ABS-CBN shows back on Channel 2
The Lopezes have found another platform where they can air ABS-CBN shows, signing a content partnership agreement with the network that took over their frequencies......»»
SM Prime defers $1 billion IPO of REIT unit
There will be no initial public offering happening this year for the real estate investment trust of Sy-led integrated property developer SM Prime Holdings Inc......»»
Washington summit to bring more FDIs into Philippines
Several multinationals are pouring in new investments or expanding their operations in the Philippines as a result of President Marcos’ successful and historic trilateral summit in Washington recently, House Speaker Martin Romualdez said......»»
Government infrastructure spending scaled up to P121 billion
The government increased its infrastructure spending by nearly seven percent to P121 billion from January to February compared to last year’s level on the back of higher disbursements for road projects, the Department of Budget and Management said......»»
Password security
May 1 apparently is no longer just Labor Day, it has also been designated as World Password Day......»»
Fewer ads take toll on GMA’s profitability
Broadcast giant GMA Network Inc. booked fewer advertising placements in the first quarter, causing its revenue to fall and consequently squeezing its profit......»»
BPI bullish this year amid continued loan growth
After posting record earnings in the first quarter, Bank of the Philippine Islands is optimistic about its growth prospects for this year as it sees its loan book growing by 11 to 12 percent, mainly driven by higher loans from consumers......»»
SMC eyes P20 billion fixed bond offer
Diversified conglomerate San Miguel Corp. targets to offer in June fixed-rate bonds in a bid to raise P20 billion......»»
Easing Middle East tensions push market higher
The stock market advanced for a second consecutive session yesterday as it received much-needed boost from gains in the US market as well as easing tensions in the Middle East......»»
Energy policy failure
The Department of Energy has revealed that the total capacity of power plants in forced outages has more than doubled over the past two weeks compared to the average 700 MW recorded over the last four years. Of course. What would they expect after officials of the DOE, past and present, did nothing about the inconvenient reality that 50 percent of our operating power plants are over 20 years old and are losing their reliability......»»
SEC asks Google, Apple: Remove Binance from app marketplaces
In SEC’s press release on Tuesday, it said that it sent separate letters to Google and Apple asking them to remove the applications controlled by Binance in their respective application marketplaces in the Philippines......»»
Meralco, DOE urge firms to join ILP to ensure power supply sufficiency
The Manila Electric Company (Meralco) and the Department of Energy (DOE) called on companies to participate in the government's Interruptible Load Program (ILP) to help maintain adequate power supply during the warm and dry season......»»
SEC sets deadline for 2024 submission of annual reports
The Securities and Exchange Commission (SEC) has set the deadlines for the submission of the annual financial statements (AFS) and general information sheets (GIS) of corporations in 2024......»»
BSP collects P649 million from coin deposits
The Bangko Sentral ng Pilipinas has collected more than P600 million worth of coins as part of efforts to bring these back to circulation and address the shortage due to improper storage or disposal......»»
Producers Savings Bank acquires Leyte rural bank
Producers Savings Bank Corp. has completed its merger with one more rural bank, bolstering the bank’s assets and profit growth via its branch network expansion......»»
Detoxicare, AstraZeneca collaborate on groundbreaking breast cancer testing
Detoxicare Molecular Diagnostics Laboratory, a subsidiary of Detoxicare Philippines Inc., recently inked a partnership deal with global biopharmaceutical company AstraZeneca to spearhead next-generation sequencing for breast cancer, marking a significant step forward in the fight against the disease......»»
Index closes flat on lack of market-moving news
The stock market opened the week with minimal gains as investors waited for catalysts......»»
AEV seeks to grow non-power businesses
Conglomerate Aboitiz Equity Ventures Inc. (AEV) aims to significantly expand the contribution of its non-power business in the coming years as part of the group’s diversification strategy......»»
BSP to be more cautious on lowering rates – S& P
The Bangko Sentral ng Pilipinas, along with other emerging market central banks, would be more cautious about cutting borrowing costs this year amid external risks, according to S&P Global Ratings......»»
Ecozone investments slip by 9% in 4 months
Total investments approved by the Philippine Economic Zone Authority reached nearly P30 billion in the first four months of 2024, a nine percent decline from P33.094 billion worth of projects cleared in the same period last year......»»