REUTERSTHE PHILIPPINE BANKING industry’s revenue prospects are seen to further improve this year amid strong lending growth and an expected delay in policy easing, Fitch Ratings said. In a commentary, Fitch said that it revised its outlook on the Philippine banking sector to “improving” from

Vehicles are stuck in traffic along the northbound lane of EDSA Guadalupe. — PHILIPPINE STAR/WALTER BOLLOZOSBy Justine Irish D. Tabile, ReporterPHILIPPINE AUTOMOTIVE SALES rose by an annual 5.5% in May, amid “good consumer demand,” according to an industry group.A joint report by the Chamber of

THE Philippine Competition Commission (PCC) on Tuesday said it has started a “more in-depth assessment” of a proposed joint venture (JV)  between independent tower companies Phil-Tower Consortium, Inc. (PhilTower) and Miescor Infrastructure Development Corp. (MIDC).“On May 4, the Commission directed the PCC Mergers and Acquisitions Office to

REUTERSSAN MIGUEL Corp. (SMC) President and Chief Executive Officer Ramon S. Ang said the conglomerate is sticking to its double-digit growth target for the year despite economic uncertainties.“As you can see in the first quarter results of San Miguel Group, we are growing double-digit on

LISTED Empire East Land Holdings, Inc. said it is open to acquiring additional properties for development to bolster its already substantial 426 hectares of land holdings.“We possess 426 hectares of land and remain open to acquiring more properties for development, ensuring sufficient projects for the

By Sheldeen Joy Talavera, ReporterMETROPOLITAN Waterworks and Sewerage System (MWSS) and its concessionaires have finished a tunnel excavation as part of the Angat Water Transmission Improvement Project (AWTIP), paving the way for rehabilitating other tunnels, company officials said on Tuesday.The 6.40-kilometer-long raw water conveyance tunnel

PLDT Inc. is now proceeding with the sale of 49% of its data center business to a foreign company for more than $1 billion, the company’s chairman said.“We are talking to the final bidder at this stage; we have agreed the valuation with them,” PLDT

BW FILE PHOTOBUDGET CARRIER Cebu Pacific, operated by listed Cebu Air, Inc. (CEB), has received its turboprop aircraft, marking its sixth aircraft delivery for the year.“This aircraft delivery brings our turboprop fleet to 15, and we will be receiving our sixteenth ATR turboprop in October,”

ALICE REYES Dance Philippines’ corps de ballet dancing Carmina Burana.NATIONAL Artist for Dance Alice Reyes encourages the public to first listen to the music of Carl Orff’s Carmina Burana before they attend a performance ofAlice Reyes Dance Philippines’ (ARDP) latest staging of its dance interpretation

IN 1960, director Roger Corman fulfilled a dare to make a film in two days by coming up with the black-and-white horror comedy Little Shop of Horrors. That short span of time gave birth to an iconic quirky world where a Skid Row flower shop

THE Philippine Ports Authority (PPA) has awarded the P606.53-million Port of Tapal expansion project to BNR Construction and Development Corp.In a notice dated May 31, the PPA said that the project has been awarded to the Cebu-based construction company for submitting the lowest bid.The Port

FREEPIK(Part 2)The recent Palawan Mining Stakeholders Congress showed the very important influence of the Catholic Church and other religious organizations on public opinion about the desirability of large-scale mining investments in provinces of the Philippines that are rich in mineral ores, especially copper, nickel, and