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MANILA, Philippines -- The last two defeats of the mighty San Miguel Beermen will be a great help in the semifinals of the PBA Philippine Cup, head coach Jorge Gallent said, as the defending champions go into the deep waters starting Friday.
MANILA, Philippines – Developer TiMi Studio Group and publisher Level Infinite have announced that the global launch of MOBA game Honor of Kings with roll-out across many countries, including the Philippines, will be on June 20.
MANILA, Philippines — PLDT wireless subsidiary Smart Communications Inc. (Smart) is making high-speed connectivity even more accessible to Filipinos by introducing the Smart Bro 5G Pocket Pro, a powerhouse device that can connect up to 15 gadgets simultaneously to the Smart 5G network.
MANILA, Philippines — Several areas in the Philippines are expected to experience scorching temperatures of up to 45 degrees Celsius (°C) on Friday, state weather bureau PAGASA reported.
MANILA, Philippines -- The Minnesota Timberwolves forced a Game 7 in their Western Conference semis series with Denver after devouring the Nuggets, 115-70, at the Target Center in Minneapolis Friday (Manila time).
The PSE [link] notified four high-profile companies that their shares would be suspended at 9 AM today if 2023 Annual Reports were not posted. The companies that were put on notice are Tony Tiu’s AgriNurture [ANI 0.57, down 1.7%; 102% avgVol], Philippine Infradev [INFRA 0.53, up 1.9%; 262% avgVol] and two from pseudo-tycoon Dennis Uy, Chelsea Logistics [C 1.30, up 4.0%; 526% avgVol] and Phoenix Petroleum [PNX 4.17, down 0.2%; 78% avgVol]. Should any of these companies fail to submit their Annual Reports before 9 AM, they will remain suspended for up to three months until such report is submitted. If nothing has changed after three months, the PSE must begin involuntary delisting proceedings.
Jollibee [JFC 224.00, up 0.9%; 300% avgVol] [link] posted a Q1 net income attributable of P2.6 billion, up 27% from its Q1/23 net income attributable of P2.1 billion. JFC said it was able to grow profit margins and exceed its Q1 performance outlook thanks to “healthy top line growth combined with further operational efficiencies and effective management of expenses”. JFC’s system-wide sales were up 10.4% to P86.8 billion due to new store additions and same-store sales growth was up 5.5%, which JFC said was due to increased volume. Across all of JFC’s segmented business units, “Europe, Middle East, Asia” had the largest same-store sales growth (+14.7%) and system-wide sales growth (+25.5%). The “People’s Republic of China” and “Highlands Coffee” were negative in terms of same-store sales growth (-3.7% and -9.0%, respectively), and only the People’s Republic of China business unit was negative in terms of system-wide sales growth (-3.7%). JFC said that its difficulties in China are partly due to a high bar effect from last year’s success, and a slowdown in the quick service restaurant industry in that country more generally. JFC said that while Highlands Coffee saw its same-store sales growth fall 9.0%, it did “better than industry” and managed to gain 4% market share during that period.
MANILA, Philippines — If there is nothing new on TV these days, it is the fact that bad boys, such as Seb Terra and Archie Aguerro, or goofballs such as Snoop, still make many viewers drawn to them.