Two prominent bilyonaryo names have made a comeback to the latest 50 richest Filipinos list a year after failing to make the cut.
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.
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.
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.
An undersecretary at the Department of Agriculture has stepped down after his unauthorized approval of the importation of 300,000 metric tons of sugar.
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.
It looks like it was made for her!
London-based artist Nicole Coson took to Instagram to share a recent magazine feature on her.
Filipinos are known to be snackers.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
InterContinental Hotels Group said Tuesday that profits rose sharply in the first half after Covid travel restrictions were lifted around the world.
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.
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.
Media tycoon Rupert Murdoch and model Jerry Hall have finalized their divorce after six years of marriage, Hall’s lawyer said Thursday.
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.
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.
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.
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.
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.
Randy’s Donuts is getting a lot of positive feedback for the way it responded to a customer complaint.
Dad’s World Buffet is offering a great deal for buffet aficionados to celebrate 45 years in the food business.
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.
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.
For the past 12 years, Resorts World has established itself as one of the premiere destinations for entertainment and luxury in Metro Manila.
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.
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.
With monkeypox surging across the world, experts are gathering more evidence on how people catch it and its typical symptoms.
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.
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.
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.
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.
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.
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.
Emirates is looking to hire more pilots as travel demand globally picks up.
Lufthansa said Thursday its freight operations propelled the German airline group to its first net profit since the start of the coronavirus pandemic.
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.
