World News
Haus Talk income triples to P15M on property sales
HAUS TALK, Inc. reported that its attributable net income nearly tripled to P15.25 million in the second quarter from P5.37 million last year driven by a surge in its real estate sales. Its topline for the April-June period jumped by more than seven times to P193.63 million from P26.42 million…
Read More »EasyCall returns to profit as revenues soar
LISTED telecommunications company EasyCall Communications, Inc. returned to a net attributable profit in the second quarter of the year after losing P1.64 million in the same period last year. The company reported an attributable net income of P1.9 million for the second quarter of 2022. Revenues for the period soared…
Read More »Peso weakens on hawkish signals from US Fed
BW FILE PHOTO DESPITE the Bangko Sentral ng Pilipinas (BSP) delivering a rate increase on Thursday, the peso continued to weaken against the dollar after the US Federal Reserve’s hawkish signals to tame inflation. The local unit closed at P55.888 per dollar on Thursday, shedding 2.80 centavos from its P55.86…
Read More »Metro Manila’s retail prices accelerate in April
PHILIPPINE STAR/ MICHAEL VARCAS By Ana Olivia A. Tirona, Researcher METRO MANILA’S retail price of goods in April grew at its fastest pace in three and a half years, preliminary data from the Philippine Statistics Authority (PSA) showed. The PSA on Thursday reported that the general retail price index (GRPI)…
Read More »Retailers back move to legalize ukay-ukay importation
A worker carries a bale of used clothing (ukay-ukay) along Bangbang Street in Sta. Cruz, Manila, Aug. 17. — PHILIPPINE STAR/ EDD GUMBAN By Revin Mikhael D. Ochave, Reporter LOCAL RETAILERS are backing a senator’s proposal to legalize the commercial importation of secondhand garments, also known as “ukay-ukay,” as this…
Read More »Philippines plans 1st retail bond under Marcos
BW FILE PHOTO By Diego Gabriel C. Robles THE BUREAU of the Treasury (BTr) is planning to raise at least P30 billion in the first retail Treasury bond (RTB) issue under the Marcos administration. The BTr will sell at least P30 billion worth of RTBs due in 2028, and allow…
Read More »BSP raises policy rates by 50 bps
BW FILE PHOTO By Keisha B. Ta-asan THE BANGKO SENTRAL ng Pilipinas (BSP) raised its benchmark interest rate by 50 basis points (bps) on Thursday, and signaled it has room to further hike rates as it battles inflation. The Monetary Board (MB) increased the overnight reverse repurchase rate by 50…
Read More »What to do when workers issue death threats
This week, a janitor reported scribbling in a toilet cubicle which contained a death threat against the human resource (HR) department head. The threat, addressed to the department head, was worded as follows: “Your days are numbered. Beware!” As the manager in charge of janitorial services, I took a photo…
Read More »Protecting domestic industries against dumping
THE controversy surrounding the importation of sugar amid soaring prices and a looming supply shortage has hogged the headlines these past two weeks. It has all the elements of high drama with characters from the top echelons of government getting embroiled in a series of plot twists and turns. But…
Read More »General retail price index in the National Capital Region
METRO MANILA’S retail price of goods in April grew at its fastest pace in three and a half years, preliminary data from the Philippine Statistics Authority (PSA) showed. Read the full story. Neil RELATED ARTICLESMORE FROM AUTHOR…
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EasyCall returns to profit as revenues soar
LISTED telecommunications company EasyCall Communications, Inc. returned to a net attributable profit in the …
