Nestle, Danone see price hikes slowing after years of sharp increases
LONDON/PARIS (Reuters) -Two of the world’s top consumer goods companies, Danone and Nestle, said on Thursday they will slow price increases in 2024 after two years of hikes that prompted many shoppers to seek cheaper alternatives for basic goods like yoghurt and coffee. But Danone, which owns brands including Evian and Badoit waters and Activia.....»»
Super Micro Enters S& P 500 After Stock Price Surge of Over 20-Fold in Two Years
Super Micro Computer Inc. has reached a major milestone as it joins the prestigious S&P 500 index after a remarkable surge in its stock price......»»
ICTSI to build $800 million terminal in Batangas
International Container Terminal Services Inc., the listed ports giant led by tycoon Enrique Razon, has no desire of slowing down its domestic expansion, as it will invest $800 million to build a container terminal in Batangas......»»
PLDT buys 35% of Meralco unit
Telco giant PLDT Inc. is showing no signs of slowing down its broadband expansion, this time investing P2.12 billion to acquire more than a third of shares in a sister subsidiary......»»
FDI inflow down 17.5% in 10 months
The net inflow of foreign direct investments fell by 17.5 percent from January to October 2023, reflecting the adverse impact of persistent inflationary pressures and slowing global growth prospects on investor sentiment......»»
OceanaGold IPO price set
OceanaGold Inc. , the operator of Didipio gold and copper mine in Nueva Vizcaya, pegged its initial public offering price at P13.33 per share, more than a fifth lower than its earlier announced maximum price of P17.28 per share......»»
DA, DTI urged to enforce stricter price monitoring during Holy Week
A lawmaker has called on the Department of Agriculture and the Department of Trade and Industry to keep an eye on possible price surges during the Holy Week and set suggested retail price on basic commodities......»»
Fuel price cut expected this week
Fuel prices are expected to decrease slightly again following a minimal downward price adjustment previously, according to industry sources. In an advisory over the weekend, Unioil said the price of diesel might go down by 20 to 30 centavos per liter and gasoline by 30 to 50 centavos per liter. ALSO READ: Fuel prices rise.....»»
On wage increases and the long game
This week will see the continued deliberations in the House about the P100 wage increase that was recently given the Senate’s approval......»»
‘Offer good while supplies last’
Filipinos have been so distracted by the Zarzuela de Batasan that many have not had a chance to reflect on or consider what the latest series of fuel price increases will do to them......»»
Gasoline, diesel prices seen to go up next week
Another round of price hikes for gasoline and diesel may be implemented by local oil companies next week......»»
DA to draft procurement guidelines for agricultural crises
The Department of Agriculture announced on Wednesday that they are in the process of drafting the Implementing Rules and Regulations for a law clause, seeking to stabilize necessities and commodities supply while protecting consumers from unjustified price hikes during food shortages......»»
Aaron Sorkin confirms working on follow-up Facebook movie
Sorkin, who depicted the creation and early years of Facebook in 2010's "The Social Network," said the tech giant has since then played a major role in the US' sharp political polarization......»»
Study Finds Surge in E-Bike Head Trauma with Decrease in Helmet Use
A recent study has revealed a sharp increase in e-bike injuries among Americans, with thousands being sent to hospitals in recent years. According to the.....»»
Fuel price adjustments forecast after Holy Week
Fuel price adjustments forecast after Holy Week.....»»
HBO hit series White Lotus drops actor with Russia ties
Actor Milos Bikovic has been dropped from the cast of popular TV series "The White Lotus," an HBO spokesperson said, after the Serbian native's ties to Russia drew a sharp rebuke from Ukraine......»»
Russian car production surged in 2023 - data
The industry has rebounded after a sharp downturn in 2022 Russian factories produced more than 700,000 vehicles last year in what has been a rapid recovery from Western sanctions, Russian Deputy Prime Minister Denis Manturov announced on Monday. Car production in Russia rose by 16% in 2023, with ov.....»»
Wholesale price of tomatoes soar
Two months after the reported dumping of tomatoes, the wholesale price of the produce at the Nueva Vizcaya Agricultural Terminal has soared to P70 per kilo due to shortage......»»
Disney+ Loses 1.3 Million Subscribers After Price Hike
Disney+ has seen a decline in its subscriber base by 1.3 million following a price increase implemented in the final quarter of 2023 while being able to mitigate losses by a noteworthy $300 million. During the Q1 FY24 Earnings Call, Disney revealed that Disney+ witnessed a drop from 112.6 million subscribers on September 30, 2023, […].....»»
From the Newsrooms: March 10 to 16, 2024
THE STATE of the ruling alliance has taken back the news spotlight as the President and his predecessor engaged in yet another sharp exchange, suggesting that all is not well in Team Unity. The depth of hostility between the two remains the subject of public speculation.The media this week reported yet another back-and-forth between President Ferdinand Marcos Jr. and the former president, Rodrigo Duterte. The ex.....»»
DigiPlus earnings surge last year
Digital entertainment group DigiPlus Interactive Corp. reported a sharp 596-percent increase in profit to P4.1 billion in 2023 on the back of sustained growth of its digital retail segment following the introduction of new platforms......»»