<?xml encoding=”utf-8″ ?????????> “There’s no substitute for experience.” This is a phrase we hear often in business and our wider lives. But while this commonly refers to choosing people or a company to provide a service, shouldn’t the phrase also apply to the experience your customer receives? Without customers, businesses […]
US firms to invest over $1B in PHL
US COMMERCE SECRETARY Gina Raimondo is seen during a meeting in Malacañang, March 11, 2023. — PPA POOL MAJOR US COMPANIES are set to announce over $1 billion worth of investments in the Philippines, US Commerce Secretary Gina Raimondo said on Monday. “US companies are eager to do business in […]
FDI inflows slump by 7% in 2023
US dollar and euro banknotes are seen in this illustration taken on July 17, 2022. — REUTERS/DADO RUVIC/ILLUSTRATION NET INFLOWS of foreign direct investments (FDIs) into the Philippines slumped for a second straight year in 2023 amid sluggish global economic growth and geopolitical tensions, the central bank said. Data from […]
Marcos wants more US semiconductor firms to expand in PHL
THE Philippines is hoping to attract more investments in the semiconductor sector. — REUTERS By Kyle Aristophere T. Atienza, Reporter PRESIDENT Ferdinand R. Marcos, Jr. said on Monday the Philippines wants US semiconductor companies to set up wafer fabrication facilities locally as part of the American push to bolster US […]
Investment holding firm Premium Leisure plans to delist from PSE
INVESTMENT HOLDING company Premium Leisure Corp. (PLC) said it plans to voluntarily delist from the Philippine Stock Exchange (PSE). In a regulatory filing on Monday, PLC said the board of its parent firm Belle Corp. had approved the conduct of a tender offer for all of the former’s outstanding common […]
LIMA Estate plans 40-hectare expansion of business hub in Batangas
The LIMA Estate in Lipa — Malvar, Batangas is considered to be the largest privately-owned industrial park in the Philippines. THE LIMA Estate in Lipa and Malvar, Batangas, is set to expand its business hub by 40 hectares in the first half as part of its expansion plans, the Aboitiz […]
Century Pacific Food earmarks $40M for coconut water production
CENTURY PACIFIC Food, Inc. (CNPF) has earmarked $40 million, or P2.2 billion, to boost coconut water production, the company announced on Monday. The company aims to cater to the requirements of the US-based beverage firm The Vita Coco Company, Inc., which requires approximately 90 million liters of coconut water over […]
Meralco unit pursues Atimonan gas conversion project
MANILA ELECTRIC Co. (Meralco) is expecting to complete the conversion of its coal-fired power plant project in Quezon province into a gas-fired plant by 2029, the company’s top official said. “There’s no clarity yet but the next window we’re looking for Atimonan is by 2028, 2029,” Meralco Executive Vice-President and […]
Atomic bomb movie Oppenheimer crowned best picture at the Oscars
ACTING WINNERS: (L-R) Robert Downey, Jr., Da’Vine Joy Randoph, Emma Stone, and Cillian Murphy hold their acting trophies at the photo room at the 96th Academy Awards. — REUTERS/Carlos Barra LOS ANGELES — Oppenheimer, the blockbuster biopic about the race to build the first atomic bomb, claimed seven Academy Awards […]
Jollibee Foods board OKs issuance of up to P8-B preferred shares
LISTED fastfood chain Jollibee Foods Corp. (JFC) said it is planning to raise up to P8 billion through a preferred shares offering, with a portion earmarked for repaying financial obligations. The company’s board approved the plan to offer and issue five million preferred shares with an oversubscription option of up […]