Export slowdown hits Ginebra

Philippines distiller Ginebra San Miguel has seen first-half profits plunge due to cost pressures and a slowdown in exports, local reports said today (17 August).

The company has posted net income of PHP331.8m (US$6.5m) for the first six months of the year, down from PHP552.8m a year earlier, a BusinessWorld report said.

First-half revenues also fell, down to PHP6.1bn from PHP6.2bn a year earlier, the report said.

Read More

Comments

Post a Comment

Popular posts from this blog

Diving and Snorkeling Philippines (Lonely Planet Pisces Books)

Image
With more than 7,000 islands and countless coral reefs, the Philippines offers a plethora of diving opportunities. Whether it’s snorkeling alongside whale sharks, cruising with mantas or thresher sharks, exploring WWII wrecks or simply hanging out near the kaleidoscopic walls and reefs, this tropical paradise will fascinate divers of all skill levels and interests. Divers and snorkelers can don their fins and swim out from white-sand beaches to shallow coral gardens, or enjoy live-aboard diving among some of the finest dive sites in the world. This book describes more than 120 of the country’s best dive sites. You'll get specific information on: dive site depth range, access and conditions common and hazardous marine life topside activities and attractions diving services and live-aboards 23 easy-to-read maps Order it here >>> Diving and Snorkeling Philippines (Lonely Planet Pisces Books)
Read more

On The Bloody Dispersal

The number of death on the side of the protesters has increased from 7 to 14 as of the report today ( source ). Both sides were blaming each other for firing the first to shots who triggered the riot ( source ). But, the Department of Justice said that both parties could be held liable on the death and injuries of the protester ( source ).
Read more

U.S. congressional delegation to visit Philippines

A U.S. congressional delegation will arrive in Manila on Friday to discuss economic, political and security issues with Philippine officials, according to a statement issued by the U.S. Embassy in Manila on Wednesday. U.S. Congressman Henry Hyde, Chairman of the House International Relations Committee, will lead the delegation of five representatives from the U.S. Congress to visit the Philippines from August 11 to 13, the statement said. Read More
Read more