Max’s Group Q2 income up 34%
MAX’S Group, Inc. (MGI)’s net income expanded by 34% in the second quarter of the year, as the company implemented operational efficiency initiatives to help temper rising costs of raw materials.
Taiwan chipmaker blames WannaCry ransomware for plant closures
TAIWAN chipmaker TSMC, reeling from a computer virus that shut down several plants over the weekend, is expected to be able to fill orders on time for Apple Inc. as it gears up to release new iPhones later this year.
Big banks post better earnings
BIG BANKS in the Philippines managed to grow their bottom lines during the first half of 2018 at a time of rising interest rates and bigger tax dues, latest central bank data showed.
More Bordeaux labels to discover
By Sherwin A. Lao
I HAVE to hand it to Wine Story for being the runaway choice for the best and most compelling Bordeaux wine selection in the country. Bordeaux will always be the preeminent wine region of wine lovers. But Bordeaux is not as easy to approach, especially for the non-hardcore enthusiasts, as any New World wine region, either it be Napa Valley, Barossa, or Marlborough. For one, Bordeaux has over 120,000 hectares of vineyards, this is just 80,000 hectares less than the vineyards in California (which contributes 90%+ of US Wines). Bordeaux has over 8,500 wine producers, compared to California’s much fewer 400+ wineries. Bordeaux is also four times the size of fellow French wine region Burgundy and 1.5 times bigger than Rhone.
How PSEi member stocks performed — August 8, 2018
Here’s a quick glance at how PSEi stocks fared on Wednesday, August 8, 2018.
House version of tax reform bill could dampen expenditure
ECONOMIC MANAGERS warned of spending reductions due to weaker revenue prospects of the second tax reform package, amid attempts to keep military pensions under control and a Supreme Court ruling calling for more funding for local governments.
5% tariff on key farm items may curb inflation
THE GOVERNMENT is considering lowering import tariffs to a uniform 5% rate for selected basic commodities as part of a broader effort to contain inflation.
DoE identifies 6 regions to be opened for electrification ventures
THE Department of Energy (DoE) has identified six regions with electrification levels falling below 80% where private ventures will be encouraged to help bring power to barangays, sitios and households.
DTI sees imports easing inflation in 2-3 months
THE Department of Trade and Industry said it expects inflation to ease in two or three months based on the expected arrival of commodity imports, which will boost domestic supply and ease price pressures.
Supply chain trade group to establish Davao chapter
DAVAO CITY -- The Supply Chain Management Association of the Philippines (SCMAP) said it is preparing to set up a chapter in Davao, in part to work out solutions for the industry’s issues in Mindanao.
5G opens up $1.8-billion revenue opportunity for telco — Ericsson study
Telecommunication companies in the Philippines should tap into 5G technology's potential digitalization revenues, which could reach $1.8 billion by 2026, a study by Ericsson...
DICT issues revised third player draft; bidding expected by October
THE Department of Information and Communications Technology (DICT) released a new draft memorandum circular (MC) outlining the selection terms for the third entrant in the telecommunications industry, which tightened some track-record requirements for prospective bidders while loosening some financial criteria.