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Car sales sank 40% to 276,232 in 2020

Vehicle sales fell 39.6 percent in 2020 from a year ago because of the impact of the quarantine restrictions imposed by the government to contain the spread of the coronavirus pandemic......»»

Category: lifestyleSource: abscbn abscbnJan 15th, 2021

Meralco& rsquo;s core income fell 9% to P21.7 billion in 2020

Electricity retailer Manila Electric Co. said Monday consolidated core net income declined 9 percent in 2020 to P21.7 billion year from P23.8 billion in 2019 following a 7-percent drop in sales amid the impact of the coronavirus pandemic......»»

Category: financeSource:  thestandardRelated NewsMar 2nd, 2021

Philippine vehicle output, sales lag in ASEAN

The Philippines ended 2020 with a double-digit decline in motor vehicle production and sales on subdued demand due to the health crisis......»»

Category: financeSource:  philstarRelated NewsFeb 16th, 2021

SM Prime& rsquo;s profit dips to P18b as mall sales fall 60%

Property developer SM Prime Holdings Inc. said Monday consolidated net income fell 43.4 percent in 2020 to P18 billion from P31.8 billion in 2019 as its mall business was severely affected by the pandemic......»»

Category: financeSource:  thestandardRelated NewsFeb 15th, 2021

LG announces highest 4Q sales, operating profit

LG Electronics Inc. announced a strong year with 2020 revenues of KRW 63.26 trillion ($56.45 billion) and record-setting operating profit of KRW 3.20 trillion ($2.85 billion), an increase of 31.1 percent over 2019, driven primarily by higher sales of premium home appliances and OLED TVs as well as strong growth in vehicle component solutions......»»

Category: techSource:  thestandardRelated NewsFeb 4th, 2021

Economy sank 9.6% in 2020, says IMF

The International Monetary Fund said Tuesday it expects the Philippine economy to rebound 6.6 percent this year, after sinking by an estimated 9.6 percent in 2020 because of the prolonged global impact of the COVID-19 pandemic......»»

Category: financeSource:  thestandardRelated NewsJan 27th, 2021

Wall Street dials back from records despite good earnings

NEW YORK, United States — Wall Street indices retreated from records on Tuesday, as traders took a pause despite major US companies reporting good earnings at the end of 2020. Health care and industrial goods manufacturer 3M, which makes N95 face masks that protect against Covid-19, reported higher four-quarter profits and saw sales growing into this […] The post Wall Street dials back from records despite good earnings appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJan 27th, 2021

ASEAN auto sales fell 32% to 2.14m units in 11 months

Automotive sales in the Association of Southeast Asian Nations dropped 32 percent in the first 11 months of 2020 to 2.14 million units from 3.14 million units in the same period in 2019, with the Philippines significantly contributing to the decline, data from the ASEAN Automotive Federation show......»»

Category: sportsSource:  abscbnRelated NewsJan 26th, 2021

Car, motorcycle production down from January to November 2020

Motor vehicle and motorcycle production, as well as sales in the Philippines, recorded a double-digit drop from January to November last year compared to a year ago on continued weak market demand due to the pandemic......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2021

CLI reservation sales rise 12.4% in 2020

Cebu Landmasters Inc. posted strong growth in reservation sales last year, bucking the industry trend......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2021

PH office space sales fell 70% in 2020 & mdash; Leechiu

Leechiu Property Consultants Inc. said Thursday the office market will continue to be a relevant segment of the real estate sector in 2021, as the economy begins to recover from the pandemic......»»

Category: lifestyleSource:  abscbnRelated NewsJan 8th, 2021

General Motors, Toyota register strong US sales

New York---General Motors and Toyota reported strong US sales at the end of 2020 on Tuesday, reflecting surprisingly robust consumer demand that mitigated the sales drop for the full year in the wake of COVID-19......»»

Category: financeSource:  thestandardRelated NewsJan 7th, 2021

US consumer confidence, home sales drop amid virus surge

US consumer confidence sank in December amid a resurgence of Covid-19, while home sales in November dropped for the first time in six months, according to private data released Tuesday......»»

Category: newsSource:  thestandardRelated NewsDec 23rd, 2020

vivo remains a top smartphone brand throughout the pandemic year

The global smartphone market saw a sharp decline of shipments in 2020 due to the pandemic. Even with the 14% 1 decline on the volume of handset shipments during the first half of the year, vivo remained aggressive on digital innovations to emerge with consistent sales growth throughout the year......»»

Category: techSource:  thestandardRelated NewsDec 17th, 2020

Black Friday 2020: AirPods Pro Reach Lower Price Ever $ 169 [Updated]

Black Friday has closed this week, and one of the first major sales for the AirPod Pro is available at Walmart right now. You........»»

Category: sportsSource:  abscbnRelated NewsNov 26th, 2020

Nine-month vehicle sales down by 43%

Vehicle sales increased 2 percent to 25,023 units in October 2020 from 24,523 units sold in September, the Chamber of Automotive Manufacturers of the Philippines Inc. and the Truck Manufacturers Association said in a joint report Monday......»»

Category: financeSource:  thestandardRelated NewsNov 17th, 2020

Protesting Trump supporters reject results, allege conspiracy

While the streets of many American cities erupted in joy Saturday at the news of Joe Biden’s victory in the presidential election, hardcore Donald Trump supporters refused to accept the result, alleging fraud and conspiracy. Trump supporters protested in Phoenix, Arizona and other American cities on November 7, 2020 after Joe Biden was elected US president (AFP/ MANILA BULLETIN) In cities including Phoenix, Philadelphia and Atlanta, the outgoing president’s loyalists gathered under the slogan of #StopTheSteal, repeating Trump’s unfounded allegations that Biden’s win was based on cheating. They wore red Trump hats, held signs reading “Stop The Steal” and waved American flags or Trump banners bearing the slogan: “Keep America Great.” The scenes were familiar to anyone who has attended or tuned in to a Trump rally. Hundreds gathered in front of the Arizona state capitol building in Phoenix, Arizona, some with their dogs dressed in Trump shirts. “I think they’re way too early,” said Donna McCollum, a retired 77-year-old who said she can trace her family history back to the American revolution. “The electoral college is the one to decide. And that has not been decided just yet. And there’s a lot of fraud here. It needs to be either redone totally or recounted.” She added: “Look at these people out here. There’s no way Biden won Arizona.” Two news organizations have projected Biden as the winner in Arizona, but others have been more cautious with the vote totals close and counting continuing. But either way, Biden has already obtained more than enough electoral votes to win, according to US media projections based on vote counts. – ‘Ground zero for cheating’ – Pennsylvania and its 20 electoral votes was the state that put him over the 270 needed for victory, and Trump supporters there also baselessly alleged fraud, following the lead of the outgoing president. In Philadelphia, the biggest city in Pennsylvania, around 40 Trump supporters were outside a convention center where counting had been underway, blasting hard rock and staples of Trump rallies like “YMCA” and “God Bless the USA.” Nearby Biden supporters were happily dancing to the same music. “This is ground zero for cheating in this election. I thought it was important to be here,” said Steve Padgett, a 57-year-old who works in sales. Sophia Rotunno, a 52-year-old administrative worker, said: “I have faith that our President Donald Trump did win a fair election.” “But the Democrats are not allowing a fair election to be had,” she said, falsely. “So I feel it has to go to the courts.” Despite his loss, Trump inspired a fervent, loyal following among many in the United States as he shattered norms with his bombastic populism. But there was also a darker side to some of his support that Trump could at times encourage by retweeting conspiracy theories and declining to forcefully condemn white supremacy. With the election occurring at a fevered time that has seen waves of protests over the police killing of minorities and Trump often inflaming tensions, there had been fears of election-related violence in some cities. But those fears have not been realized, and many supporters from both sides on Saturday appeared intent on keeping the peace. – ‘Too much smoke’ – On Saturday afternoon, a group of Biden supporters in Atlanta were armed — which is legal in Georgia — as they stood across from a pro-Trump protest, but there had been no violence. Trump supporters have regularly shown up at rallies armed, but guns could not be seen among Saturday’s pro-Trump crowd in Atlanta. “There’s too much smoke and some fire in a lot of places,” said Huff Croxton, a 51-year-old who wore an American flag as a cape, referring to groundless allegations of electoral fraud. “I want to see all this settled out and let’s see at the end who wins. And if Biden wins fair and square, then I’ll jump on board with the media.” In Phoenix, Shannon Morris, a 51-year-old trauma recovery life coach, said she would “fight” for Trump, but in a “peaceful way.” “I think that Trump fought for our country, and I’m going to fight for him,” she said. “Not in an inappropriate way, in a peaceful way, in a good way, in an honest way. I want my voice heard. It’s wrong to win elections by fraud.”.....»»

Category: newsSource:  mb.com.phRelated NewsNov 8th, 2020

Millions more face English virus restrictions as cases spiral

Millions more people in northern England face stricter coronavirus rules next week, officials said Friday, as reports suggested the government is considering a nationwide lockdown. A digital display shows NHS health advice on the coronavirus in Leeds on October 30, 2020. – West Yorkshire is to be placed under tier three Covid restrictions from November 2, 2020, the strictest level of rules. (Photo by Lindsey Parnaby / AFP) From Monday, nearly 2.4 million residents in five districts of West Yorkshire, including in the city of Leeds, will be barred from socialising with other households indoors. Pubs and bars not serving “substantial meals” must close, alongside casinos and betting shops, while people have also been told to avoid unnecessary travel. The Department of Health said the measures were needed as infection rates in West Yorkshire were among the highest in the country and rising rapidly. The Times reported Friday that Prime Minister Boris Johnson was considering a return to a national lockdown to battle the surge. Johnson was expected to hold a press conference on Monday to announce new restrictions, which would close everything except “essential shops”, schools and universities, the paper said, quoting a government source. In its weekly study of Covid-19 prevalence, the Office for National Statistics (ONS) said the number of people with the virus had increased to around one in 100 nationwide. “There has been growth in all age groups over the past two weeks; older teenagers and young adults continue to have the highest current rates while rates appear to be steeply increasing among secondary school children,” it said. The country’s official science advisory panel warned in a report published Friday that the virus was spreading “significantly” faster and that hospitalisations were rising at a higher rate through England than its predicted “worst-case” scenario drawn up in July. The report said that in mid-October, shortly before new local rules were introduced, around four times as many people were catching Covid than anticipated in the July report. That study warned that 85,000 more people could die during the winter wave. West Yorkshire’s imminent restrictions are the latest step in the UK government’s localised response to the surging transmission, which has come under increasing scrutiny in recent weeks. More than 11 million people — about a fifth of England’s population — will be under the tightest measures from next week. Most of the areas in the “very high” category of the government’s three-tier Covid alert system are in northern and central parts of the country. Nottingham became the latest city to enter the highest tier Friday. On Thursday night, young people took to the streets in fancy dress and drank in large groups before a ban on alcohol sales in shops came into force at 2100 GMT. – ‘Targeted’ – The pandemic has hit Britain harder than any other country in Europe, with more than 45,000 people having died within 28 days of testing positive. Case rates are spiralling again after a lull, tracking the situation elsewhere on the continent. England is seeing nearly 52,000 new cases daily, a 47 percent weekly rise, according to the ONS, which conducts its analysis of households with the help of several universities and health bodies, and excludes people in hospitals and care homes.  Britain’s European neighbours and the devolved governments in Scotland, Wales and Northern Ireland have reimposed partial lockdowns to try to cut infection rates. Foreign Secretary Dominic Raab said Friday the government would continue its “targeted and focused” strategy of local restrictions in virus hotspots. “The arbitrariness of a blanket approach would be far worse than the effects of trying to be as targeted as possible,” he said. Meanwhile, a new study reported Friday that a Covid-19 variant originating in Spanish farm workers has spread rapidly throughout Europe in recent months and now accounts for most cases in Britain. The variant — called 20A.EU1 — is thought to have been spread from northeastern Spain by people returning from holidays there, according to the study, which is awaiting peer review in a medical journal. There is currently no evidence that the strain spreads faster or impacts illness severity and immunity......»»

Category: newsSource:  inquirerRelated NewsOct 31st, 2020

Davao’s Malagos Chocolate wins 4 golds, 1 bronze in online int’l tilt

DAVAO CITY (MindaNews / 30 October) — Davao City-based Malagos Chocolate bagged four golds and one bronze at the 2020 World Drinking Chocolate Competition, Rex Victor P. Puentespina, sales and marketing director of Malagos Agri Venture Corp. said. In an email Thursday, Puentespina said Malagos won gold for its Malagos 100% Premium Unsweetened Chocolate in […].....»»

Category: newsSource:  mindanewsRelated NewsOct 31st, 2020

Coke PH expands Balik Pinas program for repatriated OFWs

Coca-Cola Beverages Philippines, Inc. (CCBPI)—the bottling arm of Coca-Cola in the country—has expanded its Balik Pinas program to national scale to reach more repatriated overseas Filipino workers (OFWs) and help them start their own business at home. Gareth McGeown, CCBPI President and CEO. “Coca-Cola’s commitment to Filipinos has only grown stronger, in weathering this crisis together,” said Gareth McGeown, CCBPI President and CEO. “We will help and support where we can. Through Balik Pinas, our goal is to help repatriated OFWs who have lost their livelihood abroad to start anew, via owning and operating their own business and be successful here, at home, with their families.” With the help of the Department of Labor and Employment (DOLE), CCBPI aims to reach more OFWs who are interested to start their own business through Balik Pinas. Data from the Department of Foreign Affairs show that as of September 2020, over 190,000 overseas Filipino workers have been repatriated. Balik Pinas gives opportunities to OFWs to be part of the Coca-Cola family as a distributor, wholesaler, or a community reseller. Balik Pinas is a journey that the company and new entrepreneurs take together at every step—from setting up the business, to sustaining it, to ensuring growth. Coca-Cola assists former OFWs in choosing a suitable business model for their area, helps in managing their cash flow and inventory, and sees to it that they are given proper guidance and training until they are fully ready and equipped to operate on their own—all in all, a sustainable and profitable business founded on practical support from a global beverage brand. According to Carlos Rivera, CCBPI Territory Sales Team in Naga City, the Balik Pinas Program started as a small-scale initiative in Naga City to help former OFWs. Just a couple of months after returning home, Carlos Manzano and his family was able to set up their business as Coca-Cola distributor through the Balik Pinas Program, which Carlos said has reshaped his life and outlook forever. IN PHOTO: Carlos and their family’s multi-cab routing unit with the Coca-Cola Naga Sales team. When the program’s pilot rollout started, the Manzanos—brothers Carlos and Jazz, and their father Lito—were among the pioneer members. Carlos and Jazz had both been working for several years in Qatar until the COVID-19 pandemic shook the trajectory of their career and, consequently, the well-being of their families. Together with their father, Lito, who also used to be an overseas worker, they set up a beverage distribution business in their hometown Naga City. Their optimism, as with any new business venture, was tempered with anxiety over how it would all turn out—especially with the considerable challenge of launching during such tenuous times until Rivera offered them membership to the Balik Pinas Program of Coca-Cola. Now, the Manzanos are running a profitable business as Coca-Cola distributors. “Even when I had to leave Qatar suddenly because of the lay-offs, I always envisioned that I would head back to work there when things settle. But with Coca-Cola’s Balik Pinas, I have a livelihood that doesn’t take me away from my family as being an OFW had,” said Carlos.  Lito can still remember his first order of 60 cases of Coke products. Now, the Manzano  family business has grown to an average of 4,000 cases a month, just five months after they started—a feat magnified for it being in the middle of a pandemic and strict quarantine measures. The Manzanos have also since invested in routing units to augment their business’s capabilities—a multicab and a tricycle. Since starting his business in 2019, Billy Belleza (left), is now one of the prominent Coca-Cola distributors in his area and has added another mini truck to serve more routes and deliveries. Billy is one of the pioneers of Coca-Cola’s Balik Pinas program. Another Balik Pinas program pioneer member is Billy Belleza who decided to return to the country after working for 20 years in Brunei. “I am really thankful that Coca-Cola reached out to me to be a part of this. They have never failed to present opportunities for me and my business to grow since I decided to take part in the Balik Pinas Program. My sales actually soared this year,” said Belleza, who is also based in Naga City. According to Rivera, Balik Pinas Program was really designed for returning OFWs like Billy, Carlos, and Jazz and their families to set up and run a viable business at home. “With their success and in light of current events, this program was expanded to operate on a national scale, so the company can lend assistance to repatriated OFWs and their families as they weather through new challenges brought on by the pandemic,” Rivera said. Coca-Cola has consistently sought to create programs to support MSMEs, more so now with the COVID-19 pandemic having disrupted countless lives and livelihoods. With programs like Balik Pinas, Coca-Cola remains firm in their commitment to help local communities, contributing to the restart of the national economy—by way of reaching out to Filipinos.  To know more about the program, you may reach Coca-Cola’s contact center at (02)-8813-COKE (2653). For SMART/PLDT users: toll-free number: 1800-1888-COKE (2653); and for GLOBE users: toll-free number: 1800-8888-COKE (2653). You may also contact 0919-160-COKE (2653) via SMS......»»

Category: lifestyleSource:  abscbnRelated NewsOct 24th, 2020

Pawod

Nipa workers load a truck with “pawod” (nipa shingles) in Barangay Lobogon in Del Carmen town, Siargao Island on Friday afternoon, October 24, 2020. Demand for nipa roofing has increased due to the rainy season but it is not enough to make up for their losses due to COVID-19. Nipa sales at 10 pesos a […].....»»

Category: newsSource:  mindanewsRelated NewsOct 24th, 2020