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Wider margins, lower loan provisions boost PNB profit
Wider margins and lower provisioning for potential loan losses helped boost the profit of Philippine National Bank by 55 percent to P17.97 billion in 2023......»»
Philippines struggles to lower rice price despite ample supply
MANILA, Feb. 16 (Xinhua) -- The Philippines continues to struggle to lower the price of rice despite an ample supply of the national staple, a Philippine agriculture official said Friday. Agriculture Undersecretary Roger Navarro said the Philippines has enough rice supply due to a bumper harvest last year and additional importation in January. "But it's difficult to reduce prices since the cost of the gra.....»»
Philippines struggles to lower rice price despite ample supply
MANILA, Feb. 16 (Xinhua) -- The Philippines continues to struggle to lower the price of rice despite an ample supply of the national staple, a Philippine agriculture official said Friday. Agriculture Undersecretary Roger Navarro said the Philippines has enough rice supply due to a bumper harvest last year and additional importation in January. "But it's difficult to reduce prices since the cost of the gra.....»»
Government OKs higher 60,000 MT potato imports at lower tariff
The Philippines has allowed the entry of more imported potatoes used for making chips and french fries at a lower tariff to meet the growing demand for the raw material by local snack manufacturers......»»
Salt Substitutes Lower Risk of High Blood Pressure by 40% – The Daily Guardian
New Study Finds Salt Substitutes Can Lower the Risk of High Blood Pressure Excessive salt consumption has long been recognized as a major risk factor.....»»
Power rates down by P0.37/kWh for Feb-Mar billing
High on love but low on power rates! Valentine’s Day for residential consumers of Visayan Electric is expected to be sweeter as electricity rates for the billing month of February-March will be P0.37/kWh lower compared to last month. This decrease, bringing the total rate down from last month’s P11.62/kWh to P11.25/kWh, is attributed to lower.....»»
NBA: Minnesota takes down Dallas to avoid sweep
DALLAS— Karl-Anthony Towns scored 20 of his 25 points in the second half and the Minnesota Timberwolves held off the Dallas Mavericks 105-100 on Tuesday night (Wednesday morning, May 29, Philippine time) to avoid a sweep in the Western Conference finals. Anthony Edwards had 29 points, 10 rebounds and nine assists as the Wolves stayed.....»»
Genre-defining slasher Texas Chainsaw Massacre turns 50
It's celebrating its 50th anniversary this year, a half-century in which it has been the benchmark for a subgenre of horror — the slasher movie......»»
‘Early rate cut to boost economy’
Interest rate cuts in the second half will likely boost economic and investment activity in the Philippines, providing some relief to borrowers who have been bearing the weight of restrictive monetary policy, according to ING Bank......»»
487,000 affected by power interruptions – Meralco
Almost half a million residents suffered power interruptions last Thursday due to power supply deficiency in the Luzon grid, according to the Manila Electric Co......»»
LBC back in the red on higher debt payments
Courier giant LBC Express Holdings Inc. sank in the red in the first quarter as it paid loans acquired in the latter half of 2023 and took on new debts to fund capital expenditures......»»
Edwards leads Wolves back from 20-point deficit for 98-90 win over defending NBA champion Nuggets
DENVER (AP) — Anthony Edwards overcame a slow start and the Timberwolves roared back from a 20-point second-half deficit to eliminate the reigning NBA champion Denver Nuggets 98-90 in a Game 7 Minnesota masterpiece on Sunday night. The Timberwolves overcame a 15-point halftime deficit — the largest comeback in a Game 7 in NBA playoff.....»»
AEBC 7th Corporate Cup quarterfinals officially set
CEBU CITY, Philippines — EGS mounted a second-half comeback to clinch a hard-earned 65-61 victory against Phelps Dodge at the end of the elimination round of the Architects and Engineers Basketball Club (AEBC) 7th Corporate Cup on Saturday, May 18, at the University of San Carlos (USC) Main Campus gymnasium. With the victory, EGS clinched.....»»
Beermen flatten, eliminate Dyip
The San Miguel Beermen exploded in the second half and showed the Terrafirma Dyip the end of the road in the PBA Philippine Cup with a 110-91 demolition Wednesday at the Ninoy Aquino Stadium in Manila......»»
Higher rates force government to cut down T-bond award
The government barely raised half of its target long-term securities yesterday as rates picked up, allowing it to borrow only P11.5 billion from the debt market......»»
Moody’s: BSP rate cut could start in August
The Bangko Sentral ng Pilipinas could cut borrowing costs by 25 basis points as early as August, and another 25 bps in the fourth quarter, if inflation and the peso stabilize in the second half of the year, Moody’s Analytics said......»»
Monde Nissin earns 53 percent more in 3 months
Core earnings of snack food giant Monde Nissin Corp. grew by more than half in the first quarter due to a record performance of its Asia-Pacific branded food and beverage (APAC BFB) business......»»
Knicks repel Pacers for 2-0 lead
The hobbled New York Knicks have taken a commanding 2-0 lead in their best-of-seven Eastern Conference semifinals matchup after pulling away in the second half against the Indiana Pacers, 130-121, at Madison Square Garden Thursday morning (Manila time)......»»
PAGASA on severe heat: Worst is over
The worst is over in terms of the record-high temperatures and searing heat, with many areas in the country possibly experiencing thunderstorms in the second half of May, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration.....»»
The Beatle who never was
It was supposed to be the usual one and a half-hour, hop-on, hop-off ride on a double-deck bus taking tourists around this English port city. The itinerary included stops at Penny Lane and Strawberry Fields, two subjects of Beatles songs with pass-throughs of the homes where John Lennon and Paul McCartney grew up......»»