A test tube labeled with the coronavirus is seen in front of US dollar, yuan and pound banknotes, in this illustration taken on March 1, 2020. — REUTERS/DADO RUVIC By Luz Wendy T. Noble, Reporter THE DECLINE in foreign direct investments (FDI) may have already bottomed out in 2020, but the Philippines’ ability to attract […]
By Jenina P. Ibañez, Reporter A CAR industry group is urging the government to support local assembly after another manufacturer stopped its Philippine production. Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) President Rommel R. Gutierrez said that Nissan Philippines, Inc.’s recent announcement to end car assembly in the country highlights the importance of […]
1 of 5 DIOR — PHOTO FROM DIOR.COM DIOR — PHOTO FROM DIOR.COM HERMÈS — PHOTO FROM HERMES.COM LOUIS VUITTON — YOUTUBE/LOUISVUITTON LOUIS VUITTON — YOUTUBE/LOUISVUITTON PARIS Men’s Fashion Week has just ended, and Paris Couture Week is about to start. In a changed and changing world, the world’s fashion capitals have had to adjust […]
By Arjay L. Balinbin, Senior Reporter LISTED fiber internet provider Converge ICT Solutions, Inc. is aiming to cover more than half of the country’s households by 2025, its top official said. “We are hopeful that we can contribute to economic recovery as we reach our objective of 55% household coverage by 2025 with our fiber […]
NATIONAL Basketball Association (NBA) licensed merchandise will soon be available in Decathlon stores in the country after the French sporting goods retailer was recently named an official licensee of the United States-based basketball league. In an announcement officially made on Friday, the NBA said it signed a multiyear merchandising partnership with Decathlon, making the latter […]
By Angelica Y. Yang ALCANTARA-LED Alsons Consolidated Resources, Inc. (ACR) has earmarked around P6.54 billion as capital expenditures (capex) for four projects under development, including three hydro plants, the listed firm said over the weekend. ACR, which claims to be the first private sector power generator in Mindanao, has an aggregate installed capacity of 468 […]
THE LATEST version of the adidas Ultraboost shoe line will be available in the country beginning next month. Designed and developed with input from runners and testers, the Ultraboost 21 features a bold new design combined with the latest in performance technology. At the center of the development of the Ultraboost 21 is the redesign […]
The Philippine central bank would probably pause monetary easing this year until previous rate cuts lead to substantial credit growth, according to Standard Chartered Bank. The Bangko Sentral ng Pilipinas is likely to bring down banks’ reserve requirements further instead to boost liquidity, Chidu Narayanan, an economist at the foreign bank, told an online news […]
The Philippine Economic Zone Authority (PEZA) seeks to get more than P100 billion in investment pledges this year, slightly higher than last year. “We don’t want to be promising high figures,” PEZA Director-General Charito B. Plaza said in an e-mailed statement on Friday. “Instead, we must work hard and build support and partnerships from public […]
The Philippines and Indonesia have pledged to deepen ties to boost their copper industries, according to the Trade department. Officials from both countries met virtually on Jan. 14 to exchange information, share good practices, and present investment opportunities and areas for collaboration in the sector, the Philippine Trade department said in a statement on Friday. […]
The Philippines on Friday tightened testing protocols for foreign travelers to ensure the detection of new coronavirus strains. Passengers from countries where new COVID-19 variants have been detected must undergo a second coronavirus swab test on their fifth day of quarantine, according to an order issued by an inter-agency task force. Co-passengers and the partner […]
Minors as young as 10 years may go out to visit malls in areas under a general lockdown starting Feb. 1 to boost consumer spending, according to the government’s task force against the coronavirus. “Any person below 10 years old, those who are over 65 years of age, those with immunodeficiency, comorbidity, or other health […]
The Commission on Higher Education (CHEd) will convene a panel to discuss academic freedom and how law enforcers can protect it, according to the agency. This was after the Philippine military unilaterally ended a deal with the University of the Philippines (UP) banning soldiers inside the state institution. “The implementation of the Department of National […]
The consortium of listed builder Megawide Construction Corp. and Bangalore- based airport operator GMR Infrastructure Ltd. officially handed over to the government on Friday the new passenger terminal building of the Clark International Airport. “This handover comes at exactly the right time when our country needs infrastructure projects to help restart our economy in light […]
Listed holding firm Premiere Horizon Alliance Corp. has ventured into agriculture technology (agritech) sector via its subsidiary, PH Agriforest Inc. In a regulatory filing on Friday, Premiere Horizon said that through PH Agriforest, it plans to leverage on the financial technology (fintech) expertise of its parnter SquidPay Technology, Inc. by using technology to increase yield […]
A subsidiary of Aboitiz Power Corp. has renewed its power supply agreement with a Nueva Ecija-based electric cooperative for 41 megawatts (MW) of clean energy to 10 municipalities in the area for another five years, the firm said on Friday. In a press release, AboitizPower said that its unit AP Renewables, Inc. closed its partnership […]
Nissan Philippines, Inc. sold 21,751 units in 2020, which represented a 9.72% share of the local market. The company’s logo is seen at Nissan Motor’s global headquarters building in Yokohama, Japan, Dec. 17, 2018. — REUTERS/KIM KYUNG-HOON/FILE PHOTO By Jenina P. Ibañez, Reporter NISSAN Philippines, Inc. (NPI) will halt its assembly operations in the Philippines […]
Officials have recognized the African Swine Fever continues to push pork prices higher this month. — PHILIPPINE STAR/MICHAEL VARCAS INFLATION is expected to stay within the target range over the next two years, despite a recent uptick in global oil prices as well as food prices due to supply disruptions caused by typhoons, the central […]
THE PHILIPPINES is likely to benefit from a more stable world economy and subdued geopolitical tensions after United States President Joseph R. Biden, Jr. took office on Wednesday. In his inauguration speech, Mr. Biden offered a message of reconciliation, as the United States looks to restore alliances around the world (Related story on S2/8 ). […]
THE MSCI Emerging Markets Index has now gained more than 9% this year — REUTERS EMERGING-MARKET STOCKS have set a new swath of record highs this week, driven by optimism over additional US stimulus and a dovish Federal Reserve. The rally’s gaining momentum even as some technical indicators are showing a pullback is overdue. The […]