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Semirara Q1 profit: P6.5-B (down 28%) - philstar.com - Philippines

Semirara Q1 profit: P6.5-B (down 28%)

Semirara Mining and Power [SCC 32.10, down 2.0%; 74% avgVol] [link] posted a Q1 net income of P6.5 billion, down 27.6% y/y from its Q1/23 net income of P9.0 billion, and up 23% q/q from its Q4/23 net income of P5.3 billion. SCC attributed the lower y/y performance to a combination of higher coal-related expenses and lower market prices for electricity and coal. Revenues were down 11% due to the lower selling prices, despite “increased coal and electricity sales volumes”. Coal shipments were up 37% y/y to 4.8 million metric tons, but the average selling price dropped 33% from P4,427/ton to P2,978/ton. The power segment revenues fell 25% y/y due to a 28% drop in the average selling price of electricity.

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Nancy Binay - Press Release - Statement of Senator Nancy Binay on food tourism - legacy.senate.gov.ph - Philippines

Press Release - Statement of Senator Nancy Binay on food tourism

Our street delicacies offer a raw and authentic glimpse into local cultures and flavors which showcase the heart and soul of a place.

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Belo Medical Group proves it's the pioneer in beauty treatments in Philippines; wins top award - philstar.com - Philippines - city Manila, Philippines

Belo Medical Group proves it's the pioneer in beauty treatments in Philippines; wins top award

MANILA, Philippines — For years now, Belo Medical Group has pioneered in the country Profhilo, a low-maintenance injectable that moisturizes and lifts the face, prevents skin from sagging and slows down aging. As such, the group received Neoasia’s prestigious Platinum Award as the No. 1 in Profhilo in the Philippines.

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Market-based schemes not reducing deforestation, poverty — report - philstar.com - Malaysia - France - city Paris, France - Congo

Market-based schemes not reducing deforestation, poverty — report

PARIS, France — Market-based approaches to forest conservation like carbon offsets and deforestation-free certification schemes have largely failed to protect trees or alleviate poverty, according to a major scientific review published on Monday.

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International - The week ahead - philstar.com - Philippines - Usa - Australia

The week ahead

Let’s take a look forward at a clean, holiday-free week for the PSE and the US market.PH:  Today (Monday) is the last day of OceanaGold PH’s offer period. The listing comes on the 13th. Tomorrow (Tuesday), we will get the April inflation figure from the Philippine Statistics Authority (PSA), which should feed into the BSP’s decision-making process for its May 16 rates meeting. On Thursday we have the Q1 GDP info from the PSA, and the settlement of the Premium Leisure Corp [PLC 0.73 ?4.3%; 1% avgVol] tender offer.International:  It’s a week of speeches from US economic managers, plus the Reserve Bank of Australia will have a rates decision on Tuesday, and the Bank of England will have a rates decision on Friday.MB BOTTOM-LINE: The calendar is starting to pick up. I don’t expect any rate-setting surprises from the BSP or any of the international central banks, but I will be reading the statements and the analysis pretty closely to see how they frame inflation’s stickiness and to note any changes in expectations. We should also hear soon from Citicore Renewable Energy about the offer period for its upcoming IPO if it still hopes to list on May 31, unless they’re planning to let the dates slip further into Q2 for a mid- or late-June listing. As for April’s inflation figure, lots of noise about it coming in above 4%, with yet more pain for families in the form of higher rice and meat prices. 

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Bella Cariaso - Raul Montemayor - El Niño - International - P40/kilo rice not achievable – FFF - philstar.com - Philippines - city Manila, Philippines

P40/kilo rice not achievable – FFF

MANILA, Philippines — The retail price of rice will not return to its previous level of P40 per kilo as the prevailing cost in the market remains high, farmers’ group Federation of Free Farmers (FFF) national manager Raul Montemayor said yesterday.

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Christina Frasco - Rosette Adel - El Nido - International - Philippines to showcase tourism offerings at Arabian Travel Market, Seoul Int’l Travel Fair 2024 - philstar.com - Philippines - city Seoul - city Dubai - city Manila, Philippines

Philippines to showcase tourism offerings at Arabian Travel Market, Seoul Int’l Travel Fair 2024

MANILA, Philippines — The Department of Tourism and its marketing arm, Tourism Promotions Board, are set to lead the delegation who will spotlight Philippines' tourism offerings in back-to-back travel and trade events this month.

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Imee Marcos - El Niño - Press Release - Imee: Cut out rice middlemen and revive NFA-FTI-KADIWA system - legacy.senate.gov.ph - Philippines

Press Release - Imee: Cut out rice middlemen and revive NFA-FTI-KADIWA system

Senator Imee Marcos proposed a "better guarantee" to bring down the cost of rice than authorizing the National Food Authority (NFA) to bring rice directly to wet markets.

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