Sony net profit dips on-year but beats estimate

TOKYO – Sony said on Tuesday that annual net profit dipped 3.5 percent on year but beat its forecast as takings in games and music offset losses in the financial and chip sectors. The entertainment and electronics behemoth has been in the spotlight after reports said it was working with …

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Conservative Gulf brews first local beer

ABU DHABI – Inside his Abu Dhabi gastro pub, Chad McGehee inspects shiny steel tanks fermenting a special brew: the first beer made in the conservative Arab Gulf, where alcohol has long been taboo. The 42-year-old American is one of the founders of Craft pub in the capital of the …

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U.S. raises tariffs significantly on EVs, other goods from China

The U.S. plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that's likely to increase friction between the world's two largest economies. Tariffs, to be phased in over next 3 years, include on EVs, solar cells, steel, …

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Kick out impostors

“The target is the toll collections, as service is not even on the minds of those seeking to take over CAVITEX. The operations and management (O&M) business was turned over to PEATC in 2022. The maneuver of the Public Estates Authority Tollway Corp. (PEATC) to take over the operations of …

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Atin Ito’ unfazed by China blockade

SECURITY HUDDLE. President Marcos Jr. and Defense Secretary Gilbert Teodoro stand at attention while the national anthem is being played at the start of the second Philippine Air Force Command Conference yesterday. Inset photo shows map of Sabina Shoal where the Coast Guard observed coral dumping by Chinese vessels. Largest …

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Marcos OKs e-marketplace procurement system

President Marcos has approved the implementation of the e-Marketplace Procurement System of the Department of Budget and Management (DBM). President Ferdinand ‘Bongbong’ Marcos Jr. (Photo courtesy of PPA/KJ Rosales)  Marcos made the approval during a sectoral meeting with DBM officials at the Malacañan on Tuesday, May 14. The President also …

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