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LBC back in the red on higher debt payments
Courier giant LBC Express Holdings Inc. sank in the red in the first quarter as it paid loans acquired in the latter half of 2023 and took on new debts to fund capital expenditures......»»
Alliance Global injects P2.6-B into Megaworld
Megaworld clarified the recent subscription of its parent company, Alliance Global, to 1.375 billion common shares at P1.90/share to say that it is part of a plan to increase MEG’s outstanding authorized capital stock by P5.5 billion (from P40.2 billion to P45.7 billion)......»»
Xinhua Asia-Pacific news summary at 1600 GMT, May 21
BANGKOK -- Severe turbulence on the Singapore Airlines flight SQ321 from London to Singapore has left one passenger dead and 30 others injured, forcing an emergency landing at Suvarnabhumi Airport in Thailand's capital Bangkok on Tuesday, Thai authorities said. The Boeing 777-300ER jet experienced severe turbulence en route and was forced to divert to Bangkok, where it landed at 3:45 p.m. local time, Singapore A.....»»
Xinhua Asia-Pacific news summary at 1600 GMT, May 20
NEW DELHI -- At least 17 people were killed and eight others injured Monday after a pickup vehicle carrying them skidded off the road and fell into a gorge in the central Indian state of Chhattisgarh, police said. The accident occurred near Bahpani village in Kabirdham district, about 173 km northwest of Raipur, the capital city of Chhattisgarh. (India-Road Accident) - - - - MANILA -- Philippine Se.....»»
Figaro spending P1 billion this year for group-wide store expansion
Figaro Coffee Group Inc. (FCG) is earmarking about P1 billion for capital expenditures this year to sustain its growth......»»
Extreme heat scorches parts of north India; New Delhi on high alert
NEW DELHI - Parts of northwest India sweltered under scorching temperatures Saturday, with the capital, New Delhi, under a severe weather alert as extreme temperatures struck parts of the country.India's weather department expects heat wave conditions to persist across the north for the next few days and has put several states on high alert.On Friday, parts of New Delhi reported up to 47.1 degrees Celsius.....»»
BVLGARI brings a new brand of opulence to NUSTAR Resort Cebu
After four years of planning, Italian luxury fashion house BVLGARI finally opens its doors to discerning Cebuano fashionistas at the NUSTAR Resort Cebu on May 10, 2024. This would be the third store the brand has in the country and the only one outside the capital (after the Greenbelt and Solaire branches). In a star-studded.....»»
AGI allots P75 billion for 2024 capex
Alliance Global Group Inc. , the holding company of tycoon Andrew Tan, has set aside P75 billion for capital spending this year to support the continuous growth and expansion of its businesses......»»
5 dead, 4 injured in three-vehicle crash in Philippines
MANILA, May 15 (Xinhua) -- Five people were killed and four others injured in a three-vehicle collision in Quezon province, southeast of the Philippine capital, before dawn on Wednesday, police said. Police said the fatal accident happened around 2:30 a.m. local time when a speeding truck crashed into a three-wheeled motorcycle carrying nine people while traveling along a highway in Lopez town. The collision cau.....»»
Megaworld earmarks P55 billion for 2024 capex
Real estate giant Megaworld Corp. is spending P55 billion for capital expenditures this year to further bolster its expansive portfolio......»»
1 dead, 5 injured in road crash in Philippines
MANILA, May 12 (Xinhua) -- One person died and five others were severely injured after their car fell off a bridge in Camarines Sur province, southeast of the Philippine capital, amid a heavy downpour on Sunday morning, local media reported. A local news outlet, quoting the Municipal Disaster Risk Reduction and Management Office, said the sedan car was traveling southbound when the accident occurred around 11:30.....»»
Free trade counteracts global shocks – ADB
“Free trade and free movement of capital have benefited our region for decades, and this must be the way forward.”.....»»
What does it mean to be Asian in America
More than two decades into her American journey, Shamarukh Mohiuddin navigates the crossroads of culture and identity.A Washington-area business consultant by day, Mohiuddin supports Asian American causes, performs with a dance group at the capital's annual Fiesta Asia and checks 'Asian' on forms. Yet, the label doesn't quite fit.She prefers 'Bangladeshi American,' a term that resonates more deeply with h.....»»
Philippines FDI net inflows grow by 29.3 pct in February
MANILA, May 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 29.3 percent in February to reach 1.4 billion U.S. dollars, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) attributed the surge in FDI inflows in February to the 927.3 percent expansion in nonresidents' net investments in equity capital, excluding reinvestment of earning.....»»
List or sell? PLDT weighs options on data centers
Telco-to-tech provider PLDT Inc. is open to the possibility of listing a real estate investment trust in the Philippine Stock Exchange, eyeing to raise fresh capital from its data center business for debt payments......»»
LIST: Tree cover loss in Cebu per area
CEBU CITY, Philippines – Since 2001, Cebu, home to over 5 million people and the largest economic hub outside the capital Manila, has lost thousands of hectares of tree cover. At least 10.1 kilo-hectare, or around 10,100 hectares of tree cover in Cebu, were depleted in a span of 20 years, data from Global Forest.....»»
2 motorcycle riders die in road crash in Philippines
MANILA, May 6 (Xinhua) -- Two people were killed after their motorcycle rammed into a truck in the Philippine capital before dawn on Monday, authorities said. A street video surveillance camera caught the speeding motorcycle with the male riders crashed into the back of the slow-moving trailer truck in Tondo, a district in Manila City. The victims died at the scene. Emergency responders said the dr.....»»
1 dead, 1 injured in Philippine capital fire
MANILA, May 5 (Xinhua) -- One female was killed and another adult injured in a fire that broke out in Manila City on Sunday, the Bureau of Fire Protection said. Firefighter Charles Bacoco told reporters that the fire broke out around 9:30 a.m. local time, trapping the sleeping bedridden woman inside a building. Bacoco said the fire started at a residential building at the back of a hotel owned by the vict.....»»
Jump starting Phl startups
Not far from one of Apple’s sprawling campuses in this region in northern California which is touted as the world’s tech capital, there’s an office called Plug and Play Tech Center......»»
Four VP rivals also got identical votes in Manila
Four vice presidential contenders also got identical votes in Manila in Election 2022. Same as what happened to five presidential bets in the capital city’s precincts......»»