PRECONDO-UNSPLASH“Russians lined up to purchase US dollars after the Moscow Exchange enforced an immediate suspension of trading in dollars and euros in response to fresh US sanctions,” Newsweek reported. Russia’s central bank announced on June 12 that exchange trading and settlements of deliverable instruments in
AYALA Land Premier, Inc. said it has broken ground for its 51-storey exclusive residential project Park Villas in Makati City.In a statement on June 21, the property developer said Park Villas would feature 45 villas, with each villa occupying the entire floor and located inside
1 of 8IC STAR AUTOMOTIVE, INC., official distributor of Mercedes-Benz vehicles in the Philippines, recently debuted the Mercedes-Benz EQE SUV at its dealership in Bonifacio Global City, Taguig.Aside from “further solidifying (the) Mercedes-Benz commitment to electrification, innovation and sustainability,” the release of the EQE SUV
ALFRED KENNEALLY-UNSPLASHPHILIPPINE coffee imports are expected to fall 3.7% this year, according to the US Department of Agriculture (USDA).In a report, the USDA estimates that imports of soluble coffee to the Philippines would amount to 6.3 million 60-kilogram bags, against 6.5 million bags in 2023.The
TUI Cruises celebrated the christening of their newest fleet member, Mein Schiff 7, on Sunday 23 June, 2024 in the Kiel Fjord. The event was a highly anticipated affair, culminating in a spectacular drone show and fireworks against the backdrop of Kiel.The christening ceremony was
Tinrocket, a software company based in Brooklyn, New York, has recently announced the release of their latest app, Photo Tape, on Sunday 23 June, 2024. This innovative photo app, available exclusively for iOS users, offers a fresh take on photo collaging with its minimalistic design
BW FILE PHOTOBARGAIN HUNTING may prop up Philippine shares this week after the index ended at a seven-month low on Friday, and as the market awaits the Bangko Sentral ng Pilipinas’ (BSP) policy meeting.On Friday, the bellwether Philippine Stock Exchange index (PSEi) closed lower for
PHILIPPINE STAR/ MIGUEL DE GUZMANTHE PESO is likely to stay at the P58 level this week as the dollar will continue to be supported by the US Federal Reserve’s “higher for longer” policy stance, analysts said.The local unit weakened to a near 20-month low on
Uber, the ride-hailing and food-delivery giant, is gearing up for a significant tax dispute with HM Revenue & Customs (HMRC) over £1 billion in VAT payments. Since March 2022, Uber has been required to pay 20 per cent VAT on its fares and delivery sales, resulting
REUTERSTHE Board of Investments (BoI) said it is seeing increased investor interest in agriculture, after investment promotion agencies (IPAs) were empowered to approve projects with higher investment thresholds.In a statement over the weekend, the BoI said the higher thresholds at IPA level approved by the
PHILIPPINE STAR/BOY SANTOSA WAGE hike is not expected to reduce the appeal of the Philippines to foreign investors, the British Chamber of Commerce of the Philippines (BCCP) said.BCCP Executive Director and Trustee Christopher James Nelson said by phone that wage hikes will not necessarily mean
PHILSTAR FILE PHOTOTHE TOURISM INDUSTRY is expected to attract increased investments once the amendments to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act are passed, an industry regulator said.On the sidelines of the Philippine Tourism and Hotel Investment Summit on Friday, Tourism Infrastructure