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(Eagle News) — The discovery of oil reserves in Alegria, Cebu can help boost the Philippine economy. This is according to President Rodrigo Duterte after the Department of Energy announced the discovery of commercial quantities of gas and oil from Alegria oil Field in Southern Cebu. “We have been lagging behind our neighbors, and not because we are lazy or poor. But in terms of natural resources. We are behind Indonesia because they have oil. […]
(Eagle News) — Tiniyak ng Sugar Regulatory Administration (SRA) na may sapat na suplay ng asukal ang bansa sa kasalukuyang taon. Sinabi ni SRA Administrator Hermenegildo Serafica, tiwala siyang maaabot ng produksyon ang local demand ng bansa ngayong anihan. Ang crop year ng asukal ay nagsisimula sa Setyembre 1 at magtatapos naman sa Agosto 31 ng susunod na taon. Bagaman tiniyak ang suplay ng asukal, isa aniya sa nakikitang problema ngayon ng industrya ang kakapusan […]
HONG KONG, China (AFP) — Asian markets fell on Friday, tracking another retreat on Wall Street as attention turns to the release of key US jobs data later in the day and high-level China-US trade talks in Beijing. While the corporate earnings season has been considered a success, analysts are worried that the healthy results have not fired equities as much as expected, with warnings of a mild correction down the line. The major macroeconomic […]
by Tom Barfield Agence France-Presse Frankfurt am Main, Germany (AFP) — German high-end car maker BMW said Friday it booked a strong first three months with record first-quarter shipments and profits, confirming its targets for the full year. Net profit at the Munich-based group added 1.2 percent year-on-year to reach 2.3 billion euros ($2.8 billion). But operating, or underlying profits fell 3.1 percent to 2.8 billion euros, as revenues slipped 5.1 percent to 22.7 billion. BMW said […]
HONG KONG, China (AFP ) — Hong Kong banking giant HSBC said Friday that pre-tax profit dipped four percent to $4.76 billion in the first three months of the year owing to rising operating costs but added it would buy back $2 billion worth of stock. It also said revenue rose six percent to $13.7 billion in the period as it benefits from an improving global economy and rising interest rates. The upbeat January-March results […]
by Michelle FITZPATRICK Agence France-Presse (AFP) — German car giant Volkswagen on Thursday reported a drop in profits but nonetheless said strong sales got the year off to “a good start”, as new CEO Herbert Diess pushes on with a post-dieselgate revamp of the behemoth. VW said it booked a net profit of 3.22 billion euros ($3.9 billion) between January and March, down nearly three percent on the same period a year earlier and slightly […]
SEOUL, South Korea (AFP) — South Korean telecoms giant Samsung Electronics saw net profits leap by more than half in the first quarter, it said Thursday, thanks to strong demand for memory chips and its latest high-end smartphone. The firm, the world’s biggest maker of memory chips and the flagship subsidiary of the sprawling Samsung group, has recovered from a series of setbacks to post record profits in recent quarters. It faced an embarrassing global […]
(Eagle News) — Maglulunsad ang Bangko Sentral ng Pilipinas (BSP) ng nationwide information campaign upang maituro sa publiko ang bagong disenyo ng barya. Sagot ito ng ahensya matapos bumuhos ang mga reklamo dahil sa new generation coin series. Normal lang umano ito lalo na kung may ipinapakilalang bago sa sistema at naiintindihan nila ito. Tiwala ang BSP na hindi magtatagal ay masasanay na ang mga Pilipino sa mga bagong barya na nasa sirkulasyon.
CHINA (AFP) — Asian markets fell on Monday after a US-led strike on Syrian targets fueled fresh geopolitical concerns over the tinderbox Middle East, though analysts said investors were hopeful the crisis would not escalate. The US, Britain and France carried out their hit at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before. While there was broad […]
SEOUL, South Korea (AFP) — Samsung Electronics flagged Friday a first-quarter operating profit of 15.6 trillion won ($14.7 billion), a record for any three-month period, as it benefited from soaring demand for its memory chips for mobile devices. Sales for January to March are expected to reach 60 trillion won, the world’s largest maker of smartphones and memory chips said in an earnings forecast. The profit forecast from Samsung Electronics — the flagship subsidiary of […]
MANILA, Philippines (Eagle News) — Posibleng pumalo sa 4.2 hanggang 4.4 percent ang inflation rate noong Marso na mataas sa target ng gobyerno. Nitong Pebrero ay 3.9 percent ang inflation rate na pasok pa rin sa 2 hanggang 4 percent target range. Nasa 3.8 hanggang 4.6 percent ang inflation rate na inaasahan ng Bangko Sentral ng Pilipinas (BSP) ngayong Marso dahil sa mataas na presyo ng kuryente at petrolyo at paghina ng piso. Sa Huwebes, […]
SAN FRANCISCO, United States (AFP) — Intel shares dove on Monday after Bloomberg reported that Apple intends to switch to chips of its own for Mac computers in two years. Intel shares were down more than 7.5 percent to $48.12 in late afternoon trading on the Nasdaq exchange in New York. Apple declined to comment on the report, which cited unnamed sources as saying Apple is designing its own chips for Mac computers and could […]
