Local carriers shelve terminal enhancement fee proposal
Local airlines have shelved a plan to impose a terminal enhancement fee on passengers departing from the Ninoy Aquino International Airport (NAIA). — PHILIPPINE STAR/RYAN BALDEMORBy Ashley Erika O. Jose, Reporter LOCAL CARRIERS are no longer pursuing their proposal for a
Tighter US immigration policies, weak job market could hurt PHL remittances
PHILIPPINE STAR/MIGUEL DE GUZMANBy Katherine K. Chan STRICTER visa and immigration policies in the United States could slow demand for Filipino workers and potentially dampen remittance inflows, analysts said. Pantheon Macroeconomics Chief Emerging Asia Economist Miguel Chanco said a weakening US labor
ASEAN, South Korea launch FTA upgrade talks
Philippine President Ferdinand R. Marcos, Jr. (eighth from left) poses for a photo with South Korea’s President Lee Jae Myung (sixth from left) and other leaders from the Association of Southeast Asian Nations (ASEAN) during the 26th ASEAN-Korea Summit in
Jeju exit in sight as Bloomberry inks sale agreement for casino unit
Jeju exit in sight as Bloomberry inks sale agreement for casino unit - BusinessWorld Online JEJU SUN Hotel & Casino, operated by Bloomberry Resorts Corp.’s
GT Capital, Ateneo sign deal to build Cavite campus
FROM left to right: GT Capital President Carmelo Maria Luza Bautista, GT Capital Vice-Chairman Alfred V. Ty, Ateneo de Manila University President Fr. Roberto Yap, S.J., and Ateneo de Manila University Board of Trustees Chairperson Bernadine T. Siy.TY-LED conglomerate GT
Biopic reintroduces female revolutionary hero
THIS YEAR, new life will be breathed into the untold story of the Mother of the Philippine Revolution — in the form of a “docufiction” film, Lakambini Gregoria de Jesus, that was 12 years in the making. Known as the
PSALM counts on CBK sale, Agus-Pulangi concession to wipe out obligations
CBKPOWER.COMSTATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) said it is optimistic about bringing down its outstanding obligations to nearly zero before the end of its extended corporate life. “I am optimistic that we will be able to reduce the
BDO’s Q3 net profit climbs 6% to P22.47 billion
PHILIPPINE STAR/IRRA LISINGBDO UNIBANK, Inc. saw its net profit grow by 6.09% year on year in the third quarter on the sustained expansion of its core businesses. BDO’s attributable net income rose to P22.47 billion in the three months through September,
Pangilinan says Meralco on track to hit P50-billion profit target
MERALCO.COM.PHPANGILINAN-LED MANILA Electric Co. (Meralco) reported a 14% increase in its consolidated core net income to P40.02 billion for the first nine months, driven by revenue growth and stronger results from its distribution utility segment despite flat energy sales. “Based on
Gov’t hikes T-bill award as rates go down with Fed seen to ease further
BW FILE PHOTOTHE GOVERNMENT hiked its award of the Treasury bills (T-bills) it offered on Monday as yields dropped across all tenors on expectations of a rate cut by the US Federal Reserve this week, as well as further monetary