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Marcos to visit Australia, address Parliament
President Marcos will visit Australia’s capital Canberra on Feb. 28 and 29 to speak before the Australian parliament and discuss key mutual issues, including defense and security, with the country’s senior officials, Malacañang announced yesterday......»»
ALI spending P100 billion for projects this year
Ayala Land Inc, the listed property giant of the Ayala Group, is ramping up its investments this year with capital spending returning to pre-pandemic level......»»
Rate cuts to help investments regain momentum – economist
The country’s investment climate will likely regain its momentum once policy rates here and abroad start to normalize in the second half of the year, coupled with economic reforms meant to attract foreign capital......»»
Higher consumption seen to drive GDP growth faster
The Philippine economy is expected to grow at a faster pace this year with the record-high employment and lower inflation likely to support consumption spending, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) Capital Markets Research......»»
Globe gets P1.5 billion from tower sale
Wireless giant Globe Telecom has received P1.5 billion from its tower sale with PhilTower Consortium Inc., pumping in additional cash to pay for capital expenditures and maturing debts......»»
Mona Lisa in Paris: Painting’s glass protection gets splashed with soup
Two protesters on Sunday hurled soup at the bullet-proof glass protecting Leonardo da Vinci’s “Mona Lisa” in Paris, demanding the right to “healthy and sustainable food”, an AFP journalist saw. Two women threw red and orange soup onto the glass protecting the smiling lady to gasps from the crowd in the French capital’s Louvre museum, an.....»»
EDITORIAL - Minimum inconvenience
With just over a week to go before the deadline, 313 routes in the National Capital Region still lack a consolidated transport service entity, according to data from the Land Transportation Franchising and Regulatory Board. After a one-month grace period, the LTFRB says it will no longer give another extension of the deadline, as it cited a 76.6 percent consolidation rate nationwide......»»
95 areas in Davao Region still grapple with flooding
Ninety-five areas in the Davao Region continue to grapple with flooding, as reported by the Office of Civil Defense-Davao Region (OCD-Davao). Davao del Norte has the highest number of flooded areas, with 64 barangays affected, followed by Davao Oriental with 22, and Davao de Oro with nine. The region has also experienced over 50 landslides, with Davao de Oro leading with 44 incidents and eight in Davao Oriental. Tragically, a significant landslide in Monkayo, Davao de Oro resulted in nine confirmed deaths, one critical injury, and four individuals still under search and rescue operations. Davao City also recorded casualties due to heavy rains. The adverse weather conditions have affected thousands of individuals and displaced over 4,000 families in evacuation centers. The Department of Social Welfare and Development-Davao Region (DSWD-Davao) has provided assistance to the affected families. The heavy rainfall is attributed to a weather system known as a shear line, causing widespread impact in the Visayas and Mindanao areas......»»
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.....»»