BigPat on track to complete 2 projects in 2022

BIGPAT Development is looking to complete two mid-rise buildings offering budget rental accommodations near central business districts by the second half of 2022. The seven-storey Araro Building, located along Araro St. in Makati City, features 90 studio units. On the other hand, Honda Building will have 70 studio units across seven storeys. Groundbreaking is scheduled […]

Ayala sells stake in services firm HCX Technology Partners

AYALA Corp. said it inked a share purchase agreement with Asti Business Services, Inc. (ABSI) for the sale of the listed conglomerate’s 14.25 million shares or 100% of the outstanding capital stock of HCX Technology Partners, Inc. (HCX). “With its strong expertise in providing business process and shared service support, IT systems integration and consultancy […]

Hong Kong protest film wins at Chinese-language ‘Oscars’

TAIPEI — A documentary about pro-democracy protests in Hong Kong won a high-profile award at the Golden Horse Awards, the Chinese-speaking world’s version of the Oscars, in Taiwan on Saturday. Kiwi Chow’s Revolution of Our Times was named best documentary, prompting a long round of applause and shouts of support for Hong Kong from audience […]

Clark casino-resort slated to open in December

HANN Philippines, Inc. (HPI) is set to open its integrated casino and resort in Clark on Dec. 15. The company hopes to attract tourists and investors with the soft opening of the Hann Casino Resort, which is described as a “world-class luxury gaming space.” “Despite the disruption the pandemic caused, our vision of creating the […]

SEC approves UnionDigital’s incorporation

THE DIGITAL LENDER of UnionBank of the Philippines, Inc. has received regulatory approval for its incorporation, keeping it on track to meet is targeted 2022 launch. UnionBank has received the Securities and Exchange Commission’s (SEC) approval for the articles of incorporation and by-laws of UnionDigital Bank, Inc. on Nov. 25, it said in a filing […]

Vivant unit sells stake in Palawan power plant

VIVANT Corp. said on Monday that its energy unit had informed the listed company of the sale of its stake in a hybrid power generation plant in Puerto Princesa City for about P33.23 million. In a disclosure to the exchange on Monday, Vivant said its wholly owned subsidiary Vivant Energy Corp. and the latter’s unit […]

Updated Volkswagen T-Cross SE is home for the holidays

1 of 4 PHOTO FROM VOLKSWAGEN PHILIPPINES PHOTO FROM VOLKSWAGEN PHILIPPINES PHOTO FROM VOLKSWAGEN PHILIPPINES PHOTO FROM VOLKSWAGEN PHILIPPINES VOLKSWAGEN PHILIPPINES has announced the arrival of the updated SE variant of its T-Cross vehicle. Badged as a 2022 model, the T-Cross SE is said to offer “more features attuned to the evolving needs of multi-faceted, […]

Yields on gov’t debt drop on BTr’s borrowing plan

YIELDS on government securities mostly dropped last week due to the Treasury’s borrowing program for December, which showed it plans to raise less funds from the local market. Debt yields, which move opposite to prices, went down by an average of 4.3 basis points (bps) week on week, based on the PHP Bloomberg Valuation (BVAL) […]

Style (11/29/21)

1 of 10 G-DRAGON, Nike Kwondo1 G-DRAGON, Nike Kwondo1 UNIQLO SM City Grand Central Sweet Pea by Joyce Jamlang-Tiongson G-DRAGON’s new Nike Kwondo1 NIKE and South Korean designer G-DRAGON have launched the Nike Kwondo1, a second footwear collaboration and new silhouette. Leveraging a white canvas design, G-DRAGON, and his PEACEMINUSONE label, came up with the […]

Economic reopening, holiday spending boost SM Prime shares

By Keren Concepcion G. Valmonte, Reporter SM Prime Holdings, Inc. was one of the most actively traded stocks last week, as investor sentiment was boosted by the country’s gradual economic reopening amid the upcoming holiday season. Data from the Philippine Stock Exchange (PSE) showed a total of 51,411,300 SM Prime shares worth P1.68 billion were […]

Spot prices on WESM fall to P5.17 per kWh

THE average spot price of electricity on the wholesale electricity spot market (WESM) fell to P5.17 per kilowatt-hour (kWh) in November from  P6.75 a month earlier, as supply increased while demand was stable, the market operator said Friday. The Independent Electricity Market Operator of the Philippines (IEMOP) added in its second market report for the […]

Exporters expecting further growth as markets reopen, industry digitizes

EXPORTERS said they expect shipments to grow as markets reopen and industry members make progress on their digitalization efforts.   George T. Barcelon, Philippine Exporters Confederation, Inc. (Philexport) chairman, said the lowering of alert levels in the Philippines and progress on the vaccination program, are also vital to the economic recovery. The Philippine Statistics Authority […]

DENR coastal management program receives support from Germany

THE German government is supporting a Department of Environment and Natural Resources (DENR) program that will make coastal management more prominent in the development plans of local government units (LGUs), the DENR said. The DENR and the German government expect the focus on coastal management to better protect 70% of the population from storm surges, […]

Health dept. to determine alert level classifications in all areas

The Philippines’ coronavirus task force has tasked health authorities to determine the COVID-19 alert level classifications of all areas in the country, according to the presidential palace. The Department of Health (DoH) will coordinate with a group managing coronavirus data to determine the risk status of an area, Cabinet Secretary Karlo Alexei B. Nograles said […]