MANILA, Philippines — The parent company of DITO Telecommunity (DITO) is on track to reach profitability by 2027 as it projects a rise in average spending per user because of heightened data usage while its enterprise business gains...
MANILA, Philippines — The Department of Agriculture (DA) is eyeing the country’s major retail chains to distribute affordable rice nationwide, emphasizing their crucial role in reaching many consumers. A statement on Thursday said...
Seoul, South Korea — South Korea’s economic growth slowed in the last quarter of 2024, data from the central bank showed Thursday, as the country struggled with the fallout from impeached President Yoon Suk Yeol’s brief...
MANILA, Philippines—The Sugar Regulatory Administration (SRA) may issue an order this month governing the second voluntary purchase of locally produced raw sugar in exchange for a guaranteed spot in the government’s importation programs....
Paris, France — Solar power overtook coal in European Union electricity production for the first time in 2024, with the share of renewables rising to almost half the bloc’s power sector, according to a report released Thursday. Gas...
Coca-Cola Beverages Philippines Inc. recently officially rebranded itself as Coca-Cola Europacific Aboitiz Philippines Inc. (CCEAP). According to CCEAP, the change was made to better reflect the Aboitiz Group’s strategic investment and...
Starbucks’ decision to restrict its restrooms to paying customers has flushed out a wider problem: a patchwork of restroom policies that has left Americans confused and divided over who gets to use the loo and when. Rules about restroom...
The Bangko Sentral ng Pilipinas (BSP) might have to extend its easing cycle up to 2026 to match the slower pace of rate cuts in the United States, Singapore-based DBS Bank said. In a commentary, DBS nevertheless said the BSP will likely...
Washington, United States — Tech titan Elon Musk cast doubt Wednesday on a $500 billion AI project announced by US President Donald Trump, saying the money promised for the investment actually wasn’t there. The comments marked a...
New York, United States — US and European stock markets mostly pushed higher Wednesday as investors tracked earnings and President Donald Trump’s policy plans as artificial intelligence shares rallied. However, Hong Kong and...
Procter & Gamble is seeing encouraging signs in China, but a full recovery is still a ways off, executives said Wednesday as the consumer products giant reported solid…
The country is at the forefront of a wider crunch spreading across Europe, and its prime minister has proposed a 100 percent tax aimed at foreign real estate investors.
As the N.B.A. confronts a fast-approaching time without LeBron James, Stephen Curry and Kevin Durant, the 21-year-old Spurs star has embraced the idea that he is the league’s future.
The president said he will impose tariffs Feb. 1 on products from Canada, Mexico and China, countries that together account for more than a third of U.S. trade.
The fires in Los Angeles are almost out. Residents are starting to trickle back into their burned-out neighborhoods. When they get to their houses, they face a series of almost impossible questions: Do we want to live here amongst all...
Greatland Gold has hailed the “Rolls Royce” Telfer project it acquired in December, after producing almost 30,000 ounces of gold from the project over its first 27 days of ownership.
The Department of Finance (DOF) will soon release privatization guidelines that will allow retail buyers like overseas Filipino workers (OFWs) to conveniently shop for idle government assets that are “too small.” Speaking to reporters,...
The Bangko Sentral ng Pilipinas (BSP) has issued new reporting standards that pawnshops must follow when submitting regulatory filings, providing such entities a “reasonable” framework while setting clearer guidelines on sanctions for...
SteelAsia Manufacturing Corp., one of the country’s largest producers of steel products, is investing P30 billion in a new manufacturing plant in Candelaria, Quezon, with the new facility aimed at producing heavy structural steel...
Another deputy governor is bound to leave the Bangko Sentral ng Pilipinas (BSP) soon. And the hunt for her successor has begun. We’re referring to Deputy Governor Chuchi Fonacier, who is set to retire soon after years of serving as head...
Rizal Commercial Banking Corp. (RCBC) has secured $350 million in fresh funds through a sustainability bond program which is part of its $4-billion medium-term note program. The green bonds, which will mature in five years or on Jan. 29,...
Jetti Petroleum Inc. is looking to invest at least P1.2 billion to put up 80 more gas stations nationwide, with almost half of it eyed for the Mindanao market. Leo Bellas, president of Jetti Petroleum, told reporters on Wednesday they...
Top Line Business Development Corp. has cut its initial public offering (IPO) size by 71 percent to P900 million from P3.12 billion, saying that the new pricing would get “strong momentum” in the market. The Cebu-based conglomerate said...
MPower, the retail electricity supply unit of Pangilinan-led Manila Electric Co. (Meralco), will provide clean energy to select facilities of the country’s biggest retailer SM. In a joint statement on Wednesday, MPower said it secured a...
DMCI Mining Corp. of the Consunji family is investing P400 million this year to expand its operations as it aims for a “historical” production target of 3 million wet metric tons (WMT). In a disclosure on Wednesday, DMCI Mining said this...
(First of two parts) Uber-entrepreneur Bernido “Bernie” Liu founded Golden ABC, the company behind fashion brands Penshoppe, Memo, Oxgn and other household names (see my columns on Jan. 9, Jan. 16 and Jan. 24, 2020). His spouse Alice Tio...
A cashed-up Regis Resources hopes to have a clearer picture of the future of its McPhillamys gold project by mid-year, as it explores options to add ounces to its production profile.
Trump's pick to lead Commerce set for confirmation hearing POLITICO Billionaire Howard Lutnick to divest corporate holdings to assume commerce secretary post, documents show CBS News From crypto bro to commerce...