May, 2024

• 16 May

  Reviving Subic as a global shipyard

  

  By Rose de la Cruz From its busiest days as the fifth largest supplier of all types of ships in the world, the Subic Bay shipyard, now under the joint venture of  Korean firm HG Hyundai Heavy Industries and US venture capitalist Cerberus Capital Management, now vows to revive those glorious moments for the partners and for the country. It …

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• 16 May

  Strong Growth Characterizes Figaro Coffee Group’s Performance in 2023 

  

  The Figaro Coffee Group (FCG), a leader in the Philippine food and beverage sector, proudly unveiled its financial results for its fiscal third quarter ending March 2024.  For the quarter ending March 2024, FCG reported revenues of PHP 1.3 billion, up 27% from same quarter last year. Net income after tax for the quarter registered at PHP 105 million, up …

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• 16 May

  Highlands Coffee Opens New Branch in NAIA T2

  

  In order to provide travelers with a delicious caffeine kick, Highlands Coffee recently opened its newest branch at the Ninoy Aquino International Airport (NAIA) – Terminal 2 North Departure area. The well-loved coffee chain is best known for their signature brew, the Phin Sua Da, a traditional Vietnamese iced coffee blend that is delicately sweetened with condensed milk. Highlands Coffee …

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• 14 May

  Strong domestic demand lifts Bloomberry slot revenue 24% higher

  

  Lower VIP and mass table revenue drags net income down 11% YoY to P2.6 billion Bloomberry Resorts Corporation (“Bloomberry”, “the Company”), whose subsidiaries own and operate Solaire Resort Entertainment City (Solaire) and Jeju Sun Hotel & Casino (Jeju Sun), reported unaudited consolidated financial results for the three months ended March 31, 2024.  Enrique K. Razon Jr., Bloomberry Chairman and CEO, …

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• 14 May

  Avoid haste in RTL

  

  By Rose de la Cruz Economists are asking the House not to rush the amendments to the Rice Tariffication Law and the charter of the National Food Authority and instead study the numerous hearings conducted by the upper chamber on this issue. This in order to not further the complications involving the rice supply and pricing situation just to please …

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• 14 May

  GSIS sets aside P1.7B in emergency loans to assist members, pensioners in 13 areas nationwide affected by rabies, El Niño

  

  The Government Service Insurance System (GSIS) has allocated P1.7 billion in emergency loans to provide assistance to its members and pensioners affected by rabies and El Niño in 13 areas nationwide. Over 77,000 affected members and old-age and disability pensioners are expected to benefit from the program. Members and pensioners with an existing emergency loan balance may  borrow up to …

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• 14 May

  Use of solar energy compatible with food production

  

  The massive use of solar panels to capture solar energy in industrial and residential places, once realized, will definitely help in our quest for food security. This was discussed, among other subjects on solar energy, by esteemed industrial development expert Dominador Maglaqui Jr., popularly known as Tito Maglaqui, during a regular forum with the Capampangan in Media Inc (CAMI) here …

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• 14 May

  Has ARTA complicated things more?

  

  By Rose de la Cruz The creation of an Anti Red Tape Authority on May 28, 2018 is perceived to have complicated, instead of simplified, the processing of business permits and projects in the country. Right now, German and Filipino investors have said red tape (and the inconstancy of policies) is still their foremost concern– particularly for companies that have …

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• 14 May

  ICTSI to invest in new Southern Luzon gateway

  

  International Container Terminal Services Inc. (ICTSI) is building a new international container terminal in Bauan, Batangas, Philippines. The new terminal will be the largest privately-funded marine terminal investment in the country’s history and will ultimately be the second-largest container facility after the Manila International Container Terminal (MICT) in the Port of Manila. With design and engineering studies well underway, ICTSI …

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• 14 May

  Suzuki Exciting Excapade XL7 Hybrid

  

  Going out of town should be a very enjoying experience for the family and it starts with the journey to your destination. A good ride for all, to and from your planned vacation venue, starts the ball rolling. And in choosing one good vehicle to use, I would recommend this new Suzuki XL7 Hybrid which the company boasts as “an …

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