Money sent home by overseas Filipino workers (OFWs) rose by 2.7% year on year in January, central bank data showed. — PHILIPPINE STAR/WALTER BOLLOZOS By Luisa Maria Jacinta C. Jocson, Reporter CASH REMITTANCES from overseas Filipino workers (OFWs) rose by 2.7% year on year in January, the Bangko Sentral ng […]
MIC explores investments in coconut oil mills, refineries
A Filipino worker inspects coconuts at a plantation in Quezon province in this picture taken on Aug. 11, 2004. — REUTERS THE MAHARLIKA Investment Corp. (MIC) is looking into investing in the agro-industries sector, specifically coconut oil mills and refineries. “The MIC Board approved discussions with the Department of Finance-Privatization […]
Archivers make up for lost time in preserving Philippine past on film
Philippine Film Archive employees inspect the vault containing film reels — BRONTE H. LACSAMANA By Brontë H. Lacsamana, Reporter TEDDY CO, a 64-year-old film curator, cinephile and advocate of archiving and regional cinema, helped shape Philippine film history. Many Filipino archivists turned to him for information on lost films, including […]
External debt hits record $125.4 billion at end-2023
A person shows US dollars at a currency exchange stall in Manila, Philippines, Oct. 21, 2022. — REUTERS THE PHILIPPINES’ outstanding external debt hit a record-high $125.4 billion at the end of December, equivalent to 28.7% of gross domestic product (GDP), data from the Bangko Sentral ng Pilipinas (BSP) showed. […]
Innovation, a key driver of the trust industry
By Bjorn Biel M. Beltran, Special Features and Content Assistant Editor, BusinessWorld Trust is the cornerstone of banking and financial services. Even in ancient Mesopotamia, when trade and barter was the primary economic model for civilization, temples acted as the repositories for agricultural goods and precious metals, because people trusted […]
Trust’s remarkable evolution in the Philippine financial landscape
By Angela Kiara S. Brillantes, Special Features and Content Writer, BusinessWorld Banking is a fundamental aspect of the economy. It provides financial security among individuals, businesses, and government agencies to manage their finances, investments, and loans. Throughout the years, prominent drivers of the sector have contributed to the growth of […]
Electric roll call
PARDON THE PUN, but it’s almost shocking when you realize that there are now more pure electric vehicles on the market than there are pickups and vans combined. And you know how crazy Filipinos are about pickups and vans. Just three years ago, electric vehicles were more a curiosity than […]
Celebrity running shoe brand opens stores in Manila
US WEEKLY lists Reese Witherspoon, Gwyneth Paltrow, Kate Hudson, and Kylie Jenner as fans of running shoe brand Hoka (other publications list more celebrities; Harry Styles and Gisele Bündchen have both been spotted wearing them). While already available in the Philippines when its initial stores opened in February last year […]
Mighty morphin’ mobility
PHOTO BY ANGEL RIVERO THE LAST COUPLE of years have shown us that our motoring landscape is poised to undergo significant transformations. Quite a lot, in fact, that people in the industry no longer choose to refer to motoring as “motoring,” but instead call it mobility. This evolution is helped […]
PLDT sets sights on boosting home broadband infrastructure
WIKIMEDIA COMMONS/PATRICKROQUE01 LISTED telecommunications company PLDT Inc. has announced plans to bolster its home broadband infrastructure through its subsidiary PLDT Home. The company aims to expand home broadband ports and invest further in modernizing submarine cables, PLDT said in a statement on Sunday. “We are… confident we could do better […]