June inflation likely hit 6% — poll

PHILIPPINE STAR/ WALTER BOLLOZOS By Keisha B. Ta-asan PHILIPPINE INFLATION probably hit 6% in June amid spiraling oil and food prices and higher electricity rates, according to a median estimate of 16 analysts in a BusinessWorld poll last week, boosting the case for bigger increases in key interest rates. This would be the quickest since […]

Analysts praise Marcos veto of Bulacan economic zone bill

WWW.SANMIGUEL.COM.PH By Kyle Aristophere T. Atienza, Reporter ANALYSTS mostly welcomed newly installed President Ferdinand R. Marcos, Jr.’s veto of a bill that would have created a special economic zone north of the Philippine capital, saying it sent a message that public interest should trump business gains. Mr. Marcos made the right decision in rejecting that […]

Business sentiment for next 12 months worsens

PHILIPPINE STAR/ KRIZJOHN ROSALES BUSINESS SENTIMENT worsened for the next 12 months, with consumers less likely to spend amid rising oil and food prices, according to the Philippine central bank. The Bangko Sentral ng Pilipinas (BSP) confidence index fell to 59.9% from 69.8%, according to the results of its Business Expectations Survey. “The less upbeat […]

Pushkart.ph plans expansion to Cavite, Pampanga by third quarter

ONLINE grocery shopping and delivery platform Pushkart.ph is aiming to expand in cities across Cavite and Pampanga within the third quarter of this year. Pushkart.ph said that the expansion to Cavite and Pampanga would be under a partnership with Metro Retail Stores Group, Inc., via its Metro Supermarket. “Well-positioned for expansion, Pushkart.ph is ready to […]

Filinvest starts making precast concrete products

CALAMBA, LAGUNA – Gotianun-led, Filinvest Land, Inc. (FLI) expects to boost product delivery as it launched along with Dreambuilders Pro, Inc. its first precast and batching plant in its township development Ciudad de Calamba on Saturday. “The addition of concrete batching into the portfolio of our construction arm Dreambuilders Pro will allow us to strengthen […]

SteelAsia to start operating Batangas melt shop in 2024 

STEEL firm SteelAsia Manufacturing Corp. is planning to start the operation of its industrial scale melt shop in Lemery, Batangas by 2024. SteelAsia said the melt shop, which is the first of its kind in the country, will use the latest green technology from Italy-based steel and mining firm Tenova to reduce the project’s carbon […]

Cebu Pacific resumes flights to Sydney

BUDGET carrier Cebu Pacific announced that it resumed its direct flights between Manila and Sydney as of July 1 amid the easing of travel restrictions in the Philippines and Australia. “With this route resumption, we are pleased to fly once again to and from this destination after more than two years,” Cebu Pacific Chief Commercial […]

Filipinas open ASEAN women’s tournament against Matildas

FILIPINAS training under the watchful eyes of Alen Stajcic. — PFF HOST Philippines gets tested in the AFF Women’s Championship right away as it opens its campaign against Australia’s Under 23 (U23) team on Monday night at the Rizal Memorial Stadium. The Filipinas take on the Australians, the 2008 winners, at 7 p.m., intent on […]

SFA Semicon earnings down 20%

SFA Semicon Philippines Corp. (SSP) reported that its first-quarter net income attributable to parent equity holders went down by 20.2% to $3.19 million from $4 million despite higher revenues. In the first quarter, revenues increased by 13.8% to $89.95 million from $79.06 million in 2021, driven by sales of card, blister, and module products. “Based […]

Buy a shirt to give peace a chance

1 of 5 WHEN we’re running away from real tragedy: riots, plagues, and wars, of which we have seen far too much in the last two years, fashion tends to take a backseat. In a press conference streamed from Japan on June 16, Japanese clothing giant Uniqlo makes a case for fashion taking a leading […]