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CTS Global FY23 profit: P23-M (down 56%) - philstar.com - Usa

CTS Global FY23 profit: P23-M (down 56%)

CTS Global [CTS 0.71 unch; 5% avgVol] [link] posted a FY23 net income of P23 million, down 56% from the P52 million it reported in FY22. CTS said that its total revenues increased 18% to P103.7 million, driven by interest income from its low-yield government bonds. CTS booked P0.5 million in combined trading revenue from its global and local trading desks, down 98% from the P32.5 it earned the previous year. Domestically, CTS earned P20.6 million in income, down 20% from the previous year’s P25.9 million. Internationally, CTS lost P20.1 million, down 404% from the previous year’s P6.6 million. CTS blamed its poor trading performance on the “broad equity weakness” that resulted from “the US Fed’s stance to keep interest rates higher for longer to combat inflation and among other various events that introduced uncertainty into the markets.” CTS also noted “elevated geopolitical tensions”, “erratic adjustments to interest rates across major economies”, and “persistent volatility in commodity prices” as drivers of the “tumultuous conditions” that made trading operations difficult.

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Joe Biden - Ferdinand Marcos-Junior - Fumio Kishida - Marcos - Philippines' Marcos has no plans to grant US access to more bases - timesofindia.indiatimes.com - Philippines - Usa - Japan - China - Taiwan - Washington - county Island - city Beijing - city Manila - city Washington

Philippines' Marcos has no plans to grant US access to more bases

MANILA: The Philippines has no plans to grant the United States access to more military bases, President Ferdinand Marcos Jr said on Monday, after nearly doubling the number last year under a joint defence pact.Beijing has previously accused the Philippines of "stoking the fire" when it increased the number of bases the US military could use to nine from five, with the new sites located close to potential flashpoints.

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Ferdinand Marcos - Joe Biden - Lloyd Austin - Agence FrancePresse - Philippine President Ferdinand Marcos Rules Out Giving US More Access To Military Bases - ndtv.com - Philippines - Usa - Japan - China - Taiwan - city Beijing - city Manila - city Washington

Philippine President Ferdinand Marcos Rules Out Giving US More Access To Military Bases

Philippine President Ferdinand Marcos said Monday the United States would not be given access to more Philippine military bases.

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Jan Milo Severo - Sharon Cuneta - What are Lumbar Thrombosis, Osteoarthritis? Sharon Cuneta shares health condition - philstar.com - Philippines - Usa - city Makati - city Manila, Philippines

What are Lumbar Thrombosis, Osteoarthritis? Sharon Cuneta shares health condition

MANILA, Philippines — "Megastar" Sharon Cuneta gave an update on her health condition. 

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Joe Biden - Benjamin Netanyahu - Daniel Hagari - Stocks hit by Iran-Israel fears, containment hopes stem losses - philstar.com - Usa - China - Hong Kong - Israel - Syria - Iran - city Tokyo - city Taipei - city Seoul - city Manila - city Singapore - city Shanghai - city Tehran - city Wellington - city Mumbai

Stocks hit by Iran-Israel fears, containment hopes stem losses

HONG KONG, China — Equities retreated Monday after Iran ramped up Middle East tensions by launching a barrage of missiles and drones at Israel over the weekend, fuelling fears of a wider conflict in the volatile region.

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Ferdinand Marcos - Joe Biden - Fumio Kishida - Ramon Bong Revilla - Press Release - Revilla hopeful over historic trilateral meet - legacy.senate.gov.ph - Philippines - Usa - Japan - China - county Bay - county Clark - county White

Press Release - Revilla hopeful over historic trilateral meet

SENATOR Ramon Bong Revilla, Jr. today expressed optimism over the first trilateral meeting between the Philippines, Japan, and the United States held in the White House on April 11.

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Earl DC Bracamonte - ‘Ghostbusters: Frozen Empire’ registers ‘unique, impressive’ opening – analyst - philstar.com - Philippines - Usa - France - New York - city Manila, Philippines

‘Ghostbusters: Frozen Empire’ registers ‘unique, impressive’ opening – analyst

MANILA, Philippines — "Ghostbusters: Frozen Empire" scared its way to the top of the North American box office, taking in an estimated $45.2 million (about P2.5 trillion) in what one analyst called a "unique and impressive opening” at the end of last month.

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Race for AI isn't zero-sum, says Amazon cloud boss - philstar.com - Usa - France - San Francisco, Usa

Race for AI isn't zero-sum, says Amazon cloud boss

SAN FRANCISCO, United States — As Google races with Microsoft and OpenAI to create world-changing generative artificial intelligence, some critics see Amazon as lagging behind.

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Antonio Guterres - Ian Laqui - International - Increasing tensions between Israel, Iran 'concerning' — DFA - philstar.com - Philippines - Usa - France - Israel - Syria - Iran - city Manila, Philippines

Increasing tensions between Israel, Iran 'concerning' — DFA

MANILA, Philippines — The Philippines expressed its "serious concern" over the "increasing tensions" between Israel and Iran after the latter’s recent attacks, the Department of Foreign Affairs said in a statement on Monday. 

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