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PNB& rsquo;s earnings surged to P7.5 billion

PNB& rsquo;s earnings surged to P7.5 billion.....»»

Category: financeSource: thestandard thestandardNov 8th, 2018

SMIC& rsquo;s net earnings rose 10% to P26.2 billion in nine months

SMIC& rsquo;s net earnings rose 10% to P26.2 billion in nine months.....»»

Category: financeSource:  thestandardRelated NewsNov 7th, 2018

BSP& rsquo;S income surged 289% to P33.07 billion in seven months

BSP’S income surged 289% to P33.07 billion in seven months Source link link: BSP’S income surged 289% to P33.07 billion in seven months.....»»

Category: newsSource:  manilainformerRelated NewsSep 21st, 2018

BSP& rsquo;S income surged 289% to P33.07 billion in seven months

BSP& rsquo;S income surged 289% to P33.07 billion in seven months.....»»

Category: financeSource:  thestandardRelated NewsSep 20th, 2018

GERI net income surged by 56% in 2017 to P1.5B

Megaworld's leisure estate arm Global-Estate Resorts Inc. (GERI) grew its net profit last year by 56 percent to P1.5 billion on higher residential sales and rental income. Including earnings a.....»»

Category: newsSource:  philippinetimesRelated NewsApr 4th, 2018

DoubleDragon profits surge amid continued CityMalls expansion

DOUBLEDRAGON Properties Corp.’s earnings surged 66% in the third quarter of 2017, primarily from the expansion of its community malls around the country. In a statement issued Thursday, the property developer said its consolidated net income for the July to September period stood at P1.02 billion, versus P616.8 billion it realized in the same period […] The post DoubleDragon profits surge amid continued CityMalls expansion appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsNov 17th, 2017

BSP profit more than triples to P42.7 billion

Earnings of the Bangko Sentral ng Pilipinas (BSP) more than tripled to P42.69 billion in January to November last year due to gains from foreign exchange fluctuations......»»

Category: financeSource:  philstarRelated News18 hr. 30 min. ago

Peso rediscount loans surge to P71.5 billion in 2018

Loans availed by banks through the peso rediscount facility surged to P71.52 billion in 2018 following the series of interest rate hikes implemented by the Bangko Sentral ng Pilipinas (BSP) to help ease inflation......»»

Category: financeSource:  philstarRelated NewsJan 11th, 2019

& lsquo;Usman damage reaches P4.2 billion& rsquo;

& lsquo;Usman damage reaches P4.2 billion& rsquo;.....»»

Category: newsSource:  thestandardRelated NewsJan 7th, 2019

Harden has Rockets rolling with visit to Warriors looming

By Brian Mahoney, Associated Press James Harden and the Houston Rockets were one half away from the NBA Finals last time they played at Oracle Arena. The way the Rockets are rolling now, they might just get another shot at the champs this postseason. The Rockets try to wrap up a perfect month at home Monday (Tuesday, PHL time) against Memphis, then visit Golden State for the first time since the Western Conference finals, having recovered from a rough start thanks to Harden’s torrid stretch. He has scored 40 points in three straight games and 35 or more in seven straight, the longest streak since LeBron James did it in nine in a row in 2006. The NBA scoring leader’s quest to repeat as MVP is clearly on track. And after a poor start, so are the Rockets (20-15). They have won four straight and nine of their last 10 games overall, and are 8-0 at home in December after dropping their first four games at the Toyota Center. Just like Game 6 of the West finals, when they blew a double-digit lead, they will play at Golden State for Thursday’s (Friday, PHL time) nationally televised game without Chris Paul because of a hamstring injury. But instead of what had been a shaky season getting worse, the Rockets have surged in his absence because of Harden. “Somebody said the other day that we can only win if he scores 40. OK, that’s kind of a bad thing, but the good thing is he can score 40 every night, so we’re OK with that,” Rockets coach Mike D’Antoni said. “Tell him to keep going.” NEW YEAR, OLD HOME Kawhi Leonard’s first trip of the new year is to his old home. The Toronto Raptors visit San Antonio on Thursday (Friday, PHL time) for what became one of the most anticipated games of this NBA season this summer when the Spurs gave Leonard the exit he had been seeking, trading him to the Raptors. Leonard was the NBA Finals MVP when the Spurs won their last championship in 2014 and had become one of the league’s most complete players by last season. But he was limited to nine games because of a quadriceps injury and his relationship with the organization became strained. The Spurs dealt him along with mainstay Danny Green to Toronto, getting All-Star guard DeMar DeRozan back. Leonard led Toronto to the best record in the league for most of the season and the two-time Defensive Player of the Year’s absence has shown on the Spurs’ defense, long one of the league’s best but well back in the rankings now. While the game Thursday (Friday, PHL time) is the most newsworthy, it’s not the most important of the week for Toronto. The Raptors follow it Saturday (Sunday, PHL time) by visiting the Milwaukee Bucks, who have inched ahead of them for the NBA’s best record and have won both meetings this season. OTHER GAMES TO WATCH THIS WEEK: Orlando at Charlotte, Monday (Tuesday, PHL time). Magic coach Steve Clifford returns to face the team he coached for five seasons. Oklahoma City at Lakers, Wednesday (Thursday, PHL time). Chance for Californians Russell Westbrook and Paul George to put on a show for the fans back home. Atlanta at Milwaukee, Friday (Saturday, PHL time). Mike Budenholzer’s move from Atlanta to Milwaukee couldn’t look much better. Dallas at Philadelphia, Saturday (Sunday, PHL time). The reigning Rookie of the Year (Ben Simmons) against the player (Luka Doncic) who could succeed him. AYTON IN ACTION Deandre Ayton will finish his strong December by testing himself against the NBA champions. Then he opens January against a different kind of test — perhaps the toughest in the league at his position. The rookie center squares off for the second time against Joel Embiid on Wednesday (Thursday, PHL time) when the Phoenix Suns host the Philadelphia 76ers. Luka Doncic might already have too much hype and highlights to be caught in the Rookie of the Year race, but Ayton’s strong play certainly shouldn’t be overlooked. The No. 1 pick scored a season-high 33 points on 16-of-20 shooting and added 14 rebounds Saturday (Sunday, PHL time) in a 122-118 loss to Denver, after he came into the game averaging 16 points and nearly 12 boards for the month. “You can feel game-to-game he is getting better,” coach Igor Kokoskov said last week. “He is working on his game. He is a very dedicated player. It was just a matter of time.” That improvement has helped the Suns go 5-4 in their last nine games — one more victory than they had during a brutal 4-24 start. After facing Golden State on Monday (Tuesday, PHL time), it’s on to his second matchup with Embiid, one of the league’s biggest talkers who was already chirping about Ayton even before he’d played his first game. After the former Arizona star was compared to him in June, Embiid wrote on Twitter: “Don’t compare Ayton to me either. I play DEFENSE.” He then told ESPN in a preseason interview that Ayton was “about to get his (butt) kicked.” Embiid had 33 points to Ayton’s 17 in the 76ers’ victory in Philadelphia in November......»»

Category: sportsSource:  abscbnRelated NewsDec 31st, 2018

Top sports headliners in the year that was

From the FIFA World Cup to the NBA, the PBA to the UAAP and NCAA, the Asian Games to Manny Pacquiao, volleyball to MMA, the past 12 months truly was a great year for Filipino sports fans.   Here are some of the most memorable sports headliners that bannered the year that was.    San Miguel Corporation dominates PBA San Miguel Corporation owned 2018. For the first time in the history of the Asia’s first professional basketball league one company dominated all three conferences of the PBA. The San Miguel Beermen annexed their fourth straight Philippine Cup title against sister team Magnolia last May, while Ginebra rode on undersized do-it-all forward Justin Brownlee to the Commissioner's Cup title at the expense of San Miguel last August. Then it was Magnolia's time to shine in December. The Hotshots dismantled Alaska in six games to complete SMC’s domination of PBA 2018. Outside of basketball, SMC also made its presence felt in volleyball as Petron bagged the Grand Prix, Challenge Cup (beach volleyball) and the All-Filipino Conference in the Philippine Superliga.   Kai Sotto stands tall as Ateneo takes title vs NU Kai Sotto became a household name in 2018 as the 7'1" wunderkind showed off in the UAAP Season 80 juniors' basketball tournament. The eventual Finals MVP was a beast in Game 1 of the Finals against the NU Bullpups, tallying a triple-double of 22 points, 16 rebounds, and 11 blocks in the 86-70 win, the first of its kind since 2003. Ateneo finished the season almost unscathed at 16-1, with their lone loss in Game 2 of the series, a very chippy one to say the least. In Game 3, Sotto came up clutch, scoring the go-ahead basket, 60-58, with about 30 seconds left as Ateneo came away with the 63-58 win to take the title.  SJ Belangel, Joaqui Manuel, Dave Ildefonso and Jason Credo, and coach Joe Silva all appeared in their last games for the Blue Eaglets.   DLSU completes three-peat; NU dethrones Ateneo  The UAAP Season 80 volleyball tournament was filled with lasting memories that will surely be remembered for a long time. Numerous upsets in the eliminations, great games, and much more were the name of the game for the women's tournament. However, a long-time rivalry was rekindled when two-time defending champs De La Salle Lady Spikers met 29-time title holders FEU Lady Tamaraws for all the marbles last May. Kim Kianna Dy, Majoy Baron, and Dawn Macandili all ended their careers on a high note as they swept graduating Bernadeth Pons and the Lady Tamaraws in two straight games to win their third straight title. Graduating libero Macandili was named Finals MVP for the first and final time in her collegiate career.  Behind their magnificent floor defense and some stellar play from Finals MVP Bryan Bagunas, the NU Bulldogs also swept three-time defending champions Ateneo Blue Eagles to reclaim a title they last enjoyed in Season 76. Espejo, a five-time UAAP MVP, had an awesome performance for the world's record books, scoring a record-55 points to force the FEU Tamaraws to a do-or-die Final Four. The Blue Eagle legend had played his last, and has since suited up for a semi-pro team in Japan's topflight volleyball league.   Alab fends off Mono Vampire to claim ABL title San Miguel-backed Alab Pilipinas were such a glorious sight to see in the eighth season of the Asean Basketball League (ABL) last March. Coached by perennial fan favorite Jimmy Alapag in his very first season, the trio of Renaldo Balkman, Justin Brownlee, and Local and Finals MVP Bobby Ray Parks to their first title in home soil. Alab faced Thailand-based Mono Vampire, who were led by Mike Singletary, towering Sam Deguara, Fil-Am Jason Brickman and Pinoy Paul Zamar. In the very same day as the coronation of the UAAP volleyball championships, Alab took home the crown in a rousing 102-92 victory in Sta. Rosa, much to the delight of the home crowd. Balkman, the league's Defensive Player of the Year led Alab in scoring with 32, while Brownlee added 24 of his own. Parks added 13 markers. The two imports played in the PBA for the Commissioner's Cup, where Balkman (San Miguel) and Brownlee (Ginebra) would face each other in the Finals.   (AP Photo/Carlos Osorio) Warriors send LeBron packing to Los Angeles The Golden St. Warriors and the Cleveland Cavaliers locked horns in the NBA Finals for the fourth straight season after the two teams were pushed to the brink in the Conference Finals. Both teams were down 3-2 and won Game 7 on the road to win their respective conferences, with both teams banking on experience to forge another bout in the championship series. Game 1 was undoubtedly the most exciting game in the series as LeBron James had an epic performance of 51 points, 8 rebounds, and 8 assists.  However, JR Smith's blunder at the end of regulation became the lasting image of that game, as he dribbled out the clock with the score tied at 107-all. The defending champions rode the surge and took the opening game, 124-114. Stephen Curry's brillant performance throughout the series was overshadowed by Kevin Durant's dagger in Game 3, a few feet away from the spot where he launched the go-ahead three in Game 3 of the 2017 NBA Finals. Durant was named as the Bill Russell Finals MVP after norming 28.8 ppg, 10.8 rpg, and 7.5 apg in the four-game sweep, demolishing the Cavs 108-85 in the series finale last June. It would also be the last game LeBron James had in a Cleveland Cavaliers uniform, as he bolted for the Los Angeles Lakers almost a month later.   (AP Photo/Martin Meissner) France rules 2018 FIFA World Cup The most-coveted title of the beautiful game returned to France after two decades. The youthful French squad celebrated their conquest soaked in a downpour in Moscow after a 4-2 victory over first-time finalist Croatia in the 2018 FIFA World Cup last July. Teenager Kylian Mbappe stood out in the French team composed of a bunch of 25 and under players. Speed, strength and youth became France’s biggest asset during the quadrennial football spectacle watched by almost 3.5 billion viewers around the world.  The 19-year-old migrant scored one of the four goals in the championship match to become the second teen to score a goal in the Finals after the legendary Pele back in 1958. France defeated Belgium in the semifinal, 1-0, while Croatia outlasted the favored Russians in penalty shootout, 4-3 (2-2). The French team also displayed diversity, with players born of migrant parents including Alphonse Areola, whose parents are both Filipinos working in France.   Pac on top, The Filipino Flash returns The most-celebrated Filipino athlete continued make the headlines this year. Manny Pacquaio stripped Lucas Matthysse of his WBA welterweight world championship belt with a seventh round technical knockout win in Kuala Lumpur, Malaysia in July. Pacquiao split with long-time trainer Freddie Roach during his build up for the Matthysse bout back in April but confirmed their partnership once again for the 40-year old boxer’s title defense against Adrien Broner next year. Nonito Donaire Jr. announced that he would be going back down to super bantamweight after a loss to Carl Frampton in April for the interim WBO Featherweight belt and would be taking part in the World Boxing Super Series' super bantamweight tournament.  Matched up in the quarterfinal round against Ryan Burnett back in November, Donaire scored what many consider an upset, winning via TKO after the Irishman suffered a back injury to snatch the WBA (Super) Bantamweight World Championship.  Up next for Donaire will be WBO Super Bantamweight World Champion Zolani Tete of South Africa in the semifinals.           Pinay power in the Asian Games   The Philippines participated in the 18th Asian Games held in Jakarta and Palembang, Indonesia that ran from August 18 to September 2. A total of 272 athletes that participated in 31 sports represented the country in the quadrennial meet with Jordan Clarkson of the Cleveland Cavaliers and medalist Margielyn Didal marching as flagbearers in the opening and closing ceremonies, respectively. Rio Olympian Hidilyn Diaz gave the PHI its first gold medal in women’s -53 kg. weightlifting. Five days after Diaz’s victory, the trio of Yuka Saso, Bianca Pagdanganan and Lois Kaye Go accounted for the women’s golf team mint. Saso also bagged the individual gold. In Palembang, Didal rolled her way into winning the women’s street skateboard gold. The celebrated men’s basketball team started out strong after routing Kazakhstan but lost by two-points to China in the group stage. The Gilas Pilipinas squad advanced in the quarterfinals but bowed down to South Korea by nine points eventually settling for a fifth spot in the classification phase after wins over Japan and Syria. The PHI finished with a 4-2-15 gold-silver-bronze haul and landed at 19th spot, three places higher that its 2014 finish in Incheon, South Korea.      Red Lions roar, Blue Eagles soar San Beda University continued its mastery over the NCAA as it annexed its third straight title and 22nd overall. The Red Lions grabbed its 11th crown in 13 years at the expense of Lyceum of the Philippines University. It was one-sided championship series – just like in their Finals meeting last year – with the San Beda ripping the Pirates apart in Game One with LPU playing sans its best player in CJ Perez, who was banned for one game after failing to notify the league of his intention to join the PBA Draft. Perez returned in Game 2 but even his presence didn’t stop the Red Lions from painting the NCAA red once again. In probably one of the most memorable UAAP season in recent years, Ateneo de Manila University won its second straight crown. Ivorian tower and Rookie of the Year 6-foot-11 Ange Kouame made an immediate impact for the Blue Eagles complementing the already stacked Ateneo squad led by Finals MVP Thirdy Ravena. But the glory of Ateneo was overshadowed by the Cinderalla story of the team it vanquished in the Finals. Climbing up from the cellar in the past years, University of the Philippines made history by making it in the Finals for the first time since winning it all in 1986. But before their championship stint, the Fighting Maroons ended a two-decade Final Four drought. UP then shocked twice-to-beat Adamson University with both games decided by game-winners. Ateneo came in the series as the title favorites but overwhelming support from a very hungry UP community and underdogs fans backed the Fighting Maroons. But in the end, it was the Blue Eagles championship experience that prevailed.       Pinoys make wave in MMA Fighters under Team Lakay flexed their muscles in One Championship. Flyweight star Geje Eustaquio opened the year with an interim championship win over former champion Kairat Akhmetov in Manila back in January. Eustaquio then defeated two-time champion Adriano Moraes in Macau last July to become the undisputed ONE Flyweight World Champion.  Joshua Pacio earned the ONE Strawweight World Championship last September after a unanimous decision win over two-time champion Japanese Yoshitaka Naito. Kevin Belingon dropped former world title challenger Andrew Leone with a now-famous spinning back kick in April. He followed it up with a dominating win over then-two division world champion Martin Nguyen to capture the ONE Interim Bantamweight World Champion. Belingon ended the five-year reign and seven-year winning streak of of long-time bantamweight king Brazilian Bibiano Fernandes in November via split decision.  Eduard Folayang outclassed Singaporean contender Amir Khan at ONE: Conquest of Champions in Manila in early December to bag the ONE Lightweight World Championship for the second time in his storied career.  BRAVE Combat Federation Bantamweight World Champion Stephen Loman successfully defended his title twice in 2018.  Reigning ONE Heavyweight World Champion Brandon Vera needed only 64 seconds to knockout hard-hitting Italian challenger Mauro Cerilli in Manila early December to remain the king of the ONE Championship heavyweight kingdom.    Petron, Creamline rule respective club leagues Creamline claimed its breakthrough championship in the Premier Volleyball League by sweeping PayMaya in the Reinforced Conference Finals series last July. Alyssa Valdez finally ended a two-year title drought with the Cool Smashers' victory. Creamline opposite hitter Michele Gumabao was named Miss Globe-Philippines during the Binibining Pilipinas 2018 last March. Gumabao represented the country in the 2018 Miss Globe in Albania last October and won the Miss Social Media and Dream Girl awards while landing a spot in the Top 15.     The Cool Smashers completed a sweep of the PVL’s Season 2 after claiming the Open Conference crown at the expense of Ateneo-Motolite via an emphatic series sweep this month. In the Philippine Superliga, Petron reigned supreme in the Grand Prix after taking down archrival F2 Logistics last May. Petron extended its supremacy in the sands after the tandem of Sisi Rondina and Bernadethn Pons defeated Dhannylaine Demontano and Jackielyn Estoquia of Sta. Lucia in the Challenge Cup final last May. The Cargo Movers got its revenge in the Invitational Cup, toppling the Blaze Spikers in a series sweep last July. Petron wrapped the year with the All-Filipino Conference in its pocket. The Blaze Spikers won its first 14 games before dropping Game 2 of the Finals. Petron swept F2 Logistics in Game 3......»»

Category: sportsSource:  abscbnRelated NewsDec 30th, 2018

& lsquo;Remittances from OFWs to exceed $31 billion& rsquo;

& lsquo;Remittances from OFWs to exceed $31 billion& rsquo;.....»»

Category: newsSource:  thestandardRelated NewsDec 26th, 2018

PH’s 2018 dollar outflow blows through BSP’s worst-case forecast

  The amount of dollars spent by the Philippines will outstrip its total dollars earnings by a significantly higher gap this year than government planners' already pessimistic projections, the latest data from the Bangko Sentral ng Pilipinas revealed on Friday.   In a press briefing, BSP officials said that they expect the country's balance of payments ---the aggregate net value of all transactions between the local economy and the rest of the world---to end 2018 at a deficit of $5.5 billion.   This marks a 266-percent increase in the expected net dollar outflows from the $1.5-billion yearend deficit the central bank projected just six months ago which was, ...Keep on reading: PH’s 2018 dollar outflow blows through BSP’s worst-case forecast.....»»

Category: newsSource:  inquirerRelated NewsDec 15th, 2018

PH’s 2018 dollar outflows blow through BSP’s worst-case forecasts

        The amount of dollars spent by the Philippines will outstrip its total dollars earnings by a significantly higher gap this year than government planners' already pessimistic projections, according to the latest data from the Bangko Sentral ng Pilipinas (BSP) revealed on Friday.   In a press briefing, BSP officials revealed that they expect the country's balance of payments --- the aggregate net value of all transactions between the local economy and the rest of the world --- to end 2018 at a deficit of $5.5 billion.   This marks a 266-percent increase in the expected net dollar outflows from the $1.5-billion yearend defici...Keep on reading: PH’s 2018 dollar outflows blow through BSP’s worst-case forecasts.....»»

Category: newsSource:  inquirerRelated NewsDec 14th, 2018

Disney again makes history with takings above $7B for 2018 | The Manila Times Online

LOS ANGELES: Walt Disney Studios is again ending the year on a high note, posting more than $7 billion in global box office earnings, thanks to hits such as BlackREAD The post Disney again makes histo.....»»

Category: newsSource:  manilanewsRelated NewsDec 11th, 2018

Disney again makes history with takings above $7B for 2018

Walt Disney Studios is again ending the year on a high note, posting more than $7 billion in global box office earnings, thanks to hits such as "Black Panther" and "Avengers: Infinity War". "This is only the second time in history any studio has surpassed the $7 billion mark, after Disney's own industry-record 2016 global gross of $7.6 billion," the company said in a statement on Monday. "The Studios' estimated international box office gross through December 9 is an estimated $4.069 billion, marking our second biggest year and the third biggest in industry history," it added. Disney's success comes as the studio is set to release "Mary Poppins Returns" on Dec. 19, ...Keep on reading: Disney again makes history with takings above $7B for 2018.....»»

Category: newsSource:  inquirerRelated NewsDec 11th, 2018

Disney again makes history with takings above $7B for 2018

LOS ANGELES: Walt Disney Studios is again ending the year on a high note, posting more than $7 billion in global box office earnings, thanks to hits such as “Black…READ The post Disney again makes history with takings above $7B for 2018 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 11th, 2018

Disney again makes history with takings above $7 billion for 2018

LOS ANGELES, USA – Walt Disney Studios is again ending the year on a high note, posting more than $7 billion in global box office earnings, thanks to hits such as Black Panther and Avengers: Infinity War. "This is only the second time in history any studio ........»»

Category: newsSource:  rapplerRelated NewsDec 11th, 2018

Rockwell board approves capex funding plan from earnings

ROCKWELL Land Corp. said its board approved on Friday the appropriation of P7 billion of the company’s retained earnings of P12.1 billion for capital expenditure covering the period 2019 to 2021......»»

Category: newsSource:  bworldonlineRelated NewsDec 7th, 2018

10-month budget gap surged 87% to P438.1 billion

10-month budget gap surged 87% to P438.1 billion.....»»

Category: financeSource:  thestandardRelated NewsNov 26th, 2018

Imelda Marcos’ bail is 0.001% of earnings from illegal Swiss orgs

The prosecutor of the case against Imelda Marcos at the Sandiganbayan estimated that she earned P10.5 billion from the illegal schemes. The post Imelda Marcos’ bail is 0.001% of earnings from illegal Swiss orgs appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsNov 20th, 2018