SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, is subjecting its P80-billion capital expenditure budget for 2021 to a quarterly review. During the firm’s annual stockholders’ meeting, SM Prime President Jeffrey Lim said the regular review was...
SM Investments Corporation (SMIC) has joined a business group of dedicated global sustainability champions through the 50 Sustainability & Climate Leaders campaign with a focus on responding to climate change. This makes SMIC the only Filipino company to join the campaign among countries like...
Meat prices continued to rise despite the recent 150 percent surge in pork import volume, casting doubt on the government’s recent move to bring down tariffs on imported pork. A customer pays for pork at a roadside market stall in Mandaluyong City, Manila, the Philippines. (Bloomberg file) “The...
Philippine industry leaders called on the private sector to take the lead in the country’s digital transformation to ensure safe and sustainable economic recovery. During a virtual roundtable discussion organized by the Stratbase ADR Institute on “The Private Sector as a reliable partner to the...
Negotiations between the Philippines government and Maynilad Water Services Inc. regarding the latter's new water concession agreement (CA) with Metropolitan Waterworks and Sewerage System (MWSS) have already started. This is more than two weeks since the Philippines government released the new CA...
Local stocks dropped as investors preferred to hold on to cash during the weekend. The main index lost 45.15 points or 0.69 percent to close at 6,494.81 with the Property sector leading the retreat while the Mining and Oil counter advancing the most. Volume remained low with 6.77 billion shares...
75 YEARS OF PH-US RELATIONS The US government has committed to continue extending economic assistance to the its ally the Philippines in the form of grants for infrastructure projects, investment insurance coverage, technical and sustainability assistance as both countries marked their 75...
The Philippine government has already finalized the updated Financial and Technical Assistance Agreement (FTAA) with Australian-Canadian miner OceanaGold Corporation (OceanaGold) nearly two years since the major mining deal expired. MGB Director Wilfredo Moncano (Photo credit:...
The Office of the President (OP) was urged to cancel the ‘stay order’ issued on mining companies with pending suspension and closure orders. This as such move will not do anything for the Philippine economy. “We demand that the Office of the President immediately cancels this ‘Stay...
Cebu-based retailer Metro Retail Stores Group, Inc. (MRSGI) suffered a net loss of P449.6 million last year from the net income of P775.6 million recorded for 2019. In a disclosure to the Philippine Stock Exchange, the firm said the decline was due to a pandemic-driven 15.0 percent decrease in net...
"All Out Sunday" host Julie Anne San Jose was quick to respond to fellow actress Gab Pangilinan's tweet pertaining to the President's recent two-week absence. Julie Gab said: "Ano ka??? Toxic Jowa???" Julie responded: "Ghoster amp." She added, "*left the group* cos golf muna." Gab and Julie's...
OF TREES AND FOREST Former Senate President Manny Villar I applaud the decision of President Rodrigo Duterte to allow the private sector to import COVID-19 vaccines “at will”. “No matter the price or how many they want to import, that is fine with me,” the President was quoted as saying...
