1 of 3 Levi’s opens biggest store in the Philippines LEVI’S opened its biggest store in the Philippines (in terms of sales floor area) with a new 217 square meter-space in SM North EDSA on July 20. The store houses one of the few Levi’s Tailor Shops in the country, offering patching, alterations, and customization […]
Since 1976, or for 47 years, the Philippines has languished in the category of a lower middle-income country. But a breakthrough is possible next year. The country has never been closer to attaining upper middle-income country status. Its income growth, fertility decline and lower population growth in the last half-decade can bring about the status […]
DBDOYC, Inc., the company behind the motorcycle ride-hailing application Angkas, is betting on good progress in the second semester amid seasonal demand towards the end of the year. George Royeca, chief executive officer and co-founder of Angkas, described the “Ber” months as good for retail businesses “as a lot of people are out.” “Our [demand] […]
YIELDS on government securities (GS) mostly fell last week amid a lack of catalysts, with the result of a bond auction affecting rate movements, analysts said. Bond yields, which move opposite to prices, declined by an average of 5.54 basis points (bps) week on week, based on PHP Bloomberg Valuation Service Reference Rates as of […]
By Sheldeen Joy Talavera, Reporter RICE EXPORT curbs imposed by India and Vietnam will likely increase rice prices overall, with the higher cost of imports providing cover for sellers to charge more for domestically-grown rice, industry officials said. “What happens within our market is (when the price of) imported rice goes up, domestic prices go […]
1 of 3 MG ZS EV — PHOTO FROM SAIC MOTOR PHILIPPINES MG 4 — PHOTO FROM SAIC MOTOR PHILIPPINES MG Marvel R — PHOTO FROM SAIC MOTOR PHILIPPINES SAIC MOTOR PHILIPPINES, Inc. (SMP) is now the importer and distributor of Morris Garages (MG) products and services in the Philippines, and takes over after-sales operations […]
TONY Bennett, the smooth American singer who had an enduring hit with “I Left My Heart in San Francisco” and remained perpetually cool enough to win over younger generations of fans well into the 21st century, died on Friday, his publicist said. Mr. Bennett was 96. He died at his home in New York City […]
The biopharmaceutical industry has developed vaccines to protect against more than 30 diseases, including the ones to help prevent COVID-19, meningococcal diseases, Ebola, malaria, and human papillomavirus (HPV). Research-based companies have also developed more than 470 medicines for cancer, cardiovascular diseases, and diabetes in the last 10 years, the International Federation of Pharmaceutical Manufacturers and […]
BANK OF THE PHILIPPINE ISLANDS (BPI) saw short-term profit-taking last week with the release of its second-quarter earnings, analysts said, but closed at the same price. Data from the Philippine Stock Exchange (PSE) showed a total of P997.20 million worth of 8.65 million shares were traded from July 17 to 21, making it the fourth […]
THE Bureau of Animal Industry (BAI) said four foreign vaccine suppliers have made presentations to a BAI veterinary panel ahead of field trials to test their products’ effectiveness against highly pathogenic avian influenza (HPAI). “We are currently working on the guidelines for AI vaccination. Of course, there will be another round. The guidelines will subject […]
Hyundai has unveiled its first electrified offering under its high-performance N brand. The Ioniq 5 N was presented at the Goodwood Festival Speed in West Sussex, England — highlighting “the brand’s electrification future and a new way for high-performance enthusiasts to electrify their passion for driving on road and track.” Said Hyundai Motor Company President […]
SHOPPERS are snapping up Barbie hoop earrings, perfume, jumpsuits, and dresses as retailers seek to cash in on Friday’s Barbie film release, reigniting the craze for the plastic doll and her hot pink, sequin-adorned universe. With many consumers spending less amid a cost of living squeeze, retailers are jumping at the opportunity to persuade shoppers […]
Leading integrated telco network PLDT Inc. (PLDT) and its wireless subsidiary Smart Communications, Inc. (Smart) join calls for the creation of a Connectivity Index Rating to elevate internet quality in the country. A Memorandum of Understanding (MoU) encouraging collaboration between private and public sectors to establish the Connectivity Index Rating was recently signed between the […]
THE PHILIPPINES’ balance of payments (BoP) position remained in a deficit in June, as the National Government (NG) settled foreign currency debt obligations. Data from the Bangko Sentral ng Pilipinas (BSP) showed the BoP deficit narrowed to $606 million in June from the $1.6-billion gap in the same month last year. Month on month, the […]
By Luisa Maria Jacinta C. Jocson, Reporter STRONG domestic demand and easing inflation will support the continued growth of the Philippine economy, but faces risks from the El Niño weather phenomenon, the Asian Development Bank (ADB) said. “Current trends align with our forecasts of continued strength in domestic demand countering the weakness in external demand,” […]
THE DEPARTMENT of Transportation (DoTr) expects the winning bidder for the P170.6-billion Ninoy Aquino International Airport (NAIA) rehabilitation project to take over by mid-2024. Transportation Secretary Jaime J. Bautista on Wednesday said the government will conduct the solicited bidding for the NAIA public-private partnership (PPP) project as soon as the terms are published. He told […]
By Sheldeen Joy Talavera, Reporter THE UNITED STATES retained the Philippines’ export quota for raw cane sugar for the coming crop year, the Office of the US Trade Representative (USTR) said. On its website, the USTR said that the Foreign Agricultural Service of the US Department of Agriculture kept the Philippines’ export quota of 145,235 […]
SINGAPORE — Asian millers, which have bought more than one million metric tons of Black Sea wheat for shipment in the coming months, will seek alternatives as attacks on Ukrainian ports after the collapse of a safe passage deal spark longer-term supply risks, traders and analysts said. Supply constraints from the key Black Sea region […]
LOS ANGELES — Director, writer and actor Greta Gerwig has plunged into the world of the iconic Barbie doll to make a movie that promises to be one of the cinematic hits of the summer. Making Barbie was no easy task, and when Ms. Gerwig wrote the script with her partner, Noah Baumbach, she didn’t […]
7-ELEVEN operator Philippine Seven Corp. has allotted P3.5 billion to P4 billion for this year’s capital spending budget to support its store expansion. “We opened about 150 stores so far this year out of [the] 400 new stores target,” Philippine Seven Head of Finance and Investor Relations Lawrence M. De Leon said during the company’s […]