Motorists pass through the toll booths at the South Luzon Expressway. — PHILIPPINE STAR/RUSSELL A. PALMA By Ashley Erika O. Jose, Reporter THE Department of Transportation (DoTr) postponed the implementation of new tollway guidelines, which impose fines on motorists with no radio frequency identification (RFID) tags or insufficient funds on their accounts, to Oct. 1. […]
PHILIPPINE STAR/MIGUEL DE GUZMAN THE CONTINUED GROWTH in overseas Filipino worker (OFW) remittances will likely be sustained, although a potential slowdown in developed economies could weigh on this outlook, GlobalSource Partners said. “The prospects for OFW remittances appear promising given the recovery of many advanced economies,” GlobalSource analysts Diwa C. Guinigundo and Wilhelmina C. Mañalac […]
By KATHERINE L. MAGSANOC MANILA, Philippines — In the age of AI, it may be hard to understand that there are still many Filipinos who do not know how to go to a bank, open a bank account, maintain it, and make it grow. This is true when it comes to Filipinos living in the […]
PHILIPPINE STAR/RYAN BALDEMOR TWO power generation companies under San Miguel Corp. (SMC) and Aboitiz Power Corp. (AboitizPower) will undergo post-qualification evaluation for Manila Electric Co.’s (Meralco) 600-megawatt (MW) baseload supply requirement, the power distributor announced on Tuesday. “Masinloc Power Co. Ltd. was declared the best bid after it offered P5.6015 per kilowatt-hour (kWh) total levelized […]
BW FILE PHOTO THE SECURITIES and Exchange Commission (SEC) has revoked the corporate registrations of Procap International, Inc. and Ray International Philippines Corp. following allegations of unauthorized solicitation of investments from the public. The SEC’s Enforcement and Investor Protection Department issued separate orders canceling the corporate registrations of both companies, the commission said in a […]
GOTIANUN-LED Filinvest Hospitality Corp. (FHC) is aiming to add close to 2,000 new rooms in the next five years, a company official said. “We’re looking at adding close to 2,000 keys. It’s more about the quality of the keys and the spread as opposed to the number,” FHC First Senior Vice-President Francis Nathaniel C. Gotianun […]
BW FILE PHOTO THE PHILIPPINE Stock Exchange, Inc. (PSE) and the Taiwan Stock Exchange (TWSE) will collaborate on product development and market promotion to enhance their respective exchanges. PSE President and Chief Executive Officer Ramon S. Monzon and TWSE Chairman Sherman Lin led a memorandum of understanding (MoU) signing ceremony on Aug. 20 at the TWSE […]
OFFICIAL ‘Kakakompyuter Mo Yan!’ photo from the US run of the exhibit from Developh. THE PHILIPPINES is considered one of the most online populations in the world, its citizens leading in terms of internet use based on studies by Google and Bain & Co. Despite this, the country’s economy continues to lag, with Filipinos also […]
ST Telemedia Global Data Centres (Philippines), a data center solutions provider, aims to advance its expansion plans to help position the country as the next data storage hub, a company official said on Tuesday. “Our goal is to support positioning the Philippines as a regional hub for data storage,” STT GDC Philippines Board Director Jaime […]
By KATHERINE L. MAGSANOC MANILA, Philippines — In the age of AI, it may be hard to understand that there are still many Filipinos who do not know how to go to a bank, open a bank account, maintain it, and make it grow. This is true when it comes to Filipinos living in the […]