LIVE Updates: Miss Universe 2024 finals, coronation night
LIVE Updates: Miss Universe 2024 finals, coronation nightMANILA, Philippines — Miss Universe 2024 held its coronation night in Mexico City on November 17 (Philippine time). From 130,126 contestants vied to take home the crown — the most for the competition's 73-year history. This year, the competition also introduced a new format and a new crown made by Filipino brand Jewelmer.
Source:Philippine Star
November 16, 2024 22:44 UTC
LIVE updates: Tropical cyclone 'Pepito'
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Source:Philippine Star
November 16, 2024 22:15 UTC
Bargain hunting helps market snap losing streak
Bargain hunting helps market snap losing streakThe Philippine Stock Exchange is located at Bonifacio Global City in Taguig, Metro Manila. MANILA, Philippines — The stock market roared back into life, snapping its seven-day losing streak as investors capitalized on bargains. The benchmark Philippine Stock Exchange index (PSEi) climbed by 1.82 percent or 119.56 points to finish the week on a high note at 6,676.65. This is considered a healthy upward correction amid some bargain hunting or bottom-fishing activities,” RCBC chief economist Michael Ricafort said. Market breadth finally turned out positive as advancers crushed decliners, 146 to 56, while 52 issues were unchanged.
Source:Philippine Star
November 16, 2024 04:02 UTC
3 slain in separate gun attacks in Maguindanao provinces
COTABATO CITY — Three persons were killed in two separate gun attacks in Maguindanao del Norte and Maguindanao del Sur provinces on Thursday afternoon. Two gunmen ambushed two cousins who were both on board a Honda Civic along the national highway in Shariff Aguak town, Maguindanao del Sur around 5 p.m. Article continues after this advertisementLt. Col. Reggie Albellera, Shariff Aguak police chief, identified the fatalities as Johari Moksin and Hamod Moksin, both of Barangay Kulalo, Mamasapano town, Maguindanao del Sur. Pacete was having lunch at a roadside carinderia in Sitio Grotto, Barangay Tamontaka, when she was shot. Subscribe to our daily newsletter SIGN ME UPREAD: Cebu City shootings: 2 separate attacks, 1 dead, 1 wounded
Source:Philippine Daily Inquirer
November 15, 2024 19:39 UTC
Del Monte beefing up presence in India
Del Monte beefing up presence in IndiaDMPL said it is restructuring its investment in India by exchanging its shares in Del Monte Foods Private Ltd. (Del Monte India) for a 13-percent direct shareholding in ATFL. DMPL said it is restructuring its investment in India by exchanging its shares in Del Monte Foods Private Ltd. (Del Monte India) for a 13-percent direct shareholding in ATFL. “Under Sundrop Brands’ platform, we believe the Del Monte brand will reach new heights in India. Its acquisition of Del Monte India is seen bringing an established portfolio of food products under ATFL’s umbrella, marking a significant step forward in its strategic expansion. DMPL said that ATFL is well positioned to further grow the Del Monte brand in India.
Source:Philippine Star
November 15, 2024 19:02 UTC
Alliance Global posts steady 9-month profit
For the third quarter alone, net income rose to P6.2 billion from P6 billion a year earlier while revenues reached P54.1 billion from P51.3 billion. Tan noted that the growth was achieved despite challenges brought about by generally elevated inflation and a weaker global economy. By segment, township developer Megaworld grew its net income by 14 percent in the first nine months to P13.7 billion from P12 billion a year ago, boosted by stronger real estate sales. AdvertisementIn the liquor business, consolidated revenues of the Emperador brand fell to P43.2 billion from P47.1 billion, attributed to weaker demand in key markets such as Spain, Mexico and the Philippines. AdvertisementAlliance Global shares were up 27 centavos, or 3.1 percent, at P8.97 each on Friday amid a 1.82-percent advance for the benchmark Philippine Stock Exchange index.
Source:Manila Times
November 15, 2024 16:31 UTC
LRT 1 Cavite Extension begins operations on Saturday (Nov. 16)
MANILA, Philippines — The operations of the Light Rail Transit Line 1 Cavite Extension (L1CE) Phase One are set to commence on Saturday, November 16. This was announced by President Ferdinand Marcos Jr., who also led the inauguration ceremony of the trail extension on Friday. Article continues after this advertisement“Mag-start ang operation bukas ng alas singko na umaga,” he said in a brief ambush interview. (The operation will start tomorrow at 5 a.m.)“Kaya hinihiyakat ko lahat ng commuter, subukan ninyo at makikita ninyo. The five new stations include Redemptorist-Aseana Station, MIA Road Station, PITX Station, Ninoy Aquino Avenue Station, and Dr. Santos (formerly Sucat) Station.
Source:Philippine Daily Inquirer
November 15, 2024 15:20 UTC
Philippines braces for incoming storm
Typhoon Usagi weakened sharply on November 15 after bearing down on the Philippines' northern towns, blowing away houses in its path as authorities brace for another storm that could hit the capital Manila over the weekend. Philippines braces for incoming storm (Photo: philstar.com)Hanoi (VNA) – Typhoon Usagi weakened sharply on November 15 after bearing down on the Philippines' northern towns, blowing away houses in its path as authorities brace for another storm that could hit the capital Manila over the weekend. Usagi, known locally as Ofel, intensified into a super typhoon as it made landfall in the town of Baggao in Cagayan province on November 14 afternoon. Meanwhile, authorities are monitoring Typhoon Man-yi, forecasted to make landfall in eastern towns and the Manila region this weekend. Currently intensifying over the Western Pacific, Man-yi could escalate to super typhoon status by early November 17.
Source:Philippine Star
November 15, 2024 12:19 UTC
Endless stream of storms draining PH GDP, home incomes
As the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) said on the day Nika made landfall in Dilasag, Aurora, Ofel (international name: Usagi) will enter PAR on Tuesday (November 12). READ: Pepito enters PAR, may become a typhoonSo how much more can the Philippines, or Luzon, take? Article continues after this advertisementTyphoon’s wayAccording to the website Science Direct, an average of 20 typhoons, or 25 percent of typhoons worldwide, barrel their way into the Philippines every year. Some years back, the ADB shared, too, that typhoons cost the Philippines some $20 billion in 1990 to 2020. These included some of the strongest typhoons that hit the country: Rolly, Yolanda, Ferdie, Juan, and Iliang.
Source:Philippine Daily Inquirer
November 15, 2024 04:49 UTC
DA bans poultry from Japan, Austria
THE Department Agriculture (DA) on November 12 imposed a temporary ban on the importation of poultry products from Japan and Austria, following outbreaks of avian influenza or bird flu in both countries. The ban covers domestic and wild birds and their products from Japan, including poultry meat, day-old chicks, eggs, and semen. Poultry shipments from Japan already in transit before Oct. 2 were allowed to enter the Philippines. However, data from DA's Bureau of Animal Industry showed these countries have not shipped any poultry meat here since the year started. Denmark import ban liftedIn another order, the DA lifted the import ban on domestic and wild birds, as well as their products, originating from Denmark.
Source:Manila Times
November 15, 2024 04:24 UTC
Guru of agricultural economics
In agricultural economics, the uncontested guru in the country is Cristina David. Her insightful analyses of how the process of agricultural development is triggered and promoted have enriched our knowledge of the Philippine agricultural economy. Those who attended were a "who's who" list in the field of agricultural economics, both here and abroad, clearly manifesting the extensive intellectual influence and legacy of David. David's early works expounded on the trigger and causes of agricultural development in the Philippines, particularly that of the rice sector. The reunion of experts in the field of agricultural economics undeniably revealed that we are not short of ideas that will trigger and promote Philippine agricultural development.
Source:Manila Times
November 15, 2024 04:19 UTC
DOTr finalizing MRT 4 design after securing $1-B ADB funding for project
Transportation Secretary Jaime Bautista, on the sidelines of an event in Pasay City on Thursday, told reporters the funding for the railway project had been secured. Article continues after this advertisementThe DOTr previously expressed the need to obtain the much-needed financing for the infrastructure project. The MRT 4 project had initially a project cost of P58.92 billion, but this was estimated to go up due to the redesigning. Article continues after this advertisementRicardo Rail, under this contract, was tasked with identifying, defining, and developing the operational and maintenance requirements for the railway project. In 2021, the transportation department inked an engineering and architectural contract with Spain’s IDOM Consulting Engineering, Architecture SA.
Source:Philippine Daily Inquirer
November 15, 2024 03:47 UTC
Market extends losing streak
Market extends losing streakThe benchmark Philippine Stock Exchange index took a nosedive on Thursday, shedding 2.34 percent or 157.24 points to end at 6,557.09. MANILA, Philippines — Share prices plunged anew yesterday as investors continue to exit the market, extending the local bourse’s losing streak to seven days. The benchmark Philippine Stock Exchange index took a nosedive on Thursday, shedding 2.34 percent or 157.24 points to end at 6,557.09. The broader All Shares index also plummeted deeper in the red, dropping by 2.95 percent or 111.84 to 3,680.62. Market breadth was negative as decliners crushed advancers, 181 to 35, while 38 issues were unchanged.
Source:Philippine Star
November 14, 2024 22:10 UTC
WB approves 750 mln USD loan to boost Philippines' digital transformation
The World Bank (WB) approved a loan of 750 million USD on November 13 to help boost digital transformation in the Philippines. Illustrative photo (Photo: philstar.com)Hanoi (VNA) – The World Bank (WB) approved a loan of 750 million USD on November 13 to help boost digital transformation in the Philippines. According to the bank’s press release, the Second Digital Transformation Development Policy Loan supports the Philippines' efforts to transform the country's digital sector through enhanced connectivity, digitalisation, a dynamic innovation ecosystem, and private sector partnerships. The WB emphasised that greater digitalisation is crucial for an economy like the Philippines, characterised by a large population spread across many islands. It added that digital connectivity and Filipinos' participation in the digital economy are vital to bridging geographic and socio-economic divides.
Source:Philippine Star
November 14, 2024 04:06 UTC
John Krasinski is 'Sexiest Man Alive' 2024 for People magazine
John Krasinski is 'Sexiest Man Alive' 2024 for People magazineJohn Krasinski arrives for the premiere of 'If' at the SVA Theater in New York City. MANILA, Philippines — Filmmaker and actor John Krasinski was named by People magazine as the "Sexiest Man Alive" for 2024. "That's not how I wake up, thinking, 'Is this the day that I'll be asked to be Sexiest Man Alive?'" He admitted that being the "Sexiest Man Alive" doesn't make much of a difference, quipping that he might have to do more chores at home. Krasinski succeeds Patrick Dempsey as the "Sexiest Man Alive," a title previously held by the likes of Chris Evans, Paul Rudd, Michael B. Jordan, Idris Elba, Dwayne Johnson, David Beckham, Chris Hemsworth, and Channing Tatum.
Source:Philippine Star
November 13, 2024 20:47 UTC