US dollar banknotes are seen in this illustration photo. — JAKUB PORZYCKI/NURPHOTO VIA REUTERS CONNECTBy Aaron Michael C. Sy, ReporterMONEY SENT HOME by overseas Filipino workers (OFWs) jumped by an annual 3.7% in September, the fastest pace in five months, the Bangko Sentral ng Pilipinas

Frederick D. Go (left) and Ralph G. Recto — PHILSTAR FILE PHOTO/PCO PHOTOBy Chloe Mari A. Hufana and Aubrey Rose A. Inosante, ReportersPHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr. on Monday appointed Finance Secretary Ralph G. Recto as the new executive secretary and economic czar Frederick

Vehicles are stuck in traffic during rush hour in Pasay City. — PHILIPPINE STAR/ RYAN BALDEMORBy Justine Irish D. Tabile, ReporterVEHICLE SALES hit just over 40,000 in October, as rising demand for electric vehicles (EVs) failed to offset the decline in passenger car sales, an

A view of the central business district of Makati City on Thursday, July 10. — PHILIPPINE STAR/ RYAN BALDEMORTHE PHILIPPINE office sector is one of most hybrid work-friendly markets in the Asia-Pacific region, but some firms still face sustainability challenges, according to property consultancy firm

FIRST GEN CORP.RAZON-LED Prime Infrastructure Capital, Inc. (Prime Infra) has completed its acquisition of First Gen Corp.’s gas assets in Batangas City for P50 billion.Prime Infra has completed the financial close for its acquisition of a 60% stake in the 1,000-megawatt (MW) Santa Rita Power

SEC.GOV.PHTHE Securities and Exchange Commission (SEC) has revoked the accreditation of Villar Land Holdings Corp.’s appraiser, E-Value Phils, Inc., for failing to justify its P1.33-trillion valuation of the listed company’s properties.The SEC Office of the General Accountant (OGA) also imposed a maximum penalty of P1

IN PHOTO: [L-R] (Standing) Department of Information and Communications Undersecretary Faye Condez de Sagon; Bran Ferrer Reluao, special envoy of the president to the Kingdom of Thailand; Thai Ambassador to the Philippines Makawadee Sumitmor; and Department of Trade and Industry Director Lilian G. Salonga. (Seated)

SM CITY FAIRVIEW’S ROOFTOP solar photovoltaic system. — SMPRIME.COMSY-LED property developer SM Prime Holdings, Inc. has raised P17 billion from the issuance of fixed-rate retail bonds, which will finance the redevelopment and construction of its flagship malls.The offering consists of P12 billion in fixed-rate retail

WHILE Ben&Ben won this year’s top prize, Album of the Year for The Traveller Across Dimensions, at the 38th Awit Awards, itwas the P-pop groups SB19 and BINI who took home the most awards. Hosted by MQuest Ventures through TV5’s music program Vibe, the awards

MPIC CHAIRMAN, President, and Chief Executive Officer Manuel V. Pangilinan — BW FILE PHOTOPANGILINAN-LED Metro Pacific Investments Corp. (MPIC) reported a 14% increase in consolidated core net income to P23.6 billion for the first nine months, driven by stronger performance across its portfolio.“Our performance in

Alternergy unit to take over 80-MW Cebu wind project - BusinessWorld Online                                    STOCK PHOTO | Image by Rawpixel.Com from FreepikALTERNERGY Holdings Corp., through its wind subsidiary,