Alfonso Louis Chusuey talks about the growth of the Henann Group of Resorts and the possible closure of Boracay.
Chatri Sityodtong’s warrior spirit. http://www.youtube.com/watch?v=2zifpSxj9XA WORDS SANTIAGO J. ARNAIZ | PHOTOGRAPHY KAI HUANG Chatri Sityodtong begins, as he often does, with a story. It’s something he picked up from a mentor he had in his youth, training in the art of Muay Thai back in...
Janina Dizon Hoschka on her mother’s legacy and keeping balance in her life. WORDS ZSARLENE B. CHUA Janina Dizon Hoschka, who, at first, resisted being a jeweler, finds herself celebrating her 10th year in the business with a 200-piece collection that...
Cirilo F. Bautista, National Artist for Literature. Art and War When I look at abstract art and think of the dead in the war in Iraq, things even out considerably, even if the firework is heavy on this or that side. They seem to...
José María V. Zaragoza, National Artist for Architecture. Words Augusto Villalón | Photos Chippy Rivera José María V. Zaragoza, an almost forgotten icon in the development of truly Philippine architecture, totally deserves the distinction of finally being conferred as National Artist...
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These poems, first published here, will be collected in a future anthology.
REMITTANCES plunged by 19% in May as overseas Filipino workers (OFWs) face salary cuts and layoffs as the coronavirus disease 2019 (COVID-19) pandemic continues to ravage economies around the world.
FACTORY ACTIVITY dropped for a fifth straight month in July, as manufacturing firms reported weaker production and demand despite relaxed lockdown restrictions. Read the full story.
FACTORY ACTIVITY dropped for a fifth straight month in July, as manufacturing firms reported weaker production and demand despite relaxed lockdown restrictions.
LOCAL agricultural production likely contracted, albeit at a slower pace, in the second quarter, as the strict lockdown affected the employment of farm workers and prevented them from transporting their harvest, economists said.
THE imposition of a stricter lockdown in Metro Manila and key cities for the next two weeks will likely delay the country’s economic recovery, as many businesses face operational disruptions once again due to the lack of public transportation and other restrictions.
EARNINGS of SM Prime Holdings, Inc. dropped 46% to P10.4 billion in the first half of 2020, due to some P11 billion in waived rent and rental discounts to mall tenants during the coronavirus-related lockdown.
THE EDUCATION UNIT of Phinma Corp. has invested P449 million to buy a controlling stake in a Laguna-based college to beef up its portfolio.
A COURT approved the deal signed between a hydropower unit of Aboitiz Power Corp. and an Ilocos Sur town seeking a compromise over a property tax issue.
By Denise A. Valdez, Senior Reporter THE DEMAND for office space in the country dropped 74% in the first six months of 2020 as Philippine Offshore Gaming Operators (POGOs) began their exodus amid the coronavirus pandemic. In a recent report by...
CEBU LANDMASTERS, INC. (CLI) has kept its credit rating by a local debt watcher for its outstanding P5-billion bonds issued in 2018.
THE IMPLEMENTATION of flexible working arrangements compelled companies to rationalize their office space requirements by looking at areas outside business districts, according to Colliers International Philippines.
PHOENIX Petroleum Philippines, Inc. is set to offer up to P3.5 billion of commercial papers under a new debt financing program.
EARLY ON in the pandemic, reports of the death of the office appeared greatly exaggerated. But as COVID-19 (coronavirus disease 2019) lingers, and second infection spikes dot the global map, something is changing in how employees and employers view the workplace: It’s being seen as an option rather than a necessity for many white-collar workers.
MANUEL V PANGILINAN-LED PXP Energy Corp. suffered a P44.4-million attributable net loss in the first semester as it also recorded losses in oil earnings and impairment of the Galoc oil field in Palawan.
PHIRST PARK HOMES, INC. (PPHI) is expanding in Pampanga, after it bought a 10-hectare property in Magalang.
GLOBAL-ESTATE RESORTS, Inc. (GERI), the listed subsidiary of Megaworld Corp., posted a 23% drop in attributable profits to P296.84 million for the second quarter, as its hotels were closed during the pandemic-induced quarantine starting in mid-March.
ABS-CBN’s failure to renew its broadcast franchise may have stopped it from showing its programs on free TV but it didn’t stop the embattled network from airing its programs online, doubling down on its online presence via Facebook and YouTube.
ROBINSONS MALLS introduced a virtual mall directory where customers can get updates on operating hours, sale promotions and contact information of stores.
IN JUNE, streaming service Netflix introduced five Filipino films to its slate including critically acclaimed films such as 2016’s Pamilya Ordinaryo (Ordinary People) and Untrue (2019). This August the service is adding 15 more films to its content library, mostly romantic films such as Love the Way U Lie and Write About Love.
MAYNILAD Water Services, Inc. is targeting to add at least 14,000 customers to the sewerage system this year as it installs around 2,000 new sewer service connections in Manila.
BONIFACIO GLOBAL CITY (BGC) is rolling out new services to help locators resume operations safely.
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as the market’s flight to safety pulled yields lower across-the-board.
PHILEX MINING CORP. posted an attributable first-half income of P424.55 million, up 8.5% from a year ago due favorable gold prices and sustained momentum in its business operations since the third quarter of last year.
IN THE late 1940s until the 1960s, drive-in cinemas abounded in the US as more and more people were able to buy vehicles. Decades later, the proliferation of TV, cable, and video rentals signaled the decline of these cinemas. Now, with the pandemic making going out to the movies a health and safety risk, SM Cinemas is trying to bring back drive-in cinemas as a “fun and safe movie watching” option, according to a cinema executive.
M Lhuillier Financial Services Inc. is one of the leading non-bank financial institutions in the Philippines with a network of over 2,500 branches. Known primarily for its trusted remittance and quick cash loan services, the company is set to...
METROPOLITAN BANK & Trust Co. (Metrobank) booked a lower net income in the second quarter as it continued to boost its loan loss provisions amid the pandemic.
SAIL RESIDENCES is the latest luxury condominium by SM Development Corp. (SMDC), offering a “mix of modern convenience, secure surroundings and resort-style living.”
ABOITIZ UNIT Lima Water Corp. (LWC) has recently received accreditation from the Department of Environment and Natural Resources (DENR) as an environmental testing laboratory for its laboratory services unit in its facility in Batangas.
EVEN AS the Netflix show Indian Matchmaking has grown into a global hit, it’s incensed many Indians. The issue isn’t that most couples don’t go for goat yoga on their first date. Critics accuse the show of stereotyping and commodifying women, lacking diversity, and promoting a backwards vision of marriage where astrologers and meddling parents are more influential than the preferences of brides and grooms.
Here’s a quick glance at how PSEi stocks fared on Monday, August 3, 2020.
PHILIPPINE SHARES declined on Monday as investors went on a selling spree following the sudden implementation of stricter quarantine measures in Metro Manila and other urban provinces.
THE PESO logged a fresh three-year high versus the dollar following the US economy’s contraction in the second quarter.
DOMESTIC flights to and from the Philippine capital will be suspended again starting Tuesday after President Rodrigo R. Duterte put back Manila and nearby cities and provinces under a strict lockdown amid a fresh surge in coronavirus infections.
FOOD STOCKS in supermarkets are expected to decline in the coming days due to increased demand after Metro Manila was placed again under a strict lockdown.
THE SENATE Committee of the Whole will proceed with its investigation of the Philippine Health Insurance Corp. (PhilHealth) on Tuesday even as the chamber put the Senate building on a two-week lockdown.
THE presidential palace on Monday announced the holidays for next year through a proclamation issued by President Rodrigo R. Duterte. A separate order declaring two other Islamic holidays and their dates would be issued later, according to the July 30 order.
Dingalan town to be developed as next ‘tuna capital’ THE TOWN of Dingalan in Aurora province is being eyed as the country’s next ‘tuna capital’ after General Santos City in Mindanao, given its strategic location and abundant fishing grounds, the...
Duterte orders local governments: Pass law that will speed up telecom tower installation PRESIDENT RODRIGO R. Duterte on Sunday directed local governments to pass within three days ordinances that will speed up the installation of telecommunication towers to improve nationwide...
THE proposed 2021 budget was increased to more than P4.5 trillion with the economic team assuming a prolonged pandemic, a Finance Department official said.
THE Senate Committee on Finance has committed to pass on time the P4.5-trillion national budget, which is expected to sustain the government’s efforts to help the economy recover from the coronavirus pandemic.
THE construction of the P10-billion New Cebu International Container Port is expected to begin in the first quarter of 2021, the Transportation department said.
THE Transportation department said it hopes to award in November the contract for the rolling stock package of the Metro Manila Subway Phase 1.