SMC plans to build 5-6 new breweries
DIVERSIFIED conglomerate San Miguel Corp. (SMC) is planning to put up five to six new breweries worth around $250 million each in the country, in a bid to bring down logistics costs and boost profitability for the beer business.
CPG targets double-digit profit growth this year
CENTURY Properties Group, Inc. (CPG) expects to see double-digit growth in net income this year, banking on its diversification into the affordable and leisure segments.
Now Corp. inks MoU with TransCo for use of fiber assets
NOW CORP. on Thursday announced it signed a memorandum of understanding (MoU) with the National Transmission Corp. (TransCo) for the use of the latter’s fiber and microwave assets for the establishment of a nationwide fixed broadband network.
TUCP files P320 wage hike petition for Metro Manila
THE Trade Union Congress of the Philippines (TUCP) filed a petition with the National Capital Region (NCR) Regional Wages and Productivity Board for a P320 across-the-board wage increase for workers in the private sector.
W. Visayas wage hike to be delayed in Boracay, rest of Aklan
ILOILO CITY -- The wage increase ordered for the Western Visayas region, or Region VI, will be implemented at a later date in Aklan province in consideration of the temporary closure of the resort island of Boracay.
BPI looks to ramp up digitalization efforts
BANK OF THE Philippine Islands (BPI) is ramping up efforts to digitize its processes and services to support rapid growth and promote financial inclusion.
Electronics industry expects to hit $50-B export level by 2030
THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said its industry road map sets a 6% annual export growth target which will help it achieve its $50 billion target for export sales by 2030.
PSE’s terms for PDS sale keep changing, Finance dep’t complains
THE GOVERNMENT said the Philippine Stock Exchange (PSE) is imposing constantly changing conditions for signing the agreement to sell its 20% stake in the Philippine Dealing System (PDS), a fixed-income exchange, thereby slowing the deal’s completion.
No letup for bitcoin as biggest cryptocurrency extends collapse
Bitcoin extended losses, bringing its four-session slide to as much as 20%, as questions mount about whether the world’s biggest cryptocurrency was manipulated during...
US Federal Reserve raises key interest rate to 1.75-2%
Washington -- The US Federal Reserve raised the benchmark lending rate on Wednesday, the second increase of the year, and signaled two more hikes...
Central bank faces ‘complex’ policy environment
THE MONETARY BOARD (MB) is gearing up for an earlier rate-setting meeting next week as it faces a “fairly complex” mix of faster inflation, a weakening peso and robust economic growth.
Asia central banks juggling risks find solace in food
ASIAN central bankers grappling with wobbly markets, higher energy costs and simmering trade tensions are getting relief from an old foe: food prices.