The Philippines posted a trade deficit of $4.69 billion in November, government data showed. — PHILIPPINE STAR/WALTER BOLLOZOS By Andrea C. Abestano, Researcher THE PHILIPPINES’ trade-in-goods deficit hit $4.69 billion in November, the widest gap in seven months due to flattish import growth and the continued decline in exports amid […]
October FDI net inflows drop by 29%
Foreign direct investment (FDI) recorded $655 million in net inflows in October, central bank data showed. — REUTERS By Keisha B. Ta-asan, Reporter NET INFLOWS of foreign direct investment (FDI) slumped in October amid heightened global economic uncertainties, the Philippine central bank said. Data released by the Bangko Sentral ng […]
WB sees PHL as fastest-growing economy in Southeast Asia this year
Motorists drive along the Jose Abad Santos Avenue in San Fernando, Pampanga, Nov. 7, 2022. — PHILIPPINE STAR/MIGUEL DE GUZMAN By Luisa Maria Jacinta C. Jocson, Reporter THE WORLD BANK (WB) expects the Philippines to be among the fastest-growing economies in Southeast Asia this year. In its latest Global Economic […]
Meralco rates to go up slightly in January
Linemen fix the electricity posts in Tondo, Manila. Customers of Manila Electric Co. can expect slightly higher electric bills in January. — PHILIPPINE STAR/ RUSSELL PALMA By Sheldeen Joy Talavera, Reporter TYPICAL HOUSEHOLDS served by Manila Electric Co. (Meralco) will see a slight increase in their electricity bills this month […]
The best of Japan under one roof
Standard Hospitality Group’s John Concepcion plans expansion of Kiwami as he continues to honor tradition SOME of the best restaurants in Japan can be found all under one roof in the Philippines, thanks to the efforts of The Standard Hospitality Group’s chief executive officer (CEO), John Concepcion. Earlier this week, […]
Small plates are over, here’s what restaurants in NY and London are doing in 2024
THERE’S good news for diners who don’t like to share: Those tapas-size plates loaded with mini bruschettas and spicy tuna-topped crispy rice are out. Individual portions are in this year. That’s one of the top trends emerging in new restaurants across London and New York (NY). Another: When you order […]
China likely dethroned Japan as world’s top auto exporter
PHOTO FROM HONDA CARS PHILIPPINES BEIJING/SHANGHAI — China is estimated to have overtaken Japan as the world’s largest auto exporter in 2023, the China Passenger Car Association (CPCA) said on Tuesday, as BYD, Chery and other domestic automakers made major strides overseas. The world’s biggest auto market also became the […]
Aboitiz’s Laguindingan airport plan to undergo Swiss challenge in Q1 — DoTr
L FILIPE C SOUSA-UNSPLASH By Ashley Erika O. Jose, Reporter THE Department of Transportation (DoTr) is set to invite other parties in the first quarter (Q1) to challenge the Aboitiz group’s proposal to upgrade, operate, and maintain the Laguindingan International Airport in Misamis Oriental, an official said on Wednesday. “Swiss […]
Starbucks India to more than double store count by 2028
HENRY & CO.—UNSPLASH TATA Starbucks, a joint venture between Starbucks and Tata Consumer Products, said on Tuesday it plans to operate 1,000 cafes in India and double its workforce by 2028, amid fierce competition from local chains. Since opening its first cafe in October 2012, Tata Starbucks’ store count has […]
Manila Water’s Antipolo sewage treatment plant seen operational by Dec.
MANILA WATER Co., Inc. announced on Wednesday that its P2.5-billion Hinulugang Taktak sewage treatment plant (STP) in Antipolo City is now over 60% complete and is expected to be operational by December this year. “The project aims to maintain and rehabilitate the ecological balance in the area by treating up […]