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MACAU, China – The Asian Tour wants to add a lucrative event before June to help its players qualify for this summer's Paris Olympics, the head of the tour's International Series told AFP on Wednesday.
The increased presence of Chinese dredging vessels operating in Zambales province is a matter of serious concern. The authorities claim that the purpose is to rehabilitate the heavily silted river channels and prevent flooding, but recent news reports suggest otherwise. These vessels are extracting sand from our rivers and transporting it to the reclamation areas.
Q: Senator Hontiveros, good morning to you.
MANILA, Philippines — Sobra pala ang atungal ni Claudine Barretto sa wake ni Ms. Jaclyn.
LOS ANGELES – Myles Turner scored 24 points as the Indiana Pacers snapped the Oklahoma City Thunder's three-game winning streak with a 121-111 victory on the road Tuesday (Wednesday Manila time).
MANILA, Philippines – Guard Mac Tallo is heading up north and joining the Abra Weavers in the Maharlika Pilipinas Basketball League (MPBL), the team said.
Roxas and Company [RCI 0.88, up 49.1%] [link] saw its shares shoot up 49% in yesterday’s trading session, prompting an inquiry from the Capital Markets Integrity Corp. (the market watchdog) for an explanation. RCI responded that it has “no knowledge or information that may account for the unusual movement of its stock price”. However, there was significant speculation in several online forums on the potential use cases for the 1,619 hectares of land that the Department of Agrarian Reform recently confirmed to belong to RCI. The speculation centered around the possibility that Manny Pangilinan, through his control of Metro Pacific Investments and SP New Energy [SPNEC 1.08 unch], could leverage MPI’s connections with RCI to use its voluminous land holdings as potential sites for future solar farms under the SPNEC banner. None of the companies involved have made any statements (that I could find) in support of the speculation’s thesis, but the pump happened anyway.
Jollibee [JFC 262.00, up 0.8%] [link] posted an FY23 net income attributable of P8.8 billion, up 16% from its FY22 net income of P7.6 billion. Systemwide sales were up 16.3% to P345 billion, with the biggest growth coming from China (+21.9%), the Philippines (+17.6%) and EMEA (+16.0%). Same-store sales growth was up 10.6%, with the biggest growth coming from the Philippines (+13.9%), China (+12.4%), and EMEA (+7.6%). JFC tracks the performance of its three newly-acquired brands (CBTL, SuperFoods (Highlands Coffee), and Milksha), and provided analysis to show that of these three, Milksha experienced the highest systemwide sales growth (+29.6%) and the highest same-store sales growth (+14.8%). SuperFoods, as compared to the other two tracked acquisitions, exhibited the worst performance across those two metrics with systemwide sales up only 6.4% and same-store sales down 4.3% (the only decline in data tracked by JFC). The company blamed “weak macros in Vietnam and increased competition in the coffee space” for SuperFoods’ underperformance.