Lazada, a partner of sellers and nanopreneurs for business growth

Pauline Castro, head of traffic strategy at Lazada Philippines Whether with big brands or as “nanopreneurs” managing their small shops, Lazada provides sellers with an online marketplace to set up and expand their business in the digital space. With Lazada’s curated solutions and campaigns, entrepreneurs are supported in growing their business and offering their customers […]

Far East Holdings set to acquire Top Frontier shares for P10.86B

TOP FRONTIER Investment Holdings, Inc. has agreed to the subscription of shares by Far East Holdings Inc. valued at about P10.86 billion or an equivalent of around 13.5% of its current outstanding shares. In a regulatory filing on Thursday, Top Frontier said the subscription agreement, which the two entered into on June 7, covers 45 […]

Bo’s Coffee plans to open up to 25 more stores in 2023

HOMEGROWN COFFEE brand Bo’s  Coffee is targeting to increase the number of its stores to 150 this year, its top official said. On the sidelines of the Franchise Asia Philippines 2023 International Conference, Bo’s Coffee Founder, Chairman and Chief Executive Officer Steve D. Benitez said that he expects the same growth in franchisees this year. […]

CTA backs denial of wind farm’s refund

CTA.JUDICIARY.GOV.PH/ THE COURT of Tax Appeals (CTA) has stood by its decision that denied the refund claim of EDC Burgos Wind Power Corp. worth P34 million allegedly representing its excess input value-added tax (VAT) traced to zero-rated sales for the period covering January to June 30, 2014. In a 20-page decision dated June 2 and […]

Globe expands 5G roaming to 67 countries, territories

GLOBE Telecom, Inc. has expanded its 5G roaming coverage to a total of 67 countries and territories and has partnered with international telecom providers. “With a 5G footprint spanning 67 countries and territories, we are thrilled to offer customers fast and reliable connectivity while they travel the world,” said Coco Domingo, vice-president for postpaid and […]

SPNEC to break ground on solar farm expansion in Nueva Ecija

SP New Energy Corp. (SPNEC) expects to start construction for its over 3,000-hectare solar plant expansion in Nueva Ecija within the year, its top official said on Thursday. “The company will break ground this year on the Nueva Ecija expansion, which will be wholly owned or controlled by SPNEC,” said the company’s President and Chief […]

BDO eyes double-digit growth in assets under management

BW FILE PHOTO BDO UNIBANK, Inc.’s trust unit is targeting double-digit growth in its assets under management (AUM) this year, an official said. The increase will be driven by “good returns generated by clients from fixed-income instruments and time deposits due to higher inflation print, growing Philippine economy, and banks competing for funds to shore […]

A train, a helicopter, fire, and a 300-extra fight scene keep things exciting on Extraction 2

STAR Chris Hemsworth and director Sam Hargraves kicked off the Extraction 2 promotional tour in Manila. DEEP in the dark underbelly of a Georgian prison full of ruthless gang members is a trapped, battered family — and the next deadly mission of Australian mercenary Tyler Rake (played by Chris Hemsworth) is to get them out […]

Why central bank balance sheets matter

RACOOL_STUDIO-FREEPIK As Jaime Caruana, former governor of the Bank of Spain and general manager of the Bank for International Settlements, admitted 12 years ago before a gathering of Asian central bank governors, the issue of a central bank balance sheet “may sound arcane” but understanding it could be crucial in making appropriate public policy especially […]

SEC clears Ayala Land’s P50-B shelf registration of bonds

THE Securities and Exchange Commission (SEC) on Thursday cleared the shelf registration of P50 billion worth of debt securities to be issued by Ayala Land, Inc. In a media release, the commission said it had approved in an en banc decision the registration statement of Ayala Land covering bonds that may be issued in one […]