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Toyota’s global output cut unlikely to impact on Philippines

The planned reduction in Toyota Motor Corp.’s global vehicle production is not expected to impact the carmaker’s operations in the Philippines......»»

Category: financeSource: philstar philstarAug 22nd, 2021

Inflation likely to pick up anew toward yearend

The easing of inflation is seen as temporary and may likely pick up pace again before the year ends as the Philippines has yet to fully feel the impact of rising global commodity prices......»»

Category: financeSource:  philstarRelated NewsAug 14th, 2021

Stocks tumble as outlook on Philippine credit downgraded

Stocks plummeted yesterday after a global debt watcher downgraded its credit rating outlook for the Philippines, citing increasing risks to the credit profile from the impact of the pandemic and its aftermath on policy-making......»»

Category: financeSource:  philstarRelated NewsJul 14th, 2021

Philippine pork production seen falling 40% to pre-ASF level

Despite a projected increase in global pork production this year, the Philippines’ pork output is seen to decline nearly 40 percent than its production prior to African swine fever, according to the United States Department of Agriculture......»»

Category: financeSource:  philstarRelated NewsJul 14th, 2021

‘Philippines needs to promptly address FATF concerns’

The Philippines needs to promptly address the strategic deficiencies pointed out by global dirty money watchdog Financial Action Task Force in order to minimize the risks from the potential adverse impact on the economy, according to the International Monetary Fund......»»

Category: financeSource:  philstarRelated NewsJul 4th, 2021

Philippines needs more financing amid pandemic uncertainty

Developing countries such as the Philippines will need greater financing moving forward amid the pandemic’s uncertain duration and its economic impact, a global think tank said......»»

Category: financeSource:  philstarRelated NewsMar 11th, 2021

‘Worst over for auto industry’

Alfred Ty, chairman of Toyota Motor Philippines , believes the worst is over and is optimistic the automotive industry as well as other businesses will recover in due time from the negative impact of the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsFeb 1st, 2021

Moody& rsquo;s sees high jobless rate in Asia

Global debt watcher Moody’s Investors Service said Tuesday the restrictions on cross-border travels implemented to contain the spread of COVID-19 pandemic will have a negative impact on employment situations in Asia-Pacific countries, including the Philippines......»»

Category: financeSource:  thestandardRelated NewsJan 13th, 2021

Philippines net oil import bill down 40%

The country’s net oil import bill dropped by over 40 percent as of end-September last year due to depressed global prices and the negative impact of the pandemic, according to the Department of Energy......»»

Category: financeSource:  philstarRelated NewsJan 12th, 2021

Microsoft Announces 2020 Philippines Partner Awards Winners

Last week, Microsoft Philippines held its 2020 Partner Awards, as part of a global circuit that recognizes Microsoft’s partners for their outstanding, innovative efforts to positively impact customers every year......»»

Category: techSource:  thestandardRelated NewsDec 22nd, 2020

No Changes in ’20, ’21 PH GDP Forecasts: S& P Global

No changes will be made in the GDP forecast of S&P Global for the Philippines in 2020 and 2021 as they note the impact of recent natural phenomena such as typhoons has hindered further any chance of economic recovery brought about by the improved workforce mobilization, along with better employment as the government continues to […].....»»

Category: sportsSource:  abscbnRelated NewsDec 2nd, 2020

M& A opportunities emerging in PH

A new online report from a global research and advisory company has highlighted the opportunities emerging in the Philippines for investors looking for attractively priced assets. In a statement on Friday, the Oxford Business Group (OBG) said its Covid-19 Response Report took into account the impact of the Philippine Competition Commission’s decision to exempt mergers […].....»»

Category: newsSource:  manilatimes_netRelated NewsNov 15th, 2020

‘Biden presidency may be good for global trade’

Market analysts have offered mixed views on the possible impact of the still-uncertain outcome of the US presidential election on the Philippines moving forward. In a comment on Friday, Philstocks Financial Inc. research associate Claire Alviar said equity markets, including Asian ones, were cheering the strong showing of US President Donald Trump’s Democratic rival, former […].....»»

Category: newsSource:  manilatimes_netRelated NewsNov 8th, 2020

‘Yes, we can’ — two women activists show how

A lot of dire scenarios have been drawn up about the impact of the COVID-19 pandemic. The International Monetary Fund recently issued World Economic Outlook 2020 saying that the global economic output has lost about $28 trillion thus far, leaving “deep and enduring scars” in joblessness, weakened investments and children deprived of education. The report… The post ‘Yes, we can’ — two women activists show how appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsOct 17th, 2020

PH GDP seen shrinking by over 7% in 2020

MANILA, Philippines — The Philippines’ gross domestic product (GDP) is expected to fall at its worst rate in at least 36 years, no thanks to the COVID-19 pandemic’s debilitating impact on the domestic as well as global economies. The regional macroeconomic surveillance organization Asean+3 Macroeconomic and Research Office (Amro) on Thursday said it revised its GDP […] The post PH GDP seen shrinking by over 7% in 2020 appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsSep 24th, 2020

Toyota’s target output under CARS in peril amid pandemic

Toyota Motor Philippines Corp., one of the participants in the government’s Comprehensive Automotive Resurgence Strategy program, said it may be difficult to meet its production target under the program due to the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsAug 20th, 2020

Rodtang retains title in ONE Championship’s return to action

31 July 2020 – Bangkok, Thailand: The largest global sports media property in Asian history, ONE Championship™ (ONE), made a successful return to its flagship event schedule, starting off with ONE: NO SURRENDER last Friday night, 31 July in Bangkok. The event was broadcast live around the world from a closed-door, audience-free venue. Once again, the absolute best in local and international martial arts talent showcased their skills in the ONE Championship ring. In the main event, reigning and defending ONE Flyweight Muay Thai World Champion Rodtang “The Iron Man” Jitmuangnon successfully defended his title against former ONE Flyweight Kickboxing World Champion “The Baby Shark” Petchdam Petchyindee Academy after five action-packed rounds. Petchdam established his jab early in the first round, setting up his vaunted left kick. Rodtang was slow to start, as he instead opted to get reads on his opponent from a distance. Rodtang turned up the pressure towards the end of the second round, hunting Petchdam with his trademark boxing combinations and thunderous elbows. In the third round, Rodtang began walking Petchdam down with his punches. The champion caught Petchdam with a left hook, testing the challenger’s chin on wobbly legs, but the latter recovered well. In the fourth round, Rodtang resumed his onslaught, rolling forward like a tank as Petchdam fired away with kicks to the body. In the fifth round, Petchdam again found success with his left roundhouse kick, but it wasn’t enough to thwart Rodtang’s forward pressure. After five fiery rounds, two of three judges scored the bout in favor of Rodtang to win by majority decision, who retaind his title. Reigning ONE Featherweight Muay Thai World Champion Petchmorakot Petchyindee Academy turned in perhaps the most important victory of his career, outlasting legendary Thai striker “The Boxing Computer” Yodsanklai IWE Fairtex to retain his title in the co-main event. The first round saw the legendary Yodsanklai connect on his patented triple uppercut, while Petchmorakot tried to shake off the cobwebs. Petchmorakot upped the aggression in the second round, catching Yodsanklai’s kick as he uncorked a myriad of straight punches to the head. Yodsanklai answered back with slicing elbows, creating a cut on the defending champion’s eyelid. In the third round, Petchmorakot opened up the action with a left elbow, while Yodsanklai countered with a straight left hand down the middle. Petchmorakot increased his punch output in the fourth, tagging Yodsanklai with elbows and straights, but the legend would not surrender. In the fifth and final round, Yodsanklai ambushed Petchmorakot with combinations, while the champion danced away to keep himself safe from range. In the end, Petchmorakot did just enough to earn the victory by a close majority decision. In a ONE Super Series Kickboxing Super-Bout, Thai featherweight talents Superbon and Sitthichai “Killer Kid” Sitsongpeenong figured in a thrilling three-round war of attrition. The first round was close, as both Sitthichai and Superbon traded their best offense at the center of the ONE Championship ring. The second round saw much of the same action, with both men winding up on their kicks and doubling up on their punches, but it was Superbon who started to pull away with a higher output and more impactful strikes. In the third and final round, Sitthichai and Superbon turned on the aggression, attacking each other from multiple angles with neither man willing to take a step backward. In the end, Superbon recorded a hard-earned victory, getting the better of his trilogy with Sitthichai via unanimous decision on the judges’ scorecards. In the mixed martial arts women’s atomweight division, reigning ONE Atomweight Muay Thai World Champion Stamp Fairtex continued her rise through the ranks with another exciting victory. Stamp put together another masterful striking performance, dominating fellow Thai warrior Sunisa “Thunderstorm” Srisen to earn win number five in her young career. At the sound of the first round bell, Stamp came out aggressively, looking for the Thai clinch. Once she had Srisen secured in close quarters, Stamp began unloading on a plethora of hard knees to the midsection. Srisen showed incredible toughness in enduring Stamp’s offensive barrage, but the end came shortly after. Stamp capitalized on a botched takedown from Srisen, winding up on her opponent’s back where she finished the bout with a series of punches. In a mixed martial arts catchweight contest, Brazilian newcomer Fabricio “Wonder Boy” Andrade made an impressive ONE Championship debut, dominating Mark “Tyson” Fairtex Abelardo of New Zealand and the Philippines en route to a spectacular finish within two rounds. Action started off on the feet in the first round, with each man landing significant power shots. Abelardo stalked and chased Andrade across the ring, but the Brazilian showed poise and was able to pick the Filipino-Kiwi apart from the outside. In the second round, Andrade continued his elusive movement, peppering Abelardo from range before swiftly taking his back when the opportunity presented itself. From there, Andrade latched onto in a deep rear-naked choke. Abelardo faded rapidly, and was effectively put to sleep as the referee called a halt to the contest. Kicking off the action at ONE: NO SURRENDER were Thai striking superstars “The Angel Warrior” Panpayak Jitmuangnon and "The Kicking Machine" Superlek Kiatmoo9, who squared off in a three-round ONE Super Series Muay Thai contest. This was the first time the two flyweights met inside the ONE Championship ring, after having faced each other multiple instances before in Thailand’s biggest arenas. Superlek was aggressive to start the bout, connecting on a series of combinations in the opening round. Panpayak scored with a handful of solid counter shots in the second frame, as Superlek continued his onslaught. In the third and final round, Superlek repeatedly found a home for his right kick on Panpayak’s body, as he ran away with a unanimous decision victory on the judges’ scorecards. Official results for ONE: NO SURRENDER ONE Flyweight Muay Thai World Championship: Rodtang Jitmuangnon defeats Petchdam Petchyindee Academy by Majority Decision (MD) after 5 rounds ONE Featherweight Muay Thai World Championship: Petchmorakot Petchyindee Academy defeats Yodsanklai IWE Fairtex by Majority Decision (MD) after 5 rounds Kickboxing Featherweight bout: Superbon defeats Sitthichai Sitsongpeenong by Unanimous Decision (UD) after 3 rounds Mixed Martial Arts Atomweight bout: Stamp Fairtex defeats Sunisa Srisen by TKO (Strikes) at 3:59 minutes of round 1 Mixed Martial Arts Catch Weight (67.0 KG) bout: Fabricio Andrade defeats Mark Fairtex Abelardo by Submission (Rear Naked Choke) at 1:11 minutes of round 2 Muay Thai Flyweight bout: Superlek Kiatmoo9 defeats Panpayak Jitmuangnon by Unanimous Decision (UD) after 3 rounds.....»»

Category: sportsSource:  abscbnRelated NewsAug 1st, 2020

Toyota launches emotorsports program

Toyota Motor Philippines (TMP) has officially launched its first emotorsports program, the GR Supra GT Cup Asia-Philippines, which starts this month. Organized under Toyota’s global Gazoo Racing brand, the virtual racing tournament aims to find the country’s top esports racers, who will represent the country in the Asian Regional Round in the last quarter of […].....»»

Category: newsSource:  manilatimes_netRelated NewsJul 5th, 2020

Record-High Unemployment Rate Grossly Exaggerated: Diokno

The Philippines’ 17.7 percent record-high unemployment rate last April does not reflect the true picture of the economy and the jobs market due to the impact of the global pandemic, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. In a Viber message to reporters Saturday, Diokno said the unemployment rate in the fourth month […].....»»

Category: newsSource:  metrocebuRelated NewsJun 7th, 2020

Phoenix Petroleum incurs P215 million net loss in Q1

Phoenix Petroleum Philippines Inc. incurred a net loss of P215 million in the first quarter on the back of volatile global oil prices and the impact of the coronavirus disease 2019 or COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsJun 1st, 2020

PH Resorts losses widen to P175.6 million in H1

Dennis Uy’s listed hospitality and gaming company PH Resorts Group Holdings Inc. continue to report losses, battered by the negative impact of the global health pandemic......»»

Category: financeSource:  philstarRelated NewsAug 22nd, 2021