Banks’ NPL ratio inches up to 3.28% in January
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PHILIPPINE STAR/ KRIZ JOHN ROSALES By Keisha B. Ta-asan, Reporter SOURED LOANS held by banks increased for the first time in 10…
Meralco to implement staggered hike in generation charges
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Linemen of Manila Electric Co. fix electric posts in Tondo, Manila in this file photo. — PHILIPPINE STAR/ RUSSELL PALMA THE ENERGY…
House approves rightsizing bill on 2nd reading
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PHILSTAR FILE PHOTO THE HOUSE of Representatives on Wednesday approved on second reading a bill seeking to rightsize the bureaucracy to improve…
Global investors contemplate fallout from US rates reaching 6%
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ALL OF A SUDDEN, the prospect of US rates hitting 6% is becoming real enough for investors to rethink their strategies. BlackRock,…
MPIC income up 15% as toll traffic, power use rise
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By Justine Irish D. Tabile, Reporter METRO Pacific Investments Corp. (MPIC) reported a 15% jump in its consolidated core net income to…
SMC unit posts 10% profit rise as beer sales jump
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SAN MIGUEL Food and Beverage, Inc. (SMFB) posted a 10% increase in consolidated net income to P34.7 billion in 2022 as sales…
Megaworld township to house commuter railway station
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MEGAWORLD Corp.’s township project is set to house a commuter railway station, a company official said on Tuesday, as the development of…
AREIT sets P22.5-B property-for-share swap with Ayala Land
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AYALA-LED real estate investment trust company AREIT, Inc. has secured approval from its board of directors for its multibillion property-for-share swap with…
AbaCore partners with Chinese company to build Batangas resort
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ABACORE Capital Holdings, Inc. has partnered with Chinese property developer Shanlin Real Estate Co. Ltd. for a P1.5-billion resort project in Batangas,…
Cool business advice from the man behind an ice cream brand
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1 of 2 THINGS that helped Francisco “Paco” Magsaysay stay in the ice cream business include courage and a certain persistence (dedicating…