Latest news with #VBL
GMA Network
4 hours ago
- Business
- GMA Network
D&L upbeat on exports despite global uncertainties
Listed oleo-chemicals and food ingredients maker D&L Industries Inc. is expecting exports to drive its continued profitability despite global trade uncertainties amid US reciprocal tariffs and expected retaliatory moves by major economies. 'While global uncertainties seem to be the dominant theme affecting business sentiment in the near term, D&L remains unfazed and continues to focus on building resiliency and long-term growth strategies. Management believes that with D&L's product portfolio, the majority of which caters to basic and essential industries, the company will continue to grow and be relevant in an ever-changing business environment and world trade order,' the company said in a statement following its Annual Shareholders Meeting. 'Over the longer term, management has a lot of confidence that the new investments that the company has made over the past years will pave the way for higher and more sustainable profit growth,' it said. Cash flow will continue to be healthy, D&L president and CEO Alvin Lao said, and 'we do expect profitability to continue to increase.' 'As part of the efforts of ramping up production in our Batangas plant, we're focusing on exports, and because of that, we are visiting clients in other countries and attending trade shows and exhibitions to try and drum up business. Because of that, we are able to get new clients in new markets all the time,' said Lao. During its stockholders' meeting, D&L declared total cash dividends of P1.52 billion, up from the P1.49-billion payout a year ago. D&L booked a net income for the first quarter of 2025 of P681 million, up 10% year-on-year. Lao earlier said that 'the Philippines may be one of the least affected countries given its import-heavy trade balance.' 'In addition, the lower proposed reciprocal tariff for the Philippines versus its neighboring countries may put the Philippines in an advantageous position,' he said. In April, US President Donald Trump announced sweeping reciprocal tariffs on its trading partners, including the Philippines, which would be facing a 17% tariff on its imports to the US. Trump eventually put his new tariff strategy on hold for 90 days. —VBL, GMA Integrated News
GMA Network
7 hours ago
- Business
- GMA Network
AirAsia Philippines launches ‘end-of-summer' seat sale
Budget carrier AirAsia Philippines on Tuesday announced its end-of-summer seat sale, offering one-way base fare domestic flights for as low as P208. In a news release, AirAsia said its 'Fiesta promo' seat sale can be booked from June 2 to 15, 2025, for travel between June 2 and November 30, 2025. Featured destinations include Bacolod, Kalibo, Iloilo, Tacloban, Puerto Princesa, Caticlan, and Cagayan de Oro, along with other top local stops. AirAsia said it has been proactively supporting local festivities through the AirAsia Fiesta Series, offering promo fares to encourage travel and cultural immersion. This month, the airline is putting the spotlight on Tacloban City, in time for its local festivities, with base fares for as low as P538. 'Part of AirAsia DNA is all about giving great opportunities to travel. After Kalibo and Caticlan (Boracay), this month we're putting the spotlight on Tacloban with special sale fares, one of our key destinations, not only because of its local festivities but also because it holds a special place in the hearts of many balikbayans and Filipinos to reconnect with home in Eastern Visayas,' said AirAsia Philippines head of communications and corporate affairs Steve Dailisan. In the first half of 2025, AirAsia said it had launched 11 double-digit promos, including a PISO sale that 'supported travel for domestic and international routes, ensuring the destination's inclusion in key seat sales and special offers.' —VBL, GMA Integrated News
GMA Network
3 days ago
- Entertainment
- GMA Network
Bootcamp held for SEA content creators on tech and brand development
The US Embassy in the Philippines gathered young digital creators across Southeast Asia from May 28 to June 1 to connect with their peers and learn about artificial intelligence, digital safety, brand development, and intellectual property protection. Sixty content creators with a combined following of 15 million on all platforms participated in the YSEALI Creators Co-Lab: Bootcamp for Digital Creators. Filipinos accounted for ten of the participants. During the closing ceremony on Saturday in Pasay City, the participants showcased their cultures. 'We learned about brand development, content ideation, cyber security, artificial intelligence, and how to maximize all those things to be a sustainable creator. So I think that's really insightful, at least for me, and I think for the other participants,' said Indonesian content creator Sherly Rahmi. 'I learned that when I put on my camera, I could just shoot right away and upload right away. I create English tutorial videos, but I teach it in Taglish. So, I could help those people who were not able to afford school when they were young… This YSEALI Collab Creators Bootcamp empowered me to be more bold and be more open and give my opinion honestly,' added Filipino content creator Charlene Joy Co-Ellazo. Meanwhile, US Ambassador to the Philippines MaryKay Carlson recognized social media's role in diplomacy. 'In an increasingly online world, social media is a diplomatic requirement, enabling us to engage audiences directly, to highlight our efforts to make the United States and our diplomatic partners safer, stronger, and more prosperous,' said Carlson in her speech. 'Content creators, all of you, help amplify messages to reach greater audiences…More and more people of all ages are turning to social media for information, which means you have an incredibly powerful platform to inform, educate, and influence people from your home countries and around the world,' she added. YSEALI is the US government's program to strengthen leadership development and networking among Southeast Asians under the age of 35. Established in 2013, YSEALI has been enhancing the capacity of Southeast Asian youth to advance civic engagement, environmental and natural resource management, education, economic development, and good governance through initiatives such as US educational and cultural exchanges, regional exchanges, and seed funding. All participants will become members of the YSEALI alumni network. —VBL, GMA Integrated News
GMA Network
3 days ago
- Climate
- GMA Network
Rains due to Habagat to affect Luzon
The Southwest Monsoon (Habagat) will continue to bring rains throughout Luzon, PAGASA said in its Saturday afternoon forecast. The Ilocos Region, Cordillera Administrative Region, Zambales, Bataan, Batanes, and Cagayan will experience monsoon rains, while Metro Manila and the rest of Luzon will have cloudy skies with scattered rains and thunderstorms because of Habagat. Visayas and Mindanao will see partly cloudy to cloudy skies with isolated rain showers or thunderstorms. Light to moderate winds and slight to moderate coastal waters are expected across the country. Sunrise in Metro Manila will be at 5:26 a.m. on Sunday. —VBL, GMA Integrated News
GMA Network
4 days ago
- Climate
- GMA Network
Habagat, frontal system to bring rain across Luzon
The Southwest Monsoon (Habagat) and the frontal system will bring cloudy to rainy skies across Luzon, PAGASA said in its early Saturday morning forecast. The Ilocos Region, Apayao, Abra, Zambales, and Bataan will see monsoon rains, while cloudy skies with scattered rains and thunderstorms are possible in Metro Manila and the rest of Luzon. Batanes and the Babuyan Islands will have cloudy skies with scattered rains and thunderstorms due to the frontal system. Localized thunderstorms will occur in Visayas and Mindanao. Light to moderate winds and slight to moderate coastal waters are expected throughout the country. The sun rose over Metro Manila at 5:26 a.m. Sunset is expected at 6:22 p.m. —VBL, GMA Integrated News
