Business

Join us for the largest avitourism event in Asia, the Asian Bird Fair (ABF), where birdwatchers, wildlife photographers, and nature enthusiasts gather in the Philippines. Under the theme “Wetlands We Treasure for the Future,” ABF 2024 will be hosted by the Wild Bird Club of the Philippines (WBCP) on November 21 and 22, 2024 at The Tent in Las Piñas …

This was a well-run, rigorous, and transparent tender process despite what Maersk has attempted to make people believe.  ICTSI is one of the largest terminal operators in the world and is, from an EBITDA standpoint, larger than Maersk’s APM Terminals. We outbid Maersk by 100M USD and they are attempting to use a non-essential technicality to ensure that the Government of South Africa does …

Eleven years ago, Typhoon Yolanda—the super typhoon that reshaped countless lives—made landfall and changed the face of the Philippines. Tacloban City, at the heart of the storm’s devastation, bore witness to unimaginable loss and hardship. Amidst this adversity, a group of young students rose resiliently from the wreckage, guided by hope and a renewed sense of purpose. Through the SM …

Worldbex Services International (WSI) and ABS CBN Foundation Inc. shared a commitment to building dreams and shaping the future together for two decades, creating lasting positive change for our nation. Together with Bantay Bata’s vision of becoming the Philippines’ most trusted foundation, where partners work together for the common good of our nation, these two organizations are committed to create …

The Philippine Amusement and Gaming Corporation (PAGCOR) formally opened the second leg of the 2024 PAGCOR Photography Contest Exhibit on Wednesday, November 6, at The Grove at Newport Mall in Pasay City. Held in partnership with Newport World Resorts (NWR), the exhibit features the 48 grand finalists of the PAGCOR 2024 photo contest to give the public a creative glimpse …

The Philippine economy continues to show resilience and ranks among the fastest-growing in the region, even amid a moderated growth rate in the third quarter, according to National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan. The Philippine GDP grew by 5.2 percent in the third quarter, compared to 6 percent in the same period last year, bringing the year-to-date …

Philippine shares closed in the red territory and the peso dipped anew as President-elect Donald Trump secured the win in the US elections. The Philippine Stock Exchange index (PSEi) lost 2.11 percent or 150.98 points to 7,014.44 while All Shares fell by 1.97 percent to 3,891.64. “Investors grew anxious as Trump’s second-term win spurred selling on the PSEi, pushing it …

The country’s total external trade in goods went up by 3.0 percent to USD17.60 billion in September this year from USD17.09 billion in the same month last year, Philippine Statistics Authority (PSA) data showed. In a report, the PSA said that of the total external trade during the month, 64.4 percent were imported goods, while the remaining 35.6 percent were …

The Asian Development Bank (ADB) has approved nearly USD 1.7 billion in funding for the Laguna Lakeshore Road Network (LLRN) project, aimed at enhancing regional connectivity and reducing travel time between Manila and Laguna province. In a statement on Thursday, ADB announced that the funds will support the development of a 37.5-kilometer, climate-resilient expressway along Laguna Lake.  The funding will …

Year-on-year headline inflation increased to 2.3 percent in October from 1.9 percent in September. This is within the BSP’s forecast range of 2.0 – 2.8 percent for the month.  The resulting year-to-date average of 3.3 percent is also within the government’s inflation target range of 2-4 percent for the year.  On a month-on-month seasonally adjusted basis, headline inflation in October …