PEOPLE ride a trolley on a train track in Manila, Philippines, July 6, 2023. — REUTERS By Luisa Maria Jacinta C. Jocson, Reporter FINANCE SECRETARY Ralph G. Recto said on Wednesday that he does not plan to introduce new taxes as elevated inflation remains a “most urgent concern.” At a […]
Economic czar backs move to return to pre-CREATE regime
Office of the Special Assistant to the President for Investment and Economic Affairs Secretary Frederick D. Go — PHILIPPINE STAR/KRIZ JOHN ROSALES PRESIDENTIAL INVESTMENT adviser Frederick D. Go said he is making it a priority to address investor concerns by implementing reforms such as restoring the power of the investment […]
First Islamic banking unit in Philippines set to open
The first Islamic banking window in the Philippines will soon be operational this month in Cotabato City. — REUTERS By Keisha B. Ta-asan, Reporter THE PHILIPPINES’ first Islamic banking unit will soon be operational this month in Cotabato City, an official from the Bangko Sentral ng Pilipinas (BSP) said. BSP […]
BSP targets to complete a blueprint for cross-border payments this year
ASEAN.ORG THE BANGKO SENTRAL ng Pilipinas (BSP) is targeting to complete a blueprint for instant cross-border payments this year, which is expected to be one of the more affordable multinational remittance services in the market, according to an official. “The BSP is working on cross-border payments. We will be completing […]
Food trends in 2024: Asian, plant-based, and nostalgic food are in, but inflation may hit choices
1 of 4 MOST of San Miguel’s partner chefs agree: Asian styles, plant-based food, European indulgence, Filipino comfort food, and nostalgic dishes will be popular across the board for 2024 and beyond. However, tighter budgets due to worldwide and local inflation may also influence cuisine over the coming months. During […]
SMC unit advances in 1,200-MW supply bid for Meralco
UNSPLASH SAN MIGUEL group’s South Premiere Power Corp. (SPPC) is advancing to the post-qualification stage after the Manila Electric Company (Meralco) declared its bid to supply 1,200 megawatts (MW) as the most favorable. “The bids and awards committee for power supply agreements named South Premiere Power Corp. as the best […]
French cognac celebrates Chinese New Year
HISTORIC French cognac brand Hennessy (its initial “H” forms part of the LVMH name, which should give you an idea of the brand’s image), is participating in the Lunar New Year celebrations, a predominantly Asian holiday. On Jan. 18, Hennessy opened its Year of the Dragon Experiential Pop-Up in Greenbelt […]
Atomic bomb blockbuster Oppenheimer leads Oscar nominations; Gerwig, Robbie, DiCaprio snubbed
—WIKIMEDIA COMMONS BEVERLY HILLS, California — Oppenheimer, the epic film about the World War II race to build the first atomic bomb, landed a leading 13 Oscar nominations on Tuesday and cemented its role as frontrunner for the prestigious best picture trophy. The three-hour drama directed by Christopher Nolan outpaced […]
ACEN completes acquisition of US wind project
FREEPIK ACEN Corp.’s joint venture company UPC Power Solutions LLC has concluded the acquisition of the 38-megawatt (MW) Chestnut Flats wind project in Altoona, Pennsylvania, the renewable energy company announced on Wednesday. In a stock exchange filing, the Ayala-led energy company said that UPC Power Solutions has successfully bought the […]
RFM sees 14% rise in income, expects to finish P1.5-B capex projects in Q1
RFM Corp. saw its profit surge by 14% to P1.2 billion in 2023, driven by robust sales, the listed food and beverage company said on Wednesday, citing its preliminary unaudited net income report. In a regulatory filing, RFM said that its 2023 net income marked an improvement from the P1.07 […]