge in dredging costs

THE Philippine Ports Authority (PPA) said first-quarter net profit fell 4% year on year to P2.259 billion despite increased revenue, which was offset by rising costs associated with improving and maintaining ports. In a statement on Monday, the agency said expenses in the three months to March grew over 37% to P1.523 billion, amid a […] The post PPA net profit falls 4% in Q1 following surge in dredging costs appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 22nd, 2018

Leisure & Resorts World Q1 net profit falls 70%

LEISURE & Resorts World Corp. (LRWC) reported on Friday a first-quarter net profit of P82.42 million, down nearly 70% from a year earlier, as the company recovers from what it called “challenging” times last year. In the same period in 2017, the listed gaming company posted a P272.12 million net profit attributable to the parent […] The post Leisure & Resorts World Q1 net profit falls 70% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 18th, 2018

JG Summit nets P4.8B

Gokongwei-led conglomerate JG Summit saw a 35.8-percent year-on-year drop in first quarter net profit to P4.82 billion on slower earnings from the petrochemical and food businesses alongside some f.....»»

Category: newsSource:  philippinetimesRelated NewsMay 15th, 2018

JG Summit boosts profit 169% in 2017

JG Summit Holdings Inc., the conglomerate of the Gokongwei group, grew its consolidated net income 169 percent to P29.37 billion last year......»»

Category: financeSource:  philstarRelated NewsApr 14th, 2018

JG Summit’s 2017 profit jumps 169%

Gokongwei-led JG Summit Holdings grew its 2017 net profit by 169 percent to P29.37 billion from year-ago level, when its earnings were weighed down by impairment losses from its investment in telecommunication giant PLDT Inc. Excluding nonoperating and nonrecurring items, JG Summit's consolidated core net income last year hit P29.56 billion, relatively flat from the 2016 level, as the rise in fuel prices gnawed at the earnings of the airline business. This was offset by the double-digit income growth in the petrochemicals business and rise in equity earnings from associates particularly, United Industrial Corp. Ltd. of Singapore, Manila Electric Co. and Global Business Power Corp. ...Keep on reading: JG Summit’s 2017 profit jumps 169%.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

PSEi falls below 8,100 on profit-taking

SHARE prices fell further in early trading on Monday as investors continued to pocket earlier gains in the absence of fresh market-moving incentives. At the noon break, the bellwether index shed 1.02 percent or 83.28 points to 8,060.74. The broader All Shares lost 0.97 percent or 46.55 points to 4,739.41. “[There is] no new good news to propel the [...] The post PSEi falls below 8,100 on profit-taking appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsDec 4th, 2017

PSEi down 1% on profit-taking

The stock market fell back to the 8,400 level on Friday as investors decided to take profits ahead of next week’s Association of Southeast Asian Nations (Asean) summit and amid concerns over the outlook for corporate tax cuts in the United States. The bellwether Philippine Stock Exchange index (PSEi) lost 1.01 percent or 86.34 points [...] The post PSEi down 1% on profit-taking appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 11th, 2017

San Miguel’s profit falls 26% to P26.1b

San Miguel’s profit falls 26% to P26.1b.....»»

Category: financeSource:  thestandardRelated NewsAug 10th, 2017

Corporate News: 8990 Q2 profit falls on permit delays

EARNINGS of 8990 Holdings, Inc. fell 58% in the second quarter as the mass housing developer continued to experience delays in securing permit for new projects......»»

Category: financeSource:  bworldonlineRelated NewsAug 1st, 2017

JG Summit core profit up 6.9% in 2016

MANILA, Philippines -  JG Summit Holdings Inc......»»

Category: financeSource:  philstarRelated NewsApr 7th, 2017

JG Summit’s profit declines to P10.9b

JG Summit’s profit declines to P10.9b.....»»

Category: financeSource:  thestandardRelated NewsApr 7th, 2017

Passive smoking measures meet resistance – The Japan News

The gap between the government and the ruling parties over secondhand smoke prevention measures has been widening. The Health, Labor and Welfare Ministry aims to join the international trend toward a total indoor smoking ban by strengthening restrictions in restaurants and other places. However, cautious views on the ban against a backdrop of opposition from the restaurant industry are growing within the Liberal Democratic Party. While the government plans to submit a bill on a smoking ban during the current Diet session, whether the government and the ruling bloc can reach an agreement on the matter remains unclear. Passive smoking refers to the inhaling of smokers’ tobacco smoke by nonsmokers at restaurants, offices or other such places. It is said that the inhaling of such smoke could increase the risk of lung cancer and stroke by 1.3 times, and sudden infant death syndrome by 4.7 times. The Health Promotion Law enforced in 2003 includes moderate allowances toward the prevention of secondhand smoke, but the health ministry believes the current non-compulsory measure has limited effectiveness and is considering an amendment to the law. According to the proposed measures released by the health ministry on March 1, new regulations would include 1) a smoking ban on the premises of medical facilities, elementary and junior high and high schools, 2) an indoor smoking ban for universities, elderly care facilities, gymnasiums, government and municipal offices, buses and taxis, with designated smoking rooms not being allowed, and 3) an indoor smoking ban for assembly halls, restaurants, offices, and train cars, allowing for the establishment of smoking rooms. Smokers who violate the law would face fines of up to ¥300,000, while facility administrators would face fines of up to ¥500,000. The government aims to enforce the law before the period of the Rugby World Cup, to be held in September 2019, after a two-year get-acquainted period. The ministry’s proposed measures are in accordance with the operational guidelines of the World Health Organization’s Framework Convention on Tobacco Control. However, the guidelines call for indoor bans in public places and do not allow for the establishment of smoking rooms. Regarding secondhand smoke measures, Japan remains at “the lowest implementation level in the world.” The health ministry aims to “get closer to international standards before the time when the Tokyo Olympics and Paralympics are held in 2020.” According to the ministry, since 2008 when the Beijing Olympic and Paralympic games were held, host cities, including Pyeongchang, South Korea, which hosts the Winter Games in 2018, have introduced measures against secondhand smoke including fines and most have fully banned indoor smoking. The WHO divides public places into eight categories (medical facilities, non-university schools, universities, administrative buildings, offices, restaurants, bars and public transit), and has released a ranking of countries based on how many categories are subject to indoor smoking bans. According to the ranking, 49 out of 188 countries, including Britain, Russia and Brazil, have bans for all eight categories. Japan falls in the group of 70 countries such as Malaysia with bans for between 0 and 2 categories. Japan remains lowly ranked as it does not have a law to impose an indoor smoking ban, only having promoted separation of smoking areas. Health Minister Yasuhisa Shiozaki argues: “Many advanced countries have thorough measures. We should keep in mind how Japan looks from the outside.” If the ministry’s proposed measures become law, an indoor smoking ban will apply to medical facilities, elementary, junior high and high schools, universities and public buildings. It could move Japan up one rank higher. Regarding restriction in restaurants, many countries face difficulties like Japan. For example, Berlin has introduced measures in which smoking-friendly restaurants should be less than 75 square meters, off limits to those under 18 years old, and can serve only food which does not need to be cooked to prevent children and pregnant women from entering. In South Korea, smoking is allowed only at some types of establishments such as bars. Restaurants in most countries appear to worry smoking bans may keep away customers, but the WHO’s International Agency for Research on Cancer emphasizes, “Legal total smoking bans imposed on restaurants and bars do not lead to decreased sales and profit for them.” The health ministry’s proposed measures have polarized opinion among the ruling and opposition parties. While the “Yes” side argues that the ministry’s proposed measures are good enough, the “No” side says that smoking is a matter of manners and should not be regulated by law. “If we don’t do something, we will make a fool of ourselves in front of the world,” said Hidehisa Otsuji, a former health, labor and welfare minister and chairman of a cross-party caucus that aims to implement secondhand smoke prevention measures before the Tokyo Olympic and Paralympic Games. The caucus met Shiozaki on March 15 and pressed for the strengthening of rules, arguing, “80 percent of people are non-smokers, and we should prioritize the health of the 80 percent.” It is calling for smoking bans in all restaurants, including bars and small drinking establishments known as “snacks.” However, within the LDP, supporters appear to remain in the minority, and it is believed that as much as 90 percent of LDP members are against it while just 10 percent are supporters. About 100 members from the tobacco caucus, chaired by Takeshi Noda, gathered on March 7 and insisted that “tobacco is legal, but [the health [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsApr 6th, 2017