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 […]
Category: Hot News
How PSEi member stocks performed — November 8, 2022
Here’s a quick glance at how PSEi stocks fared on Tuesday, November 8, 2022.
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 […]
Typhoon Yolanda lesson: Community empowerment, not new laws, needed in disaster management
ONE of the biggest lessons from Typhoon Haiyan, which struck central Philippines on Nov. 8, 2013, is that disaster management must involve communities from planning to rehabilitation, said a professor who has done studies on what is locally known as Super Typhoon Yolanda. Maria Ela L. Atienza, a political science professor at the University of […]
Marcos says PHL needs to boost defense capability amid geopolitical tensions
SCREENGRAB FROM PAF AVP PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday said the government will continue to boost its defense capability against a backdrop of geopolitical tensions in the Asia Pacific region. “With terrorism and external security threats brought by geopolitical tensions looming around us, around the Asia Pacific region, and around the world, it […]
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 […]
4 Megaworld office buildings receive gold, silver LEED certifications
MEGAWORLD Corp. said four of its office buildings recently received gold and silver Leadership in Energy and Environment Design (LEED) certifications. In a statement, the real estate developer said its 17-storey One Paseo in Arcovia City, Pasig City and the 25-storey Worldwide Plaza in Uptown Bonifacio, Taguig City earned Gold LEED certifications. One Paseo is […]
Black Panther stars say film changed perceptions of Africa
LONDON — Cameras flashed as stars of the highly anticipated sequel to Marvel’s Black Panther walked the red carpet at the Wakanda Forever premiere in London. Set in the fictional African land of Wakanda, Black Panther became a global hit and was hailed as a milestone for racial diversity in Hollywood when it came out […]
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 […]
San Miguel unit starts tender offer for minority shares in Eagle Cement
A UNIT of San Miguel Corp. (SMC) started on Monday the mandatory tender offer to the minority shareholders of Eagle Cement Corp. after it agreed to acquire the stake held by the latter’s main owners. In a disclosure to the Philippine Stock Exchange (PSE), SMC said that San Miguel Equity Investments, Inc. (SMEII) filed with […]
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 […]