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Project delays prune Converge’s 2024 capex
Broadband provider Converge ICT Solutions Inc. is cutting down its spending guidance for the year to between P12 billion and P14 billion as a result of delays in some of its projects......»»
New Car District showroom opens to address demand for local and imported cars
In response to the rising demand for premium brand-new and pre-owned cars, Car District opens its showroom along M.L. Quezon Street, Casuntingan, Mandaue City, Cebu, curating a collection of foreign and local car brands for its discerning clientele. The ceremonial ribbon-cutting for the opening of the new Car District showroom was led by Jonas Dy.....»»
LBC back to profit on cost cutting
Logistics courier LBC Express Holdings Inc. booked a profit of nearly P200 million in 2023, as it slashed business costs to offset the decrease in revenue......»»
Saving Money Amidst Rising Prices
Saving money while prices are on the rise can be difficult, especially when the costs of basic commodities such as food, water, and electricity are also increasing. It’s easy to say that cutting back on purchases will help us save, but in reality, it’s not always viable. In such bad situations, how can we maintain […].....»»
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......»»
CebuDoc pioneers cutting-edge SPECT/CT scanner in PH
Incubating its leadership in nuclear medicine, the Cebu Doctors’ University Hospital (CebuDoc) proudly introduces the first-in-the-Philippines advanced SPECT/CT scanning solution, Symbia Pro.specta, now housed at its very own Center for Nuclear Medicine on April 12, 2024. This up-to-par SPECT/CT imaging machine is poised to improve the sensitivity and specificity of the diagnostic procedures of CebuDoc.....»»
BSP urged: Ensure out-of-the-woods inflation before cutting interest rates
Monetary authorities must ensure that inflation is finally out of the woods before any move to ease policy rates, state-run Land Bank of the Philippines said......»»
Low subsidy forces LRTA to cut budget for train rehab
The Light Rail Transit Authority is cutting its budget for the restoration of trains to make the most of the lower subsidy given to the agency this year......»»
JetBlue is cutting unprofitable routes and leaving 5 cities
JetBlue Airways is making significant changes to its route network in response to a failed bid for Spirit Airlines. The airline has announced that it.....»»
Chan questions resumption of vessel dismantling works in Punta Engaño
LAPU-LAPU CITY, Cebu – The cease and desist order (CDO) that Lapu-Lapu City Mayor Junard Chan issued against the dismantling of a ship that got stuck on the shores of Sitio Jansen in Barangay Punta Engano has not been lifted. Chan issued the clarification following reports that cutting works to dismantle the ship has resumed......»»
Japan invests $4.8 billion in TSMC plant, emphasizing importance of cutting-edge chips for future industries
Japan has announced plans to provide an additional ¥732 billion in subsidies for Taiwan Semiconductor Manufacturing Co. (TSMC) to expand its plant in the country......»»
BSP may cut rates by mid-2024
The Bangko Sentral ng Pilipinas may start cutting interest rates as early as June this year, according to economists......»»
Magnitude 5.7 Earthquake Strikes Hawaii; No Major Damage Reported
HONOLULU - A magnitude 5.7 earthquake struck the world's largest active volcano on Friday - Mauna Loa on the Big Island of Hawaii - knocking items off shelves and cutting power in a nearby town but not immediately prompting reports of serious damage.The earthquake, which didn't cause a tsunami and which the U.S. Geological Survey initially reported as magnitude 6.3, was centered on Mauna Loa's southern flank at.....»»
Magnitude 5.7 Earthquake Strikes Hawaii; No Major Damage Reported
HONOLULU - A magnitude 5.7 earthquake struck the world's largest active volcano on Friday - Mauna Loa on the Big Island of Hawaii - knocking items off shelves and cutting power in a nearby town but not immediately prompting reports of serious damage.The earthquake, which didn't cause a tsunami and which the U.S. Geological Survey initially reported as magnitude 6.3, was centered on Mauna Loa's southern flank at.....»»
Think tank sees likelihood of BSP rate cuts starting Q2
The Bangko Sentral ng Pilipinas is expected to start cutting interest rates in the second quarter following the economic growth posted last year, according to UK-based think tank Pantheon Macroeconomics......»»
Go attends Davao Super Health Center launch
Sen. Bong Go attended the inauguration and ribbon-cutting ceremony of a Super Health Center in Barangay Toril Proper in Davao City on Tuesday......»»
China’s military and government acquire Nvidia chips despite US ban
The sales by largely unknown Chinese suppliers highlight the difficulties Washington faces, despite its bans, in completely cutting off China's access to advanced US chips that could fuel breakthroughs in AI and sophisticated computers for its military.....»»
SM Prime, GUNN Co. Ltd. ties waste-to-energy partnership
SM Prime has entered a joint venture with GUUN Co. Ltd (GUUN), with SM Prime holding 70% of the equity of the Philippine joint venture company. GUUN Co. Ltd is headquartered in Yokohama City, Japan, and operates material recovery and recycling facilities, along with environmental solution services. Invited by the government of Cebu in 2014,.....»»
Marcos Jr. eyes stronger maritime ties with India
The Philippines is seeking stronger maritime security cooperation with India to ensure the safety of seafarers from both nations as the world’s oceans are becoming more dangerous for commercial shipping, President Marcos said......»»
‘Trade with China should continue’
The Philippines should continue to pursue stronger trade ties with China despite rising tensions in the West Philippine Sea, according to the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. and the Department of Trade and Industry......»»