CORPORATE

First Gen allots $550M for 2022 capex

LOPEZ-LED First Gen Corp. has allocated $550 million, or around P29 billion, for capital spending this year, with its renewable energy subsidiary cornering nearly half of the budget followed by its liquefied natural gas (LNG) terminal project.

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Marcos seen having free hand to pursue Constitutional reforms

LEADING presidential vote-getter Ferdinand R. Marcos, Jr. has no political debts that would tie his hands in pursuing Constitutional reforms, with a reversal of the current government’s policy direction seen as only the “worst-case scenario,” the Foundation for Economic Freedom (FEF) said.

STOCK MARKET

THE MAIN INDEX surged on Wednesday as investors bought shares ahead of the Bangko Sentral ng Pilipinas (BSP) policy meeting on Thursday, where analysts expect a rate hike to combat inflation.

BANKING AND FINANCE

Yields on term deposits climb as market anticipates BSP hike

YIELDS on the term deposits of the Bangko Sentral ng Pilipinas (BSP) inched higher on Wednesday as investors expect the regulator to start increasing benchmark rates due to inflation risks.
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THE NATION

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OPINION

Making the case against bad profits via shrinkflation and the case...

IN MANY PARTS of the world, inflation is climbing quickly, including in the US,...

INFOGRAPHICS

HEALTH

SPOTLIGHT

Pag-IBIG Fund finances 5,411 homes for low-wage earners in January-April 2022

Pag-IBIG Fund has financed 5,411 socialized homes for minimum-wage and low-income members in the first four months of 2022, its top executives said today. Socialized...

SPECIAL FEATURES

Redefining business continuity in a post-COVID world

Disruption has been the name of the game in business since the turn of the millennium. Years of disruption due to technology have culminated...

SPECIAL REPORTS

Energy sector in transition: A rebalancing act

COAL-FIRED power plant companies in the Philippines have, in recent months, declared plans to rebalance their portfolio into one that has a growing share of renewables in the mix.
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ARTS & LEISURE

Okada Manila receives five-star award, soon to open new Filipino buffet

FOR the third straight year, Okada Manila was awarded the Five-Star Award by the Forbes Travel Guide (FTG).

VELOCITY

Porsche Macan GTS: This high-stepping sport ute sees red

ROME, ITALY: I won’t attempt to even fathom what the Porsche purists might have in their beating Stuttgart hearts, but I’d like to think that they’ve softened up by now about their favorite brand conjuring up sport utility vehicles (yes two, in fact). If you consider that these utes have basically saved the brand from the unforgiving abyss of bankruptcy, well, what’s not to like?

SPORTS

Gilas Women defeat Thailand, 97-81, for its second win in row

HANOI — Heroines came in abandon as the Philippine women’s squad whipped rival Thailand 97-81, on Wednesday for its second straight win in women’s basketball of the 31st Southeast Asian (SEA) Games at the Thanh Tri Gymnasium.

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