Balita.org: Your Premier Source for Comprehensive Philippines News and Insights! We bring you the latest news, stories, and updates on a wide range of topics, including politics, culture, economy, and more. Stay tuned to know everything you wish about your favorite stars 24/7.
SHANGHAI, July 31, 2024 /PRNewswire/ — Angel Yeast (en.angelyeast.com) (SH600298), a global leader in yeast manufacturing, is accelerating green transformation in its factory workshops by implementing a series of intelligent, automated, and sustainable technologies that not only improves production efficiency, but also contributes to the sustainable development of the industry.
MANILA, Philippines — The Senate is pushing for the suspension of the implementation of the public transport modernization program, after learning that it has been rushed and without proper planning.
Aiming for a more efficient and inclusive Public Transport Modernization Program (PTMP), Senator Alan Peter Cayetano, along with other senators, seeks to temporarily suspend its implementation through a Senate resolution.
MANILA, Philippines — The most high-profile Senate drama in the past few months centered around the identity of a town mayor, Alice Guo, who was suspended on May 31 for her alleged links to the controversial Philippine offshore gaming operators in Bamban, Tarlac.
MANILA, Philippines — Despite being a crucial fishing ground for scores of Filipino fishers, the West Philippine Sea (WPS) remains largely unmonitored, with global tracking systems in the dark about the true scale of Filipinos' fishing activities in the area.
COTABATO CITY— Soldiers shot dead two gunmen from a group that attacked them while on their way to a secluded area in Barangay Lagandang in Isulan, Sultan Kudarat to pacify two feuding Moro factions in a peacebuilding mission that went awry on Monday.
Senator Idol Raffy Tulfo along with his fellow senators introduced on July 30 a Senate resolution expressing the sense of the Senate to temporarily suspend the implementation of the Public Transport Modernization Program (PTMP), formerly known as the PUV Modernization Program.
Robinsons Retail [RRHI 36.00 ?1.1%; 32% avgVol] [link] teased its H1 and Q2 financial results in a press release, where it revealed that RRHI’s Q2 net income was P1.9 billion, up 34% from its Q2/23 net income of P1.4 billion, with core net earnings up 15% to P1.5 billion. RRHI attributed the jump in Q2 income to “higher dividend income” from its stake in BPI [BPI 122.10 ?0.7%; 127% avgVol], and from “lower losses from associates.” RRHI reported that its “operating income continued to accelerate relative to the topline” thanks to “improvements in sales mix, higher vender support, and optimized costs.”MB BOTTOM-LINE: That BPI dividend income is going to provide a helpful tailwind for RRHI’s earnings for the remainder of the year, but soon that is just going to be a baked-in benefit that won’t even raise an eyebrow. Such is the life of a public company. As a long-term investor, I like how RRHI is already doing what it can to let investors see beneath the layer of dividend cash, to get us to notice the 15% y/y bump in core earnings (which exclude the BPI divs) and the 7.3% y/y bump in operating income. This tells me that the focus and attention of the management team is in the right place for RRHI shareholders.