Latest news with #494
GMA Network
3 days ago
- General
- GMA Network
No major lotto jackpot winners on Wednesday, May 28, 2025
The Philippine Charity Sweepstakes Office (PCSO) said there were no winners of the major lotto jackpot draws on Wednesday, May 28, 2025. The winning numbers for the Grand Lotto 6/55 jackpot worth P29,700,000 are 51-49-21-17-47-54. For Megalotto 6/45, the correct combination of 12-27-36-14-19-29, would have won P10,494,427.60. For more lotto results, visit here. —RF, GMA Integrated News
New Straits Times
23-05-2025
- Business
- New Straits Times
KPDN probes wholesaler for supplying LPG to unlicensed retailer
ALOR STAR: The Ministry of Domestic Trade and Cost of Living (KPDN) has launched an investigation into a liquefied petroleum gas (LPG) wholesaler for supplying the controlled item to an unlicensed retailer. Kedah KPDN branch director Muhammad Nizam Jamaludin said the offence was uncovered after its enforcement team raided a retail premises on 17 May under 'Ops Gasak 2025'. "The enforcement team took action against a retail business operating in Alor Star for selling a controlled item, LPG, without a valid licence or authorisation from the Controller of Supplies. "The team subsequently seized 20 LPG cylinders and purchase documents for further investigation. The total estimated value of the confiscated items is RM2,494," he said in a statement. Nizam said that following the seizure, the ministry launched an investigation on Tuesday into the wholesaler for supplying controlled LPG to an unauthorised party. The case is being investigated under Section 21 of the Control of Supplies Act 1961 [Act 122], under which any individual found guilty may be fined up to RM1 million. For subsequent offences, the penalty may increase to a fine of up to RM3 million or imprisonment for a term not exceeding three years, or both. For companies, the fine may be up to RM2 million and, for repeat offences, up to RM5 million. The ministry reminded the public that any individual intending to trade in or store controlled items must obtain valid permission, or a relevant licence or permit.
Yahoo
07-05-2025
- Business
- Yahoo
MercadoLibre beats profit estimates in first quarter as Argentina business booms
SAO PAULO (Reuters) - Latin American e-commerce giant MercadoLibre posted on Wednesday a 44% net profit increase in the first quarter from a year earlier, above analysts' estimates as operations in Argentina bounced back. MercadoLibre, Latin's America most valuable company by market capitalization, posted a net profit of $494 million for the quarter ended in March, above the $420.9 million seen in an LSEG poll of analysts. MercadoLibre said in an earnings statement that Argentina was the main highlight of the quarter, with its sales in the country as measured by Gross Merchandise Value (GMV) growing 126% on a foreign-exchange neutral basis, compared to a total GMV increase of 40%. Chief Financial Officer Martin de los Santos told Reuters that a weaker comparison base helped its Argentine operations year-on-year due to the initial impacts of a devaluation of the peso currency in late 2023. Lower inflation and interest rates also drove greater sales and appetite for credit in the nation, he added. "We have seen improvements on our platforms (in Argentina) in the last few quarters and they continued in the first quarter," he said. The strong numbers out of Argentina bumped it back up to MercadoLibre's No. 2 market by revenues, de los Santos said, overtaking Mexico and behind top dog Brazil. Argentina had lost the position last year. MercadoLibre, which relies on its e-commerce marketplace and fintech Mercado Pago for most of its revenue, posted total revenues at $5.9 billion, up 37% year-on-year, also beating analysts' expectations of $5.51 billion. MercadoLibre has been delivering mostly consistent beats to market estimates in recent years, amid heavy investments across Latin America, a strategy that has also sparked some investor concern over short-term profitability. Its earnings before interest and taxes (EBIT) came in at $763 million, above the $617.4 million forecasted by analysts and a 45% increase year-on-year. Its EBIT margin stood at 12.9%, up from the 12.2% reported a year earlier. On the fintech front, MercadoLibre grew its credit portfolio 75% year-on-year to $7.8 billion, driven especially by credit cards. It was at $6.6 billion in December. Meanwhile, the 15-to-90 days default ratio stood at 8.2%, up 0.8 percentage points quarter-on-quarter and down from 9.3% a year ago. (Reporting by Andre Romani; Editing by Chizu Nomiyama)
Yahoo
25-04-2025
- Business
- Yahoo
US bond funds attract first weekly inflow in six weeks
(Reuters) -U.S. bond funds recorded net inflows in the week through April 23 for the first time in six weeks, as a selloff in U.S. bond markets eased and investors grew hopeful about a potential de-escalation in the trade war between the U.S. and China. According to LSEG Lipper data, investors purchased U.S. bond funds of a net $206 million during the week, that halted their five-week selling streak. The Trump administration is considering lowering tariffs on Chinese imports pending talks with Beijing, a source said on Wednesday, as the U.S. noted this week that China is weighing exemptions for some American goods from its 125% tariffs. U.S. mortgage funds attracted a massive $4.84 billion, the largest amount for a week since at least October 2017. U.S. short-to-intermediate government and treasury funds also witnessed a net $1.59 billion in inflows, while general domestic taxable fixed income funds saw net sales of approximately $2.61 billion. At the same time, weekly outflows from U.S. equity funds eased to a net $1.35 billion during the week, from about $10.44 billion in the previous week. Sectoral equity funds remained out of favor for an eighth successive week as investors withdrew a net $2.13 billion from these funds. The financial, tech and consumer staples sectors saw major outflows at $1.33 billion, $499 million and $494 million, respectively. Investors, meanwhile, bought $24.43 billion worth of U.S. money market funds after two weeks of selling. Sign in to access your portfolio
Reuters
25-04-2025
- Business
- Reuters
US bond funds attract first weekly inflow in six weeks
April 25 (Reuters) - U.S. bond funds recorded net inflows in the week through April 23 for the first time in six weeks, as a selloff in U.S. bond markets eased and investors grew hopeful about a potential de-escalation in the trade war between the U.S. and China. According to LSEG Lipper data, investors purchased U.S. bond funds of a net $206 million during the week, that halted their five-week selling streak. The Trump administration is considering lowering tariffs on Chinese imports pending talks with Beijing, a source said on Wednesday, as the U.S. noted this week that China is weighing exemptions for some American goods from its 125% tariffs. U.S. mortgage funds attracted a massive $4.84 billion, the largest amount for a week since at least October 2017. U.S. short-to-intermediate government and treasury funds also witnessed a net $1.59 billion in inflows, while general domestic taxable fixed income funds saw net sales of approximately $2.61 billion. At the same time, weekly outflows from U.S. equity funds eased to a net $1.35 billion during the week, from about $10.44 billion in the previous week. Sectoral equity funds remained out of favor for an eighth successive week as investors withdrew a net $2.13 billion from these funds. The financial, tech and consumer staples sectors saw major outflows at $1.33 billion, $499 million and $494 million, respectively. Investors, meanwhile, bought $24.43 billion worth of U.S. money market funds after two weeks of selling.
