REUTERS By Keisha B. Ta-asan, Reporter MONEY SENT HOME by overseas Filipino workers (OFWs) reached $2.719 billion in November — the lowest in six months — amid geopolitical tensions in the Middle East and a stronger peso against the dollar. Cash remittances grew by 2.8% from $2.644 billion a year […]
Philippine-China tensions over South China Sea may have wider implications for region — Moody’s
A Philippine supply boat sails during a resupply mission for Filipino troops stationed at a grounded warship in the South China Sea, Oct. 4, 2023. — REUTERS THE DISPUTE between the Philippines and China over the South China Sea could have more widespread effects on the Asia-Pacific region, Moody’s Investors […]
Recto officially takes over DoF
FINANCE SECRETARY RALPH G. RECTO — DEPARTMENT OF FINANCE FACEBOOK PAGE FORMER CONGRESSMAN and Senator Ralph G. Recto on Monday officially took over the Department of Finance (DoF) from Benjamin E. Diokno, at a time when the government needs to ramp up its fiscal consolidation efforts. “Our task is to […]
‘Precarious’ year ahead for world economy, Davos survey predicts
People walk around the financial district near the New York Stock Exchange in New York, US, Dec. 29, 2023. — REUTERS THE GLOBAL ECONOMY faces a year of subdued growth prospects and uncertainty stemming from geopolitical strife, tight financing conditions and the disruptive impact of artificial intelligence (AI), a survey […]
Gaming revenue reaches P285B in 2023; P336B eyed for 2024
MICHAL PARZUCHOWSKI-UNSPLASH By Revin Mikhael D. Ochave, Reporter THE PHILIPPINE Amusement and Gaming Corp. (PAGCOR) said revenue for 2023 reached P285.27 billion, marking a 33.1% increase from P214.33 billion reported in 2022. This figure not only surpassed PAGCOR’s 2023 revenue target of P272.74 billion but also set a new record […]
Ayala-led ACEN issues guarantees for subsidiary’s $320-M loan
ACENRENEWABLES.COM LISTED ACEN Corp. has committed to take responsibility for the repayment of its subsidiary’s $320-million loan in the event that it is unable to fulfill its obligations, the Ayala-led energy company announced on Monday. “This loan obtained by ACEN Cayman [will] be used to redeem the redeemable preferred shares […]
Art at the South Park Center
1 of 2 GRACING the outer walls of Ayala South Park, a corporate center in Muntinlupa filled with shops, restaurants, and government offices, is a colorful mural that both beautifies the area and serves as a reminder of its identity. This is the conclusion of Avida Land’s South Park District […]
Are board directorships just for the old and retired?
FREEPIK Looking for an alternative career? Eager to approach retirement? One usually asks these questions as we reflect upon the New Year and what it will bring. Not a few people have asked me: What do I do when I reach retirement age? My reply: You have to keep yourself […]
FEU says Sept.-Nov. income down 6% to P665M
BW FILE PHOTO LISTED educational institution Far Eastern University, Inc. (FEU) saw a 6% decline in attributable net income for the second quarter of its fiscal year that ends May, driven by higher operating expenses. In a regulatory filing on Monday, FEU said its attributable net income for the September […]
Not even Taylor Swift can bring back CDs
1 of 2 AMAZON.COM SENTINELVINYL.COM VINYL snobs, unclench: Reports of the compact disc’s resurrection are greatly exaggerated. Contrary to claims that CDs are making a comeback on the back of Gen Z interest, its long fadeout has, at best, been interrupted. Not even the kiss of life from the industry’s […]