Jollibee Foods Corporation, one of the largest Asian food service companies, is acquiring a controlling interest in the leading Chinese wellness soup brand in Taiwan through its subsidiary Milkshop International Co. Ltd. (Milksha) for P183.5 million. In a disclosure to the Philippine Stock Exchange...
The Department of Health (DOH) cautioned the public on Friday, Jan. 3, against the spread of misinformation regarding an alleged international health concern and urged everyone to rely on verified information from official channels to prevent panic and confusion. (DOH / MANILA BULLETIN) "Please do...
The country's main gateway, Ninoy Aquino International Airport (NAIA), served 50.1 million passengers in 2024, according to its operator, New NAIA Infrastructure Corp. (NNIC). In a statement on Thursday, Jan. 2, the company said the figure was 10.4 percent higher than the 45 million passengers...
LOS ANGELES (AP) — The Federal Aviation Administration has launched an investigation after a private jet carrying the Gonzaga University men’s basketball team nearly crossed a runway as another flight was taking off Friday at Los Angeles International Airport. The plane operated by Key Lime Air...
The Philippines stands to benefit from recent regional investments made by the International Finance Corp. (IFC) to help struggling small and medium businesses. Documents showed that the board of the World Bank Group's private-sector lending arm is scheduled to approve on Jan. 2, 2025 an up to...
The International Finance Corp. (IFC) has extended a $150-million loan package to Asialink Finance Corp. (AFC) so it can lend to small, especially women-owned, businesses in the Philippines. The Washington-based private-sector lending arm of the World Bank Group (WBG) disclosed on Dec. 26 that the...
CALAPAN CITY, Oriental Mindoro – Former Sen. Leila de Lima said she is confident that the International Criminal Court will issue warrants of arrest against former President Rodrigo Duterte and several others for alleged violation of international humanitarian law despite the creation of a...
The Ninoy Aquino International Airport (NAIA) operator is preparing for a surge in travelers this holiday season, with passenger numbers expected to exceed those recorded during Undas and the same period in 2023 due to increased travel demand. In a statement on Saturday, Dec. 21, Ramon S. Ang, New...
Razon-led International Container Terminal Services Inc. (ICTSI) is planning to invest $100 million to upgrade the Mindanao Container Terminal (MCT) after securing a 25-year extension to operate the port. In a disclosure on Friday, Dec. 20, ICTSI said that the funds will be used to enhance the...
JUMEIRAH, Abu Dhabi—There is “no doubt” that the Philippines will not only embrace smoke-free technology as an alternative to cigarette-smoking because of Filipinos’ close-knit family culture, structure, and dynamics, PMI President for Smoke-Free Inhalable Products Category and Chief...
The Washington-based Institute of International Finance (IIF) sees the Philippine economy growing below the government's goal this and next year mainly due to external developments—especially the slowing Chinese economy and forthcoming US tariffs—impacting global trade. In a Dec. 11...
The Japan International Cooperation Agency (JICA) expects more small and medium enterprises (SMEs) in the Philippines to access financing more easily through its ongoing joint credit initiative with the Bangko Sentral ng Pilipinas (BSP). JICA Philippines and the BSP on Wednesday, Dec. 11, launched...
