By Justine Irish D. Tabile, Reporter MAJORITY of chief executive officers (CEOs) in the Philippines are confident that their organizations will see revenue growth in the next 12 months, despite geopolitical uncertainties, a survey showed. Results of the survey conducted by PwC Philippines in partnership with the Management Association of the Philippines (MAP) showed that […]
IIIJAOYINGIII-PIXABAY PHILIPPINE BANKS’ asset quality worsened in July as the industry’s gross nonperforming loan (NPL) ratio rose to its highest in over two years. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed the banking industry’s gross NPL ratio went up to 3.58% in July from 3.51% in June and 3.43% a year ago. […]
Residents wade through the floodwaters in Baseco, Manila, Sept. 2, 2024. — PHILIPPINE STAR/EDD GUMBAN THE PHILIPPINES remained the most disaster-prone country for the 16th straight year, as it continues to face extreme natural events like typhoons, earthquakes and droughts. In the latest World Risk Index, the Philippines’ risk score inched up to 46.91 this […]
REUTERS THE SENATE on Monday approved on third and final reading the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) bill, which seeks to lower taxes on domestic and foreign companies to 20% from 25%. Senators also approved on final reading a measure that raises the allocation […]
WINNING ACTRESSES Rebecca Chuaunsu and Elora Españo in a scene from Her Locket. THE 6th Sinag Maynila film festival, also the first edition since the pandemic, saw J.E. Tiglao’s family drama Her Locket emerged as the night’s big winner, bagging a total of seven awards including Best Film. The film — which follows an aging […]
CHILGAPSAN ICE FOUNTAIN FESTIVAL — ENGLISH.VISITKOREA.OR.KR WHEN the Korea Travel Fiesta 2024 kicked off in Makati City last weekend, the Korea Tourism Organization (KTO) officially began carrying out its goal of promoting their country’s culture, cuisine, and climate to Filipinos. Now that the Philippines is familiar with parts of Korean culture through K-Pop and K-Dramas, […]
ABS-CBN is expanding its digital content offerings through a new licensing agreement with Sony Pictures Entertainment (SPE). The agreement will see premium movies from Sony’s library streaming on ABS-CBN’s YouTube channels — Cinemo, iWantTFC, and ABS-CBN Entertainment. “ABS-CBN is thrilled to offer Sony Pictures Entertainment’s premium selection of classic award-winning movies for our Filipino audiences […]
1 of 7 FEU Drum and Bugle concert set for September AFTER YEARS of performing primarily in outdoor settings, the Far Eastern University (FEU) Drum and Bugle Corps will be making a return to the historic Auditorium of FEU Manila in their upcoming concert entitled From the Field to the Concert Hall on Sept. 28, […]
BW FILE PHOTO SAN MIGUEL-LED New NAIA Infrastructure Corp. (NNIC) will take over the operations and maintenance of the Philippines’ main airport starting Sept. 14, kicking off modernization efforts that include road improvements, terminal expansion, and new parking facilities to improve passenger experience and airport capacity. “In a few days, NAIA (Ninoy Aquino International Airport) […]
BW FILE PHOTO MERALCO PowerGen Corp. (MGen) is seeking certification from the Department of Energy (DoE) to confirm that its Atimonan power project is exempt from the 2020 coal moratorium, allowing it to proceed with its proposed 1,200-megawatt (MW) coal-fired power plant. “[The] project is on the committed list, so it’s outside of the moratorium. […]