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Trending on Business

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Swallowed: MVP’s Cignal signs over P7 billion deal to acquire Lopez’s SkyCable lock, stock and barrel

Kapatid channel na, Kapamilya pa! Lopez family to invest P4 billion in TV5 for ‘transformational’ joint venture with ABS-CBN

Media titans finally unite: MVP, Mark Lopez sign TV5, ABS-CBN joint venture

Platinum

Not interested: Xavier School returns free ‘Maid in Malacañang’ tickets sent by Fil-Chi biz group

May personal guarantee kasi! Dennis Uy has struggled to pay P8.2B BDO loan, but Tessie Sy has given leeway to Udenna over last two years

Signing set in August or September: MVP Group to own 65% stake in JV with Lopez family’s ABS-CBN

Titanium

Damay-damay na! BDO tanks along with Dennis Uy stocks after threatening to foreclose Udenna’s loans

Fair-weather friend? Market clueless why BDO would threaten its top client, Sy-blings’ business partner Dennis Uy with foreclosure

Damay buong bayan! Malampaya in peril if BDO forecloses on Udenna assets due to Dennis Uy’s insatiable borrowings

Latest on Business

50 richest Pinoys: Erramon, Mikel return but as part of Aboitiz clan; Tanco back; Lhuillier, Araneta drop out; Ricardo Po heirs, Wenceslao widow inherit slots

Two prominent bilyonaryo names have made a comeback to the latest 50 richest Filipinos list a year after failing to make the cut.

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Ernest Cu: Globe’s tie-up with ABS-CBN will continue despite Lopezes’ deal with TV5

Ayala-led Globe Telecom Inc. said its partnership with ABS-CBN Corp. would continue despite the Lopez family’s joint venture agreement with Mediaquest Holdings’ TV5.

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Ayala holding firm remains on growth track, profit soars to P16.3B on higher contributions from banking, real estate, telco

Conglomerate Ayala Corp. reported a 56 percent jump in its six-month earnings to P16.3 billion as robust property, banking and telecom businesses and one-time asset sales made for the soft results of its energy unit.

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Naka-move on na! Villar bears no grudge against ABS-CBN: Revenge will get you nowhere

Ultra bilyonaryo Manny Villar is adamant his acquisition of ABS-CBN Broadcasting’s Channel 2 is not a payback for the former media giant’s role in his bitter presidential defeat in 2010.

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Taking the fall: DA exec with additional powers from Vic Rodriguez resigns amid sugar importation mess

An undersecretary at the Department of Agriculture has stepped down after his unauthorized approval of the importation of 300,000 metric tons of sugar.

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Ayala Group tightens grip on ALI with P11.8B share purchase

Conglomerate Ayala Corp. has raised its stake in Ayala Land Inc. to 50.5 percent, sending a signal to the market on the property giant’s intrinsic value.

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Trending on Social Fancy

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‘What’s mine is mine’: Tessa Prieto splitting assets with Dennis Valdes following separation

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Judy Araneta-Roxas gets birthday greetings from family-owned brands, well-wishers

Heart Evangelista-Escudero attends first GMA Gala Night in style

Manny Villar only has good words to say for the late FVR

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Victor Consunji spotted at a birthday party

First Lady Liza Araneta Marcos wears Lesley Mobo terno at hubby’s first SONA

Maggie Wilson denies going to Barcelona with Tim Connor when she was still with Victor Consunji

Latest on Social Fancy

Mae Coyiuto gets emotional over Serena Williams’ last tennis game in Canada

She is in tears!

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Xandra Rocha Araneta poses with her proudly Filipino made bag

It looks like it was made for her!

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Nicole Coson featured in ArtAsiaPacific magazine

London-based artist Nicole Coson took to Instagram to share a recent magazine feature on her.

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Monica Concepcion shares her go-to snack while traveling

Filipinos are known to be snackers.

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Abba Napa loves the pad thai in this place

She remembers her childhood days!

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Margarita Fores shares her favorite dishes at Chez L’Amis Louis

It never changes.

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Trending on Money

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Swapang masyado! BSP urged to put cap on bank transfer fees

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Tessie Sy picks retired SC Justice Perlas-Bernabe as new BDO director

GT Capital chairman Francis Sebastian loads up stake in Ty-blings’ holding firm

Ready to raffle! UnionBank offers cash, miles, points for Citi credit card clients after takeover

Titanium

One-time fail: Metrobank customers fume over late sending of PINs for online transactions

PH banks seen to remain robust vs. recession, rate hike shock

Helen Yuchengco-Dee taps physicist who drew up Philippines AI roadmap as new RCBC director

Latest on Money

Dutch arrest man over crypto ‘launderer’ Tornado

Dutch investigators said Friday they have arrested a suspected developer for Tornado Cash, a cryptocurrency service sanctioned by Washington for allegedly laundering funds stolen by North Korean hackers.

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Armed client holds bank staff hostage to access savings

An armed customer threatening to set himself ablaze held bank workers hostage throughout the day Thursday in Lebanon’s capital, demanding to withdraw his trapped savings to pay hospital fees, security sources and a family member said.

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US inflation eases in July amid falling oil prices

US inflation eased slightly in July, according to official data Wednesday, potentially taking pressure off the Federal Reserve to hike interest rates sharply while bringing a much-needed boost to President Joe Biden just months before crucial midterm elections.

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Swapang masyado! BSP urged to put cap on bank transfer fees

A lawmaker has asked the Bangko Sentral ng Pilipinas (BSP) to halt the “avarice” of banks by putting a cap on exorbitant fund transfer fees at a time of surging inflation.

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US sanctions crypto ‘laundering’ service Tornado

The United States placed sanctions Monday on Tornado Cash, a leading “crypto mixer” for transactions in virtual currency that US officials describe as a hub for laundering stolen funds, including by North Korean hackers.

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Munich Re profits hit by poor investment performance

German reinsurance giant Munich Re reported a drop in its second-quarter profit on Tuesday as market volatility took a toll on investments, but the firm maintained its 2022 performance target.

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Trending on Technology

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Elon Musk sells nearly $7B in Tesla stock

Disney+ subscribers surge as Netflix stumbles

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‘We’re here for you’: Globe’s Ernest Cu wants to partner with more home developers to bring connectivity

PLDT to phase out old 3G network by 2023

Al Panlilio confident PLDT will meet 2022 targets despite stronger headwinds in H2 amid 30% jump in profit from Jan-June

Titanium

Netizens weigh in on Marcos Jr’s digital tax plan: Pay P203B estate tax first!

DFNN gets demo on first SpaceX/Starlink dish in Philippines

At your service, Mr. President! PLDT, Converge back BBM’s call for improved network services, technology-enabled learning

Latest on Technology

Back on solid footing: Globe returns to pre-Covid revenue levels, profit surges by more than half

Globe Telecom’s profit grew 51 percent in the six months through June as revenues climbed to pre-pandemic levels on strong gains from data-related products and services with sustained internet use and improved mobility.

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Dennis Anthony Uy’s Converge scales back expansion to avoid borrowing more money amid rising interest rates

Fiber internet provider Converge ICT Solutions is trimming its capital expenditures for the year to avoid falling into a debt trap amid higher interest rates.

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Raymond Garcia’s DFNN sustains growth; books P145M profit in H1 as mobility restrictions ease

Gaming technology provider DFNN of techpreneur Raymond Garcia remained on upward trajectory, posting a net income of P144.9 million in the six months through June or a reversal of the P76.9 million loss incurred in the same period a year ago.

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Elon Musk sells nearly $7B in Tesla stock

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes court battle with Twitter over a $44 billion buyout deal.

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Disney+ subscribers surge as Netflix stumbles

The Disney+ streaming service saw its number of paying subscribers leap beyond expectations in the last quarter, as rival Netflix’s client count ebbed, results showed Wednesday.

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Space invaders: How video gamers are resisting a crypto onslaught

When video game designer Mark Venturelli was asked to speak at Brazil’s biggest gaming festival, he submitted a generic-sounding title for his presentation — “The Future of Game Design” — but that was not the talk he gave.

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Trending on Power

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EU ban on Russian coal enters into force

Platinum

ACEN invests in P6.875 billion battery project in Rizal

RSA seeks temporary relief for SMC power unit as losses surge to P15B amid skyrocketing fuel costs

Petron doubles first half profit to P7.7B

Titanium

Way to go! Winnie Monsod backs Marcos’ nuclear power push

Loren Legarda weighs in on nuclear power: Where do we put nuclear waste?

Gatchalian pushes for subsidies when oil prices hit over $80 per barrel for 3 straight months

Latest on Power

Meralco-Stonepeak JV enters digital infrastructure space; buys 2,180 cell towers from Globe

MIESCOR Infrastructure Development Corp. (MIDC), a joint venture between Manila Electric Co. subsidiary MIESCOR and leading global infrastructure investor Stonepeak, announced on Friday it was acquiring 2,180 towers and related passive telecom infrastructure from Globe for P26.2 billion.

Read More »

US gas prices fall below $4 for first time since March

It’s not too late for a road trip: The US average price of gasoline at the pump has finally fallen below $4.00 a gallon, providing a bit of relief for Americans struck by massive inflation at almost every turn.

Read More »

EV maker Rivian’s losses nearly triple to $1.7B as production ramps up

Electric automaker Rivian on Thursday said its losses had nearly tripled to $1.7 billion in the second quarter, but that it is on the road to meeting production goals.

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Cheaper, changing and crucial: the rise of solar power

Generating power from sunlight bouncing off the ground, working at night, even helping to grow strawberries: solar panel technology is evolving fast as costs plummet for a key segment of the world’s energy transition.

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EU says US tax credits for electric cars ‘discriminatory’

The EU on Thursday said it was “deeply concerned” by US moves to give American motorists a tax credit to buy electric vehicles, saying it was discriminatory against European carmakers.

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Oil demand rises as gas prices surge: IEA

Global oil demand will rise more than previously forecast this year as heatwaves and soaring gas prices are prompting countries to switch fuels for power generation, the International Energy Agency said Thursday.

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Trending on Property

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Andrew Tan’s realty arm posts healthy profit amid strong recovery in hospitality, retail sectors

Ready for revenge spending: SM to open 3 new malls before Christmas

Platinum

CityLand plans P1.5B debt note offering

Frederick Go gets SEC go signal to proceed with RLC’s P15B bond offer

Helen Yuchengco-Dee poaches Shang’s property manager to lead House of Investments real estate expansion

Titanium

Wag mag-akusa! Cynthia Villar says hubby Manny has no influence over BF Resort Village

Primex’s single biggest stockholder unloads P40M shares in one month

Andrew Tan drops P6.3B for office buildings, hotels in Q2 from Megaworld’s cash hoard

Latest on Property

Seoul seeks to ban basement flats after flooding deaths

South Korea’s capital has moved to ban the cramped basement flats made famous by Oscar-winning movie “Parasite” after four people drowned in subterranean dwellings during flooding caused by record-breaking rains this week.

Read More »

‘Hopeless’: Chinese homebuyers run out of patience with developers

Newly married and with his first child on the way, auto worker Wang wanted to move into the apartment he bought in Wuhan three years ago but those hopes were dashed by China’s ballooning property crisis.

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Ready for revenge spending: SM to open 3 new malls before Christmas

SM Investments Corp. of ultra bilyonaryo Tessie Sy is opening three new malls in the second half this year after getting delayed by the pandemic.

Read More »

Andrew Tan’s realty arm posts healthy profit amid strong recovery in hospitality, retail sectors

Megaworld Corp. of ultra bilyonaryo Andrew Tan grew its six-month earnings by 18 percent to P5.9 billion as all core businesses registered double digit growth for the first time since the pandemic.

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InterContinental Hotels Group profits surge as travel rebounds

InterContinental Hotels Group said Tuesday that profits rose sharply in the first half after Covid travel restrictions were lifted around the world.

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In New York, renters desperate as soaring rents exacerbate housing crisis

In mid-May, Paula Sevilla and her roommates joined the many New Yorkers suffering under the city’s crushing housing crisis, which has seen rents soar in the pandemic’s wake.

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Trending on Lifestyle

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Cinemalaya 2022 films can be viewed anywhere in the Philippines

Woman arrested for stealing mother’s artwork

Platinum

‘Maid in Malacanang’ wowing on opening day, wallops anti-Marcos film ‘Katips’

Sundance winner ‘Leonor will Never Die’ to kick off Cinemalaya 2022

Titanium

Three people killed in Ateneo shooting

Hit manga series ‘One Piece’ celebrates 25th birthday

‘Thrones’ creator brings Westeros back to Comic-Con

Latest on Lifestyle

Salman Rushdie attacked on stage in New York state: US media

British author Salman Rushdie, whose controversial writings made him the target of a fatwa that forced him into hiding, was attacked on stage Friday in western New York state, US media reported.

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Rupert Murdoch and Jerry Hall finalize divorce

Media tycoon Rupert Murdoch and model Jerry Hall have finalized their divorce after six years of marriage, Hall’s lawyer said Thursday.

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Second Lady Gaga dog-napper jailed

A second man charged with stealing Lady Gaga’s dogs in an episode during which her dog-walker was shot was jailed Thursday after admitting to his part in the robbery.

Read More »

Cinemalaya 2022 films can be viewed anywhere in the Philippines

You don’t have to be in Manila to enjoy the world class feature and short films in competition in this year’s Cinemalaya Independent Film Festival.

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Woman arrested for stealing mother’s artwork

Brazilian authorities arrested a late art collector’s daughter Wednesday for allegedly orchestrating a scam in which a supposed psychic moved into her octogenarian mother’s home and stole millions, police and media reports said.

Read More »

‘Grease’ star Olivia Newton-John dies aged 73

Singer Olivia Newton-John, who gained worldwide fame as high school sweetheart Sandy in the hit musical movie “Grease,” died on Monday after a 30-year battle with cancer. She was 73.

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Trending on Food & Nature

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Taste Atlas audience ranks best Blue Cheese from France

Exciting things to experience at Newport World Resorts

Po bros’ Shakey’s posts fatter profits as systemwide sales surpass pre-pandemic levels

Platinum

P42 for extra rice okay ka lang? Netizen cites double standard amid P26K food bill in Bohol

Tourist trap! DOT, DTI team up in probing P26K lunch at Panglao’s Virgin Island

Victor Paterno quits Max’s board

Titanium

‘Unmeltable’ ice cream goes viral; baffles internet for withstanding heat of lighters and blowtorches

‘Pancit Canton’ trends on Twitter as FDA vows speedy probe on Lucky Me! ethylene oxide issue

Thomas Tan quits San Miguel board after 10 years

Latest on Food & Nature

Balai Palma’s appetizers is reason enough to secure a booking

Balai Palma, an artisan restaurant and kitchen for private dining spearheaded by du Gault et Millau-awarded chef Aaron Isip, is making its way to the hearts of food lovers in Makati’s Poblacion area.

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Randy’s Donuts gets five stars for response to customer complaint

Randy’s Donuts is getting a lot of positive feedback for the way it responded to a customer complaint.

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Dad’s celebrates 45th anniversary with 45% discount on buffets

Dad’s World Buffet is offering a great deal for buffet aficionados to celebrate 45 years in the food business.

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‘Mac is back’: McDonald’s plans ‘phased’ reopening in Ukraine

McDonald’s announced plans Thursday for a “phased” partial reopening of restaurants in Ukraine, where operations have been shuttered since February due to the Russian invasion.

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Brazil farmers bet on environmentally friendly cotton

The road through Cristalina, Brazil is in the middle of the tropics, but the fields on either side look like they are covered in snow — little white puffs of cotton stretching to the horizon.

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Exciting things to experience at Newport World Resorts

For the past 12 years, Resorts World has established itself as one of the premiere destinations for entertainment and luxury in Metro Manila.

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Trending on Health

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What we know of the symptoms and spread of monkeypox

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New York asks WHO to re-name ‘stigmatizing’ monkeypox

China’s ‘Silicon Valley’ tightens rules over Covid flare-up

Pair of new studies point to natural Covid origin

Titanium

Marcos Jr tests positive for Covid-19

KonsultaMD at your service: Ayalas roll out new healthcare super app

‘Severe’ pain: a New Yorker’s experience of monkeypox

Latest on Health

Novartis says two children treated with gene therapy died

Two children who received Zolgensma, a gene therapy produced by Swiss drugmaker Novartis to treat spinal muscular atrophy, have died from liver failure, the company said Friday.

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Dozens in China infected with Langya virus found in shrews

Dozens of people in China have fallen ill with a new virus that is also found in shrews, a report has said, but there is so far no evidence of human-to-human transmission.

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What we know of the symptoms and spread of monkeypox

With monkeypox surging across the world, experts are gathering more evidence on how people catch it and its typical symptoms.

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Over 80,000 tourists trapped in ‘China’s Hawaii’ after Covid outbreak

Over 80,000 tourists are stranded in a resort city popularly known as “China’s Hawaii” after a Covid flare-up led authorities to impose strict travel restrictions.

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Pfizer in talks on $5 billion acquisition

American drugmaker Pfizer is close to a deal to purchase Global Blood Therapeutics, which manufactures a recently approved drug against sickle-cell anemia, for $5 billion, the Wall Street Journal has reported.

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Austria in shock over doctor’s suicide following anti-vax abuse

Austrians expressed shock and anger this week over the suicide of doctor who had been the target of a torrent of abuse and threats from anti-vaccination protesters.

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Trending on Travel

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Tourists return but Easter Islanders draw lessons from Covid isolation

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From P26K to zero income: Access to Virgin Island cut off as DENR probes overpriced tourist food

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PAL to mount more flights to Cambodia starting Sept

New Clark City eyed as next top tourist haven in Luzon

‘Paradise reborn’: Boracay hailed as one of the world’s greatest places in 2022

Latest on Travel

Tourists return but Easter Islanders draw lessons from Covid isolation

During more than two years of the coronavirus pandemic, Easter Island was closed to tourism — forcing inhabitants to turn to a more sustainable way of life and relearn forgotten skills.

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China eases Covid suspension for international flights

China on Sunday shortened its suspension period for inbound international flights carrying Covid-positive passengers, signalling that Beijing could soon ease its strict border controls.

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‘India’s Warren Buffett’ set for take-off with new airline

The world is gripped by recession fears, jet fuel prices are sky-high, and aviation is a notoriously fickle industry. But the billionaire dubbed “India’s Warren Buffett” is launching an airline on Sunday.

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Emirates recruiting first officers as travel demand picks up

Emirates is looking to hire more pilots as travel demand globally picks up.

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Lufthansa records first net profit since the start of the pandemic

Lufthansa said Thursday its freight operations propelled the German airline group to its first net profit since the start of the coronavirus pandemic.

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From P26K to zero income: Access to Virgin Island cut off as DENR probes overpriced tourist food

Vendors at Panglao’s Virgin Island have suddenly been stripped of any source of income after Bohol Governor Aris Aumentado ordered the suspension of boat trips to the tourist spot.

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