RUDY DONG-UNSPLASH By Ashley Erika O. Jose, Reporter THE Transportation department said the development of Sangley Point International Airport (SPIA) remains uncertain as the joint-venture company still has to secure other approvals before the project moves forward. This comes after the Philippine Competition Commission (PCC) announced on Monday that it has approved the proposed joint […]
A credit card is used on a payment terminal in this illustration picture. — REUTERS THE BANKING SECTOR in Southeast Asia, including the Philippines, may face asset quality risks amid rising household debt, Moody’s Ratings said. “High household debt amid elevated interest rates have increased asset risks to several Association of Southeast Asian Nations (ASEAN) […]
Oil firms announced a rollback in the price of gasoline by P0.50 per liter, diesel by P0.70 per liter, and kerosene by P0.85 per liter, which will take effect on Tuesday (Oct. 22). — PHILIPPINE STAR/MIGUEL DE GUZMAN By Sheldeen Joy Talavera, Reporter SEVERAL OIL FIRMS have committed to complying with the government’s mandate of […]
The EY Entrepreneur Of The Year 2024 Philippines has concluded its search for the country’s most visionary leaders shaping opportunities and transforming industries. It is a program of the SGV Foundation, Inc., with co-presenters: the Asian Institute of Management, the Department of Trade and Industry, the Philippine Business for Social Progress, and the Philippine Stock […]
THE PROPERTY UNIT of PHINMA Corp. launched a P12-billion mixed-use township in Bacolod City on Oct. 19, expanding its portfolio and nationwide presence. PHINMA Property Holdings Corp. (PHINMA Properties) introduced the 21-hectare Saludad township, which will feature a business district as well as various services from the PHINMA group, such as education from PHINMA Education […]
By Ashley Erika O. Jose, Reporter MERALCO PowerGen Corp. (MGen) President and Chief Executive Officer (CEO) Emmanuel V. Rubio is bullish on the company’s future, banking on its renewable energy (RE) projects to establish MGen as a powerhouse in the Philippines. “The optimized market that’s running at the moment is enticing for investments,” Mr. Rubio […]
ABS-CBN Corp. may not achieve financial recovery this year due to declining advertising revenues and low investor confidence, according to analysts. “Given the drop in consolidated revenues and the ongoing strain from lower advertising income, ABS-CBN is unlikely to see a significant financial boost this year,” Globalinks Securities and Stocks, Inc. Head of Sales Trading […]
ARTHALAND CENTURY PACIFIC TOWER — ARTHALAND.COM THE PHILIPPINE STOCK Exchange (PSE) has approved the P3-billion planned follow-on offering (FOO) of listed property developer Arthaland Corp. to repay loans and fund a planned residential condominium project. The FOO has a base offer consisting of up to four million cumulative, nonvoting, nonparticipating, nonconvertible, and redeemable peso-denominated Series […]
CEBU PACIFIC is further boosting its Iloilo hub with the launch of three domestic routes in December, the budget carrier said on Monday. In a statement, Cebu Pacific, operated by Cebu Air, Inc., said it will mount three new routes from Iloilo in December to increase inter-island connectivity within the region. Starting Dec. 1, Cebu […]
PHILIPPINE STAR/WALTER BOLLOZOS THE CIVIL Aeronautics Board (CAB) is keeping the passenger fuel surcharge unchanged for November. In an advisory on Monday, CAB retained the passenger surcharge at Level 4 for next month, the second time the fuel surcharge was set at this level for the year. At Level 4, the passenger fuel surcharge is […]