BW FILE PHOTO THE INFORMATION TECHNOLOGY and business process management (IT-BPM) industry is targeting to generate as much as $59 billion in revenues by 2028, as it sees continued growth despite the dimming global outlook. IT and Business Process Association of the Philippines (IBPAP) President Jack Madrid said on Wednesday that the industry expects to […]Read More
People hold Philippine flags at the Quirino Grandstand in Manila, June 12, 2007. — REUTERS By Arjay L. Balinbin, Senior Reporter THE PHILIPPINES improved two spots in a global digital competitiveness index, but still had the lowest ranking among Southeast Asian countries. In IMD business school’s World Digital Competitiveness Ranking 2022, the Philippines ranked 56th […]Read More
BW FILE PHOTO THE NATIONAL GOVERNMENT (NG) plans to borrow P200 billion locally in October, the Bureau of the Treasury (BTr) said on Wednesday. The October borrowing plan has the same amount as that in September but is 7% lower than the P215-billion program for August. The government raised just P88.58 billion from domestic borrowings […]Read More
THE PHILIPPINE PESO breached the P59-to-dollar level for the first time in intraday trading on Wednesday, before closing just below the record low. The local unit closed at P58.98 against the greenback on Wednesday, strengthening by one centavo from its lowest-ever finish of P58.99 on Tuesday, Bankers Association of the Philippines data showed. […]Read More
DECLINING foreign exchange (FX) reserves mean Asian central banks will probably start looking for alternative ways to support their currencies, according to Nomura Holdings, Inc. Some of the potential methods they may choose include mandating exporters to sell foreign currency proceeds, placing restrictions on trade accounts, and introducing measures to boost capital inflows, Nomura analysts […]Read More
FACEBOOK/TIMHOWANPH A SUBSIDIARY of Jollibee Foods Corp. (JFC) has committed more funds to the private equity fund that owns the Tim Ho Wan brand and company-owned stores ahead of a planned expansion in China. In a disclosure to the stock exchange on Wednesday, the food service company said Jollibee Worldwide Pte. Ltd. (JWPL) is committing […]Read More
BW FILE PHOTO AYALA-LED Globe Telecom, Inc. on Wednesday issued a public warning against acting as “money mules” to withdraw or transfer illegally obtained money. “Money mules are verified account owners of a bank or other financial accounts used by a third party to obscure the source of the stolen funds and keep their identity […]Read More
1 of 2 A PHARMACEUTICALS executive began a new chapter in his life more than a decade ago, and turned to making other restoratives: Singaporean comfort food. Pang Seng Meng was a special guest during the penultimate leg of the month-long Singapore Food Festival being held at the Power Plant Mall’s The Grid. He is […]Read More
BW FILE PHOTO ANG-LED San Miguel Corp. (SMC) filed the registration statement and preliminary prospectus for its P60-billion fixed-rate bonds to be used for redemption of preferred shares and bonds, and debt repayments. According to the company’s prospectus, the base offer amounts to P40 billion with an oversubscription of up to P20 billion and will […]Read More
1 of 2 TWO fast food restaurants came out with “new” sandwiches this month, and we tasted them both. The battle doesn’t end there, however, as the contest (in my head) takes on many layers: it’s international versus local, the old and the new, and most intriguingly: it’s chicken meat versus a chicken meat analogue. […]Read More
