<?xml encoding=”utf-8″ ?????????> Oleg Jelesko, the founder of Da Vinci Capital, stands out as a seasoned figure in the realm of alternative investments. With a track record of notable achievements, including key roles in substantial M&A transactions, he established the firm amid global financial turmoil, guiding it to prosperity. His […]
IMF hikes growth forecast for PHL
The International Monetary Fund (IMF) sees the Philippine economy growing by 6.2% this year. — PHILIPPINE STAR/RYAN BALDEMOR By Luisa Maria Jacinta C. Jocson, Reporter THE INTERNATIONAL Monetary Fund (IMF) raised its gross domestic product (GDP) growth forecast for the Philippines for this year and 2025. In its latest World […]
Remolona says rate cut more likely in 2025 on inflation risks
THE WINDOW for the Philippine central bank to start reducing the key rate in the second half of 2024 is narrowing as the risk that inflation may breach its target for a third straight year rises, according to Philippine central bank Governor Eli M. Remolona, Jr. “The upside risks have […]
Red tape poses challenge for foreign investors, says German ambassador
A German national flag flies atop the illuminated Reichstag building in Berlin, Germany. — REUTERS By Justine Irish D. Tabile, Reporter BUREAUCRATIC RED TAPE and foreign ownership restrictions remain some of the challenges facing foreign investors in the Philippines, Germany’s ambassador to the Philippine said on Tuesday. German Ambassador to […]
More yellow alerts expected in Luzon grid by mid-May
The Luzon grid was placed on red and yellow alerts on Tuesday. — PHILIPPINE STAR/RYAN BALDEMOR By Sheldeen Joy Talavera and Ashley Erika O. Jose, Reporters THE LUZON and Visayas grids were placed on red and yellow alerts on Tuesday after several power plants went on forced outage. The Institute […]
Tackling late payment by getting back to basics
<?xml encoding=”utf-8″ ?????????> Philip King FCICM, former Small Business Commissioner and advisor to PKF Littlejohn Advisory, believes a ‘back to basics’ approach would help many businesses overcome the late-payment challenge. It is an established fact that companies often become insolvent not because they are inherently bad businesses, but simply because they […]
DoubleDragon says net income soars 23.3% to P15.93 billion
SIA and Caktiong-led property developer DoubleDragon Corp. (DD) saw a 23.3% increase in its 2023 net income to P15.93 billion, attributed to higher revenue. The company’s revenue improved by 75% to P24.74 billion in 2023 from P14.13 billion in 2022, DD said in a regulatory filing on Tuesday. As of […]
Villar-led Vista Land says profit climbs 39% to P10.3 billion
VILLAR-LED property developer Vista Land & Lifescapes, Inc. saw a 39% increase in its net income to P10.3 billion in 2023, led by higher revenues and new project launches. Vista Land’s consolidated revenue increased by 18% to P35.2 billion, the company said in a statement on Tuesday. Real estate revenue […]
Alliance Global’s income reaches P19.6 billion
ALLIANCEGLOBALINC.COM TAN-LED holding company Alliance Global Group, Inc. (AGI) said it saw a 21% increase in its attributable net profit to P19.6 billion last year, driven by better performances across its businesses. Consolidated revenues reached “an unprecedented level” of P211.2 billion in 2023, up by 15% from P183.6 billion in […]
GSIS acquires 8.18% stake in Robinsons Land’s REIT
GSIS FACEBOOK PAGE THE government Service Insurance System (GSIS) has acquired an 8.18% stake in the real estate investment trust (REIT) of Gokongwei-led Robinsons Land Corp. (RLC) as the government agency bolsters its investment portfolio. GSIS now owns 877.43 million common shares of RL Commercial REIT, Inc. (RCR), equivalent to […]