<?xml encoding=”utf-8″ ?????????> The sharing economy is prompting a rethink of business practice. To address confusion, this transformative model is also referred to as the ‘crowd’, ‘gig’, ‘peer-to-peer’ or ‘on-demand’ economy. It operates within the context of digital technology and is based on collaborative consumption, allowing both individuals and businesses […]
NEDA Board adds 23 flagship projects
A man works on the construction of an elevated highway in Caloocan City, Aug. 2, 2017. — REUTERS THE NATIONAL Economic and Development Authority (NEDA) Board on Tuesday added 23 new projects to the list of infrastructure flagship projects (IFPs), but it delisted 36 projects. The Marcos administration’s flagship infrastructure […]
Philippines still largely ‘unfree’ in economic aspects — index
THE Philippines inched up one spot to 88th out of 176 countries in a global ranking on economic freedom by The Heritage Foundation. — PHILIPPINE STAR/ MICHAEL VARCAS By Kyle Aristophere T. Atienza, Reporter THE PHILIPPINES remained largely “unfree” in economic aspects, even as it inched up a spot to […]
Sluggish government spending likely to drag growth this year
Government spending posted flat growth in 2023. — PHILIPPINE STAR/EDD GUMBAN PHILIPPINE ECONOMIC GROWTH may slow to 5.4% this year, dragged by sluggish government spending, Bank of America (BofA) Global Research said. BofA Global Research in a report dated Feb. 26 said government spending may continue to slow this year, […]
Foreign chambers say economic Charter change to lift FDI
REUTERS FOREIGN CHAMBERS of commerce in the Philippines on Tuesday asked lawmakers to lift foreign ownership limits in the 1987 Constitution, saying this would boost foreign direct investments (FDIs) in the country that is considered one of the least attractive in Southeast Asia. “Our group supports the easing of restrictions […]
BusinessWorld names new editor-in-chief
BUSINESSWORLD Publishing Corp. appointed Cathy Rose A. Garcia as editor-in-chief, effective March 1. Ms. Garcia has been managing editor since January 2020, steering the newsroom through the challenges of the pandemic. She started her journalism career at BusinessWorld in May 1998, where she covered Malacañang, the House of Representatives and […]
OceanaGold Philippines eyes IPO by May
OCEANAGOLD.COM THE PHILIPPINE subsidiary of Australian-Canadian mining company OceanaGold Corp. is targeting a public listing by May in compliance with its mining contract. OceanaGold Corp. said in its updated prospectus dated Feb. 26 that the proposed initial public offering (IPO) for OceanaGold Philippines, Inc. (OGPI) is tentatively scheduled for settlement […]
MPIC-SMC JV seen as opportunity for foreign, local investors
BW FILE PHOTO By Ashley Erika O. Jose, Reporter THE PLANNED joint venture (JV) between Metro Pacific Investment Corp. (MPIC) and San Miguel Corp. (SMC) presents an appealing opportunity for both foreign and local investors seeking exposure to emerging markets, according to analysts. “Although nothing is final yet, there is […]
ACC holds annual benefit auction in March
ON VIEW at the Asian Cultural Council’s press conference announcing its auction were two of the works that will go under the hammer, Yellow Abode (1961) by Jose Joya (L) and 4 Bottles (2000s) by Arturo Luz — CHELSEA VISTO CONTINUING its mission to support and develop local talent in […]
SMC’s Limay Power advances in supply bid for Meralco
EVENING_TAO-FREEPIK POWER DISTRIBUTOR Manila Electric Co. (Meralco) announced on Tuesday that Limay Power, Inc., a unit of San Miguel Corp. (SMC), is set to undergo post-qualification evaluation for its 400-megawatt (MW) supply bid. “Of the three bidders that expressed interest to participate in the competitive selection process (CSP), only two […]