London Stock Exchange Boosted by Raspberry Pi FlotationThe London Stock Exchange received a much-needed boost this morning as affordable computer supplier Raspberry Pi made a successful debut on the market. The company’s shares were priced at 280p each, at the top of the range published
Local Man Seeks Employment with Support of Council-Backed CenterMichael, a fair-haired man with a frail appearance and a face that tells a story, is on a journey to find employment. After facing personal challenges seven years ago, including a divorce and unemployment, Michael was left
The trade deficit in April was the widest in five months. — PHILIPPINE STAR WALTER BOLLOZOSBy Beatriz Marie D. Cruz, Reporter THE PHILIPPINES’ trade deficit narrowed year on year in April but posted the widest level in five months, as exports and imports posted
PHILIPPINE STAR/KRIZ JOHN ROSALESBy Luisa Maria Jacinta C. Jocson, ReporterTHE PHILIPPINES’ fiscal consolidation plan may be too “ambitious,” the International Monetary Fund (IMF) said, noting that the government still has room to raise taxes to generate much-needed revenues.IMF Mission Chief Elif Arbatli Saxegaard said the
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,”