SAMAL ISLAND, DAVAO — WIKIMEDIA.ORG DAMOSA LAND, Inc. (DLI) will launch its condominium-hotel project under the TRYP by Wyndham hotel brand next year, according to its top official. The condotel, which will be built on the island of Samal in southern Philippines, is slated for completion by 2027 or 2028, to DLI President and Chief […]
FREEPIK By Beatriz Marie D. Cruz, Reporter MULTINATIONAL office space provider International Working Group Plc (IWG) expects to boost its coworking spaces next year amid a total ban on Philippine offshore gaming operators (POGOs). In an interview with BusinessWorld, IWG Country Manager for the Philippines Lars Wittig said the ban could push developers to refurbish […]
BANK OF MAKATI (A Savings Bank), Inc. expects the Bangko Sentral ng Pilipinas’ (BSP) rate-cut cycle to boost its profitability next year, its top official said. “Slowly, as they (BSP) bring down the policy rates, [our income is] improving. Hopefully, it will catch up by next year in terms of income growth,” Bank of Makati […]
Here is my list of the major economic developments in 2024; the first five are global and the next five are Philippines specific. 1. The top three fastest growing major economies are Vietnam, India, and Philippines. Major economies are those in the list of the Top 50 countries with the largest GDP size in the […]
PHILSTAR FILE PHOTO By Chloe Mari A. Hufana, Reporter PRESIDENT Ferdinand R. Marcos, Jr. and Vice-President (VP) Sara Z. Duterte-Carpio’s trust ratings in the latter half of 2024 dropped after they failed to address critical national issues, according to the latest survey by the Social Weather Stations (SWS). The survey, conducted in partnership with Stratbase […]
PHILIPPINE STAR/EDD GUMBAN By Kenneth Christiane L. Basilio, Reporter KEY POLICY reforms in education, health, and labor among other sectors have been “disregarded” as focus shifted to the 2025 midterm elections and the widening rift between two of the country’s most influential political families, analysts said. Political observers noted that incumbent politicians this year were […]
STOCK PHOTO | Image by wal_172619 from Pixabay By John Victor D. Ordoñez, Reporter PHILIPPINE LAWMAKERS should review the country’s wage-setting system and consider amending the Electric Power Industry Reform Act (EPIRA) of 2001 when Congress resumes session on Jan. 13 to ensure workers’ adequate pay amid rising costs of living and affordable power costs […]
THE Association of Southeast Asian Nations (ASEAN) Summit is being held in Laos. — REVOLI S. CORTEZ/PPA POOL THE Office of the President (OP) on Monday confirmed that it had gotten a P5-billion increase in the 2025 national budget as the Philippines is set to host the summit of the Association of Southeast Asian Nations […]
A MAGNITUDE 5.6 earthquake struck Luzon in the Philippines on Monday, the German Research Centre for Geosciences (GFZ) said. The quake was at a depth of 10 kilometers (6.2 miles), GFZ said. Philippine seismology agency Philippine Institute of Volcanology and Seismology (Phivolcs) said the tremor struck the northern town of Bangui in Ilocos province. The […]
BUCOR THE Bureau of Corrections (BuCor) granted a fresh start to 1,000 prisoners released between November and December 2024, bringing the total number of convicts released this year to 7,707. In a statement on Monday, Director General Gregorio Pio P. Catapang, Jr. said of the newly released inmates, 625 completed their maximum sentences, 190 received […]