We are sorry, the requested page does not exist
Globe sets 2024 capex at P55 billion, a 5-year low
Mobile giant Globe Telecom Inc. is bringing down its capital expenditures to a five-year low of P55 billion in 2024, as the telco works on attaining a certain cost efficiency for financial health......»»
CREC earmarks P35 billion capex for RE projects
Citicore Renewable Energy Corp. is allocating P35 billion for capital expenditures this year as it continues to bolster its renewable energy portfolio......»»
Malaysian airline Capital A records load factor of 88 pct in FY2023
KUALA LUMPUR, Jan. 24 (Xinhua) -- Malaysian airline group Capital A, formerly AirAsia, has achieved a robust group load factor of 88 percent for the fiscal year of 2023, a year-on-year increase of 5 percentage points. Capital A said in a statement on Wednesday that the load factor showed the return of strong travel demand, which was aligned with the group's effort to inject capacity back into the market and rein.....»»
Malaysian airline Capital A records load factor of 88 pct in FY2023
KUALA LUMPUR, Jan. 24 (Xinhua) -- Malaysian airline group Capital A, formerly AirAsia, has achieved a robust group load factor of 88 percent for the fiscal year of 2023, a year-on-year increase of 5 percentage points. Capital A said in a statement on Wednesday that the load factor showed the return of strong travel demand, which was aligned with the group's effort to inject capacity back into the market and rein.....»»
Haute summer: Store openings, pop-up stores solidify Manila’s claim as fashion capital
Here are some updates on new fashion store openings in town that further stake Manila’s claim as a budding global fashion capital, as the “world’s richest man in fashion” Bernard Arnault, Chairman and Chief Executive Officer of Louis Vuitton Moet Hennessy (LVMH), believed Manila would be......»»
MPIC, SMC bids for MRT-3 rejected
The Department of Transportation will decline the privatization offers for the Metro Rail Transit Line 3 made by tycoons Manuel V. Pangilinan and Ramon Ang, as it eyes to get additional offers from the private sector......»»
On its 10th year, Virtual Playground rebrands to VP Global
Virtual Playground recently rebranded to VP Global Athlete and Artist Management as part of its 10th-anniversary celebration. Formed by veteran movie producer Dondon Monteverde and sports agent/businessman Charlie Dy, VP Global has been overseeing the careers of “champions and idols” in the fields of sports and showbiz......»»
Global Dominion Joins The Fight Against Scammers and Fake Accounts
Before 2023 ended, Global Dominion reported a case of unauthorized use of the company’s name in what appeared to be a mobile application. This concern was brought up by a concerned individual via Global Dominion’s customer service and complaints division (CSC). The company then submitted a report to the National Bureau of Investigation’s (NBI) Cyber.....»»
The Future of Work: AI’s Double-Edged Sword for Global Economies
Artificial Intelligence (AI) holds promise in revolutionizing global productivity and economic growth. However, the flip side includes potential job displacement and a widening wealth gap. Without proper policies, nations may struggle to adapt to this emerging technology. The International Monetary Fund (IMF) indicates that nearly 40% of global jobs could be influenced by AI. In […].....»»
PH Economy Remains Optimistic Amid Global Slowdown
The country is one of the fastest growing economies in East Asia and the Pacific according to the World Bank, foreseeing robust growth despite global economic slowdown. In the latest World Bank Global Economic Outlook report released on Tuesday, the Philippines is expected to maintain its economic growth rate in 2024 at 5.8%, slightly higher […].....»»
DA working double time to increase rice production at lower cost amid inflation
The Department of Agriculture promised to intensify its efforts to increase the level of rice production in the Philippines with lower expenditures to alleviate food and non-food inflation, particularly rice......»»
Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»
CA approves ad interim appointment of Recto
The Commission on Appointments approved yesterday the ad interim appointment of Finance Secretary Ralph Recto, who vowed to plug tax leaks, improve tax administration and prevent wasteful expenditures......»»
3 dead, 17 injured in multi-vehicle crash in Philippine capital
MANILA, April 30 (Xinhua) -- A speeding bus crashed into several vehicles along a busy highway in the Philippine capital on Monday night, killing three and injuring 17 others, police said on Tuesday. According to the police, the multi-vehicle accident happened around 9 p.m. local time and involved a bus, a passenger van, a taxi, and five motorcycles. Initial investigation showed that the bus first rammed.....»»
2 dead, 9 injured in Philippine capital fire
MANILA, April 22 (Xinhua) -- Two people died and nine were injured in a fire that gutted a residential area in the Philippine capital on Monday afternoon, the Bureau of Fire Protection said. The bureau said the fire, which broke out around 12:45 p.m. local time, took the lives of two female residents. The bureau added that five residents were injured, including a 60-year-old male and a 55-year-old female.....»»
PAL hikes capital to P30 billion
Flag carrier Philippine Airlines (PAL) has received regulatory approval to raise its capital stock to P30 billion to free up space for fresh investments from its parent unit......»»
SEC, UP Law Center partner to boost capital market
The Securities and Exchange Commission has joined forces with the University of the Philippines Law Center to boost the capital market......»»
Onion capital holds Sibuyas Festival
Onion capital holds Sibuyas Festival.....»»
Singlife gets P600 million capital infusion
Digital life insurance firm Singlife Philippines has secured a P600-million capital infusion from its parent company in Singapore as it moves to grow its market presence in the country......»»
Pre-dawn fire in Philippine capital kills 1
MANILA, March 30 (Xinhua) -- A 59-year-old man died in a pre-dawn fire that gutted a house in the Philippine capital Manila on Saturday, a firefighter officer said. Ronaldo Sanchez, marshal at Navotas City Fire Station, said the fire broke out at around 3 a.m. local time and trapped the victim on the second floor of the three-story house. Sanchez added that the victim was fast asleep when the fire spread,.....»»