ICTSI receives third repayment from Sudan on canceled port deal
PORTS operator giant International Container Terminal Services, Inc. (ICTSI) said it recently received a third partial repayment from the Sudanese government in relation to the canceled port concession.
Fendi goes beyond clothes
A BIG bed with a beautiful textured headboard worth more than P2 million. That’s not very easy to ignore.
Balenciaga designer, CEO apologize for ad campaign featuring children
PARIS — French fashion house Balenciaga’s creative director and chief executive officer (CEO) both apologized Friday for an advertising campaign that sparked criticism on social media over accusations that it featured inappropriate imagery involving children.
Prada turns to ex-Luxottica CEO Guerra to ease succession
MILAN — Italian fashion group Prada is set to hire former Luxottica chief Andrea Guerra in a top management role to ease a transition at the helm to the next generation of the founding family, a source with knowledge of the matter said.
The Velocity Q&A: Chris Ward (President Jaguar Land Rover Philippines)
RECENTLY, Coventry Motors Corp. (CMC), the local distributor of the Jaguar and Land Rover brands, quietly unveiled the all-new Land Rover Defender 130 to a select group of media and online content creators. Two examples (both already spoken for) of the largest iteration of the storied Defender were on display.
Mini Resolute Edition now available, priced at P3.3M
MINI ASIA and British United Automobiles, Inc. recently announced the availability of the Mini 3-Door in a special Resolute Edition. Mini describes the Resolute Edition as “(combining) a thrilling drive with an unconventional appeal that is attractive to different target groups, characterized by its hallmark design and modern premium character… (with) extended functionality.”
Farmers reject proposal to extend low-tariff scheme for food imports
THE Federation of Free Farmers (FFF) said the government should not extend Executive Order (EO) No. 171, which temporarily lowered tariffs on food imports, and instead address the domestic production side of boosting the food supply.
Mitsubishi Ralliart takes trophy in Asia Cross Country Rally debut
TEAM MITSUBISHI RALLIART, with technical support from Mitsubishi Motors, recently won the Asia Cross Country Rally (AXCR) 2022 competition that ran from Nov. 21 to 26 in Thailand and Cambodia.
Rates of Treasury bills, bonds to move sideways ahead of CPI
RATES of government securities on offer this week could move sideways ahead of the release of November inflation data.
World food prices ease further in Nov., says FAO
PARIS — The United Nations (UN) food agency’s world price index fell marginally in November, marking an eighth straight monthly fall since a record high in March after Russia’s invasion of Ukraine.
Global central banks extend rate hike push in Nov.
LONDON — The pace and scale of rate hikes delivered by central banks in November picked up speed again as policy makers around the globe battle decade high inflation.
Argentine exchange says early soy in core farm belt hit by drought
BUENOS AIRES — Prolonged drought has left over a third of early planted soybeans in Argentina’s core farming region in regular to poor condition, the Rosario grains exchange said, adding more dry and hot weather was expected in the days ahead.