Advertisements


JG Summit appoints Lance Gokongwei as CEO

The management changes in JG Summit Holdings, Inc. continue after the Gokongweis appointed the first non-family member to head its food and beverage unit. In a disclosure to the stock exchange on Thursday, April 26, JG Summit has appointed its President Lance Y. Gokongwei as the company’s chief executive officer, a position previously held by […] The post JG Summit appoints Lance Gokongwei as CEO appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

IMI Q1 earnings dragged down by Shenzhen relocation

Integrated Micro-Electronics, Inc. (IMI) saw its attributable profit decrease by 36% in the first quarter of 2018 amid a double-digit topline growth, dragged by the one-off expense due to its Shenzhen relocation. In a disclosure to the stock exchange Thursday, April 26, the Ayala-led electronics manufacturer reported a net income attributable to the parent of […] The post IMI Q1 earnings dragged down by Shenzhen relocation appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

Calmar Land to enter into socialized housing

After serving the middle income and economic housing segments over the past 25 years, South Luzon property developer Calmar Land Development Corp. (CLDC) is now preparing to venture into socialized housing, a move that will let it address the housing backlog in the Philippines. — Arra B. Francia The post Calmar Land to enter into socialized housing appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

Japanese ship arrives in Manila for three-day visit

Japanese Ship (JS) Osumi (LST-4001) of the Japan Maritime Self-Defense Force (JMSDF) arrived in Manila on April 26 for a three-day goodwill visit. JS Osumi will bring to the Philippine shores more or less 140 officers led by Commander of Landing Ship Division One Captain Tomonori Kobayashi and commanding officer Captain Yuji Horikawa. — Minde […] The post Japanese ship arrives in Manila for three-day visit appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

Kuwaiti government wants PHL ambassador out — DFA

The Department of Foreign Affairs (DFA) confirmed reports that the Kuwaiti government has expelled Philippine Ambassador Renato O. Villa from the Arab state, saying it would seek an explanation from the Kuwaiti Ambassador regarding the country’s actions. “The action taken by the Kuwaiti Government is deeply disturbing as it is inconsistent with the assurances given […] The post Kuwaiti government wants PHL ambassador out — DFA appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

Senate lists bills to tackle when session resumes May 15

Senate Majority Leader Vicente C. Sotto III on Thursday, April 26, identified 24 bills which the Senate aims to pass on third and final reading once it resumes session on May 15. In a copy given to the media, the proposed measure included the following: • Senate Bill No. 1532 or the proposed Innovative Startup […] The post Senate lists bills to tackle when session resumes May 15 appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

US embassy holds seminar on drug abuse treatment

Amid the Duterte administration’s campaign against illegal drugs, the US Embassy in Manila hosted a 10-day with 30 representatives of the Philippine National Police, Philippine Drug Enforcement Agency, and select universities which aim to educate on drug treatment and rehabilitation. The session introduced the delegates to the “globally recognized standard for drug abuse treatment,” Universal […] The post US embassy holds seminar on drug abuse treatment appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

Now Corp’s strong revenue growth fuels profit surge

NOW Corp.’s profit in 2017 surged on the back of higher revenues from software licenses and services and broadband services. In a disclosure to the stock exchange, the company’s net income grew 152% to P6.29 million in 2017 from P2.5 million in 2016. Its consolidated revenue for the year 2017 is P148.97 million, 41.29% higher […] The post Now Corp’s strong revenue growth fuels profit surge appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

Asia stocks supported by Wall St, but China drags

TOKYO — Asian stocks were supported on Thursday by robust corporate earnings that helped Wall Street quell concerns about the surge in U.S. bond yields. However, sagging Chinese shares limited the upside potential of the market. Spreadbetters expected European stocks to open higher off the back of firm U.S. stocks, pointing to a rise in […] The post Asia stocks supported by Wall St, but China drags appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

Stocks rebound as worries on rising interest rates subside

Local shares climbed on Thursday, April 26, sending in positive territory for the first time this week as concerns on rising interest rates momentarily settled. The bellwether Philippine Stock Exchange index (PSEi) gained 0.79% or 59.51 points to close at 7,617.42, reversing early day losses that saw the market sink further down the 7,500 mark. […] The post Stocks rebound as worries on rising interest rates subside appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

Peso firms up on profit-taking

By Karl Angelo N. Vidal, Reporter The peso rebounded against the dollar on Thursday, April 26, as investors took profits from the recent rally of the greenback. The local currency closed at P52.15 against the greenback on Thursday, 16 centavos stronger than the P52.31-per-dollar finish on Wednesday. The peso traded stronger the whole day, opening the […] The post Peso firms up on profit-taking appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

Military condemns burning of road equipment by NPA in Capiz

The 3rd Infantry Division (3ID) condemned the torching of a heavy equipment by members of the New People’s Army (NPA) in Dumalag, Capiz last Tuesday, April 24. In a statement, 3ID commander Brigadier General Dinoh Dolina said: “Burning of a roller compactor used for rehabilitation of the roads on the said barangay is a clear […] The post Military condemns burning of road equipment by NPA in Capiz appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

Supreme Court releases results of 2017 Bar exam

The Supreme Court (SC) announced on Thursday that 1,724 examinees out of 6,748 passed the 2017 Bar Examinations, with provincial graduates filling up the top ranks. University of St. La Salle graduate Mark John H. Simondo topped the exams with an over-all rating of 91.0500%. Christianne Mae C. Balili and Ivanne D’laureil I. Hisoler from […] The post Supreme Court releases results of 2017 Bar exam appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

PHL shares climb as interest rate concerns ease

LOCAL SHARES climbed on Thursday, ending in positive territory for the first time this week as concerns on rising interest rates momentarily settled. The bellwether Philippine Stock Exchange index (PSEi) gained 0.78% or 59.51 points to close at 7,617.42, reversing early day losses that saw the market sink further down the 7,500 mark. The broader […] The post PHL shares climb as interest rate concerns ease appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

Peso rebounds on profit taking

THE PESO rebounded against the dollar on Thursday as investors took profits from the recent rally of the greenback. The local currency closed at P52.15 against the greenback on Thursday, 16 centavos stronger than the P52.31-per-dollar finish on Wednesday. The peso traded stronger the whole day, opening the session at P52.25. It dropped to as […] The post Peso rebounds on profit taking appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

FROM THE ARCHIVES: Boracay resorts brace for less tourist arrivals (1997)

[Published on BusinessWorld, June 24, 1997] The Philippine Tourism Authority (PTA) Region 6 director Edwin G. Trompeta recently warned of a decline in visitor arrivals in Boracay Island due to cancellation of tours. In a report to Department of Environment and Natural Resources (DENR) Region 6 director Raoul T. Geollogue, Mr. Trompeta attributed this development […] The post FROM THE ARCHIVES: Boracay resorts brace for less tourist arrivals (1997) appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

FROM THE ARCHIVES: Resorts lost P6.5M due to Boracay row (1997)

[Published on BusinessWorld, August 7, 1997] By Eduardo L. Jalbuna ILOILO — Boracay resort operators had incurred losses amounting to P6.5 million as a result of reports of unsafe water in and around the island. In a report dated last July 25 to Tourism Secretary Mina Gabor, Department of Tourism Region 6 director Edwin Trompeta […] The post FROM THE ARCHIVES: Resorts lost P6.5M due to Boracay row (1997) appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

FROM THE ARCHIVES: Boracay developers not worried over contamination controversy (1997)

[BusinessWorld, The Provinces, July 2, 1997] By Annie Ruth C. Sabangan The three biggest property developers on Boracay Island said they are not threatened by the publicized report of the Department of Environment and Natural Resources (DENR) that documents high contamination by coliform bacteria of waters of the island. Noel M. Carino, chairman of Fil-Estate […] The post FROM THE ARCHIVES: Boracay developers not worried over contamination controversy (1997) appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

FROM THE ARCHIVES: Boracay resorts face endless problems (1998)

[BusinessWorld, The Provinces, June 19, 1998] By Eduardo L. Jalbuna ILOILO CITY – The famed island of Boracay may have survived the coliform contamination controversy last year, but the nearly year-old financial crisis buffeting Asia-Pacific economies is adversely affecting resorts’s drive to transform the island into a prime tourist destination in Asia. Boracay island off the […] The post FROM THE ARCHIVES: Boracay resorts face endless problems (1998) appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News

None call

Victor Oladipo was incensed in his post-mortem yesterday, and with reason. He had the ball in his hands to cap the Pacers’ final possession of the match, and he knew he did the most of it; from top of the key, he faked right, caught LeBron James, who had been defending him following a pick, […] The post None call appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 40 min. ago Related News