<?xml encoding=”utf-8″ ?????????> In the realm of professional development, few things hold as much promise as real, tangible growth. Samantha Sloan, Founder and Director of 123 People Development explains why the secrets behind lasting transformation is paramount and the core ethos and driving force behind her business. What sets your […]
PSEi poised for rebound this year
THE BUSINESSWORLD INSIGHTS stock market forum was held on Feb. 27 at Dusit Thani Manila in Makati City. The panel discussion featured (third from left) Eduardo V. Francisco, president of BDO Capital; Mikhail Philippe Plopenio, research and client engagement officer of Philstocks Financial, Inc.; April Lynn C. Lee-Tan, first vice-president […]
Legislated wage hike won’t benefit 80% of workforce — business groups
A worker sets up umbrellas at a park in Marikina City in this file photo taken on Nov. 10, 2022. — PHILIPPINE STAR/WALTER BOLLOZOS INFORMAL WORKERS, which make up around 80% of the total workforce, are unlikely to benefit from the proposed P100 national wage hike, business groups said. In […]
Rate cuts to spur loan demand this year — UBS
BW FILE PHOTO THE PHILIPPINE banking industry may likely see double-digit credit growth this year on strong demand for loans amid a robust economy, better asset quality, and expectations of benchmark interest rate cuts, UBS Global Research and Evidence Lab said. Philippine credit growth may hit above 10% this year, […]
More airport, road projects added to flagship program
PHILIPPINE STAR/EDD GUMBAN THE MARCOS administration has added more airport, road and climate and disaster risk-reduction projects to its infrastructure flagship program. The National Economic and Development Authority (NEDA) on Wednesday identified the 23 new projects that the NEDA Board had added to the list of infrastructure flagship projects (IFPs). […]
A guide to the imminent changes to employment law
<?xml encoding=”utf-8″ ?????????> A significant amount of new employment legislation is coming into effect in April 2024, all of which will have implications for employers. Here are the key changes you need to know about. Family-friendly rights Flexible working Currently, an employee needs 26 weeks’ service to make a flexible […]
SMIC’s net income jumps 25% to P77B on higher consumer spending
SM INVESTMENTS CORP. (SMIC) announced on Wednesday a 25% increase in its net income for 2023, reaching P77 billion from P61.7 billion in 2022. The growth was primarily driven by increased consumer spending, the Sy-led conglomerate said in a statement on Wednesday. The company’s consolidated revenues climbed by 11% to […]
Megaworld income up 29% to P17.3B in 2023
MEGAWORLD CORP. saw a 29% increase in its attributable net income for 2023 to P17.3 billion from P13.5 billion in 2022, propelled by improved performance across its core operations, the Tan-led property developer announced on Wednesday. The company’s consolidated revenue improved by 17% to P69.7 billion, Megaworld said in a […]
Semirara Mining and Power’s profit falls 30% to P27.9B
SEMIRARAMINING.COM WEAK COAL and power selling price pulled down the consolidated net income of Semirara Mining and Power Corp. (SMPC) by 30% to P27.9 billion in 2023, the company said on Wednesday. “Last year, we expected energy prices to stabilize so we focused on boosting our mine and plant outputs. […]
Philex’s Silangan completes $170-M loan facility for Surigao project
PHILEX MINING CORP. said its subsidiary, Silangan Mindanao Mining Co., Inc., has secured an additional $70-million loan to initiate operations for its Surigao del Norte mine, slated to commence by 2025. “The signing of the agreement completes the total loan facility of $170 million needed to bring the Silangan Project into commercial […]