Betting Ang’s Monde Nissin faces tough 2022: Meat business impairment leads to P13 billion net loss Lucky Me! Instant noodles maker Monde Nissin Corp., helmed by bilyonaryo Betty Ang, is charting a course towards profitability this year after a bruising net loss in the previous year.
Summer struggle: Maynilad, Manila Water feud over supply from La Mesa dam The water concessionaires owned by bilyonaryo Manny Pangilinan-led Maynilad and the Ayala-Razon owned Manila Water are at loggerheads over water supply from the La Mesa Dam just as demand rises due to hot weather.
Government better prepared for El Niño as it explores alternative sources of water – NRWB The government is now better equipped to handle El Niño compared to previous occurrences, according to National Water Resources Board (NWRB) executive director Sevillo David Jr.
Exie Robles’ Sta. Lucia gears up for growth, secures over P2B loans Sta. Lucia Land Inc. (SLI), headed by bilyonaryo Exie Robles, is planning to increase its borrowing from local banks as part of its expansion plans.
‘Di nalugi! First Union Plans folding up ‘voluntarily’ The cessation of First Union Plans Inc.’s (FUPI) operations was caused by a shift in the Union Bank of the Philippines’ “strategic direction” and not bankruptcy, the Aboitiz-led lender clarified Thursday (March 30).
Harsh goodbye: MVP dumps Annabelle Chua from Meralco board after 7 years, picks Metro Pacific CFO Chaye Cabal-Revilla as new director
Canada revs up its EV batteries manufacturing As the world accelerates toward emissions-free driving, Canada is making a big push into batteries for electric vehicles — touting tax incentives, bountiful critical minerals and clean energy to attract multinationals.
China’s economy showing ‘strong momentum’, says Li China’s economy is showing “strong momentum” despite a challenging global environment, Premier Li Qiang said Thursday, promising to bolster support for business as the country emerges from strict Covid controls that hammered GDP.
Summer struggle: Maynilad, Manila Water feud over supply from La Mesa dam The water concessionaires owned by bilyonaryo Manny Pangilinan-led Maynilad and the Ayala-Razon owned Manila Water are at loggerheads over water supply from the La Mesa Dam just as demand rises due to hot weather.
Tourism rebound sparks growth for Tiu family’s Discovery World: Losses slashed in half, revenues more than double Discovery World, a leisure estate developer and operator owned by the Tiu family, reported a remarkable reduction in its losses, as the Philippine tourism industry gradually recovers.
Bankman-Fried pleads not guilty to latest US charges Former FTX chief Sam Bankman-Fried pleaded not guilty Thursday to five criminal charges recently added by US prosecutors in the government’s sprawling case against the former cryptocurrency wunderkind. Read More »
Betting Ang’s Monde Nissin faces tough 2022: Meat business impairment leads to P13 billion net loss Lucky Me! Instant noodles maker Monde Nissin Corp., helmed by bilyonaryo Betty Ang, is charting a course towards profitability this year after a bruising net loss in the previous year. Read More »
China’s economy showing ‘strong momentum’, says Li China’s economy is showing “strong momentum” despite a challenging global environment, Premier Li Qiang said Thursday, promising to bolster support for business as the country emerges from strict Covid controls that hammered GDP. Read More »
Swiss court convicts four bankers over Putin cellist funds Four bankers from a Russian bank’s Swiss branch have been found guilty by a Zurich court over vast sums going into the accounts of a close confidant of President Vladimir Putin. Read More »
US bank deregulation ‘may have gone too far’: Treasury Secretary Recent banking sector turmoil is a reminder that work on reforms remains unfinished, and there is a need to “consider whether deregulation may have gone too far,” US Treasury Secretary Janet Yellen plans to say Thursday. Read More »
Optimism reigns: Philippine firms expect stronger economy in 2023 The survey revealed a significant increase in overall confidence indices (CIs) for these periods, with a higher percentage of optimists outweighing pessimists during the reference periods. Read More »
Who’s Who at ART SG January 12, 2023 Art SG kicked off today with art world legends and collectors showing up with extra vigor after a two-year delay due to the pandemic. Read More »
