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T00:28 Business World L
Philodrill’s losses widen on crude price crash THE Philodrill Corp. recorded P44.3 million in after-tax loss in the first semester as its revenues from petroleum plunged on the collapse of crude prices and drying production. In a regulatory filing to the stock exchange, the listed oil exploration firm said its total revenues went down 54% to P60.1 million between January and June. Its petroleum earnings declined by three-fifths to P40 million, mainly due to price slump and lower output volume in the period. ...
T00:28 Business World L
D&L sees earnings reaching up to P1B in 2nd half EARNINGS of D&L Industries, Inc. is expected to recover to P900 million-P1 billion in the second half of the year, picking up after hitting its “lowest” in the second quarter when it fell 57% to P287 million. In a media briefing, Wednesday, D&L President and CEO Alvin D. Lao said the company expects improved resilience in the next six months, regardless if the coronavirus crisis is solved or not. ...
T00:28 Business World L
Century Pacific Food net income up 31% CANNED FOOD manufacturer Century Pacific Food, Inc. (CNPF) posted a 31% increase in its net income to P2.25 billion in the first six months of the year, due to the company’s higher consolidated revenues. In a disclosure to the stock exchange on Wednesday, the company said its consolidated revenues rose 28% to P25.12 billion during the first half of the year while its second-quarter net income recorded a 32% increase. ...
T00:28 Business World L
SM Investments earnings fall 69% on pandemic impact SM INVESTMENTS CORP. (SMIC) posted a 69% profit drop in the first six months of the year as the coronavirus-related lockdown took a heavier toll on its businesses in the second quarter. In a statement, Wednesday, SMIC said its consolidated net income shrunk to P7.1 billion from P23 billion last year. Consolidated revenues were lower by 21% to P185.5 billion, mostly due to its malls and banking businesses. The property segment, through SM Prime Holdings, Inc. ...
T00:28 Business World L
MPIC profits plunge 63% as virus disrupts operations METRO PACIFIC Investments Corp. (MPIC) reported a 63% earnings cut in the six months to June as measures to contain the coronavirus outbreak hit the demand and operations of all its business segments. In a statement on Wednesday, MPIC said the group’s attributable net income stood at P3.03 billion, down from P8.12 billion the same period last year. Its core income contracted 38% to P5.34 billion as consolidated operating revenues slid 17% to P30.71 billion. ...
T00:28 Business World L
Lockdown hits Jollibee with P10-B loss By Denise A. Valdez, Senior Reporter JOLLIBEE FOODS CORP. (JFC) swung to a P10.17-billion attributable net loss in the second quarter of 2020 as the coronavirus-related lockdown took a toll on the company’s global operations. The fast food chain operator said in a Wednesday filing that the ongoing health crisis reversed its P1.04-billion profits recorded last year. Aside from a 47% drop in revenues to P23. ...
T00:28 Business World L
Yields on BSP’s term deposits inch higher on faster inflation RATES of the central bank’s term deposits inched up as bids declined. — BW FILE PHOTO YIELDS ON THE term deposits offered by the Bangko Sentral ng Pilipinas (BSP) rose slightly on Wednesday as bids declined following the release of the July inflation data. Tenders for the BSP’s term deposit facility (TDF) amounted to P526.49 billion on Wednesday, well beyond the P380-billion offering. However, this was lower than the P549.345 billion in bids seen last week for the P360 billion up for grabs. ...
T00:28 Manila Bulletin L
Delivery riders can #ScanToPay for safer and more rewarding transactions with PayMaya With stricter quarantine measures set to be imposed in parts of the country once again, many will be relying on delivery services for their everyday essential needs. To help ensure the safety of delivery riders, PayMaya is encouraging them to use contactless payments via PayMaya QR in partner merchants, which will also give them additional benefits and rewards as well. ...
T00:28 Manila Bulletin L
All Day taps PayMaya to bring safer and seamless cashless payment options online and in-store To provide a safer and more convenient experience to its customers nationwide, All Day will provide contactless payment options online and in-store powered by PayMaya. Through the partnership, All Day Supermarket will accept cashless payments including PayMaya QR, using the One by PayMaya terminals in their 76 convenience store branches nationwide. ...
T00:12 GMA News L
Philippines conducted more tests than 6 other Asian nations in July -- NTF The Philippines conducted more the coronavirus disease 2019 (COVID-19) tests daily for for the month of July than six other Asian nations, National Task Force Against COVID-19 (NTF) deputy implementer and testing czar Vince Dizon said Wednesday.
T00:12 The Standard L
Hontiveros hits QC exec for shoot-to-kill threats Responding to threats by a Quezon City official that he would ‘shoot to kill’ people who will violate quarantine rules, Senator Risa Hontiveros on Tuesday sought a full Senate investigation on cases of abuse and illegal acts by local government officials in implementing community quarantine protocols.
T00:12 The Standard L
Land acquisition work shortened to 112 days The time it will take for a tenant to assume possession of the land that he tills has been shortened to 112 days, Department of Agrarian Reform said on Tuesdsay.
T00:12 The Standard L
Customs may auction off seized P33-m McLaren super car The Customs bureau is considering auctioning off the P33 million worth McLaren 620R super car it earlier seized at the Manila South Harbor to help the government raise funds for COVID-19 response.
T00:12 The Standard L
Group prods government on digital transformation for biz A civil society group called on government to remove bureaucratic barriers and fully enforce the Ease of Doing Business law to fully support digital transformation in the country.
T00:12 The Standard L
Win warns Meralco vs another ‘bill shock’ Senator Win Gatchalian yesterday warned the Manila Electric Company (Meralco) and other Distribution Utilities against possible unexplained bill shocks, a replication of what transpired during the Luzon wide-Enhanced Community Quarantine period.
T00:12 The Standard L
Death penalty bill ‘baseless’—CHR A Commission on Human Rights official on Wednesday said the President’s call for the reimposition of death penalty was baseless.
T00:12 The Standard L
Cayetano supports passage of DDR measure House Speaker Alan Peter Cayeyano on Wednesday pushed for the passage of the proposed Department of Disaster Resilience which he said is crucial to respond to natural disasters amid COVID-19.
T00:12 Tempo L
Gov’t to tap cops as contact tracers BY JEFFREY DAMICOG The Philippine National Police (PNP) has been tapped in contact tracing of persons who may have been exposed to coronavirus disease (COVID-19), Presidential Spokesman Harry Roque said on Wednesday. “The PNP leadership has signified their conforme to this and they are in the process of training the police officers […]
T00:12 ABS-CBN News L
Samsung unveils new version of folding smartphone Samsung on Wednesday unveiled an upgraded version of its folding smartphone along with other devices aiming to jump-start sales of devices in a market hit hard by the global pandemic.
T00:12 ABS-CBN News L
Taekwondo: For Pauline Lopez, name of the game is flexibility as she eyes Olympics The Southeast Asian Games champion has been busy with her academics and taekwondo training, both done virtually given the pandemic.
T00:12 ABS-CBN News L
Pagpapalakas ng internet service para sa 'telemedicine', isinusulong Isinusulong ng isang medical health expert ang pagpapalakas ng internet service sa Pilipinas para sa pagresponde ng mga doktor sa iba’t ibang sakit ngayong may pandemiya.
T00:12 Business World L
Dining In/Out (08/06/20) 1 of 3 ARANETACITY.COM Araneta City remains open under MECQ ARANETA CITY continues its business operations in accordance with the re-implementation of the modified enhanced community quarantine (MECQ) in Metro Manila from Aug. 4 to 18. Gateway Mall, Ali Mall, and Farmers Plaza remain open from 10 a.m. to 6 p.m. to cater to the needs of customers. ...
T00:12 Business World L
Broadcaster, host, senator: Eddie Ilarde, 85 EDDIE ILARDE — IMDB.COM VETERAN BROADCASTER and one-time senator Edgardo “Eddie” Ilarde died at the age of 85 due to natural causes on Aug. 4. The announcement was made by his daughter Liza Ilarde via a Facebook post on Tuesday afternoon. Ms. Ilarde said that there will be no wake for Mr. Ilarde in light of the ongoing modified enhanced community quarantine, a moderately strict form of lockdown that has been imposed on Metro Manila and nearby provinces. Born on Aug. ...
T00:12 Business World L
Commerzbank cuts outlook on Wirecard losses COMMERZBANK AG abandoned its goal for a full-year profit after losses tied to the failure of Wirecard AG added to surging costs to cover bad loans, underscoring the challenges as the lender seeks to emerge from a leadership crisis.

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