NEW YORK – US prosecutors in Manhattan unveiled criminal charges against a Nigerian fintech businessman who recently bid unsuccessfully for an English Premier League soccer club, saying he lied to investors about the finances of his companies. Odogwu Banye […]
US FDA approvals bounce back in 2023, sparking hopes of a biotech recovery
TOWFIQU BARBHUIYA-UNSPLASH The US Food and Drug Administration approved nearly 50% more novel drugs in 2023 than in 2022, putting it back on pace with historical levels, an improvement analysts and investors said could lead to increased […]
Airlines urge US to do more to address flight delays
YOUSEF ALFUHIGI-UNSPLASH WASHINGTON – A group representing major passenger airlines on Friday urged US transportation officials to do more to address the impact of private planes and air traffic controller staffing shortages on holiday flight delays and cancellations. Airlines […]
Five dead after JAL airliner crashes into quake aid plane at Tokyo airport
TOKYO – All 379 people aboard a Japan Airlines (JAL) plane escaped the burning airliner after a collision with a Coast Guard aircraft at Tokyo’s Haneda airport that killed five of six crew on the smaller craft on Tuesday. […]
Factory activity growth slows in Dec.
Workers are seen at a manufacturing facility in Santa Rosa, Laguna. — PHILIPPINE STAR KRIZ JOHN ROSALES By Keisha B. Ta-asan, Reporter FACTORY ACTIVITY in the Philippines expanded at a slower pace in December, reflecting modest growth […]
Becoming a manufacturing powerhouse remains a pipe dream for Philippines
A WORKER is seen at a semiconductor manufacturing plant in Manila, Dec. 10, 2008. — REUTERS By Kyle Aristophere T. Atienza, Reporter LILY G. TERRENIO was 19 years old when she became a factory worker at Amertron, Inc. inside the Clark Freeport Zone north of the Philippine capital in 1988. […]
Banks continue to miss 10% lending quota for MSMEs
BANK LENDING to small businesses continued to fall short of the mandated quota of 10% of their total loan portfolio. — PHILIPPINE STAR/ MICHAEL VARCAS PHILIPPINE BANKS failed to meet the mandated quota for small business loans […]
Philippines yet to fulfill some action plans to exit from FATF ‘gray list’
President Ferdinand R. Marcos Jr. presides over a meeting discussing the status of the Philippines in the Financial Action Task Force’s (FATF) “gray list” at Malacanan Palace, Jan. 2. — YUMMIE DINGDING/PPA POOL THE PHILIPPINES has yet […]
Jollibee boosts Tim Ho Wan capital by S$100M
FACEBOOK/TIMHOWANPH JOLLIBEE Foods Corp. has increased its capital commitment to Titan Dining LP, the private equity fund that owns the Tim Ho Wan brand and stores, to S$414 million ($313.2 million) to fund its expansion. In a […]
Eleven-month corporate registration tops 2022 level
SEC.GOV.PH THE number of companies that registered in the Philippines had surpassed the 2022 level as of end-November, led by domestic stock corporations, according to the Securities and Exchange Commission (SEC). In a statement on Tuesday, the […]