BW FILE PHOTO THE BANGKO SENTRAL ng Pilipinas (BSP) will extend the alternative reserve compliance for small banks to ensure there will be no adverse impact after the relief measure expires on June 30. BSP Governor Felipe M. Medalla said the relief measure is no longer necessary since the economy […]
PHL roads, railways and ports highly vulnerable to climate risks — experts
The International Transport Forum (ITF) 2023 was held in Leipzig, Germany. By Arjay L. Balinbin, Multimedia Editor LEIPZIG, Germany — Road, railway, and port infrastructure in the Philippines are among those most at risk of multihazard damage caused by climate change, according to experts at the International Transport Forum (ITF). […]
Lenders’ Q1 asset growth quickest in 3 quarters
Bank clients withdraw money from BDO ATM machines in Makati, Metro Manila, Aug. 2, 2016. — REUTERS/ERIK DE CASTRO THE COMBINED ASSETS of the Philippines’ largest banks climbed by 11.25% in the first quarter, the fastest growth in three quarters. BusinessWorld’s latest quarterly banking report showed the combined assets of […]
Tax reforms generated P202.8B in revenues in 2022
People line up to file their income tax returns at the Bureau of Internal Revenue office in Intramuros, Manila, April 18, 2022. — PHILIPPINE STAR/ RUSSELL A. PALMA THE IMPLEMENTATION of key tax reform laws generated P202.8 billion in additional revenues in 2022, the Department of Finance (DoF) said. “The […]
Regulators want fashion brands to pay for their textile waste
REGULATORS in the US and Europe are waking up to the mounting clothing waste problem that’s clogging local landfills and overwhelming countries such as Ghana and Chile. Increasingly, they’re asking brands to pay for it. Under rules that have been separately proposed in California, New York, Sweden, the Netherlands, and […]
Fashion designer Pepito Albert, 64
PEPITO ALBERT was also one of Leon Gallery’s guest curators during the 2020 lockdown. — FACEBOOK.COM/LEONGALLERYMAKATI FASHION designer Pepito de Leon Albert, a fixture in Manila high society having designed outfits for some of Manila’s best-dressed women, died on May 27. Mr. Albert was a long-time friend of the current […]
Nueva casa
1 of 5 IF YOU OWN a new vehicle, you make a beeline to your dealership (or casa) when the odometer reading calls for it. Of course, you are careful to adhere to your ride’s preventive maintenance schedule (PMS), else you risk voiding its warranty. But what if you’ve reached […]
L’Oreal, QC partner to train ‘beauty influencers’
YANNICK RAYNAUD, Managing Director of L’Oreal Philippines IN LINE with the increasing importance of social media in the marketing of products, L’Oreal Philippines is now training Quezon City residents to become digital content creators under its Digital Beauty Academy program. The company has tapped Quezon City as its corporate social […]
Chery Tiggo 8 Pro, Tiggo 5X notch huge sales growth in Q1
IMAGE FROM CHERY AUTO PHILIPPINES CHERY AUTO PHILIPPINES reported significant growth in sales of its two key models. The company’s subcompact Tiggo 5X crossover sold a total of 331 units in the first quarter of 2023, representing 75% growth compared to the same period last year. Meanwhile, Chery’s top-of-the-line midsize […]
Chanel’s $10,000 handbags may become even pricier in September
PRICES of Chanel handbags, including the fashion house’s signature “flap” bags, could rise again in September, a top executive said. Chanel typically reviews handbag prices twice a year, in March and September. In March, the company applied an average 8% price increase on bags worldwide, Chief Financial Officer Philippe Blondiaux […]