REUTERSBy Aubrey Rose A. Inosante, ReporterTHE Bureau of Customs (BoC) said revenue collection may come in below target this year due to slower import activity amid the rice import ban and the corruption scandal.According to a document obtained by BusinessWorld, the BoC collected P898.75 billion
Elementary students attend class at a school in Manila, Aug. 22, 2022. — PHILIPPINE STAR/EDD GUMBANBy Almira Louise S. Martinez and Aubrey Rose A. Inosante, Reporters GRADE 5 students in the Philippines continue to fall behind most Southeast Asian neighbors in terms of proficiency in
Aboitiz-led group secures P70-B financing for CBK hydro takeover - BusinessWorld Online CBKPOWER.COMAN ABOITIZ-LED consortium has secured loan commitments totaling up to P70 billion from BDO
STOCK PHOTO | Image by Snowing from FreepikBy Beatriz Marie D. Cruz, ReporterMREIT, INC., the real estate investment trust (REIT) arm of listed Megaworld Corp., is set to acquire P16.22 billion worth of nine Grade A office buildings in Taguig City through a property-for-share swap
PAGCOR revokes PH Resorts Mactan casino license - BusinessWorld Online PHRESORTS.COPH RESORTS Group Holdings, Inc., the gaming company owned by Davao-based tycoon Dennis A. Uy, has
PHILODRILL.COMUPSTREAM oil and gas firm The Philodrill Corp. is seeking a new government contract to continue and expand its petroleum operations in northwest Palawan following the expiration of its existing service contract.In a regulatory filing on Thursday, the company said its Service Contract (SC) 13C2
SEC clears CLI rental pool offer for 443 units - BusinessWorld Online CEBULANDMASTERS.COMTHE Securities and Exchange Commission (SEC) has approved Cebu Landmasters, Inc.’s (CLI) rental pool
BACKGROUND PHOTO FROM PHILIPPINE STAR/NOEL PABALATEBy Justine Irish D. Tabile, ReporterCONSUMER GOODS company Procter & Gamble (P&G), the maker of Pampers and Whisper, will discontinue the sale of certain brands in the Philippines to concentrate on its core product lines.“Consistent with our strategy of investing
CEZAR P. CONSING — GLOBE.COM.PHAYALA CORP. said it expanded its operations this year through partnerships with foreign companies in retail, logistics, healthcare, and mobility sectors.“This year, Ayala entered into new partnerships, new ventures, and undertook historic firsts. This is the power of a more connected
APPLEONE GROUPPROPERTY DEVELOPER AppleOne Group is entering Cebu’s growing meetings, incentives, conferences, and exhibitions (MICE) market with the opening of the province’s first Marriott city hotel.Fairfield by Marriott Cebu Mactan is scheduled to open on Dec. 19, the company said in a statement.The 196-room hotel
1 of 2BANK of the Philippine Islands (BPI) is set to merge its thrift bank subsidiaries BPI Direct BanKo, Inc., A Savings Bank (BanKo) and Legazpi Savings Bank, Inc. (LSB), it said on Thursday.BPI’s board, in a Dec. 17 meeting, authorized its management to pursue
EPLDT.COMGLOBAL ELECTRICAL engineering company ABB Ltd. has energized VITRO Santa Rosa, providing a complete electrification solution and scalable power distribution across the data center’s 50-megawatt (MW) facility.“VITRO Santa Rosa marks a significant leap in the country’s digital transformation and AI (artificial intelligence) adoption. Through our