Tag: bworldonline
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FDI net inflows soar to over two-year high
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NET INFLOWS of foreign direct investment (FDI) in February soared to its highest level in over two years, data from the Philippine central bank showed. Data from the Bangko Sentral ng Pilipinas (BSP) showed that FDI net inflows climbed by 29.3% to $1.364 billion in February from $1.055 billion in…
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Possible SCTEx stake seen to strengthen MPTC’s planned IPO
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THE offer from the Pangilinan-led Metro Pacific Tollways Corp. (MPTC) to acquire the government’s stake in the Subic-Clark-Tarlac Expressway (SCTEx) may help attract more investors to the company’s planned merger with San Miguel Corp. (SMC), analysts said. “SCTEx is an attractive infrastructure asset, especially given the development in the areas…
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Subsidies to GOCCs drop by 36% in March
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SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) fell by 36.3% in March, the Bureau of the Treasury (BTr) said. Data from the BTr showed that budgetary support to GOCCs declined to P6.872 billion in March from P10.795 billion a year earlier. Month on month, subsidies dropped by 46% from…
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Cebu Landmasters eyes Cavite for expansion
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LISTED property developer Cebu Landmasters, Inc. (CLI) is considering a development venture in Cavite as it prepares for its entry into the Luzon market, its chief operating officer said. “Definitely, a lot of landowners are knocking on our doors. We need to filter this out well, but we’re eyeing a…
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Puregold’s Tindahan ni Aling Puring propels economic empowerment for Filipino MSMEs
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Amid fluctuating economic conditions faced by Filipinos, Puregold continues to fortify the foundation of local communities — sari-sari stores and food establishments. Recognizing these entrepreneurs as pivotal to the Philippine economy, Puregold’s Tindahan ni Aling Puring program offers comprehensive benefits tailored to bolster resilience and support the growth of the…
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Mother’s Day gift ideas: Upgrading your mom’s garden with outdoor furniture
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Nurturing, caring, and loving are words we associate with our mom, mama, mommy, or nanay. Our mother’s unconditional love has always been our anchor in life, and we thrive thanks to their fostering heart and unwavering support. So, this Mother’s Day, let us give back to our mothers by supporting…
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Treat Yourself 2024: Welcome to the self-care movement
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As SM Supermarket and Savemore Market’s Treat Yourself enters its 4th year, it continues to redefine shopping experiences as more than just an event; it’s a movement advocating self-care and indulgence, fostering a culture of fun and wellness. For until the end of May, shoppers are invited to embark on…
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Metro Manila’s construction material retail price growth quickens in April
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RETAIL PRICE growth of construction materials in the National Capital Region (NCR) accelerated to three-month high in April, the Philippine Statistics Authority (PSA) reported on Friday. According to preliminary data from the PSA, the construction materials retail price index (CMRPI) in April grew by 1.2%. This was twice faster than…
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Sofitel Philippine Plaza Manila to shut down for good in July
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Sofitel Philippine Plaza Manila will cease operations starting July 1, according to the hospitality group Accor. “The hotel has announced that it will close and cease operations starting July 1, 2024,” Accor told BusinessWorld in a Viber message on Friday. “This decision comes as part of our ongoing commitment to…
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Yee leads Likha Collab: An all-Filipino natural marketplace launch
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Pioneering a new era of conscious consumerism, Pinky T. Yee, the visionary behind Pure Essentials Specialist Corp. (PESC), introduced Likha Collab to the public sphere in celebration of Earth Day. This breakthrough e-commerce marketplace is designed to collaborate with Filipino micro, small, and medium-sized enterprises (MSME’s) in showcasing their products…