THE PROJECT is expected to generate more than five billion kilowatt-hours of electricity annually. — PHILSTAR FILE PHOTOSP NEW Energy Corp.’s (SPNEC) P200-billion Terra Solar project might be completed slightly ahead of schedule as it has already achieved a 73% progress rate, the company’s president

CEBU-BASED fuel retailer Top Line Business Development Corp. (Topline) has secured the approval of the Philippine Stock Exchange (PSE) for its planned initial public offering (IPO) worth up to P3.16 billion.Top Line’s maiden offering will consist of 3.68 billion primary shares and an overallotment option

THE ARRIVAL of two A321 NEOs and one A320ceo brings Cebu Pacific to 83.3% of its 18 expected aircraft deliveries for the year. — AIRBUS.COMCEBU PACIFIC (CEB) is close to completing its expected aircraft deliveries for the year following the arrival of three new aircraft

MEGAWIDE.COM.PHABOITIZ InfraCapital, Inc. (AIC) is eyeing upgrades to Mactan-Cebu International Airport (MCIA) after acquiring Megawide Construction Corp.’s remaining equity stake, the company said on Thursday.“With full ownership of AGMCAC (Aboitiz GMR Megawide Cebu Airport Corp.), we are committed to taking the airport to new heights,

THE Tomb of Empress Maria Theresa (background), and her son Joseph II (front). — JOSEPH L. GARCIABy Joseph L. Garcia, Senior ReporterDURING a trip BusinessWorld took to Vienna in October, the Austrian capital felt like the setting of a fairy tale. Across our hotel at

PHOTO FROM PILIPINAS SHELLTHE COURT of Tax Appeals (CTA) denied Pilipinas Shell Petroleum Corp.’s petition for a P43-million tax refund on excise taxes for Jet A-1 fuel sold to tax-exempt international air carriers, citing lack of evidence.The tax court’s Third Division, in a 15-page decision,

Francis Fukuyama in his 2018 international bestseller Identity, about his take on political institutions, wrote that the state, rule of law and democratic accountability originated and evolved, and later on interacted with one another only to decay over time. Broadly consistent with Daron Acemoglu and

PHILSTAR FILE PHOTORIZAL COMMERCIAL Banking Corp. (RCBC) may issue dollar bonds early next year as it looks to tap both the offshore and domestic debt markets on a regular basis, its top official said. “It will probably be in the earlier part of the year,

WHEN was the last time you heard someone talk in detail about their grief? For many of us, it could be rarely or never. There are several reasons for this. Grieving people often avoid raising the topic in conversation because they want to avoid upsetting or burdening

ST Telemedia Global Data Centres (STT GDC) Philippines is on track to launch its 124-megawatt (MW) data center in Fairview, Quezon City, by the second quarter (Q2) of 2025, according to the company’s top official. “We remain committed to delivering on our project timelines. Last year,

1 of 5Araneta City announces Undas operating hoursTHE operating hours for malls in Araneta City have been announced. Gateway Mall 1 & 2, Farmers Plaza, and Ali Mall will have limited hours on Nov. 1. Retail stores will be open a bit later, from 11

FIRST METRO Investment Corp. (FMIC), the investment banking arm of Metropolitan Bank & Trust Co. (Metrobank), has signed the share purchase agreement for the sale of its controlling stake in First Metro Asset Management, Inc. (FAMI) to the ATR Asset Management Group (ATRAM Group).“In connection