June 1, 2023
Manufacturing activity expands in May
A worker uses a microscope at an electronics manufacturing assembly plant in Biñan, Laguna, April 20, 2016. — REUTERS MANUFACTURING ACTIVITY in the Philippines further expanded in May as new orders and production grew at a faster clip, S&P Global said. The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) rose to 52.2 in May […]
June 1, 2023
Economists still skeptical about Maharlika fund after Congress approval
A Philippines peso note is seen in this illustration on June 2, 2017. — REUTERS By Kyle Aristophere T. Atienza, Reporter ECONOMISTS remain skeptical about the newly passed Maharlika Investment Fund (MIF) bill, saying it still contains provisions that could affect the independence of government financial institutions (GFIs) and the central bank. Filomeno S. Sta […]
June 1, 2023
Many Filipino parents go through pains of lengthy adoption process
ZACHERY PERRY-UNSPLASH By Luisa Maria Jacinta C. Jocson, Reporter IDA MARIE M. CASTRO, a 57-year-old mother, described the process of adoption in the Philippines as “heartbreaking.” “My heart was breaking just going through the extent of the process,” the sales director said in a Facebook Messenger chat. “Every time there was an interview, I felt […]
June 1, 2023
PHL hopes to attract more offshore wind power investments
A wind farm is seen in Pagudpud, Ilocos Norte. — PHILIPPINE STAR/KRIZ JOHN ROSALES THE government is hoping to attract more offshore wind power projects, after the Board of Investments (BoI) approved three offshore wind projects worth a total of P390 billion in the first quarter. Trade Secretary Alfredo E. Pascual said the three offshore […]
June 1, 2023
MPIC defers vote on proposed market delisting
By Adrian H. Halili THE CONSORTIUM of companies that plan to take Metro Pacific Investments Corp. (MPIC) private has requested to defer the shareholders’ vote on its delisting to a later date or after the release of a report explaining the basis of the bidders’ tender offer price. In a regulatory filing on Thursday, GT […]
June 1, 2023
The end of an era for Eat Bulaga But who gets the name?
WWW.FACEBOOK.COM/EBDABARKADS AS the mainstays of the 44-year-old noontime show Eat Bulaga — Vicente “Tito” Sotto III, his brother Marvic Valentin “Vic” Sotto, and Jose Maria “Joey” de Leon (collectively known as Tito, Vic, and Joey or TVJ) — bade farewell yesterday after a bitter breakup with production company Television and Production Exponents, Inc. (TAPE), signs […]
June 1, 2023
First Pacific: New advisor prompts deferred MPIC vote
FIRST Pacific Co. Ltd. said the consortium that seeks to acquire Metro Pacific Investments Corp. (MPIC) has tapped another independent financial advisor (IFA) for the valuation report. “There have been some developments in terms of the IFA and the finalization of the report,” said Stanley H. Yang, head of corporate development at First Pacific, in […]
June 1, 2023
Fruitas Holdings to acquire cloud kitchen company Fly Kitchen
FRUITAS Holdings, Inc. has acquired full ownership of cloud kitchen business Fly Kitchen Inc. in its efforts to increase market share, the company said on Thursday. “The purchase of Fly Kitchen fits our strategic objective to remain competitive in the digital arena. The startup complements our present activities and will enable us to accelerate the […]
June 1, 2023
SMPC set to ship second trial coal exports to Japan
SEMIRARA Mining and Power Corp. (SMPC) is poised to make its second trial shipment of coal to Japan this month, as part of its goal to expand its market while also reducing its dependency on China. “China is still our main foreign buyer, but with their industrial output growing slower than expected, we want to […]
June 1, 2023
Killing me softly
MOVIE REVIEWThe WhaleDirected by Darren Aronofsky (Warning: plot details explicitly discussed) DARREN ARONOFSKY’s The Whale (2022) adapted Samuel D. Hunter’s play to the big screen and we more or less know how the film has fared: made respectable money from a small ($3 million) budget, won Brendan Fraser an Academy Award for playing a morbidly […]
June 1, 2023
Repower Energy, Austrian firm Gugler forge deal for seawater pumped storage
REPOWER Energy Development Corp. has signed an agreement with Austria-based Gugler Water Turbines GMBH to develop seawater pumped storage projects in the Philippines. “We are pleased to enter into a partnership with Gugler — a leading provider of state-of-the-art turbine technology,” Eric Peter Y. Roxas, president and chief executive officer of Repower Energy, said in […]
June 1, 2023
Beyoncé fans spare no cost for Renaissance Tour
BEYONCÉ —(BEYONCE.COM) LONDON — Beyoncé’s fans, collectively known as the BeyHive, are going savage to catch a glimpse of her during her Renaissance World Tour. Money and distance are no object when your idol beckons in 57 concerts across 40 cities in North America and 14 across Europe. Jimmy Long of San Francisco flew to […]