U-23 Azkals face Myanmar with hopes of topping group intact

THE Philippine Under-23 (U-23) Azkals remain on track to top Group A at the 31st Southeast Asian Games with a win against Myanmar on Tuesday, after pulling off a stunning scoreless draw against defending champion and host Vietnam on Sunday night. Goalkeeper Quincy Kammeraad led a resolute defensive effort as the underdog Filipinos forced the favored […]

World champion Yulo banners next wave of SEA Games entrants

A SLEW of world-class Filipino athletes led by gymnast Carlos “Caloy” Yulo joins the Philippine team flying to Hanoi for the Southeast Asian (SEA) Games, with the delegation hoping to conduct a successful overall title defense after topping the medal haul in the 2019 edition. Headlining the team being deployed to the 31st Southeast Asian Games […]

RLC unit expands Cebu property

MACTAN, CEBU — The residential division of Robinsons Land Corp. (RLC) is expanding its resort-inspired residential project in Mactan, Cebu. RLC Residences on Saturday launched the fourth tower of the AmiSa Private Residences, located along Punta Engaño Road, Lapu-Lapu City. AmiSa Tower D is ideal for buyers who want a luxurious vacation home, with unobstructed […]

In Spanish debut, Brian May sings about ‘Another World’

LONDON —  Decades after studying the skies above the Canary Islands for his PhD in astrophysics, Queen guitarist Brian May has returned to film his Spanish singing debut “Otro Lugar,” a translated version of his old song “Another World.” The 74-year-old music star traveled to Tenerife, La Palma and El Hierro to record his new […]

Demand for office space outside NCR seen to step up

COMPANIES, especially call centers, are looking outside the National Capital Region to set up their offices, property consultants said, as they see a trend for the market to expand to other major cities. “There are several reasons why call centers would want to lease outside of Metro Manila. It makes sense to look at new […]

Unbeaten early leaders clash in UAAP women’s volleyball

WITH reigning champion Ateneo in a 0-2 hole, four unbeaten squads collide in a pair of crucial outings, with the winners poised to earn a major advantage in the University Athletic Association of the Philippines (UAAP) Season 84 women’s volleyball tournament at the Mall of Asia Arena in Pasay City. The University of Santo Tomas […]

Johndorf Tower to be completed in 2023

JOHNDORF Ventures Corp., a leading developer in the Visayas-Mindanao region, is on track to complete its LEED-certified building in Cebu City in 2023. The company’s Johndorf Tower, located within the Cebu Business Park, is expected to be a preferred destination for both IT-BPM, multinational and local firms that are planning to expand. Johndorf Tower will […]

Sex Education actor Ncuti Gatwa to be new Doctor Who

LONDON — Ncuti Gatwa will be the first Black actor to play the lead role in British sci-fi series Doctor Who, taking over from Jodie Whittaker as the 14th incarnation of the Time Lord next year, the BBC said on Sunday. The 29-year-old Scot, a star of Netflix hit Sex Education, posted two hearts plus […]

Geograce Resources trims net loss to P1.3 million

GEOGRACE Resources Philippines, Inc. reported that it trimmed its net loss to P1.31 million in 2021 from its P2.23-million loss in 2020. For 2022 and beyond, the company said it is seeking to acquire mining claims or tenements from third parties in various locations. The planned acquisitions are intended to enable the group to obtain […]

Stronger peso seen as market expects Q1 economic growth

THE peso may strengthen versus the greenback this week as analysts await the release of first-quarter economic growth data, although this could be offset by risk-off sentiment ahead of official election results. The local unit closed at P52.50 per dollar on Friday, weaker by 11.5 centavos from its P52.385 finish on Thursday, based on Bankers […]

Gucci jumps on the crypto bandwagon with US project

GUCCI’s high-end handbags and other luxury products can now be bought using cryptocurrencies, including bitcoin, in some US stores, the Italian company said, as digital currencies move to broader acceptance. Starting later this month, customers can pay with crypto at some of Gucci’s flagship stores, including Rodeo Drive in Los Angeles and Wooster Street in […]

SEC warns anew about Leefire, now named Sengre

THE Securities and Exchange Commission (SEC) warned the public against the illegal investment solicitation activities of Leefire Philippines, which has been continuing operations under another name, Sengre. “The records of the commission show that Sengre is not registered with the commission either as a corporation or as a partnership. Further, it is not authorized to […]

Faster inflation expected to lift gov’t debt rates

RATES of government securities are expected to rise this week amid the higher-than-expected inflation data in April. The Bureau of the Treasury (BTr) will auction off P15 billion in Treasury bills (T-bills) on Tuesday or P5 billion each in 91-, 182- and 364-day securities. On Wednesday, the BTr will auction off P35 billion in reissued […]

Beyond the buzzword

Kiehls’ takes sustainability seriously DUE to the worldwide problem of pollution and climate change, sustainability is currently one of the most popular buzzwords that companies like to throw about. It’s a different story for Kiehl’s, which takes its commitments quite seriously. During an event on May 4, Kiehl’s laid bare its sustainability commitments and the […]

Election campaign period boosts consumer confidence, store sales 

THE campaign period for the May 9 local and national elections has helped to improve consumer confidence and sales of supermarkets nationwide, according to the Philippine Amalgamated Supermarkets Association, or Pagasa. Pagasa President Steven T. Cua said in a mobile phone interview with BusinessWorld that poll campaigns had helped increase confidence among consumers. The campaign […]

Yields rise on Fed moves, April inflation data

By Lourdes O. Pilar, Researcher YIELDS on government securities (GS) climbed across the board last week as investors turned cautious following the US Federal Reserve’s latest rate hike and after local April inflation print went above market expectations. GS bond prices dropped as yields rose by a week-on-week average of 15.92 basis points (bps), based […]

Agriculture output in Q1 seen flat following typhoon damage, ASF

AGRICULTURAL PRODUCTION in the first quarter of the year is estimated to have been little changed due to typhoon damage and the continuing impact of the African Swine Fever (ASF) outbreak, analysts said. Pampanga State Agricultural University professor Roy S. Kempis said “not much” is expected from the agriculture industry in the first quarter. “Flat […]