(UPDATE) BILLS that will speed up the country’s digital transformation top the House of Representatives’ priority list when session resumes today, January 23. Among the measures is the E-Governance/Government Act. "We will expedite the passage of these measures to implement the pronouncements of President Ferdinand Marcos Jr. in Davos, Switzerland on his desire for the country to catch up with other nations in digital evolution," Speaker Ferdinand Martin Romualdez said. Romualdez said the House’s priorities for 2023 also include the 11 other bills that the Executive and Legislative branches agreed on in October during the Legislative-Executive Development Advisory Council’s (Ledac) meeting. The other urgent proposals are: An enabling law for the natural gas industry; Amendments to the Electric Power Industry Reform Act; A Unified System of Separation, Retirement and Pension law; A National Land Use Act; A National Defense Act; A law on national government rightsizing; A budget modernization law; A law creating the Department of Water Resources; A law establishing the Negros Island Region; A Magna Carta for Filipino Seafarers; The establishment of regional specialty hospitals. By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy […]

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The best time to invest in any high-quality company is when its prospects are at their bleakest. At this point its share price is likely to be so low that it provides tremendous scope for capital gain in a subsequent recovery. Certainly, a return to buoyant financial performance and previous share price highs is never guaranteed. But companies with sound balance sheets, solid market positions and clear long-term growth opportunities are extremely likely to fully recover as temporary industry-related challenges ultimately abate. Housebuilders such as Persimmon , for example, are currently experiencing a marked slowdown in demand for new homes. Its latest trading update, released earlier this month, showed that while sales averaged 0.69 per outlet per week for the full year, they slumped to just 0.3 per outlet per week in the final quarter of the year. Persimmon key facts • Market value: £4.4bn • Turnover (Dec 2021): £3.6bn • Pre-tax profits (Dec 2021): £967m • Yield (Dec 2021): 17pc • Most recent year’s dividend: 235p • Net debt (Dec 2021): £1.2bn net cash • Return on capital (Dec 2021): 22pc • Cash conversion ratio (Dec 2021): 82pc • p/e ratio (Dec 2021): 5.6 Expand to read more […]

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In this article Goldman Sachs CEO: We had a disappointing quarter and we own that watch now Goldman Sachs CEO David Solomon told CNBC on Wednesday that his firm suffered an upsetting quarter partly due to its overly ambitious consumer efforts. “We obviously had a disappointing quarter, and we tried to own that, you know, up front,” Solomon said Wednesday on CNBC’s “ Squawk Box ” at the World Economic Forum in Davos, Switzerland. The New York-based investment bank on Tuesday posted its largest earnings miss in a decade as revenue fell and expenses and loan loss provisions came in higher than expected. Goldman said quarterly profit plunged 66% from a year earlier to $1.33 billion, or $3.32 per share, about 39% below the consensus estimate. That made for the largest EPS miss since October 2011, according to Refinitiv data. “In the consumer platforms, we did some things right. We didn’t execute on some others,” Solomon said. “We probably took on more than we should have, you know, too much, too quickly.” Building and expanding its consumer banking business has turned out to be more challenging than expected. Goldman last year pivoted away from its previous strategy of building […]

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The decline of TV and cinema and rise of streaming will reshape entertainment Splash Mountain, a popular ride in Disneyland, towers over attractions that encapsulate the 100-year history of the Walt Disney Company. To the south, on Main Street USA, a little cinema screens “Steam Boat Willie”, in which Mickey Mouse made his debut in 1928. In the centre of the park the Sleeping Beauty Castle evokes the classic Disney animations of the 1940s and 1950s. On the outskirts are areas themed around Star Wars and the Marvel universe, which Disney took over during an acquisitions spree in the 2000s. Passengers at the high point of the ride have a few seconds to take in the view. Then, with a lurch, their car makes a near-vertical plunge and everyone gets drenched. In the run-up to its centenary, which Disney will start celebrating on January 27th, the company itself has been on something of a rollercoaster ride. The world’s biggest entertainment firm, with a market value of $180bn, still rules the box office, with four of the ten highest-grossing films of 2022 (including the sequel to the most lucrative ever, “Avatar”). Its American theme parks have bounced back from pandemic […]

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The Nike store and the Regal Meridian 16 are two downtown staples that announced they were shutting their doors. SEATTLE — Time is running out for another downtown Seattle staple. One of downtown Seattle’s longest-standing movie theaters is closing its doors next month. The Regal Meridian 16 movie theater is one of 39 that will shut off screens across the country. "It’s terrible because it’s common that I would come down and eat someplace and have the movie. (It’s) a nice theater and convenient," said Geri Cooper, a Seattle resident. The company that owns the theater, Cineworld, filed for bankruptcy in September. Meridian 16 and the downtown Nike store location are now added to the list of businesses that have shut their doors downtown over the last couple of years. "Less people, and yes there have been a lot of closures, a lot of retailers, a lot of stores that used to be staples aren’t here anymore," said Florence Vollmer, a Seattle resident. Officials with the Downtown Seattle Association sent KING 5 an emailed statement that said in part: “For several years, retailers have been evaluating changing needs for space and scale. We’ve seen that in urban areas since […]

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Beijing-based Air China unveiled an all-new interior for its business class on the Airbus A350 . Photos of the cabin , which includes strokes of traditional Chinese culture, were released on the airline’s Facebook page on Friday. Among its eye-catching design, the new cabin features mini-suite-style seats that, while still in a high-density layout, allow for passenger space and more than six feet of lie-flat bed length. The reveal comes after Air China first announced the cabin upgrades in 2021. A look inside The new Recaro CL6720 business class seats are a vital interior element. According to Jonny Clark from TheDesignAir, the new seats replace the existing Super Diamond seats found on the rest of the A350 fleet with a more condensed seating (LOPA). Similar to a full-size suite seen in some aircraft interiors, the seats feature full-height walls that add the benefit of privacy. However, it appears that Air China opted out of equipping the mini-suites with doors, considering the design allows for it. Air China’s version of the seat reportedly features a new design on the purple-colored seats. The blue walls on the side of the suite brighten up the cabin and pairs well with the seat […]

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Medical Associates announced that Jodi Kilburg has joined its obstetrics and gynecology department. • Mi-T-M Corp. announced hiring: Trevin Crouch, Josh Davis, Linzy Knockel, Ricky Levins, Andy Miller and Hunter Shaffer to the fabrication division. Zach McAndrews and Andrew Davis to the production division. Drew Meyer and Levi Meyer to shipping and receiving. Rob Wolf to production inspector. Unified Therapy Services announced promoting Jasmine Reiss to clinic director. Two local MercyOne locations recently earned Press Ganey HX Guardian of Excellence Awards. MercyOne Dubuque Medical Center was honored for outpatient rehabilitation, while MercyOne Elkader Medical Center was honored for physician engagement. “Press Ganey, the global leader in health care experience solutions and services, ranks the top hospitals and health systems in the country according to performance based on patient feedback,” states a press release from MercyOne. Jodi Kilburg • Medical Associates Jasmine Reiss • Unified Therapy Katie Thomas has stepped into the role of CEO and president of Honkamp P.C. after serving solely as the company’s president since February 2020, according to a press release. She succeeds CEO Greg Burbach. “In her 18 years at Honkamp, she quickly rose through leadership positions, becoming one of the youngest partners at the […]

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The site in Blyth, Northumberland, where Britishvolt had plans to build a gigafactory to make batteries. Ministers were using the electric car battery maker Britishvolt as a prime example of the government’s record for “securing business investment in the UK” just months before the scheme collapsed without any public investment. The company, once heralded as Britain’s potential champion for battery making, fell into administration last week after the failure of last-ditch talks to find emergency funding to keep it afloat. Its demise has been criticised as showing the government’s lack of industrial strategy, the shortcomings of “levelling up” and Britain’s failure to grasp new manufacturing opportunities in the wake of Brexit. However, it has emerged that just last summer, ministers were still using Britishvolt as an example of the government’s ability to attract investment to the UK. In response to a request from a Tory MP for details of the government’s progress in securing investment, the then-business minister, Jane Hunt, claimed the government “has provided further support to attract significant investment in manufacturing, including delivering Britishvolt’s £1.7bn gigafactory in Blyth Valley, which will support 3,000 direct jobs and a further 5,000 across the supply chain.” Senior Britishvolt executives are […]

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Visitors at the 2022 Health & Wellness Expo sponsored by the Poway Chamber of Commerce. This year’s event takes place Thursday, sponsored by The Glen at Scripps Ranch. CARLSBAD Memory care building opens at residence Oakmont Senior Living has opened Villena — a Traditions Memory Care building — at Santianna, its luxury senior community. Villena will accommodate residents with Alzheimer’s disease or other forms of dementia. The new facility will allow families to transition their loved ones from independent and assisted living to memory care if needed. Villena’s two stories include 67 memory-care apartment homes plus a movie theater, activity rooms and outdoor courtyards. Programming is designed for residents with memory loss or cognitive impairment. Residents also have access to virtual reality programs that help brain function and memory recall. Villena at Santianna is at 2540 Faraday Ave. DEL MAR Home improvement show at fairgrounds The San Diego Home Improvement Expo visits the Del Mar Fairgrounds on Saturday and Jan. 29 filled with demonstrations, home-improvement products and services, plant sales and consultations with home and garden experts. The show focuses on area services, products and businesses. Members of the San Diego chapter of the National Association of the Remodeling […]

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