The online supermarket said sales were up by 15% over the five days before Christmas. However, Ocado said that the average value of people's orders over the last three months of last year was £117 ($142.95), a drop of 1.3% compared to the same period last year.
The Dow Jones (^DJI) lost 1.13% to 33,916 points. The S&P 500 (^GSPC) retreated 0.29% to 3,987 points and the tech-heavy NASDAQ (^IXIC) lost 0.28% to 11,048.
Meanwhile, Brent crude (BZ=F) edged higher and was trading at around $85 per barrel.
In Asia, Tokyo’s Nikkei 225 (^N225) closed higher, gaining 1.23% to 26,138 points, while the Hang Seng (^HSI) in Hong Kong slipped 0.93% to 21,543. The Shanghai Composite (000001.SS) lost 0.10% to 3,224 points.
Watch: January effect causing stocks to march higher in first weeks of 2023: Al Root
A PARTYLIST representative urged the administration of President Ferdinand “Bongbong” Marcos Jr. to prioritize repeal the value added tax (VAT) on basic goods and services and excise taxes on fuel instead of providing VAT refunds to tourists.House Deputy Minority Leader and ACT Teachers Representative France Castro made the comment just after Marcos approved the implementation of VAT refund program for foreign tourists in 2024."While millions of Filipinos are suffering from high prices of basic
THE POLICE Regional Office in Central Visayas (PRO-7) is conducting an investigation over the death of a Talisay City policeman, hailing from Carcar City, who died after a firearm accident.Lieutenant Colonel Gerard Ace Pelare, spokesperson of PRO-7, said the Regional Inter-Affairs Service immediately launched the investigation to determine the cause of death of Police Patrolman Efren Delos Reyes Jr.Reyes died on Sunday afternoon, January 29, 2023, as he accidentally fired his 9mm pistol while cl
THE Commission on Election (Comelec) has no plan to extend the registration of new voters for the Barangay and Sangguniang Kabataan (SK) elections that will end Tuesday, January 31, 2023.Lawyer Lionel Castillano, acting director of Comelec Central Visayas, announced this on Monday, January 29. He claimed voters have more time to prepare for the election because offsite registrations were conducted and the BSKE was moved from December 2022 to October 2023."There is no more plan for extension...sa
THE Department of Social Welfare and Development (DSWD) Central Visayas wants to reinforce its relationship with different Local Government Units (LGUs) in the region to implement new strategies for the Pantawid Pamilyang Pilipino Program (4Ps) this year.The 4Ps Regional Program Coordinator (RPC) Jiah Sayson and the focal persons in the 4Ps Regional Program Management Office (RPMO) visited different local chief executives and local social welfare and development officers in cities of Carcar and
THE Bangko Sentral ng Pilipinas (BSP) expects wider circulation and public use of the 1000-Piso polymer banknote as it becomes available in more automated teller machines (ATMs) nationwide.As of end-December 2022, 17,304 ATMs, or 92 percent of the total number of ATMs in the country, have been recalibrated by banks to dispense the 1000-Piso polymer banknotes. Up to 7,274 of these polymer-ready ATMs are located in the National Capital Region.Thirty-nine million pieces, representing 7.8 percent of
THREE most wanted persons were arrested in separate operations in Cebu City on Friday, January 27, 2023.First to fall was Justine Villamor, alias Danin.Police found Villarin, who is charged with frustrated murder, in Barangay Mabolo at 7:55 a.m.The warrant of arrest was issued by Cebu City Regional Trial Court Branch 20 Judge Leah Iligan Geraldez.Bail was set P200,000.Villamor is considered the fourth most wanted person in the provincial level.Next on the list was 20-year-old Archie Catipay, who
CEBU City officials assured their subordinates that there is nothing to worry over the allegations of nepotism and other charges lodged against Mayor Michael Rama before the anti-graft office.This is what lawyer Collin Rosell, Rama’s secretary, said during City Hall’s flag-raising ceremony on Monday, Jan. 30, 2023.Rosell spoke for Rama, who has yet to return to Cebu, on Monday following his four-day leave starting Jan. 24.Rosell said a pool of lawyers are currently studying the charges filed aga
BROADBAND provider Converge ICT Solutions Inc. has hit its two million fiber port rollout target for 2022, indicating high availability of its service to meet the country’s increasing demand for high-speed connectivity.As of Dec. 31, 2022, Converge has already deployed more than two million fiber ports in Luzon, Visayas and Mindanao, further cementing its position as the largest fiber-to-the-home network in the Philippines.“Converge continues to expand its nationwide network reach to efficiently
PRESIDENT Ferdinand “Bongbong” Marcos Jr. has been urged to choose a Department of Social Welfare and Development (DSWD) secretary who has no plans to run for an elective position.House of Representatives Minority Leader Marcelino “Nonoy” Libanan urged Marcos “to appoint a DSWD secretary who is not interested or involved in politics and who has a lot of compassion for the poor and marginalized.” A department chief who has his or her sights set on a future election would be easily distracted at w
The Philippines had a shortage of 106,000 nurses and other healthcare workers as of October 2022, according to the Department of Health’s report. This lack of manpower in the health sector cannot be solved by pleading to the Filipino nurses not to go abroad right away and serve their home country first.Filipino nurses have families to support, and they are not unpatriotic if they choose to work in other countries that offer better pay. They are just like other jobseekers—if the greener pasture i
THE Cebu City Government is set to hold the first Creative-Entertainment Summit in Cebu on March 30-31, 2023.The event, which will gather all the experts in the field of creative and entertainment, aims to make and strengthen Cebu’s creative positioning in Asia and in the world.“We realized that we need to make Cebu City a creative hub or district in the Philippines. We saw a lot of potential when ‘Almost Paradise’ filmed their two seasons here. I talked with one of their producers and he said t
How civilized are the roads of Cebu?Any aspiration and claim by a metropolis for liveability rests on the safety of land transport.This encompasses the entire system ensuring the safe and efficient movement of people, goods and services.Like any system, land transportation is governed by laws and regulated by authorities.As crucial, too, is the education of the public as stakeholders in following regulations and observing road courtesy for the well-being of all.Cebu traffic rivals the notoriety
SEN. Win Gatchalian has filed a bill seeking to provide social protection for freelance workers in the country as the sector is expected to sustain growth moving forward.“Freelancing has become a significant career choice, especially among our young workers even before the Covid-19 pandemic. With the expected rise of freelance workers in years to come, we need to ensure that social protection schemes are suitable and responsive to the needs of freelance workers,” Gatchalian said.He filed Senate
A WAREHOUSE supermarket in Pinamungajan town, Cebu lost more than P1 million cash to robbers on Sunday, January 29, 2023.Prince Warehouse store manager, Moneth Tangarorang and other staff, found the cash vault open around 7:30 a.m.At least P1.6 million in cash was lost in what appeared to be a nighttime theft.Tangarorang said the door of the room where the vault is located was already open.The store is reportedly owned by businessman Blake Nelson Go, of Maria Luisa Village, Barangay Banilad, Ceb
A woman was caught on CCTV allegedly swindling money out of a sari-sari store by pretending that she was repaid P100 instead of P1,000.Talisay City police arrested the suspect identified as Genevieve Labuca Abucaño, 23, during a hot pursuit operation shortly after the incident.Police investigations revealed that Abucaño allegedly went to a sari-sari store in Purok Kamansi, Upper Candulawan, Talisay City around 7 p.m. on Sunday, January 29, 2023, to buy goods and paid P1,000.She canceled the tran
OPERATIVES of the Police Drug Enforcement Group Visayas and Special Operations Unit 7 arrested a drug pusher in Sitio Luna, Barangay Lagtang, Talisay City on Saturday night, January 28, 2023.They identified the suspect as 43-year-old Ritchie Villaraso, an assistant fighting cock handler who resides in the sitio.They also took into custody Villaraso’s customer, 29-year-old Asher Bacacao, a resident of Sitio Kadikay, Barangay Lawaan 3 in the same city.Police seized shabu worth P102,000 during the
THE proponents of the Lapu-Lapu Expressway (LLEX), also known as the skyway project, have signed a memorandum of understanding with a China-based company to help in the construction of the 12-kilometer toll road.LLEX Corp. composed of Premium Megastructures Inc., Ulticon Builders Inc. and MTD Philippines Inc. signed the MOU with China First Highway Engineering Co. Ltd. (CFHEC) in Manila on Monday, Jan. 30, 2023.Lapu-Lapu City Mayor Junard “Ahong” Chan, who witnessed the event with his wife, Lapu
POLICE seized at least P1.8 million worth of suspected shabu and marijuana in separate buy-bust operations on Friday, Jan. 27, 2023.Operatives of the Toledo City Police Station and the Regional Intelligence Unit Central Visayas arrested Edgar Mahinay Ypon, 45, in Purok 1, Barangay Sto. Niño, Toledo City around 8:30 p.m.The suspect yielded 142 grams of shabu with a standard drug price of P965,000.He will be charged with violating Sections 5 (selling) and 11 (possession) of Republic Act 9165, or t
THE Lapu-Lapu City Council has passed an ordinance establishing an Epidemiology and Surveillance Unit (ESU) that will be responsible for collecting, analyzing and disseminating reliable and timely information on public health status, as well as investigating disease outbreaks and other threats to public health in the city.The council approved on third and final reading on Jan. 11, 2023, Ordinance 16-069, or “An Ordinance Establishing the Epidemiology and Surveillance Unit (ESU) of Lapu-Lapu City
A PROMINENT and seasoned banker has formally assumed the position as head of one of the largest government financial institutions in the country, vowing to strengthen and expand the bank’s role in infrastructure financing to sustain the country’s growth momentum.Michael de Jesus, the new president and chief executive officer of state-owned Development Bank of the Philippines (DBP), said the bank will work closely with the national government in expanding the country’s infrastructure development