November 24, 2024
Infrastructure spending jumps 17%
HEAVY TRAFFIC is seen along the flyover along Roxas Boulevard due to road construction, April 6, 2024. — PHILIPPINE STAR/RYAN BALDEMOR STATE SPENDING on infrastructure went up by 16.9% in September fueled by disbursements for finished transport projects, the Department of Budget and Management (DBM) said. In the latest National Government disbursement report, spending on […]
November 24, 2024
Military pension reform ‘not dead’ — DBM chief
A UNIFORMED personnel walks by a Philippine flag. — PHILIPPINE STAR/RYAN BALDEMOR By Aubrey Rose A. Inosante, Reporter THE GOVERNMENT is now crafting an improved version of the bill seeking to reform the pension system for military and uniformed personnel (MUP), Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman said. “MUP is not […]
November 24, 2024
Vehicle sales may top 500,000 next year as interest rates go down
CAR ENTHUSIASTS attend the opening day of the Manila International Auto Show in Pasay City, April 4, 2024. — PHILIPPINE STAR/RYAN BALDEMOR By Justine Irish D. Tabile, Reporter AUTOMOTIVE SALES may hit 500,000 units next year as lower interest rates and upcoming elections spur economic activity, according to the Federation of Automotive Industries of the […]
November 24, 2024
Credit raters warn of possible spillovers of Trump policies on PHL
By Luisa Maria Jacinta C. Jocson, Reporter CREDIT RATING AGENCIES are warning of the potential spillovers of US President-elect Donald J. Trump’s economic policies on the Philippines, which could hurt growth and potentially its credit rating outlook. “There are a few overlapping channels through which the incoming US administration’s potential policies might affect the Philippines. […]
November 24, 2024
Meralco paves the road for e-mobility
Accelerating EV adoption. Manila Electric Company (Meralco) showcased its initiatives and advocacies that support the Philippines’ transition to e-mobility during the 12th Philippine Electric Vehicle Summit held from Oct. 24 to 26, 2024 at the SMX Convention Center Manila in Pasay City. The adoption of electric mobility (e-mobility) in the Philippines has gained momentum following […]
November 24, 2024
My Beauty Story makes K-Beauty pop online
Conventionally known as K-Beauty, Korean skincare has transformed beauty routines around the world, and it shows no signs of slowing down. The demand for said products is strong in the Philippines thanks to two big factors: the global hallyu wave, and a focus on natural ingredients and scientific breakthroughs to achieve healthy, hydrated, and glowing […]
November 24, 2024
Maynilad earmarks P30 billion for Rizal water treatment plant
MAYNILAD OPERATES five water-treatment plants — two in La Mesa Compound, Quezon City, another two in Putatan, Muntinlupa, and its New Water Treatment Plant in Parañaque — that currently produce a total of 2,710 million liters per day of potable water supply. — MAYNILAD By Sheldeen Joy Talavera, Reporter MAYNILAD Water Services, Inc. is allocating […]
November 24, 2024
Local airlines seen to post mixed results for 2024
REUTERS By Ashley Erika O. Jose, Reporter LISTED airline companies are expected to deliver mixed results for 2024, primarily due to the anticipated recovery in the sector, which may be counterbalanced by the volatility of the airline industry, according to analysts. “Lots of factors influenced profitability, such as fuel costs, passengers, and competition. The third […]
November 24, 2024
Buskowitz Energy eyes 30 MW in new solar projects
PXHERE.COM SOLAR POWER provider Buskowitz Energy, Inc. (BEI) is targeting to expand its portfolio by building solar rooftop projects with a capacity of 30 megawatts (MW). “We’re doing 30 MW of projects simultaneously. There are 12 different sites for 12 different customers,” BEI Founder and Chief Executive Officer James Buskowitz told reporters last week. BEI […]
November 24, 2024
New investor joins IDC with P187.93-M deal
ITALPINAS.COM LISTED Italpinas Development Corp. (IDC) has secured a new investor via a private placement deal worth P187.93 million. On Friday, IDC signed an agreement with businessman Benjamin Tan Co, who purchased 15% of the company’s primary shares at P1.99 each, totaling P187.93 million, through a private placement. In 2022, IDC secured stakeholders’ approval for […]
November 23, 2024
UK SMEs brace for average revenue loss of £138,000 in 2025 amid Labour’s budget measures
SMEs across the UK are preparing for significant financial challenges in 2025, with new research indicating an expected average revenue loss of £138,000 per business. According to a study conducted by freelancer platform Fiverr, a quarter of businesses anticipate losses exceeding £100,000 due to the financial pressures stemming from Labour’s Autumn Budget. Despite a modest […]
November 23, 2024
Socium raises $5M to become leading HR solution in Francophone Africa
Socium, an all-in-one HR management platform based in French-speaking Africa, has secured a $5 million funding round to expand its services and become the go-to HR solution for mid-sized companies in the region. This funding follows a previous $1.1 million round in August 2022, highlighting the company’s rapid growth despite a broader slowdown in African […]
