Dozens of Ted Baker stores are set to close their doors for the final time this week as doubts grow over a potential licensing partnership with retail tycoon Mike Ashley. Negotiations between Ashley’s Frasers Group and Authentic, the owner of Ted Baker, have reportedly hit
Stephen Beynon, the British CEO of satellite internet provider OneWeb, is set to resign just under a year after the company merged with France’s Eutelsat. His departure comes amid reports of increasing French dominance within the newly combined group, with key decisions shifting away from the
Revolut employees are poised to share in a £390 million windfall as the financial technology company conducts a share sale that values the business at £35 billion. This significant transaction underscores Revolut’s status as a leading player in the UK’s fintech sector, increasing its valuation from
The skyline of Metro Manila. — PHILIPPINE STAR/MIGUEL DE GUZMANBy Luisa Maria Jacinta C. Jocson, Reporter THE BANGKO SENTRAL ng Pilipinas’ (BSP) rate-cutting cycle is expected to continue into early 2025, with the terminal rate seen as low as 4.5-5%, analysts said. “This is not
A JEEPNEY waits for passengers along Agoncillo Street in Manila, July 16, 2024. — PHILIPPINE STAR/RYAN BALDEMORBy Chloe Mari A. Hufana, ReporterLACSON ANTHONY J. VIDUYA, 70, managed to send his six children to college using income from driving a rickety passenger jeepney in the Philippine
THE BUREAU of Internal Revenue (BIR) fell short of its end-July collection target by 8.2%, data from the Department of Finance (DoF) showed. Preliminary data posted on the DoF’s Facebook page showed that BIR collections as of end-July stood at P1.68 trillion, falling short of its
1 of 6By Dylan AfuangIN ITS MORE recent forms, Honda’s subcompact has captured some of the substantial feel and performance of its larger cars. Today, it now even boasts the Honda Sensing safety features first seen in the car maker’s luxury models. And once standard
BW FILE PHOTOCEBU-BASED fuel retailer Top Line Business Development Corp. (Topline) has set a target date of Nov. 15 for its initial public offering (IPO), with plans to raise up to P3.16 billion.Topline intends to offer up to 3.68 billion primary common shares, with an
BW FILE PHOTORATES of Treasury bills (T-bills) and Treasury bonds (T-bonds) to be auctioned off this week may end mixed after the Bangko Sentral ng Pilipinas’ (BSP) decision to cut borrowing costs for the first time in almost four years.The Bureau of the Treasury (BTr)
For a majority of car buyers, hybrids, like this Toyota Corolla Cross, are proving to be the quickest way to go electric. — PHOTO BY KAP MACEDA AGUILATHE PHILIPPINE automotive market seems to be defying gravity. Overall, the ASEAN market is estimated to have declined
MERALCO.COM.PHMANILA Electric Co. (Meralco), through its unit MGen Renewable Energy, Inc. (MGreen), is open to acquiring a larger stake in integrated solar developer SP New Energy Corp. (SPNEC), the company’s chairman said.“If it’s open, why not? It’s a good project. It owns 100% of Terra
1 of 4THE ANNUAL MaArte At The Pen is about to get bigger and longer: the bazaar would usually be three days of shopping with goods spread out over three floors of the hotel, but this year, they’re adding space and days to the enterprise.The