November 21, 2024
Peso falls to P59 vs dollar
PHILIPPINE STAR/ MIGUEL DE GUZMAN THE PHILIPPINE PESO on Thursday hit a record-low P59-a-dollar level for the first time in more than two years as the dollar continued its rally. The peso closed at P59 against the greenback at the end of trading, weaker by nine centavos from its P58.91 finish on Wednesday. This marked […]
November 21, 2024
BSP monitoring lenders behaving like digital banks
FREEPIK SOME LENDERS behaving like online banks might be required to obtain digital banking licenses to curb arbitrage and improve oversight, the Bangko Sentral ng Pilipinas (BSP) said. “We’re busy right now determining which among the digi-centric institutions that we have right now can already be considered as operating like a digital bank,” BSP Director […]
November 21, 2024
PHL breaks ground on world’s largest solar and battery storage facility
PRESIDENT Ferdinand R. Marcos, Jr. (left) and Manila Electric Co. (Meralco) Chairman and Chief Executive Officer Manuel V. Pangilinan hold the time capsule during the groundbreaking ceremony of the MTerra Solar Project. Also in photo is Meralco Vice Chairman Lance Y. Gokongwei (right). — PHILIPPINE STAR/NOEL PABALATE THE PHILIPPINES on Thursday signaled the start of […]
November 21, 2024
PHL has over 1 million working children — PSA
Students help teachers clean the classroom at a school in Marikina. — PHILIPPINE STAR/ WALTER BOLLOZOS THE NUMBER of children working in the country fell by 26% to 1.09 million in 2023, the Philippine Statistics Authority (PSA) said on Wednesday. PSA data showed the number of working children, aged between five and 17 years old, […]
November 21, 2024
Resiliency and adaptability in the Philippine property market
Freepik According to recent reports from Leechiu Property Consultants, the economy, which showcases a gross domestic product growth rate of 6.3%, is a significant factor driving property demand in the Philippines. The said figure positions the Philippines as the second fastest-growing economy in the region, just behind Vietnam, which recorded a growth rate of 6.9%. […]
November 21, 2024
ADB backs Ayala’s EV charging network with $100-M loan
ACMOBILITY THE Asian Development Bank (ADB) has approved loans of up to $100 million, or around P5.9 billion, for Ayala Corp. subsidiary AC Mobility Holdings, Inc. (AMHI) to build an electric mobility (e-mobility) ecosystem in the country. The loan application was “approved” on Nov. 20, the multilateral development bank said on its website on Thursday. […]
November 21, 2024
How Metro Pacific Water is addressing Iloilo’s rising demand
METRO PACIFIC WATER President and Chief Executive Officer Andrew B. Pangilinan By Sheldeen Joy Talavera, Reporter METRO Pacific Water (MPW) is deploying new water solutions in Iloilo City to address the increasing demand, according to the company’s president. “We have a long way to go in terms of providing the basic water needs for every […]
November 21, 2024
PHL’s DigiPlus edges closer to Brazil market entry
FOR THE FIRST nine months, DigiPlus posted a 314% growth in net income to P8.75 billion from P2.1 billion in 2023, led by its retail games, new product offerings, and cost efficiencies. — DIGIPLUS.COM.PH DIGITAL GAMING company DigiPlus Interactive Corp. is nearing its Brazil expansion after a subsidiary passed the gaming license qualification stage. DigiPlus […]
November 21, 2024
Eddie Romero’s legacy celebrated for his birth centennial
EDDIE ROMERO with his son Joey Romero on a film set. IN 1976, the film Ganito Kami Noon, Paano Kayo Ngayon? by director Eddie Romero – much later proclaimed National Artist for Film – was released, eventually becoming a beloved classic due to its take on Filipino identity and culture set in the Spanish colonial […]
November 21, 2024
Robinsons Retail plans to boost store count over next 5 years
JGSUMMIT.COM.PH ROBINSONS Retail Holdings, Inc. (RRHI) targets to ramp up its store openings over the next three to five years as part of its strategic growth initiatives, a company official said. “In the next three to five years, we plan to accelerate our store openings and increase the top line,” RRHI Vice-President for Corporate Planning […]
November 21, 2024
Ferguson Whisky Secures £450,000 Funding from Virgin Money to Expand Global Reach
Ferguson Whisky Limited, a Glasgow-based company specialising in rare whisky investment opportunities, has secured a £450,000 funding package from Virgin Money, backed by UK Export Finance (UKEF). The funding will support the purchase of whisky stock, enabling the company to expand operations and meet growing international demand. Founded in 2021 by CEO David Ferguson, the […]
November 21, 2024
Virtue Drinks Secures £2 Million Investment from BrewDog Co-Founder and England Footballer
Virtue Drinks, the UK’s fastest-growing clean energy drink brand, has announced the successful closure of a £2 million investment round. This latest funding brings the company’s total investment to over £5 million. Notable investors in this round include James Watt, co-founder of BrewDog—Europe’s largest craft beer brand—and Eberechi Eze, Premier League footballer and England international. […]
