A rice vendor is seen at Paco Market, Manila, March 13, 2024. — PHILIPPINE STAR/RYAN BALDEMOR HEADLINE INFLATION could have quickened further to 3.9% in March due to positive base effects, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. said on Wednesday. “It would be close to […]
BoP deficit narrows to $196M in Feb.
US one-hundred-dollar notes are seen in this picture illustration taken in Seoul Feb. 7, 2011. — REUTERS By Luisa Maria Jacinta C. Jocson, Reporter THE DEFICIT in the Philippines’ balance of payments (BoP) narrowed sharply to $196 million in February from the $895-million gap recorded a year earlier, data from […]
Philippines is most improved in latest list of world’s happiest countries
The Philippines is the 53rd happiest country in the world, according to the latest World Happiness Report. — PHILIPPINE STAR/EDD GUMBAN THE PHILIPPINES jumped 23 spots in an annual survey that measures the level of happiness of people around the world, as young Filipinos reported higher life satisfaction than older […]
Double-digit growth in revenues, expenditures continues — DoF chief
THE NATIONAL GOVERNMENT (NG) continues to see double-digit growth in revenue collection and spending as of mid-March, Finance Secretary Ralph G. Recto said. “For the last two months and a half, our revenues are 20% up year on year while spending is 10% up year on year, so we do […]
Marcos says too early for rate cut, eyes 8% growth
PRESIDENT Ferdinand R. Marcos, Jr. said the Philippines hasn’t reached the point where it should start cutting interest rates, citing inflation as the main worry for an economy expanding at the fastest clip in Southeast Asia. “Inflation is still our biggest problem,” Mr. Marcos said on Tuesday in his interview […]
From catering the skies to selling arroz caldo online
RHODEL Esteban, Chief Operating Officer and Vice President of Commercial at MacroAsia Food Group, started out as an aeronautical engineer, but has since pivoted his career into airline catering. From selling nuts and bolts, he says, “Now I’m selling peanuts.” Speaking at the Future of Food 2024 conference at Center […]
Local wine trends: Wine cocktails on the rise
JP Chenet, a big French wine supplier has their Fresh Fruit Explosion series. WINE cocktails, where wine is used as the main alcohol base for cocktails, has always been popular in bars, especially with the likes of Sangria, Mimosa, Bellini, and Calimocho being fixtures in cocktail menus, not only domestically […]
Cebu Landmasters allocates P14.5 billion for capex
CEBULANDMASTERS.COM LISTED property developer Cebu Landmasters, Inc. (CLI) has allocated P14.5 billion for its capital expenditure (capex) budget this year. “A portion is dedicated to land acquisition, particularly for the inaugural Luzon project,” CLI said in a stock exchange disclosure on Wednesday. The company said it has P27 billion worth […]
Belle Corp. sets tender offer price and period for PLC delisting
BELLE CORP.’S board has set the tender offer price and period for the voluntary delisting of subsidiary Premium Leisure Corp. (PLC). PLC’s tender offer price is set at 85 centavos per share, with the tender offer period scheduled from March 22 to April 24, Belle Corp. said in a regulatory […]
Chocolate soy sauce dares 800-year-old industry to change
IT’S SWEET and salty, and can be added to steak or ice cream. Chocolate-infused soy sauce is challenging the norms of a traditional industry that’s been slow to change. Packed into a small jar is the story of Toshio Shinko, the chief executive officer of Yuasa Soy Sauce Co., who […]