ABOITIZ Power Corp. (AboitizPower) said diversifying energy sources is needed to support the increasing adoption of renewable energy sources like solar and wind power, which fluctuate in availability based on natural conditions.“Addressing VRE’s (variable renewable energy) weaknesses solely with energy storage systems can increase the
PHILSTAR FILE PHOTOTHE VOLUME of transactions done via Land Bank of the Philippines’ (LANDBANK) mobile application surged by 96% in the first quarter, the state-run bank said on Monday.Transaction volume through LANDBANK’s Mobile Banking App (MBA) doubled to 20.9 million in the first quarter from
CRECENCIO I. CRUZTHE BOARD of property developer DoubleDragon Corp. has approved a planned retail bond issuance of up to P10 billion as part of the company’s fundraising initiatives. The proposed bond offering was approved by the company’s board on June 7, DoubleDragon said in a statement
FREEPIKWe often assume that women, like men, are fully equipped and have the financial savvy to plan their personal and business finances. However, various studies have observed the reality that there is a gender gap in financial literacy that persists globally, and which poses challenges
By Arjay L. Balinbin, Corporate EditorJAPAN-BASED department store chain Mitsukoshi is gearing up to introduce more Japanese brands and local partnerships at its Philippine branch Mitsukoshi BGC, a company official said.“What we are trying to do in Mitsukoshi BGC is to become a place where
FWD Life Insurance Corp. (FWD Life Philippines) has launched a new investment-linked insurance product with yearly payouts for a limited time as part of its 10th anniversary.FWD Golden 7 is a one-time payment plan that offers 4% annual payouts for seven years and 100% return
THE Securities and Exchange Commission (SEC) has approved the planned direct public offering (DPO) of Allied Care Experts Medical Center-Zamboanga, Inc. (ACE-MCZ) worth up to P1 billion.The commission en banc rendered effective ACE-MCZ’s registration statement covering 360,000 common shares during a June 6 meeting, the
The Philippines’ business environment improved* three notches to 34th place out of 79 jurisdictions in the 2024 Global Business Complexity Index from Amsterdam-based TMF Group. The index ranks jurisdictions based on the complexity of their business environments (lower ranking is better) using three areas of
AMAIA Land Corp., a subsidiary of Ayala Land, Inc., recently topped off its Clara Building, the fourth mid-rise condominium building in its residential project Amaia Steps Pasig.The nine-story Clara Building is the final structure in the 4.5-hectare residential development, joining the three other nine-story buildings
<?xml encoding="utf-8" ?????????>Labour has reversed its plan to reintroduce the pension lifetime allowance, sparking claims from the Tories of a significant financial “black hole” in Labour’s budget.The U-turn, valued at £800 million, sees Rachel Reeves, the shadow chancellor, abandoning the pledge to reinstate the lifetime
<?xml encoding="utf-8" ?????????>Labour’s proposed tax on private education is set to drive up house prices in catchment areas of high-performing state schools, according to leading estate agent Hamptons.The plan, which includes the introduction of VAT on independent school fees, is anticipated to increase property values
<?xml encoding="utf-8" ?????????>The Liberal Democrats have launched a radical manifesto aimed at the self-employed, presenting significant policy changes that set a new benchmark for other political parties ahead of the general election.According to a tax and self-employment expert, these proposals draw “lines in the sand”