A woman tends to customers buying school uniforms at a market in Marikina City, Aug. 28, 2023. — PHILIPPINE STAR/WALTER BOLLOZOS MORE RESEARCH FIRMS slashed their economic growth forecasts for the Philippines this year, as they expect […]
Marcos wants rice prices to be closely monitored
Retail prices of rice have increased in recent weeks. — PHILIPPINE STAR/EDD GUMBAN PRESIDENT Ferdinand R. Marcos, Jr. on Wednesday ordered the Trade and Agriculture departments to closely monitor retail prices of rice, saying there is sufficient […]
Failure to reform military pension system may hurt PHL credit rating
PHILIPPINE STAR/EDD GUMBAN THE PHILIPPINES may lose its investment grade rating if it fails to reform the pension system for military and uniformed personnel (MUP), Finance Secretary Benjamin E. Diokno said on Wednesday. This would affect the […]
Villar proposes to handle seven stations of LRT-1 line extension
THE Villar family’s Prime Asset Ventures, Inc. (PAVI) has proposed to take over the next phase of the Light Rail Transit Line 1 (LRT-1) extension project by adding seven stations beyond the ongoing development of five stations. […]
SMIC defers REIT listing
SM PRIME Holdings, Inc. is looking to defer the market listing of its real estate investment trust (REIT) to next year due to market conditions, an official of its parent firm SM Investments Corp. (SMIC) said on […]
Globe closes P2.6-B tower deals with MIDC, Frontier
GLOBE TELECOM, Inc. has closed deals to sell 213 telecommunication towers to Frontier Tower Associates Philippines, Inc. and MIESCOR Infrastructure Development Corp. (MIDC) for around P2.6 billion. “The business of Globe is a capital-intensive one and this […]
DMCI eyes power, mine expansion
DMCI Holdings, Inc. is exploring opportunities for its core businesses, mainly its mining and power units, officials of the Consunji-led firm said on Wednesday. “We do have a strong stream of feeders for new opportunities and investment. […]
Eased vaccine rule seen to boost inbound travel
PHILSTAR AIRLINES are anticipating further growth in international travel after the Department of Health removed the vaccine certificate mandate for inbound foreign travelers starting Aug. 12. Budget carrier Cebu Pacific, operated by Cebu Air, Inc., said it […]
Fuel surcharge for airlines to rise in September
Image by Andy Choinski from Pixabay The Civil Aeronautics Board (CAB) has raised the passenger and cargo fuel surcharge rate for September, after keeping it at level 4 for three consecutive months or from June to August. […]
Meet Raging Bull Chophouse’s burger sibling
RBB KICKASS CITED in Asia’s 50 Best Discovery List, the Raging Bull Chophouse and Bar at Shangri-La at the Fort knows its steaks. You should meet their burgers. A sister brand, Raging Bull Burgers, has just opened […]