A loan scheduled to be greenlit by the World Bank in October is aiming to improve water supply and sanitation in three Philippine islands. In a June 5 project information document, the Washington-based multilateral lender said its upcoming $275.38-million—or over ₱15-billion—financing for the...
A $600-million (over ₱33-billion) loan scheduled to be greenlit by the Washington-based World Bank in December is aiming to not only help sustain robust economic expansion in the Philippines but also ensure that Filipino workers are ready to reap growth-induced employment. In a June 2 program...
The advertising industry will be the clear winner when more casino operators try to jump on the online gaming bandwagon since these new players will have to spend billions of pesos monthly just to get a foot into the market and take some market share away from the first movers. Unicapital...
Tep, Jai, EL and Astro of the P-pop group ONX have been taking their passion for music seriously since their launch last year. (bawal magpahinga sa gigs or else papaluin sa behind!) The Boys and their manager Paolo Valconcha are happy with the support they are getting, especially from the group...
As it celebrates its 70th anniversary, the Filinvest Group once again solidified its continued commitment to inclusive, purpose-driven developments with its real estate companies’ strong showing at the 2025 FIABCI Philippines Property and Real Estate Excellence Awards. Its real estate companies,...
ZAMBOANGA CITY – Authorities arrested a notorious Abu Sayyaf Group member in this city on Saturday, May 31. Police identified the suspect as Isnaji Jundam Hasim, 34. Hasim was allegedly a supporter of ASG leader Ibni Acosta. Hasim was accused of involvement in several high-profile abductions and...
The World Bank Group (WBG) has imposed a 4.5-year debarment on L.S.D. Construction & Supplies, a construction firm in the Philippines, for “collusive, fraudulent, and corrupt practices” linked to the Philippine rural development project (PRDP). In a May 28 statement posted on its website, the...
Senate President Pro Tempore Jinggoy Ejercito Estrada on Friday, May 30 rejected China’s claim of sovereignty over Spratly Islands saying it has no basis in making such declaration. “Sandy Cay, also known as Pag-asa Cay 2, and the nearby Pag-asa Island are part of the Kalayaan Group of...
The Philippines is scheduled to borrow a total of $7.85 billion, or over ₱437 billion, from the Washington-based World Bank in the next two years under their new six-year lending program aimed at supporting the climb to upper-middle-income country (UMIC) status. The country partnership framework...
US-basaed Capital Group Companies Inc. (CGC), one of the world’s largest investment management firms with over $2.6 trillion in assets, reported that it now has accumulated a 5.052 percent stake in the Gokongwei Group’s Universal Robina Corporation afte. In a disclosure to the Philippine Stock...
DoubleDragon Corporation’s Hotel101 Global (Hotel101) has teamed up with Horizon Group for a major expansion in the Kingdom of Saudi Arabia with plans to develop up to 10,000 hotel rooms worth $2.5 billion. In a disclosure to the Philippine Stock Exchange, DoubleDragon said Hotel101 has signed a...
Logistics solutions provider Airspeed is projecting a 10 percent decline in its export service this year, as prospective buyers of Philippine products are holding off their orders ahead of the reimplementation of the United States’ (US) tariff policy. Airspeed Group President Rosemarie Rafael...
