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As part of its development agenda for Pakil in Laguna, Ahunan Power Inc. (Ahunan) launched a corporate social responsibility (CSR) program dubbed “Tayo Na Pakil,” a celebration of what the future holds for the municipality. Ahunan is a subsidiary of Prime Infrastructure Capital, Inc. (Prime Infra), the infrastructure arm of Enrique K. Razon, Jr. Tayo […]Read More

Packs of sugar are arranged on a shelf in a store in Quiapo, Manila, Aug. 11. — PHILIPPINE STAR/ EDD GUMBAN By Kyle Aristophere T. Atienza and  Revin Mikhael D. Ochave, Reporters AN INVESTIGATION is underway over the “illegal” sugar importation order that was aimed at addressing the tight local supply and high prices, according […]Read More

Buildings are seen along EDSA in Quezon City, July 3 — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Diego Gabriel C. Robles THE PHILIPPINES now aims to become a high-income economy by 2045 at the latest, Socioeconomic Planning Secretary Arsenio M. Balisacan said. “Assuming that the economy can regain its growth trajectory in the next decade, […]Read More

THE SY SIBLINGS remained the richest in the Philippines, despite a $4-billion drop in their net worth in 2022, according to Forbes Asia. The combined wealth of 50 tycoons in the Philippines dropped by 9% to $72 billion this year, from $79 billion a year ago, as the economy continued to recover from the impact […]Read More

GLENN CARSTENS PETERS-UNSPLASH By Arjay L. Balinbin, Senior Reporter THE National Telecommunications Commission (NTC) will investigate the partnership between ABS-CBN Corp. and TV5 Network, Inc. of the Pangilinan group’s MediaQuest Holdings, Inc., a commissioner said on Thursday. “Kailangan po natin ito busisiin mabuti dahil madami pong lumabas na violations ang ABS-CBN noong nakaraang pagdinig ng […]Read More

BW FILE PHOTO JOLLIBEE Foods Corp. (JFC) recorded a surge in its attributable net income to P2.79 billion in the second quarter, almost triple last year’s P976.71 million, after booking “record-high” system-wide sales, it said on Thursday. “We are pleased with our strong top line growth led by our Philippine business which delivered better-than-expected sales […]Read More

CONVERGE ICT Solutions, Inc. has revised its capital expenditure (capex) guidance for the year, lowering it to P21-23 billion from P26-28 billion previously. “With weak peso like today, capex is expensive,” Matthias Vukovich, Converge chief financial office advisor, said during a press briefing on Thursday. “We can activate… new subscribers without needing more capex,” he […]Read More

GLOBAL-ESTATE Resorts, Inc. (GERI) posted a 33.2% increase in its attributable net income of P404.55 million in the second quarter as most of its business segments recorded higher revenues. Revenues surged by 41.5% to P1.74 billion for the April-June period from P1.23 billion in the same period last year, its quarterly financial report filed with […]Read More

CEBUPACIFICAIR.COM CEBU Air, Inc., the listed operator of budget carrier Cebu Pacific, announced on Thursday that it narrowed its net loss for the second quarter of the year to P1.89 billion from a loss of P6.49 billion previously. The company saw its revenues for the period jump 336.6% to P13.97 billion from P3.2 billion in […]Read More