Malaysian holiday island opens as tourism restarts

Visitors flocked to the Malaysian island of Langkawi Thursday as it became the country’s first holiday hotspot to reopen after a coronavirus lockdown that has hammered the vital tourism industry. Restrictions on local travel had been in place for months and international borders remain largely closed as Malaysia battles its worst Covid-19 wave. But with […]

US cigarette giant Philip Morris seals takeover of inhaler maker

US cigarette firm Philip Morris International on Thursday clinched a controversial takeover of British breathing inhaler manufacturer Vectura, despite fierce opposition from health campaigners and medical groups. The Marlboro-maker agreed in July to pay £1.0 billion ($1.4 billion, 1.2 billion euros) as part of a broader push into healthcare. Philip Morris International on Thursday said […]

MVP Group to build highways of the future

Metro Pacific Tollways Corp. (MPTC) is going green. MPTC tollroads all set for Holy Week MPTC chief finance officer and senior executive sponsor for sustainability Christopher Lizo sad the company is considering transforming its operational toll roads to sustainable highways in line with efforts to contribute to a resilient future for all. MVP Group’s Cebu-Cordova […]

Bumpy road as ageing Japan bets on self-driving cars

by Etienne BALMER With an ageing population in need of transport, Japan is betting on autonomous cars, but an accident involving a self-driving showcase at the Paralympics illustrates the challenges ahead. Japan is far from the only place with autonomous vehicles on the roads, but its government has set acceleration of the technology as a […]

Retired passenger jet perched on Bali cliff to lure tourists

A retired Boeing passenger jet has been hauled to the top of a seaside cliff in Bali to lure tourists to Indonesia’s coronavirus-hit holiday island. More than a dozen workers used cranes to assemble parts of a Boeing 737 on a cliff near the Nyang Nyang beach this week. Felix Demin, the plane’s new owner, […]

Marks & Spencer shuts France stores on Brexit fallout

by Olivier DEVOS British retailer Marks & Spencer said Thursday it will shut more than half its stores in France with Brexit affecting supplies of fresh and chilled food products. Announcing the closure of 11 out of 20 franchise stores, the food-to-clothing retailer said in a statement that “the lengthy and complex export processes… following […]

Piers Morgan back in US with News Corp Fox deal

British journalist Piers Morgan has signed a deal with Rupert Murdoch’s News Corp and Fox News Media to host a new global television show, the companies announced on Thursday. UK TV host Piers Morgan steps down amid Meghan controversies Morgan, 56, quit as presenter on Britain’s main commercial channel ITV in March in a row […]

ChinaBank hires former RCBC Securities CEO Gerald Florentino

Former RCBC Securities president and CEO Gerald Fiorentino is moving to China Banking Corp. (CBC). Globe gets P12B funding from ChinaBank, PNB The CBC board chaired by bilyonaryo Hans Sy approved the appointment of Florentino as first vice president and head of investor and corporate relations starting October 1. Still no deal with Chinabank on […]

SMC’s power generation arm issues $150M perpetual bonds

The power generation unit of San Miguel Corp. returned to the offshore bond market with a fresh offering of $150 million worth of perpetual securities. San Miguel rolls out Ligtas Lahat program for 70,000 employees The securities carried an initial rate of 5.45 percent per annum. The new ‘Boss’: RSA takes over as San Miguel […]

EKR plucks ICTSI treasurer Gigi Miguel to manage Manila Water finances

Bilyonaryo Ricky Razon has placed his trusted treasure from International Container Terminal Services Inc. (ICTSI) to Manila Water Company (MWC). Ricky Razon gets Manila Water back on track, H1 earnings up 10% Gigi Iluminada T. Miguel was appointed CFO, treasurer, , chief risk officer, and group director for corporate finance and strategy of MWC on […]