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Samsung to limit smartphone models

Samsung Electronics has announced plans to slash the number of smartphone models it issues next year by up to one-third as it tries to cut prices in the face of intense Chinese competition. The strategy, confirmed by a company spokesman yesterday, was unveiled during a presentation in New York by…
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World Bank-DSWD Summit hails Albay as DRR model

A World Bank summit held recently in Quezon City has lauded Albay as decidedly a model in Disaster Risk Reduction (DRR) for social protection, among others, and for being the only province in the country to have built 11 permanent evacuation centers. Co-sponsored by the Department of Social Welfare and…

Bloomberry bares P3.3-B net profit

Bloomberry Resorts Corp, owner and operator (through its subsidiaries) of the Solaire Resort & Casino’s total gross revenues grew 127 percent to P22.439 billion from the P9.887 billion generated in the same period last year. The company also turned the corner as it generated P3.299 billion in porfits, nearly five…

Peso advances; stocks retreat

The peso closed slightly n lower at 44.915 per US dollar on total volume of $557.2 million traded at the Philippine Dealing and Exchange Corp. Stocks finished mostly lower on the major counters. Services topped the losing column (down 2.07 percent), followed by property (down 1.02 percent), mining/oil (down 0.90…

HK: The golden goose Beijing cannot sacrifice

Hong Kong’s democracy protests have stoked fears of retribution from China, but the city is simply too valuable to punish and sideline, even as it faces a long-term challenge from mainland rival Shanghai, observers said. Demonstrators, sometimes numbering in the tens of thousands, have taken to Hong Kong’s streets over…
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