Megaworld to build P3.2-B residential tower

PROPERTY developer Megaworld Corp. is set to build the second tower of its residential development in Makati City, from which it expects around P3.2 billion in sales. “Being located in such a premier address, there has been tremendous excitement for living spaces in this portion of Makati City,” Megaworld’s First Vice-President for Sales and Marketing […]

Marcos considers taking helm of disaster response

PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday said he would put the local disaster agency under his office to streamline the government’s calamity response. “There has been a suggestion that has been going around for many years now that we will put the disaster response team, the national response team under the Office of the […]

Senator eyes probe of seaman training amid risk of EU ban

A SENATOR on Tuesday filed a resolution seeking to investigate how the government could improve maritime training and education after 50,000 Filipino seafarers in European Union (EU)-flagged vessels almost lost their jobs. “Reputation, jobs and the welfare of the families of 400,000 Filipino seafarers around the world are at stake in this issue,” Senator Ana […]

Court sides with senator on forgery in pork barrel case

THE PHILIPPINES’ anti-graft court has affirmed its Aug. 30 order acknowledging the forgery of a senator’s signatures in a corruption case that accused him of pocketing P183.3 million in so-called pork barrel funds. In a four-page resolution dated Oct. 26, the Sandiganbayan Fifth Division dismissed a government motion seeking to block Senator Jose “Jinggoy” E. […]

Peso rises vs dollar on strong data

THE PESO strengthened on Tuesday as the country’s dollar reserves rose as of October and as the unemployment rate dropped to its lowest level since the coronavirus pandemic. The local unit ended trading at P58.275 per dollar on Tuesday, appreciating by 30.5 centavos from its P58.58 close on Monday, based on data from the Bankers […]

Stocks inch lower ahead of key economic data

PHILIPPINE SHARES inched lower on Tuesday as investors await the results of the US midterm elections and the release of key local and foreign economic data this week. The benchmark Philippine Stock Exchange index (PSEi) declined by 6.48 points or 0.1% to finish at 6,289.10 on Tuesday, while the broader all shares index went down […]

Card industry poised for growth

THE CREDIT CARD industry is expected to continue growing this year and next amid rising interest rates, an official from Asia United Bank Corp. (AUB) said on Monday. “I think the credit card industry is on the right track for growth this year and next year,” AUB Senior Vice President and Cards and Acquiring Business […]

Megawide board OK’s capital hike to P5.12 billion

MEGAWIDE Construction Corp. announced on Monday that its board of directors recently approved an increase in the company’s authorized capital stock to P5.12 billion from P5.08 billion currently. The authorized capital stock of preferred shares will increase to 186 million from 150 million, the company told the stock exchange. “The increase in authorized capital stock […]

Ji Chang-wook meets his fans in Manila

FANS of Korean actor Ji Chang-wook did not wait for his official fans meet, greeting him upon on his arrival at the airport in Manila on Nov. 4. Bench Lifestyle brought the actor, who is one of its endorsers, to Manila for his “Reach You” fans meet on Nov. 6 at the SM Mall of […]

ALI’s tallest building

AYALA LAND, Inc. (ALI) has completed the South Tower of Park Central Towers in Makati City. At 248 meters, the South Tower is the tallest building in ALI’s portfolio to date. South Tower is developed under the Ayala Land Premier, Inc. (ALP) brand. Attending the topping off ceremony were (from left) Edwin Magsalansan, director and […]

Rediscount loans reach P15.3B at end-October

LENDERS tapped the central bank’s rediscount window in October for liquidity amid increased loan demand and higher interest rates. Peso rediscount loans stood at P3.7 billion in October, data released by the Bangko Sentral ng Pilipinas (BSP) on Monday showed. This followed availments worth P7.52 billion in June and P4.08 billion in April. For the […]

PSBank posts higher net income in first 9 months

PHILIPPINE Savings Bank (PSBank) saw its net profit climb by 126% in the first nine months of the year, driven by improved loan quality and higher revenues.  The thrift banking arm of the Metrobank Group booked a net profit of P2.85 billion in the nine months ended September, surging from the P1.26 billion posted in […]

Entertainment News (11/08/22)

1 of 8 IVAN the Selfie Magician Sarah Brightman Ysa Yanez The Mellow Dees GRACENOTE’S latest single, ‘Kalituhan’ inspires us to love. Leonor Will Never Die screenings in Trinoma MARTIKA Escobar’s film Leonor Will Never Die will screen on Sundays of November at Trinoma Cinema 5 in Quezon City. The movie won the Sundance Film […]

HK home prices plunge most since 2016 on higher rates

THE slump in Hong Kong’s (HK) property market is accelerating as borrowing costs rise. The Centaline gauge of secondary home prices fell 2% in the week ending Oct. 30 from the previous week, the most since March 2016, according to data released on Friday. The drop took the index to its lowest level since December […]