LOCAL FINANCIAL markets have seen “little impact” from the debt crisis involving China’s Evergrande Group, according to officials of Citi Philippines. “All I can say is that ever since Evergrande blew up, there has been very little impact if you take a look at how the currency is or even in the volatility is experienced […]
Tag: philippines
Chevrolet Tracker LT Redline Edition: The Bowtie’s back, alright
1 of 5 The Chevrolet Tracker combines versatile functionality, head-turning styling, intelligent connectivity, advanced turbocharged small-displacement engine technology, luxury car safety features, and smart cargo space. — PHOTO FROM MANNY DE LOS REYES AND CHEVROLET PHILIPPINES PHOTO FROM MANNY DE LOS REYES AND CHEVROLET PHILIPPINES PHOTO FROM MANNY DE LOS REYES AND CHEVROLET PHILIPPINES PHOTO […]
Porsche PHL now has the country’s first ultra-fast DC charger
PORSCHE PHILIPPINES now makes available a new high-powered direct current (DC) charger for its all-electric Taycan buyers. Designed to complement the owners’ own AC home charging system, the electric vehicle (EV) DC charger is located at Porsche Center Philippines in EDSA Greenhills. In a release, Porsche Philippines said the charger is the first of its […]
PHL to sign deal with Britain on nurse deployment
LABOR Secretary Silvestre H. Bello III said the Department of Labor and Employment (DoLE) will sign a memorandum of understanding with the United Kingdom on the welfare and deployment of more nurses to the UK. In an online briefing Wednesday, Mr. Bello said that the memorandum is a “labor affairs agreement” to deploy more Filipino […]
DoE clears Solar Philippines unit for green energy program
SOLAR Philippines Retail Electricity, Inc. is the newest participant in the government’s green energy option program (GEOP), bringing the number of eligible renewable energy (RE) suppliers to 14. In an announcement posted on its website this week, the Department of Energy (DoE) said the company joins power suppliers under First Gen Corp., AC Energy Corp. […]
Roque slams UP officials for opposing his ILC bid
PALACE SPOKESMAN Herminio “Harry” L. Roque, Jr. on Wednesday slammed officials of the country’s premier state-run university for opposing his nomination to a United Nations body responsible for codifying international laws. In a statement, Mr. Roque criticized the assessment of the University of the Philippines Diliman Executive Committee that he is unfit to have a seat in the […]
Philippines’ richest 2021
THE 50 RICHEST families and individuals in the Philippines saw a “robust recovery” as their collective wealth surged by 30% to $79 billion (P3.94 trillion) this year even as the pandemic continued, according to Forbes. Read the full story.
Hitachi Elevator Philippines Receives 67 Elevators and Escalators Order for Its First Railway System Project
MANILA, Sep 9, 2021 – (JCN Newswire via SEAPRWire.com) – Hitachi, Ltd. (TSE: 6501 / “Hitachi”) today announced that Hitachi Elevator Philippines Corporation (Hitachi Elevator Philippines), a subsidiary of Hitachi, Ltd., operates in the installation, and maintenance of elevators and escalators in the Philippines has received an order for 67 units of elevators and escalators […]
Philippines continues to be top destination for remittances in 2020
Leading cloud companies could invest in PHL this year
TWO MAJOR cloud-computing investors could enter the Philippines by the end of 2021, the Board of Investments (BoI) said. BoI Managing Head Ceferino S. Rodolfo said investors from China and the United States have expressed interest in the Philippines. The potential investors are from the so-called hyperscaler segment of the industry — large global companies […]
PHL to accept Afghan refugees only under government-to-government arrangement
THE PHILIPPINES will be accepting Afghan refugees only under government-to-government agreements, Foreign Affairs Secretary Teodoro L. Locsin Jr. said on Monday. “The Philippines will not accept nor listen to any proposition to accept any refugees unless it is government to government and only by their respective Foreign and Justice ministers; especially of the UK, the US, and […]
Maz-ja!
1 of 2 Mazda’s CX family — PHOTO FROM MAZDA PHILIPPINES Mazda in Dresden — PHOTO BY ANGEL RIVERO Mazda vehicles seem to be winning even the Germans over BERLIN, GERMANY — As I currently write this story while I am in Germany, I am positively surprised to find out that one of Mazda’s three […]
Philippine credit downgrade imminent — ING
The Philippines should brace for a credit rating downgrade next year after Fitch Ratings adjusted its outlook to negative from stable on dimming growth prospects, an economist from ING Bank N.V. Manila said. “Should growth momentum stall and fiscal and external metrics deteriorate further over the coming months, the Philippines may be in line for a foreign currency credit […]
Philippines the 10th largest provider of ‘Online Labor’
European SMEs could drive Philippine FDI growth — ECCP
THE EUROPEAN business chamber in the Philippines said it is receiving expressions of interest from European small- and medium-sized enterprises (SMEs) considering investing in the country amid a broad rethink of their operations after the pandemic forced many such firms to close shop. “What we are targeting and where we are also getting inquiries on […]
Young, underbanked consumers seen as fintech’s main chance
THE FINTECH industry has room to grow in Southeast Asia, which is underbanked and has a large population of young people, Fitch Ratings said. In a note Tuesday, the ratings agency said over half of the 580 million combined population of the Philippines, Singapore, Indonesia, Malaysia, Thailand and Vietnam are under 35 years of age. […]
Gov’t exploring expansion of agri trade with Brazil
THE DEPARTMENT of Agriculture (DA) said it is seeking to expand the Philippines’ engagement with Brazil in agricultural commodities and technical cooperation. Agriculture Secretary William D. Dar met with Brazilian Ambassador to the Philippines José Maria De Souza e Silva on Aug. 23 to urge Brazilian companies to purchase more desiccated coconut, coconut oil, palm […]
PHL Expo pavilion seen completed soon
THE PHILIPPINE pavilion for the rescheduled World Expo in Dubai will be declared officially complete at the end of the month, the Department of Trade and Industry (DTI) said. “After more than a year of remotely managing design, construction and implementing control measures that will ensure project efficiency, minimize the spread of the COVID-19 in the […]
Philippine property developers commit to build 1M square meters worth of resilient structures
PROPERTY DEVELOPERS in the Philippines have pledged to construct 1 million square meters of hazard-resilient structures, either through retrofitting or new builds, the International Finance Corp. (IFC) said. In a statement Tuesday, the IFC said the developers have joined its “Building Resilience Commitment campaign.” “Commitments from Imperial Homes Corp., NEO, and SM Group have already […]
Imported liquor market forecast at P50 billion
THE MARKET for imported spirits in the Philippines has been estimated at up to P50 billion at retail prices by 2025, The Keepers Holdings, Inc. (KEEPRS) said, citing a global report. The trend would imply a market share for imported spirits segment of about 35%, and a 14.9% compound annual growth rate (CAGR) between 2021 […]