January 31, 2023
The Business Champion Awards ‘Sustainable Business’ finalists are released …
<?xml encoding=”utf-8″ ??> These finalists are making the UK a more sustainable and conscious place to do business. Taking care of our planet and future generations should be on every business’ agenda. It takes a lot of effort to be eco-innovative – it’s not something that happens over night. Every element of the supply chain […]
January 31, 2023
Inflation remained high in Jan. — BSP
Onions are for sale at a supermarket in Quezon City, Jan. 16. — PHILIPPINE STAR/MIGUEL DE GUZMAN HEADLINE INFLATION likely settled within the 7.5% to 8.3% range in January due to a rise in power and water rates, and higher pump prices, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday. The BSP’s month-ahead […]
January 31, 2023
IMF maintains PHL growth forecast
A woman fixes the display of Chinese lanterns at a mall in Manila. — PHILIPPINE STAR/EDD GUMBAN THE INTERNATIONAL Monetary Fund (IMF) kept its growth projection of 5% for the Philippines this year, even as it slashed the forecast for the ASEAN-5 grouping amid a looming global economic slowdown. “Our projections, which pre-date the release […]
January 31, 2023
PHL up a spot in corruption index but score remains low
A Philippine flag flutters in the air at the Bonifacio Monument in Caloocan City in this file photo. — PHILIPPINE STAR/MICHAEL VARCAS By Kyle Aristophere T. Atienza, Reporter THE PHILIPPINES saw its ranking improve one spot in a global corruption index by watchdog Transparency International, although its score remained at record low. Based on the […]
January 31, 2023
Bank lending growth slows in December as interest rates rise
Bank clients withdraw money from automated teller machines in Makati, Metro Manila, Aug. 2, 2016. — REUTERS By Keisha B. Ta-asan, Reporter GROWTH in bank lending slowed in December, data from the Bangko Sentral ng Pilipinas (BSP) showed, reflecting the impact of higher interest rates. Outstanding loans issued by universal and commercial banks increased by […]
January 31, 2023
PSALM: Casecnan hydro plant draws 14 groups
LOMBARDI A TOTAL of 14 groups have shown interest in the 165-megawatt Casecnan hydroelectric power plant in Nueva Ecija that the government plans to sell to the private sector, state-led Power Sector Assets and Liabilities Management Corp. (PSALM) said on Tuesday. Dennis Edward A. Dela Serna, president and chief executive officer of PSALM, said in […]
January 31, 2023
ICTSI ends terminal operations in Indonesia’s South Sulawesi
MAKASSAR Port Container Terminal in Indonesia — ICTSI.COM LISTED port operator International Container Terminal Services, Inc. (ICTSI) announced on Tuesday that it had ended its operations at the Makassar Container Terminal in South Sulawesi, Indonesia. ICTSI and state-owned PT Pelabuhan Indonesia IV (Pelindo IV) have “mutually agreed” not to renew their cooperation agreement, the Enrique […]
January 31, 2023
Maynilad customers to receive P101 to P377 rebate
THE Metropolitan Waterworks and Sewerage System (MWSS) said that a total of 222,221 customers of Maynilad Water Services, Inc. affected by the water service interruptions in areas served by the concessionaire’s Putatan water treatment plants will receive a rebate. In a virtual press briefing on Tuesday, Joel A. Dominguez, department manager of MWSS regulatory office’s […]
January 31, 2023
Globe hopes to improve customer experience via lens antenna technology
GLOBE Telecom, Inc. has completed pilot deployments of the first multi-beam, multi-band lens antenna technology aimed at improving customer service, the company announced on Tuesday. According to the company, the new solution was invented by MatSing Ltd. and implemented by IBMS Technology Phils. Corp. It provides improved mobile capacity and reduces coverage holes. “The lens […]
January 31, 2023
Art Fair Philippines at 10: A return to The Link, a new design, a digital section
A SCREENSHOT from Mark Inducil’s Epiphany. AFTER one year online and another in a hybrid set up, Art Fair Philippines celebrates its 10th year with its return to The Link carpark in Makati City on Feb. 17 to 19. Last year, the fair’s nine-day physical exhibition at the Ayala Triangle Gardens was visited by 18,000 […]
January 31, 2023
Ovialand posts 62% revenue rise to nearly P1.4B, plans market listing
RESIDENTIAL home developer Ovialand, Inc. exceeded its revenue target for 2022, recording a double-digit topline growth as its operations further expanded ahead of a planned maiden listing. In a press release on Tuesday, the company reported a 62% increase in full-year revenues to P1.35 billion from P833.1 million in 2021. It did not disclose net […]
January 31, 2023
Newly elected NCCA head seeks to promote arts among the youth
THE NEWLY elected National Commission for Culture and the Arts (NCCA) chair, Victorino “Ino” Mapa Manalo, wants to focus on promoting arts and culture among the youth during his three-year term. Mr. Manalo was elected to his position by the NCCA Board of Commissioners — composed of 15 representatives from other government agencies, the House […]