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Frayna in hot pursuit of International Master title
Janelle Mae Frayna currently owns two feats that no Filipina before her has done – become a Woman Grandmaster and first female in the country to make the men’s Olympiad-bound t.....»»
Oftana new 3-point King
TNT’s Calvin Oftana’s career is really on an upward trajectory. From PBA champion to Asian Games gold medalist, Oftana now owns the title PBA Three-point King......»»
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.....»»
BDO to merge with subsidiary that owns Podium Mall
BDO announced that its board of directors approved a merger between BDO and SM Keppel Land, with BDO as the surviving entity......»»
DENR, Masungi foundation in word war over P1.17 billion bill
The word war between the Department of Environment and Natural Resources and the president of Masungi Georeserve Foundation erupted after DENR said the construction company, which MGF owns, has billed the department at least P1.17 billion for its alleged failure to deliver lands in the government’s own territory......»»
Postscript to Masungi
Senate President Pro Tempore and environmental champion Loren Legarda did the right and necessary thing last week when she called on the Bureau of Corrections to desist from building prisons or offices on land it supposedly owns in the Masungi Georeserve in Tanay, Rizal......»»
AbaCore to explore sale of Mabini lot for P307-M
AbaCore [ABA 1.07 unch] [link] disclosed that its board of directors approved a plan to sell a wholly-owned subsidiary called Omnilines Logistics International Network (OLIN), which owns a 30,117 sqm lot in Mabini, Batangas......»»
House to ask WHO about changes to IHR
Two committees of the House of Representatives will ask the World Health Organizations to shed light on the 307 proposed amendments to the International Health Regulations which lawmakers fear could infringe on the Philippines’ sovereignty......»»
Jealousy drives man to burn his own house
CEBU CITY, Philippines — A man who allegedly set his house on fire after a heated argument due to jealousy with his live-in partner was arrested on Wednesday, January 10, 2024. The incident occurred around 4:20 a.m. in Sitio Hunop, Barangay Kansi, Tuburan town. READ: Jealous man nabbed for stabbing his live-in partner, friend Jealousy.....»»
SSS net income soars to all-time high of P83B in 2023
MANILA, Philippines —The Social Security System (SSS) posted a net income of P83.13 billion in 2023, exceeding by 62.8 percent its target of P51.06 billion for the year and the highest attained so far by the state pension fund. Based on its unaudited financial statement, the SSS said the 2023 bottom line market a big jump.....»»
Philippines FDI net inflows grow by 27.8 pct in November
MANILA, Feb. 12 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 27.8 percent in November 2023 to reach 1 billion U.S. dollars, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the November figure brought the country's FDI net inflows from January to November 2023 to 7.6 billion dollars, 13.3 percent lower than the 11 months in 20.....»»
Philippines FDI net inflows grow by 27.8 pct in November
MANILA, Feb. 12 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 27.8 percent in November 2023 to reach 1 billion U.S. dollars, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the November figure brought the country's FDI net inflows from January to November 2023 to 7.6 billion dollars, 13.3 percent lower than the 11 months in 20.....»»
Philippines FDI net inflows drop by 29.6 pct in October
MANILA, Jan. 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines declined year-on-year by 29.6 percent in October 2023 to 655 million U.S. dollars, the country's central bank said Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the latest figure brought the country's FDI net inflows from January to October 2023 to 6.5 billion dollars, a 17.5 percent decline from the same period.....»»
Megaworld Hits Record Financial Performance in 2023, Income up 26% to P19.4 Billion
Megaworld Corporation, the country’s premier township developer, achieved a landmark milestone in its financial performance for the year 2023 as its full-year net income surged by 26% to P19.4 billion. Its consolidated revenues, on the other hand, rose by 17% to P69.7 billion. Net income attributable to the parent company’s shareholders also jumped by 29% […].....»»
WHO appoints new Western Pacific regional director
MANILA, Jan. 23 (Xinhua) -- The World Health Organization (WHO) executive board on Tuesday confirmed the appointment of Saia Ma'u Piukala as the next WHO regional director for the Western Pacific region. The WHO regional office in Manila said Piukala's plan for his first 100 days in office includes visiting many of the 37 countries and areas in the region, engaging with governments and other stakeholders, listen.....»»
Roxas Holdings’ net loss triples to P2.2 billion
The net loss of sugar and ethanol producer Roxas Holdings Inc. more than tripled in its fiscal year 2023 as the group reeled from the closure of its milling operations......»»
Euromoney recognizes Metrobank as Best Bank for Ultra High-Net-Worth Filipinos
Metropolitan Bank & Trust Co. (Metrobank) remains the preferred bank for affluent Filipinos as it receives the Best Bank for Ultra High-Net-Worth (UHNW) award at the Euromoney Global Private Banking Awards 2024......»»
Del Monte swings to net loss in 9 months
Del Monte Pacific Ltd. expects to finish its fiscal year 2024 in the red as the company slipped to a net loss in the nine months ending January......»»
Hot money returns to net inflow in February
More foreign portfolio investments flowed into the Philippines in February, snapping two straight months of net outflows, amid the government’s retail Treasury bond offering......»»
Jollibee FY23 profit: P8.8-B (up 16%)
Jollibee posted an FY23 net income attributable of P8.8 billion, up 16% from its FY22 net income of P7.6 billion. Systemwide sales were up 16.3% to P345 billion, with the biggest growth coming from China (+21.9%), the Philippines (+17.6%) and EMEA (+16.0%)......»»