Maroons' Abadiano welcomes captaincy
MANILA, Philippines – Third-year player Gerry Abadiano is ready to lead the UP Fighting Maroons to UAAP glory as he gains the role of team captain for the Diliman team in Season 87 next month.
UPS latest news
Gerald Santos clarifies: GMA is not the enemy, but insiders angry over harassment report
MANILA, Philippines — Former Kapuso singer Gerald Santos uploaded a copy of his letter to GMA Network, requesting to be released from his contract after not being given any projects due to his sexual harassment case against a musical director.
Quizon eyes rating points, Olympiad conditioning in Abu Dhabi chess tilt
MANILA, Philippines – Filipino International Master Daniel Quizon is eyeing to kill two birds with one stone when he joins the ultra-competitive 30th Abu Dhabi International Chess Festival in the United Arab Emirates — earn rating points to claim the Grandmaster title and warm up for next month’s Olympiad in Budapest, Hungary.
Peanut butter brand brings fun-filled indoor playground for families
MANILA, Philippines — Designed to highlight the importance of bonding moments with family through snack time, Skippy Peanut Butter recently opened an interactive pop-up playground at the SM Mall of Asia Central Atrium, dubbed “Skippy Brand, Set Go!”
Asian markets fluctuate ahead of key earnings and Powell
HONG KONG, China — Asian investors trod carefully Tuesday after the latest bounce in optimism fueled by hopes Federal Reserve boss Jerome Powell will signal an interest rate cut in a highly anticipated speech to top central bankers this week.
Press Release - Dela Rosa: Opening statement
SENATOR RONALD "BATO" DELA ROSA COMMITTEE ON PUBLIC ORDER AND DANGEROUS DRUGS PROPOSED SENATE RESOLUTION 1051 EXCESSIVE FORCE USED BY THE PNP WITHIN THE PREMISES OF THE KINGDOM OF JESUS CHRIST Pecson Room, 10 A.M. August 20, 2024
Dominion to resume trading today with no trading band
The PSE notified the market that it will lift the Dominion Holdings [DHI suspendedl] [link] trading suspension today that was first imposed on the company back in 2020 when BDO [BDO 147.00, up 3.7%; 122% avgVol] sold its interest in DHI (then known as BDO Leasing and Finance) and the transaction was deemed a backdoor listing. The agreement governing the sale of BDO’s interest was terminated in 2021 “for failure to comply with the closing conditions of the transaction”. As part of DHI’s comprehensive disclosure, the company said that BDO owns 88.54% of DHI’s shares, that the company did not have a “substantial change in its shareholding structure”, and that the company “did not undergo a financial restructuring... or any other proceeding.” The PSE noted that DHI will begin trading today without a static threshold because the shares have not been traded since January 2020. The static threshold is also called the “trading band”; it’s the PSE-imposed limit on the gain (+50%) and loss (-30%) in a single day of trading.
CTS Q2 profit: P32M (up 427% y/y)
CTS Global [CTS 0.65, up 3.2%; 119% avgVol] [link] posted a Q2 net income of P32 million, up 427% y/y from its Q2/23 net income of P6 million, and up 37% q/q from its Q1/24 net income of P24 million. CTS’s H1 revenues increased 160% to P89 million due to trading gains from CTS’s ability to “capitalize on the equities rally during the first half of 2024 as certain sectors thrived particularly in the big tech companies despite continued volatility due to inflation and geopolitical concerns among others.” CTS’s global trading desk produced P16.3 million in trading revenues (up 161% from an H1/23 loss of P26.5 million) and its local trading desk produced P23 million in trading revenues (up 206% from an H1/23 gain of P7.5 million). The remaining income came from interest earned off of CTS’s considerable government bond portfolio.