FREEPIK THE BOARD of Investments (BoI) has approved 225 investment pledges worth P1.35 trillion this year, already surpassing 2023’s total. The value of approved investment pledges as of Sept. 16 increased by 82% from the P741.98 billion worth of projects approved a year earlier, the investment promotion agency said in a statement on Monday. This […]
THE BELLWETHER Philippine Stock Exchange index (PSEi) could end the year above the 7,000 mark on expectations of monetary easing here and abroad, analysts said, especially with the US Federal Reserve expected to kick off its long-awaited rate cut cycle this week. On Monday, the PSEi rose by 1.15% or 81.35 points to close at […]
By Chloe Mari A. Hufana, Reporter REGIONAL WAGE BOARDS have approved increases in the daily minimum wages of workers in the Cavite, Laguna, Batangas, Rizal, Quezon (Calabarzon) provinces and in Central Visayas, the Department of Labor and Employment (DoLE) said on Monday. The Regional Tripartite Wages and Productivity Boards (RTWPB) of Region 4-A and Region […]
FREEPIK By Ashley Erika O. Jose, Reporter AIRLINE COMPANIES’ profitability is at risk in the second half of the year due to unpredictable fuel prices and economic uncertainties, but strong demand during peak travel periods and the holiday season could provide a boost, according to analysts. “While these companies have demonstrated resilience, their recovery trajectory […]
THE Metropolitan Waterworks and Sewerage System (MWSS) board of trustees has approved fourth-quarter rate adjustments for Manila Water Co. and Maynilad Water Services, Inc. to account for foreign exchange losses or gains. In a statement, MWSS said it approved a hike of P0.86 per cubic meter for Manila Water and a rebate of P0.29 per […]
PHILSTAR FILE PHOTO MIESCOR Infrastructure Development Corp. (MIDC) and PhilTower Consortium, Inc. are forming a joint venture aimed at enhancing network infrastructure and accelerating the rollout of wireless technology in the Philippines. “The partnership of MIDC and PhilTower creates a powerhouse in the Philippine towerco industry which offers strategic advantages that will not only strengthen […]
1 of 2 ENA MORI will once again co-produce and program the club-themed concert Ena Matsuri (in English: Ena Festival) at the Justin Bella Alonte Photography Studio, Makati City, on Sept. 21. Following the success of her birthday celebration a year before, Ms. Mori has continued to build a dedicated fan base. The Japanese-Filipino indie […]
COSETTE V. CANILAO By Ashley Erika O. Jose, Reporter ABOITIZ InfraCapital, Inc., the infrastructure arm of the Aboitiz group, is working to expand its core segments and stabilize its other businesses to match the performance of its mature assets, the company’s president said “I think with most of our operating assets already in place, we […]
LISTED property developer Filinvest Land, Inc. (FLI) is acquiring 100% of condotel operator FORA Services, Inc. (FOSI) as part of bolstering its portfolio and long-term growth plans. FLI’s executive committee approved the acquisition of FOSI from its subsidiary Filinvest Hotel Corp. (FHC) for P400,000, the Gotianun-led property developer said in a regulatory filing on Monday. […]
SM Supermalls is ringing in the holiday spirit with its 100 Days of Joy countdown, spreading cheer and generosity all over the Philippines. Every day from Sept. 16 to Dec. 25, SM will be giving back to the shoppers and communities that have made the malls a joyful place all year round. With 86 malls […]