AYALA LAND Hospitality and Marriott International formalized their partnership to build a Moxy Hotel in Makati during a signing ceremony held on July 30. — AYALA LAND HOSPITALITYAYALA LAND HOSPITALITY (ALH) has signed a deal with American hospitality group Marriott International to build a 260-room
A lineman is working on an electric pole in Ermita, Manila. — PHILIPPINE STAR/RYAN BALDEMORPOWER DISTRIBUTOR Manila Electric Co. (Meralco) has lowered its energy sales volume forecast for this year due to cooler weather, a company official said.At a recent press briefing, Ferdinand O. Geluz,
BW FILE PHOTOCHINA BANKING CORP. (Chinabank) saw its net income climb by 14% year on year in the first half on continued core business growth.The listed bank’s net income was at P13 billion in the six months through June, it said in a disclosure to
BW FILE PHOTOTHE PESO plummeted to the P58 level on Thursday, hitting a near six-month low versus the greenback, following hawkish comments from US Federal Reserve Chair Jerome H. Powell that dampened hopes for a September rate cut.The local unit plunged by 74 centavos to
GLOBE.COM.PHGLOBE TELECOM, INC. said it had completed the transfer of 96 towers to MIESCOR Infrastructure Development Corp. (MIDC) and Phil-Tower Consortium, Inc. (PhilTower) for a combined P1.34 billion.Globe said in separate disclosures on Thursday that it had completed the final sale of 12 towers to
PHILIPPINE STAR/NOEL B. PABALATEWe can assess and describe President Ferdinand “Bongbong” Marcos, Jr.s’ 2025 State of the Nation Address (SONA) a hundred ways, but two stand out.Richard Thaler and Cass Sunstein’s nudging did not seem to work on the President and those who helped him
BW FILE PHOTOTHE DEVELOPMENT BANK of the Philippines (DBP) is hoping to refile within this year the bill replacing its decades-old charter to increase its capital stock.“It was vetoed, so we will have it refiled. But the most important part of the charter is the
PHILIPPINE STAR/EDD GUMBANPAL HOLDINGS, INC., the operator of flag carrier Philippine Airlines (PAL), saw its second-quarter attributable net income rise by 40.51% to P3.33 billion, driven by higher passenger volumes.“To sustain our momentum in this dynamic operating environment, we will continue to focus on generating
Israel could open up more industries to OFWs - BusinessWorld Online REUTERSTHE PHILIPPINES and Israel are exploring the expansion of employment opportunities for Filipinos in Israel,
STOCK PHOTO | Image by Chevanon from FreepikBy Gonzalo Varela and Kevin CruzOVER the past 15 years, the Philippines has been one of East Asia’s most dynamic economies. Growth was fast, inclusive, and spatially balanced. Public investment in infrastructure surged, and reforms attracted private capital. As
IC places HMO under conservatorship - BusinessWorld Online BW FILE PHOTOTHE Insurance Commission (IC) has placed MEDOCare Health Systems, Inc. (MHSI) under conservatorship for failing to
UNILEVER PHILIPPINES has officially switched on its newly installed solar photovoltaic panels at its Cavite Foods factory to help cut costs and reinvest in further operational improvements.The 1.2-megawatt solar installation is capable of producing 1,847 megawatt-hours of electricity per year, complementing the factory’s use of