Lucio “Bong” Tan Jr., the newly appointed President of PAL Holdings, Inc. and the son of taipan Lucio Tan, passed away on Monday at the age of 53 after being hospitalized when he fell unconscious during a basketball game last Saturday.
If the forecast of the US Department of Agriculture (USDA) is right, the Philippines is poised to become the world’s largest rice importer this year, beating China, the world's most populous country with a population of around 1.4 billion.
John Gokongwei Jr., who started his business empire selling thread, soap, and candles in Cebu, died peacefully Saturday evening “surrounded by loved ones.” He was 93.
The Philippine economy rebounded beyond expectations in the third quarter amid robust public spending that gave the Duterte administration better chances of hitting its growth target for the year despite the drag caused by budget delay.
