A store employee arranges packs of sugar at a supermarket in Quezon City, Oct. 16, 2022. — PHILIPPINE STAR/MIGUEL DE GUZMAN THE MARCOS administration’s plan to revive the Philippine Sugar Corp. (PHILSUCOR) has raised concerns from stakeholders, who said this may duplicate other agencies’ existing programs for sugar farmers. President […]

REUTERS THE DEPARTMENT of Energy (DoE) is adopting a whole-of-government approach to expedite the processing of permits and requirements for offshore wind (OSW) energy projects. The DoE issued the implementing rules and regulations (IRR) for Executive Order (EO) 21, which establishes the policy for OSW development. Energy Secretary Raphael P.M. […]

REUTERS By Justine Irish D. Tabile, Reporter THE Ayala group and the local unit of a Singapore-based service provider plan to build a 124-megawatt data center that they claim to be the largest in Metro Manila. In a launching event on Thursday, ST Telemedia Global Data Centres (Philippines) — a […]

ORTIGAS Land Corp. on Thursday launched its 52-storey mid-market residential tower at the Ortigas Center called Olin at Jade Drive, which it aims to complete in the next six years. “This newest development is very exciting for us as this launches our venture into the mid-market segment within the Ortigas […]

PHILIPPINE STAR/EDD GUMBAN PHILIPPINE motorcycle sales increased by 16.7% in the first three months of the year amid surging demand, said a sellers’ association, as it expects a 10% sales growth for 2023. Motorcycle Development Program Participants Association, Inc. (MDPPA) said in a statement on Thursday that the motorcycle sales […]

THE BOARD of directors of Ayala-led ACEN Corp. has approved the availing of credit facilities amounting to about P7.8 billion from two financial institutions. In a disclosure to the stock exchange on Thursday, the company said its board had approved the “execution and availment” of credit facilities with China Banking […]

MANILA WATER Co., Inc. expects its P8.2-billion Calawis water supply system project to be completed next month. In a statement on Thursday, the east zone water concessionaire said the Calawis project will provide an additional 80 million liters per day of treated water to about 919,784 population in Antipolo City […]

1 of 2 CANNES — Independent film companies facing a market upended by the entry of streaming services are showing some optimism heading into this year’s Cannes Film Festival as the Netflix era has begun flattening out and audiences start trickling back into cinemas post-pandemic. While buyers are being cautious […]

STI EDUCATION Systems Holdings, Inc. reported on Thursday that its attributable net income during the three months ending March rose 47.4% to P352.39 million from P239.09 million a year ago. In the company’s financial statement, it reported a 24.1% jump in revenues during the quarter to P982.2 million from P791.55 […]

DAVID DVORACEK-UNSPLASH THE VALUE and volume of electronic fund transfers done through PESONet and InstaPay rose as of end-April from a year ago, data from the Bangko Sentral ng Pilipinas (BSP) showed. The combined value of transactions done via the BSP’s automated clearing houses InstaPay and PESONet climbed by 30.1% […]