Fastest in five months: Cash remittances jump by 3.6% in May — BSP

PHILIPPINE STAR/ MIGUEL DE GUZMAN By Luisa Maria Jacinta C. Jocson, Reporter MONEY SENT HOME by overseas Filipino workers (OFWs) rose by 3.6% in May, its fastest pace in five months, data from the Bangko Sentral ng Pilipinas (BSP) showed. The BSP on Monday reported that cash remittances coursed through banks grew by 3.6% to […]

Meralco rates up by P2 per kWh in July as power costs ‘normalize’

Linemen are at work in Manila, April 25, 2024. — PHILIPPINE STAR/RYAN BALDEMOR By Sheldeen Joy Talavera, Reporter HOUSEHOLDS SERVED by Manila Electric Co. (Meralco) will face higher power bills this month as rates go up by more than P2 per kilowatt-hour (kWh) due to a normalization in power costs. In a statement on Monday, […]

NG’s use of GOCCs’ excess funds flagged

By Kyle Aristophere T. Atienza, Reporter BUDGET ANALYSTS on Monday flagged the National Government (NG) for diverting excess funds from state-owned companies, noting that the move may compromise their services while the funds may likely be used by politicians as the 2025 polls near. The move is a populist approach to addressing the fiscal situation, […]

PHL likely to grow by 5-6% this year — House think tank

People shop for school uniforms and supplies at a the Commonwealth Market in Quezon City, July 14, 2024. — PHILIPPINE STAR/MIGUEL DE GUZMAN By Kenneth Christiane L. Basilio THE GOVERNMENT of President Ferdinand R. Marcos, Jr. might have done enough pump-priming and should let the private sector take on a bigger role in boosting the […]

A one-stop shop for sneakers, LEGO, Funko Pop, and NBA cards

TOKIASIA.COM Toki’s founders left their jobs at GCash to start the safest, most trustworthy online marketplace for collectibles in the Philippines. THE THRILL of finding and obtaining rare, coveted shoes is what bonds the sneakerhead community. Sleek running shoes, chunky and colorful Japanese-style shoes, and classic Air Force Ones worn by many a basketball player […]

To be wrapped in warmth

By Brontë H. Lacsamana, Reporter Album ReviewWhere the Butterflies Go in the RainRaveenaMoonstone Recordings LLC/Empire Distribution THE BLEND of dance-friendly, Western R&B with Indian instrumentation may be what sets Indian-American musician Raveena apart from the other indie pop singers that arose in the mid-2010s. But with her latest outing released just a month ago, Where […]

Analysts: Potential foreign takeover to boost DITO CME’s operations, financial position

By Ashley Erika O. Jose, Reporter THE POTENTIAL acquisition of a majority stake in DITO CME Holdings, Inc. by a foreign group will likely bolster the company’s financial health and operational capabilities, according to some analysts. “Additional equity is very important because DITO’s telecommunications business is capital intensive and its operating cash flow remains negative,” […]

PHL semiconductor exports outlook grim for 2024 — SEIPI

REUTERS PHILIPPINE exports of semiconductors and electronics are expected to decline this year amid soft demand, the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said on Monday. SEIPI President Danilo C. Lachica said that while there are positive indicators, projections suggest that the industry’s exports may still decrease compared to last year’s figures. […]

AirAsia PHL logs 3.86 million passengers driven by millennial, Gen Z demand

NEWSROOM.AIRASIA.COM LOW-COST carrier AirAsia Philippines said it has recorded 3.86 million passengers as of July, with strong demand from millennials and Generation Z driving its passenger seat sales. “AirAsia MOVE app was able to market the airline’s monthly promos and reach millions worldwide,” AirAsia Philippines said in a statement on Monday.  In the Philippines alone, […]