South East Asia

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 2023-03-17 18:22 

Inquirer.net

[ Philippines ]

PSEi ends turbulent week up after Wall Street rallies on bank lifeline...

MANILA Philippine stocks ended the week on a positive note as investors weighed efforts by US monetary authorities and private lenders to contain a looming banking crisis. By the closing bell, the benchmark Philippine Stock Exchange index (PSEi) rose 1.01...

 2023-03-17 18:20 

Inquirer.net

[ Philippines ]

As wild swings rile stock market, computer retailer downsizes IPO...

MANILA, Philippines The country's biggest retailer of computers and IT equipment marked down its planned initial public offering (IPO) by 70 percent to P1.65 billion as risk aversion roared back amid banking contagion fears in the United States. Upson...

 2023-03-17 18:18 

Inquirer.net

[ Philippines ]

LT Group booked P25-B profit in 2022, up 24%...

MANILA, Philippines Billionaire Lucio Tan's flagship conglomerate LT Group Inc. said profits expanded by 24 percent to P25.14 billion in 2022. Net income rose from the previous year, which was weighed down by the removal of a P33.4-billion windfall fr...

 2023-03-17 18:16 

Inquirer.net

[ Philippines ]

Eastern Communications spending P1.04B in 2023 for expansion...

MANILA, Philippines Eastern Communications is allocating P1.04 billion in capital expenditures this year to fund its expansion and rollout of fiber network services across the country. In a statement on Friday, the telecommunication company said the budge...

 2023-03-17 18:14 

Inquirer.net

[ Philippines ]

Qatar firm seeks partner for $500-M PH dairy venture...

MANILA, Philippines Qatar's leading dairy producer has intensified its search for local partners to establish a $500-million integrated dairy facility in the Philippines, a venture requiring at least 5,000 hectares of land to accommodate foraging, a d...

 2023-03-17 18:12 

Inquirer.net

[ Philippines ]

NIA begins work on Capiz's largest irrigation project...

MANILA, Philippines The government has begun the construction of a P664.75-million irrigation project in Capiz, touted as the largest of its kind in the province. In a statement on Friday, the National Irrigation Administration (NIA) said the Bayuyan Smal...

 2023-03-17 18:10 

Inquirer.net

[ Philippines ]

Ayala-led IMI pares losses but cost constraints linger...

MANILA, Philippines Integrated Micro-Electronics Inc. (IMI), the semiconductors and electronics manufacturing arm of the Ayala group, narrowed losses in 2022 while revenues expanded by 8 percent to $1.4 billion. "Despite the ongoing component shortage...

 2023-03-17 15:10 

Inquirer.net

[ Philippines ]

PBA: Brownlee, Ginebra expect tough duel vs No. 6 NLEX...

MANILA, Philippines--Barangay Ginebra settled for the No. 3 seed in the PBA Governors' Cup on Friday night and will now battle No. 6 NLEX in the quarterfinals.But somehow, resident import Justin Brownlee doesn't see the defending champions as heav...

 2023-03-17 14:37 

Inquirer.net

[ Philippines ]

Spikers' Turf: Iloilo books semis spot to complete cast...

MANILA, Philippines --- Iloilo booked the fourth and last semifinal ticketas Jade Disquitado poured in 25 points to torch the also-ran Vanguard, 23-25, 25-12, 25-22, 25-21, in the Spikers' Turf Open Conference on Friday at Paco Arena.Disquitado, a nat...

 2023-03-17 14:32 

Inquirer.net

[ Philippines ]

NBTC: Ateneo rebounds from loss, advances to Division 2's Fearless Four...

MANILA, Philippines---After losing their Super 24 seeding match on the first day of the Smart-NBTC National Finals, Ateneo turned things around by punching its ticket in Division 2's Fearless Four at Mall of Asia Arena on Friday.The Blue Eagles defeat...

 2023-03-17 13:55 

Inquirer.net

[ Philippines ]

B.League: Dwight Ramos steers Hokkaido to bounce back win...

MANILA, Philippines --- Dwight Ramos helped Levanga Hokkaido in regaining their winning ways as they edged out the SeaHorses Mikawa, 80-77, in the 2022-23 B.League season on Friday at Hokkai Kita-yale Gym.Ramos delivered 13 points, three rebounds, three a...

 2023-03-17 13:50 

Inquirer.net

[ Philippines ]

FEU-D sweeps Adamson to take UAAP Season 85 juniors basketball crown...

MANILA, Philippines---Far Eastern University-Diliman won its first UAAP boys' basketball tournament championship since Season 79 after sweeping Adamson with a 77-76 clincher in Game 2 of the Finals at San Juan Arena on Friday.After scoring 13 points i...

 2023-03-17 13:23 

Inquirer.net

[ Philippines ]

Healthy enough to still play, James Yap awaits Rain or Shine decision on his future...

MANILA, Philippines--Whether he re-signs with Rain or Shine, moves on to another club, or finally calls it a career is the farthest thing from James Yap's mind.At least for now."We're going to have two weeks break, so I'm just going to foc...

 2023-03-17 12:49 

Inquirer.net

[ Philippines ]

PBA: TNT grabs top seed with comeback win, send Ginebra to No. 3...

MANILA, Philippines--Dragged in a tight end-game by an enemy also looking to gain top seeding, TNT turned to its foremost weapon late in the game and found resounding success.Roger Pogoy scored 10 of his total 22 points in a blistering fightback down the ...

 2023-03-17 12:46 

Cebu Daily News

Group asks gov't to implement comprehensive sex education...

MANILA, Philippines — Recent reports of adolescents contracting human immunodeficiency virus (HIV) have prompted a women's rights advocacy group to call for implementing comprehensive sexual education (CSE) to help children and teenagers avoid s...

 2023-03-17 12:34 

Cebu Daily News

HUDO : 24 housing units ready to be turned over to Mandaue fire victims...

MANDAUE CITY, Philippines — Twenty four housing units are now ready to be turned over on Saturday, March 18, to some of the fire victims of Barangay Looc, Mandaue City. On Friday morning, March 17, police volunteers, personnel of the Housing Urban a...

 2023-03-17 12:31 

Inquirer.net

[ Philippines ]

PH Gymnastics hopes to unearth more world-class talent with Japan grant...

MANILA, Philippines---With the Japanese government's assistance through a grant to help the gymnastics grassroots program, the Philippines hopes to find more worthy gymnasts to represent the country on the global stage.The Gymnastics Association of th...

 2023-03-17 12:10 

Cebu Daily News

PNP puts up IAS desks, drop boxes to monitor police performance...

MANDAUE CITY, Philippines — The Philippine National Police Internal Affairs Service (IAS) of Mandaue City and Lapu-Lapu City are putting up IAS desks and drop boxes in the barangays of Mandaue City. So far, IAS Desks and drop boxes were already put ...

 2023-03-17 11:43 

Cebu Daily News

Bahay leads Magis Eagles in routing Red Robins for 3rd straight win in NBTC national finals...

CEBU CITY, Philippines — Jared Bahay proved why he's the country's No. 1 high school basketball player after erupting with 31 points in Sacred Heart School-Ateneo de Cebu (SHS-AdC) Magis Eagles-Landmasters' lopsided victory against the M...

 2023-03-17 11:28 

Cebu Daily News

Gentle Giants eye 10th win in PFL football...

CEBU CITY, Philippines — The CFC Gentle Giants eye back-to-back victories in the Philippines Football League (PFL) when they take on the Maharlika Manila FC on Sunday, March 19, at the latter's home turf in Mckinley Hill Football Stadium in Tagu...

 2023-03-17 11:22 

Inquirer.net

[ Philippines ]

Early exit in PVL All-Filipino 'wake up call' for Cignal, says coach Shaq...

MANILA, Philippines --- After their streak of three straight semifinal appearances was snapped in the 2023 Premier Volleyball League All-Filipino Conference, Cignal coach Shaq Delos Santos admitted that competition this season has reached another level.Ci...

 2023-03-17 10:45 

Cebu Daily News

CDN Digital receives 4 nominations for 10th GMEA...

CEBU CITY, Philippines — CDN Digital, Cebu's only independent news outlet, has received four nominations in the 10th Globe Media Excellence Awards (GMEA). Globe Telecom on March 17 unveiled the complete list of nominees for the 10th GMEA. CDN Di...

 2023-03-17 10:26 

Inquirer.net

[ Philippines ]

PVL: Despite growth, PLDT still needs to fully embrace new system soonMika Reyes...

MANILA, Philippines --- Mika Reyes believes that PLDT has grown in all aspects under new coach Rald Ricafort as they make their second semifinal appearance in the Premier Volleyball League.But she insists that they need immediately fully adapt to the new ...

 2023-03-17 10:20 

Cebu Daily News

Talent manager recalls 'begging' for roles for David Licauco...

"Maria Clara at Ibarra" was supposed to be David Licauco's "one last hurrah." Disheartened by his seemingly stagnating career, the 28-year-old actor was ready to call it quits with show biz last year. However, the unexpected success of...

 2023-03-17 10:18 

Cebu Daily News

SWU Medical Center opens new facilities...

Southwestern University Medical Center (SWUMed) closes the first quarter of 2023 with the opening and blessing of its new Doctors' Clinics, Pharmacy, and Cardiology Unit last March 9, 2023. The event was attended by its key stakeholders led by Southwe...

 2023-03-17 10:06 

Cebu Daily News

Gabriela outraged by alleged intimidation by self-proclaimed OPAPRU men...

MANILA, Philippines — Gabriela Women's Party on Friday slammed the alleged harassment of one of its members by men who introduced themselves as personnel of the Office of the Presidential Adviser on Peace, Reconciliation, and Unity (OPAPRU), for...

 2023-03-17 10:03 

Cebu Daily News

Gesta looks to family for added boost in upcoming fight against American Diaz...

CEBU CITY, Philippines — Cebuano lightweight contender Mercito "No Mercy" Gesta dedicates his upcoming bout against American Joseph Diaz in Long Beach, California to his child and family. The 35-year-old Gesta, a native of San Remigio, north...

 2023-03-17 09:57 

Inquirer.net

[ Philippines ]

Warriors unsure if Andrew Wiggins, out for personal reasons, will return...

The Golden State Warriors are uncertain whether forward Andrew Wiggins will return this season.Wiggins, 28, has been away from the team for undisclosed personal reasons for a month.He last played on Feb. 13 and is averaging 17.1 points and 5.0 rebounds in...

 2023-03-17 09:48 

Cebu Daily News

SWU Villa opens; houses the College of Dentistry...

The closing of the school year is fast approaching in a few months, and Southwestern University (SWU) PHINMA is already on the brink of preparations for SY 2023-2024. The university now focuses on new facilities that will enhance student learning. In line...

 2023-03-17 09:47 

Inquirer.net

[ Philippines ]

La Salle Greenhills standouts commit to UP Fighting Maroons...

MANILA, Philippines --- La Salle Greenhills trio Luis Pablo, Seven Gagate, and Josh Coronel have committed to spend their collegiate careers at University of the Philippines.A day after the LSGH got swept by Letran in the NCAA Season 98 juniors Finals, th...

 2023-03-17 09:40 

Inquirer.net

[ Philippines ]

PBA: San Miguel beats Rain or Shine to boost bid for top spot...

MANILA, Philippines--San Miguel reached for the knob of the PBA Governors' Cup top seed on Friday afternoon after slipping past also-ran Rain or Shine, 129-116, at Philsports Arena in Pasig City.Buoyed by Vic Manuel, San Miguel pulled away in the thir...

 2023-03-17 09:35 

Inquirer.net

[ Philippines ]

Vietnam plans tighter limits on stakes in banks in blow to foreign investors...

HANOI Vietnam's central bank is seeking to reduce the maximum stake investors can hold in Vietnamese banks, according to a published draft document on a regulatory change that would make the sector less attractive to foreigners. Under the proposal, pu...

 2023-03-17 09:25 

Inquirer.net

[ Philippines ]

Japan's labor unions confirm three-decade-high wage hikes of 3.8%...

TOKYO Japan's major companies have agreed at their annual labor talks with average wage hikes of 3.8 percent for the coming fiscal year, the largest raise in about three decades, trade union confederation Rengo said on Friday. The preliminary survey o...

 2023-03-17 09:24 

Cebu Daily News

Caohagan declared drug-free barangay, the first in Lapu-Lapu City...

LAPU-LAPU CITY, Philippines — A Drug-Free Barangay marker was unveiled on Friday at Barangay Caohagan, Lapu-Lapu City. The unveiling was done by the Regional Oversight Committee on Barangay Drug-Clearing Program. Coahagan is an islet barangay of Ola...

 2023-03-17 08:57 

Inquirer.net

[ Philippines ]

Australia report calls for tax, migration reforms as productivity stalls...

SYDNEY Australia's Productivity Commission called on the federal government on Friday to improve tax and migration systems, remove import tariffs and secure net-zero carbon emissions at the lowest cost to boost stalling economic productivity. The repo...

 2023-03-17 08:45 

Cebu Daily News

PDP-Laban members' support for Cha-cha should be 'automatic' — Padilla...

MANILA, Philippines — The support of Partido Demokratiko Pilipino Lakas ng Bayan (PDP-Laban) members for Charter change (Cha-cha) should be nothing short of "automatic," Senator Robin Padilla said on Friday. In a virtual press briefing, Padi...

 2023-03-17 08:35 

Inquirer.net

[ Philippines ]

Global turmoil makes Australian banks' refinancing mountain a harder climb...

SYDNEY A A$300 billion ($201.21 billion) refinancing task for Australia's biggest banks is about to get harder, say analysts, as appetite for new debt shrinks across global markets roiled by concerns about bank stability and liquidity. Australia's...

 2023-03-17 08:23 

Cebu Daily News

Bong Go expresses dismay over re-emergence of ninja cops...

MANILA, Philippines — Senator Christopher "Bong" Go has expressed disappointment over the re-emergence of the issue of "ninja cops," and called on authorities to remain relentless in the fight against criminality and illegal drugs. P...

 2023-03-17 08:23 

Inquirer.net

[ Philippines ]

UK drops plan to tax sovereign wealth funds...

LONDON British finance minister Jeremy Hunt has dropped a plan to tax sovereign wealth funds investing in Britain, according to a government document. The report, detailing the measures in a budget plan announced by Hunt on Wednesday, said "the govern...

 2023-03-17 08:10 

Inquirer.net

[ Philippines ]

Japanese, South Korean businesses seek to leave behind difficult history...

TOKYO/SEOUL -Business leaders from Japan and South Korea pledged to work more closely on chips and technology on Friday, seeking to put behind years of acrimony over wartime history that have stoked South Korean public anger. South Korean President Yoon S...

 2023-03-17 07:57 

Inquirer.net

[ Philippines ]

Oil rises on demand hopes as banking crisis fears subside...

SINGAPORE Oil prices firmed on Friday after a meeting between Saudi Arabia and Russia calmed markets amid strong China demand expectations, but were headed for their biggest weekly falls since December as a banking crisis rocked global financial and oil m...

 2023-03-17 07:37 

Cebu Daily News

Capitol: 3 gov't agencies on Cebu Province lots accept relocation offer...

CEBU CITY, Philippines — Three government agencies whose offices stand on properties owned by the Cebu Provincial government have agreed to the relocation offer of the Capitol. In a statement on social media on Friday, March 17, 2023, the Capitol...

 2023-03-17 05:50 

Inquirer.net

[ Philippines ]

Elon Musk Might Build A New City In Texas...

Elon Musk has made electric cars, satellite internet, and space rockets, but he might create something you never expected: a city. The Wall Street Journal reported that he might build a town in Bastrop County, Texas, from the ground up. The WSJ report des...

 2023-03-17 04:10 

Inquirer.net

[ Philippines ]

SAIC-Volkswagen offers $537M in subsidies through April 30...

BEIJING SAIC Volkswagen Automotive Co is offering 3.7 billion yuan ($537 million) in cash subsidies for car purchases in China, joining more than 40 brands in what analysts have called a price war in the world's largest auto market. The joint venture ...

 2023-03-17 04:00 

Inquirer.net

[ Philippines ]

Fitch says Asia-Pacific banks resilient to risks highlighted by U.S. bank failures...

Ratings agency Fitch said on Thursday that direct exposures to Silicon Valley Bank and Signature Bank among its portfolio of rated banks in the Asia-Pacific (APAC) region appear limited. Weaknesses that led to the failure of the two banks are among the fa...

 2023-03-17 03:52 

Inquirer.net

[ Philippines ]

Japan says closely coordinating with BOJ, overseas authorities on banking issues...

TOKYO Japan's government is closely coordinating with the Bank of Japan and financial authorities overseas to prevent fallout from the crisis of confidence engulfing banks in the West, Finance Minister Shunichi Suzuki said on Friday. Market turmoil in...

 2023-03-17 03:31 

Inquirer.net

[ Philippines ]

Bank lifelines ease global financial crisis fears...

Multi-billion dollar lifelines for troubled U.S. and European banks shored up investor confidence on Friday and bolstered sentiment in battered stocks, although concerns now center on whether a global financial crisis has been fully averted. Large U.S. ba...

 2023-03-17 03:12 

Inquirer.net

[ Philippines ]

PH gov't posted P46-B budget surplus in January...

MANILA The Philippine national government ran a P45.7-billion budget surplus in January, reversing the P23.4-billion deficit recorded in the same month a year ago, according to Finance Secretary Benjamin Diokno. Citing data at the Bureau of the Treasury, ...

 2023-03-17 03:00 

Inquirer.net

[ Philippines ]

Dollar slips as banks rescue makes room for relief rally...

SINGAPORE The dollar slipped on Friday as risk sentiment improved after authorities and banks moved to ease stress on the financial system in major markets, taking heat off other major currencies that tumbled earlier in the week in the wake of bank turmoi...

 2023-03-17 02:48 

Inquirer.net

[ Philippines ]

Asian markets take breather from banking turmoil, capping tumultuous week...

SYDNEY Asian markets extended a risk rally on Wall Street on Friday to end a tumultuous week that saw a brewing banking crisis send bond yields plunging while market participants sharply lowered expectations of future interest rate hikes in Western econom...

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