Domestic lenders demanded higher lending rates from the government through the sale of long-dated debt papers, but the government rejected the bids after deeming the rates too expensive while demand remained subdued. During the latest treasury bond (T-bond) auction on Tuesday, July 14, the Bureau...
CEBU CITY — SM Prime Holdings Inc. is setting its sights on top-tier global talent, including Grammy-winning Filipino-American artist Bruno Mars, to anchor the lineup at its newly opened SM Seaside Cebu Arena, according to the company’s top leadership. The Sy family-led property giant aims to...
“Uncertainty is no longer the exception. It has become part of the environment in which businesses operate every day.” This unwavering view, expressed by Reyes Tacandong & Co. Managing Partner Protacio “Cocoy” T. Tacandong at the opening of the Governance Forum on Wednesday, jolted me. It...
Buying a home is one of the biggest financial decisions a person can make, often requiring years of planning, saving, and comparing different options. Beyond location, design, and price, many buyers also look for benefits that make the purchase more worthwhile. With this in mind, SM Development...
Seth Rogen gave Olivia Wilde a note at the end of the shoot for "The Invite." In it, he wrote, "I love screaming at you." It wasn 't some toxic jab from a volatile actor to his director and co-star after a difficult shoot; they really have found a kind of magic in screaming at each other on...
East West Banking Corp. (EastWest Bank) Chairman Jonathan T. Gotianun is taking advantage of a dip in the bank’s stock price to near its lowest level this year to increase his stake in the lender. Based on the bank’s disclosure to the Philippine Stock Exchange (PSE) on Thursday, July 2,...
Po-led food and beverage producer Century Pacific Foods Inc. (CNPF) expects to post double-digit growth in both sales and profits this year despite challenges stemming from the conflict in the Middle East. “It’s been a quite challenging second quarter, but we are still seeing double-digit...
Lucio Co-led Philippine Bank of Communications (PBCom) named veteran financial executive John Cary L. Ong as its president and chief executive officer-designate, weeks after his departure from Security Bank Corp. Ong will formally assume the top executive roles following a minimum three-month...
Shakey’s Pizza Asia Ventures, Inc. (SPAVI), the Po family’s restaurant and kiosk operator, is not letting a good crisis go to waste as the company is treating the current environment as a stress test to streamline operations—including closing underperforming stores—to prepare for growth...
Megaworld Corp., one of the largest township developers in the country, is optimizing its capital expenditures and pacing new residential launches for the year, adopting a calibrated strategy to maintain agility and resilience amid shifting macroeconomic environment. Kevin L. Tan, Megaworld...
Top township developer Megaworld Corp. generated ₱28 billion in revenue from lot sales in its horizontal residential developments, capitalizing on the wave of domestic demand for gated communities outside traditional high-rise condominiums. In a statement, Megaworld reported that the revenue...
China Bank Savings Inc., the thrift retail banking arm of Sy-led China Banking Corp., plans to push forward with its brick-and-mortar expansion, leaning on wider consumer margins to buffer against persistent inflation and elevated global interest rates. James Christian Dee, CBS president, said the...
