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Semirara income down 64% to P3 billion

Semirara Mining and Power Corp. registered a 64 percent drop in its net earnings in the nine months to September due to lower prices and demand for coal and electricity......»»

Source: Philstar PhilstarCategory: Finance12 hr. 40 min. ago Related News

POPCOM-7 launches family planning mobile app for health centers 

CEBU CITY, Philippines—The Commission on Population and Development in Central Visayas (POPCOM-7) launched on Thursday, September 29, 2020, the Family Planning Mobile Application. The mobile app will serve as an accessible database of available products provided by the commission through its partner facilities all over Central Visayas. Lawyer Bruce Ragas, regional director of POPCOM-7, said […] The post POPCOM-7 launches family planning mobile app for health centers  appeared first on Cebu Daily News......»»

Source: Inquirer InquirerCategory: News17 hr. 57 min. ago Related News

Kickstart holiday shopping with realme& rsquo;s Special Bundle promos

Celebrate the spirit of gift-giving early on with the Special Bundle promo of the top 2 smartphone brand in the country, realme Philippines. .....»»

Source: Thestandard ThestandardCategory: Tech18 hr. 40 min. ago Related News

China Bank grows profits in third quarter

The Sy-led lender netted P3 billion during the July-September period, up 21% year-on-year......»»

Source: Philstar PhilstarCategory: FinanceOct 29th, 2020Related News

Merkel seeks more restrictions vs. virus

Chancellor Angela Merkel is seeking drastic new curbs, including fresh shutdowns hitting leisure, sports and the food and drink sectors, in crisis talks Wednesday with Germany’s regional leaders to halt surging coronavirus infections and save the Christmas holiday season......»»

Source: Thestandard ThestandardCategory: NewsOct 28th, 2020Related News

Suspect in kidnapping of Sirawai farmer nabbed in Zamboanga City

Triplitt, 62, was rescued safely on September 30 by troops of the 42nd Infantry Battalion following a brief firefight with his captors......»»

Source: Philstar PhilstarCategory: NewsOct 28th, 2020Related News

Landbank’s agriculture loan portfolio expands to P230 billion in 9 months

The Land Bank of the Philippines’ total loan portfolio to the agriculture sector expanded to P230.34 billion as of end-September, as its intensified lending activities enabled it to reach more than two million farmers this year......»»

Source: Philstar PhilstarCategory: FinanceOct 28th, 2020Related News

Dollars flood into PH economy on gov’t’s foreign loans, drop in import spending

MANILA – Philippines – The dollar flow surplus of the Philippine economy — which has been building up every month since the start of the pandemic — surged significantly in September, as the inflow of foreign exchange from the government’s overseas borrowings added to the decline in the country’s import spending. According to the Bangko […] The post Dollars flood into PH economy on gov’t’s foreign loans, drop in import spending appeared first on Cebu Daily News......»»

Source: Inquirer InquirerCategory: NewsOct 27th, 2020Related News

Philippine posts $2.1 billion BOP surplus in September

The country’s overall balance of payments position posted a surplus of $2.1 billion in September, bringing the year-to-date surplus position to $6.88 billion, the Bangko Sentral ng Pilipinas (BSP) reported yesterday......»»

Source: Philstar PhilstarCategory: FinanceOct 26th, 2020Related News

SM Prime net income down 48%

SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, reported a consolidated net income of P14.4 billion in the nine months to September, down 48 percent, as mall operations were affected in the early part of the quarantine......»»

Source: Philstar PhilstarCategory: NewsOct 26th, 2020Related News

UnionBank net income steady

The net income of Aboitiz-led Union Bank of the Philippines was steady at P8.48 billion from January to September compared to P8.51 billion in the same period last year despite the surge in provision for bad loans due to the pandemic......»»

Source: Philstar PhilstarCategory: NewsOct 26th, 2020Related News

UN records warmest September

Last month was the warmest September on record for the globe, the United Nations’ weather agency said......»»

Source: Philstar PhilstarCategory: NewsOct 25th, 2020Related News

Christmas 2020 will definitely be more austere

Two weeks ago, I took out the Christmas décor from storage and began to decorate my home so I could start feeling the holiday spirit......»»

Source: Philstar PhilstarCategory: NewsOct 25th, 2020Related News

Coke PH expands Balik Pinas program for repatriated OFWs

Coca-Cola Beverages Philippines, Inc. (CCBPI)—the bottling arm of Coca-Cola in the country—has expanded its Balik Pinas program to national scale to reach more repatriated overseas Filipino workers (OFWs) and help them start their own business at home. Gareth McGeown, CCBPI President and CEO. “Coca-Cola’s commitment to Filipinos has only grown stronger, in weathering this crisis together,” said Gareth McGeown, CCBPI President and CEO. “We will help and support where we can. Through Balik Pinas, our goal is to help repatriated OFWs who have lost their livelihood abroad to start anew, via owning and operating their own business and be successful here, at home, with their families.” With the help of the Department of Labor and Employment (DOLE), CCBPI aims to reach more OFWs who are interested to start their own business through Balik Pinas. Data from the Department of Foreign Affairs show that as of September 2020, over 190,000 overseas Filipino workers have been repatriated. Balik Pinas gives opportunities to OFWs to be part of the Coca-Cola family as a distributor, wholesaler, or a community reseller. Balik Pinas is a journey that the company and new entrepreneurs take together at every step—from setting up the business, to sustaining it, to ensuring growth. Coca-Cola assists former OFWs in choosing a suitable business model for their area, helps in managing their cash flow and inventory, and sees to it that they are given proper guidance and training until they are fully ready and equipped to operate on their own—all in all, a sustainable and profitable business founded on practical support from a global beverage brand. According to Carlos Rivera, CCBPI Territory Sales Team in Naga City, the Balik Pinas Program started as a small-scale initiative in Naga City to help former OFWs. Just a couple of months after returning home, Carlos Manzano and his family was able to set up their business as Coca-Cola distributor through the Balik Pinas Program, which Carlos said has reshaped his life and outlook forever. IN PHOTO: Carlos and their family’s multi-cab routing unit with the Coca-Cola Naga Sales team. When the program’s pilot rollout started, the Manzanos—brothers Carlos and Jazz, and their father Lito—were among the pioneer members. Carlos and Jazz had both been working for several years in Qatar until the COVID-19 pandemic shook the trajectory of their career and, consequently, the well-being of their families. Together with their father, Lito, who also used to be an overseas worker, they set up a beverage distribution business in their hometown Naga City. Their optimism, as with any new business venture, was tempered with anxiety over how it would all turn out—especially with the considerable challenge of launching during such tenuous times until Rivera offered them membership to the Balik Pinas Program of Coca-Cola. Now, the Manzanos are running a profitable business as Coca-Cola distributors. “Even when I had to leave Qatar suddenly because of the lay-offs, I always envisioned that I would head back to work there when things settle. But with Coca-Cola’s Balik Pinas, I have a livelihood that doesn’t take me away from my family as being an OFW had,” said Carlos.  Lito can still remember his first order of 60 cases of Coke products. Now, the Manzano  family business has grown to an average of 4,000 cases a month, just five months after they started—a feat magnified for it being in the middle of a pandemic and strict quarantine measures. The Manzanos have also since invested in routing units to augment their business’s capabilities—a multicab and a tricycle. Since starting his business in 2019, Billy Belleza (left), is now one of the prominent Coca-Cola distributors in his area and has added another mini truck to serve more routes and deliveries. Billy is one of the pioneers of Coca-Cola’s Balik Pinas program. Another Balik Pinas program pioneer member is Billy Belleza who decided to return to the country after working for 20 years in Brunei. “I am really thankful that Coca-Cola reached out to me to be a part of this. They have never failed to present opportunities for me and my business to grow since I decided to take part in the Balik Pinas Program. My sales actually soared this year,” said Belleza, who is also based in Naga City. According to Rivera, Balik Pinas Program was really designed for returning OFWs like Billy, Carlos, and Jazz and their families to set up and run a viable business at home. “With their success and in light of current events, this program was expanded to operate on a national scale, so the company can lend assistance to repatriated OFWs and their families as they weather through new challenges brought on by the pandemic,” Rivera said. Coca-Cola has consistently sought to create programs to support MSMEs, more so now with the COVID-19 pandemic having disrupted countless lives and livelihoods. With programs like Balik Pinas, Coca-Cola remains firm in their commitment to help local communities, contributing to the restart of the national economy—by way of reaching out to Filipinos.  To know more about the program, you may reach Coca-Cola’s contact center at (02)-8813-COKE (2653). For SMART/PLDT users: toll-free number: 1800-1888-COKE (2653); and for GLOBE users: toll-free number: 1800-8888-COKE (2653). You may also contact 0919-160-COKE (2653) via SMS......»»

Source: Abscbn AbscbnCategory: LifestyleOct 24th, 2020Related News

Landbank grants 60-day timeout on loan payments under Bayanihan 2

PASIG CITY, Oct. 24 (PIA) --State-run Landbank of the Philippines (LANDBANK) is providing a one-time 60-day moratorium for all existing, current, and outstanding loans falling due from September 15.....»»

Source: Philippinetimes PhilippinetimesCategory: NewsOct 24th, 2020Related News

URC income up 12%

Universal Robina Corp., the Gokongwei-owned snack foods giant, posted a net income of P8.1 billion in the nine months to September, up 12 percent despite pandemic woes......»»

Source: Philstar PhilstarCategory: FinanceOct 24th, 2020Related News

Prices of building materials ease further in September

Wholesale prices of building materials in Metro Manila continued to grow at a slower pace in September, indicating continued weakness in construction activity......»»

Source: Philstar PhilstarCategory: FinanceOct 24th, 2020Related News

Landbank grants 60-day timeout on loan payments under Bayanihan 2

PASIG CITY, Oct. 24 (PIA) --State-run Landbank of the Philippines (LANDBANK) is providing a one-time 60-day moratorium for all existing, current, and outstanding loans falling due from September 15.....»»

Source: Manilanews ManilanewsCategory: NewsOct 24th, 2020Related News

Okayed foreign borrowings up 48% in Q3

The country’s monetary authorities approved more foreign borrowings by the national government in the third quarter of 2020, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. In a statement, the central bank said its policymaking Monetary Board (MB) greenlighted an aggregate $3.91 billion in foreign borrowings in July to September. The amount was a […].....»»

Source: Manilatimes_net Manilatimes_netCategory: NewsOct 24th, 2020Related News

Budget gap shrank to P138.5B in Sept

The government’s fiscal deficit slimmed to P138.5 billion in September as revenues and spending both declined by double digits in the month, data from the Bureau of the Treasury (BTr) showed on Friday. The shortfall was smaller than the P178.6-billion deficit a year earlier, but higher than the P40.1-billion gap in August. “The budget gap […].....»»

Source: Manilatimes_net Manilatimes_netCategory: NewsOct 24th, 2020Related News