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Nvidia exceeds expectations with strong results and forecasts as China sales decline significantly
Nvidia (NVDA) Exceeds Expectations with Strong Fourth-Quarter Earnings Graphics chip giant Nvidia (NVDA) has reported fourth-quarter earnings that surpassed analysts’ expectations, both on the top.....»»
Metro Retail opens new distribution center in Luzon
Metro Retail Stores Group Inc. fortified its growth initiative in Luzon with the inauguration of its new distribution center in Santa Rosa, Laguna......»»
Metro Retail, Canadian gov’t partner to promote Canadian products in PH
Metro Retail, Canadian gov’t partner to promote Canadian products in PH.....»»
Fruitas earnings soar in 2023
Listed food and beverage retail operator Fruitas Holdings Inc. saw its earnings soar in 2023 on the back of all-time high annual revenues......»»
Stock traders to keep track of inflation, earnings data
Investors will keep a close eye on the country’s inflation data and the release of more corporate earnings results this week to serve as catalysts for a potential climb back to the 7,000 mark......»»
Pork SRP sought amid high retail prices
A suggested retail price on pork should be imposed amid high retail prices resulting from tight local supply caused by the African swine fever outbreak in the country, according to the Pork Producers Federation of the Philippines......»»
Metro Global given 6 months to avoid involuntary delisting
The PSE gave notice to Metro Global Holdingsthat it has six months to increase its public float above 10% to comply with the PSE’s Minimum Public Ownership (MPO) rule or be “automatically delisted” from the stock exchange......»»
NICE, Ganda! NICE, SARAP! McDonald’s comes out with oh-so-satisfying Chicken McDo
Summary: McDonald’s Introduces Bigger, Juicier, and Crispier Chicken McDo McDonald’s has unveiled an enhanced version of its beloved Chicken McDo, promising a more satisfying and flavorful experience for chicken enthusiasts. The new and improved Chicken McDo boasts larger and juicier cuts, coupled with a revamped breading process that results in a crispier and flakier skin. This upgrade aims to elevate the dining experience, ensuring that every bite is succulent and fulfilling. In addition to the enhanced chicken offering, McDonald’s is also introducing value-packed meal options to cater to different preferences. Customers can indulge in the 1pc Chicken McDo with DOUBLE Rice for a hearty and filling meal, or opt for the 1pc Chicken McDo with McFloat for a refreshing accompaniment. The reimagined Chicken McDo has garnered praise from renowned personality Vice Ganda, who has expressed her delight with the improvements. McDonald’s has made the new Chicken McDo available for dine-in, take-out, drive-thru, and delivery, ensuring that customers can savor its delectable taste at their convenience. For those eager to explore more exciting deals and promotions related to the Chicken McDo, McDonald’s encourages users to download the McDonald’s App and McDelivery App, and stay updated on social media platforms such as Instagram and Facebook. Overall, McDonald’s Chicken McDo aims to satisfy cravings with its bigger, juicier, and crispier appeal, offering a delectable chicken experience that can be enjoyed anytime, anywhere......»»
Power, real estate fuel FPH earnings in 2023
Strong contributions from power generation and real estate segments fueled a nearly 20-percent jump in the earnings of First Philippine Holdings Corp. in 2023......»»
Stock market update: S& P 500 reaches all-time high following strong jobs report and impressive tech earnings.
Stocks closed the week on a positive note as the U.S. job market showed robust growth and tech companies delivered impressive earnings. The S&P 500.....»»
D& L sees earnings recovery this year
D&L Industries Inc. expects a recovery in profitability this year after earnings in 2023 fell due to higher interest and depreciation expenses associated with the Batangas plant coupled with the lingering effects of high inflation......»»
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......»»
MVP Group dominates 20th Philippine Quill Awards
It was a triumphant night for the MVP Group of Companies, encompassing leading entities such as Light Rail Manila Corp., Manila Electric Co., Maynilad Water Services Inc., PLDT, Smart Communications Inc., Makati Medical Center, Maya, Metro Pacific Dumaguete Water Services Inc., Metro Pacific Tollways South Management Corp., Metro Pacific Investments Corp., Meralco – One Meralco Foundation and Metro Pacific Investments Foundation, as its member companies secured a staggering total of 87 awards at the 20th Philippine Quill Awards, organized by the International Association of Business Communicators......»»
Metro Pacific doubles net earnings in 2023
Pangilinan-led conglomerate Metro Pacific Investments Corp. is investing P140 billion for capital expenditures in its first full year as a private company, picking up confidence from its performance in 2023......»»
NCR retail prices rise at slowest pace in nearly 2 years
Retail prices of goods in Metro Manila in January posted its lowest growth rate in nearly two years due mainly to slower food price hikes, according to the Philippine Statistics Authority......»»
High pork retail prices hit
The farmgate price of pork remains low at P200 per kilo, but its retail price has reached as high as P420 per kilo in Metro Manila markets, according to a hog raisers’ group......»»
NCR retail price growth steady in December – PSA
Retail prices of goods in Metro Ma- nila snapped a three-month downtrend as it maintained its pace of growth in December from the previous month, according to the Philippine Statistics Authority......»»
Market gets ready for earnings results
The stock market is priming up for the release of fourth quarter and full-year 2023 corporate earnings starting this week after laying the groundwork for further ascent last week, traders said......»»
Historically low valuation
The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»
Strong Group suffers heartbreaker in Dubai
Strong Group Athletics absorbed a heartbreaking, buzzer-beating defeat at the hands of Lebanon’s Al Riyadi, 77-74, to settle for a runner-up finish in the 33rd Dubai International Basketball Championship yesterday at the Al Nasr Club......»»