A WORKER wipes an automotive computer component part at an electronics assembly line in Biñan, Laguna, April 20, 2016. — REUTERSFACTORY ACTIVITY in the Philippines unexpectedly contracted for the first time in 19 months in March, as manufacturers cut output

Workers pour cement on a road in Quezon City. — PHILIPPINE STAR/MIGUEL DE GUZMANBy Aubrey Rose A. Inosante, Reporter THE NATIONAL GOVERNMENT’S (NG) budget deficit ballooned to P171.4 billion in February despite double-digit revenue growth, the Bureau of the Treasury (BTr)

MANUEL B. VILLAR, JR.TYCOON and former Senate President Manuel B. Villar, Jr. is the richest Filipino, according to Forbes’ latest World’s Billionaires List. With an estimated net worth of $17.2 billion, Mr. Villar ranked 117th on the list, which also included

ANFLOINDUSTRIALESTATE.COMTHE Philippine Economic Zone Authority (PEZA) has approved P6 billion worth of investment pledges in March, bringing the first-quarter approvals to P58.947 billion. In a statement on Wednesday, the investment promotion agency said it greenlit 27 new and expansion projects

East West Banking Corp. to hold virtual Annual Stockholders' Meeting on April 24 - BusinessWorld Online Spotlight is BusinessWorld’s sponsored section that allows advertisers to

PHILSTAR FILE PHOTOAYALA CORP. has signed an agreement to sell 50% of its stake in AC Ventures Holding Corp. (ACV) to Japan’s Mitsubishi Corp. for at least P18.4 billion, a transaction that could increase the valuation of GCash ahead of

1 of 2NOBU MATSUHISA was in Manila at his namesake hotel to host two dinners on March 25 and 26. This marked the celebrity chef’s first visit to his Philippine property since 2019 — before the pandemic. The scars of that

SMCGLOBALPOWER.COM.PHTHE Department of Energy (DoE) said it expects sufficient power supply during the warm and dry season, when electricity demand peaks, as two gas-fired power plants in Batangas are set to generate a full combined capacity of 2,500 megawatts (MW)

1 of 2IPPUDO in Uptown Mall, Bonifacio Global City (BGC), has gone through a makeover and has been rebranded as Ippudo Ramen Bar. In addition to the renovation, they’ve added quite a few things to the menu, from cocktails and

BANGKO SENTRAL NG PILIPINASTHE GOVERNMENT made a full award of the Treasury bonds (T-bonds) it offered on Wednesday as rates dropped on strong demand amid expectations of continued monetary policy easing by the Bangko Sentral ng Pilipinas (BSP) this year. The