A silhouette of the skyline is pictured at sunset in Quezon City, Nov. 27, 2020. — REUTERS/ELOISA LOPEZ By Luz Wendy T. Noble, Reporter THIRD-QUARTER residential property prices rose by its fastest pace since the second quarter of 2020, thanks to an uptick in demand for condominium units and townhouses. The Bangko Sentral ng Pilipinas […]Read More

BW FILE PHOTO THE BANGKO SENTRAL ng Pilipinas (BSP) imposed a moratorium on increases in InstaPay and PESONet fees for person-to-person fund transfers, in a bid to hasten the Philippines’ transition into a cash-lite economy. The Monetary Board on Dec. 23 approved the moratorium on any hike in fund transfer fees through PESONet and InstaPay, […]Read More

By Luisa Maria Jacinta C. Jocson MINING stocks maintained their surge on Wednesday as the market cheered the lifted ban on open-pit mining, prompting traders and analysts to assess the longer-term impact on profits while staying wary on the move’s continuity when the country elects new political leaders. “Definitely it’s a game changer for the […]Read More

AYALA-LED AC Energy Corp. has agreed to subscribe to the shares of two subsidiaries for a combined P14 billion to fund the units’ separate projects in solar and wind energy development. AC Energy disclosed to the stock exchange on Wednesday its subscription to the shares of Santa Cruz Solar Energy, Inc. (SCSEI) for P6,999,631,590 to […]Read More

CENTURY PROPERTIES Group, Inc. is planning a P3-billion fixed-rate retail bond offering, proceeds of which will be used to partially refinance debt as well as fund capital expenditures and general corporate requirements, subject to regulatory approval. In an e-mail to reporters on Wednesday, the Securities and Exchange Commission (SEC) said it received the registration statement […]Read More

1 of 5 WE can talk all day about wine trends, but what are Filipinos really drinking? Data collected by wine marketplace Winery.ph saw 54 bestsellers each given the company’s own Kavino Choice Award, out of the 2,000 different bottles they have on stock. From these, Chris Urbano, Winery.ph Managing Director and Chief Sommelier and […]Read More

APEX MINING Co., Inc. said on Wednesday that it received a letter from Prime Strategic Holdings, Inc. about its newspaper notice to make a mandatory tender offer for the listed mining company’s shares at a price of P1.30 per apiece. In a disclosure, Apex Mining received the tender offer report from Prime Strategic Holdings to […]Read More

1 of 2 TWO six-story high statues have been unveiled at the entrance of the 4.8-hectare DoubleDragon Meridian Park along EDSA in the Bay area. The stainless-steel sculptures by artist Jefrë Figueras Manuel (a.k.a. JEFRË) are called Bayani, which depicts a young person, and Pag-Asa, which depicts a figure waving at passersby along EDSA. “I […]Read More

PHILSTAR THE Department of Energy (DoE) said power restoration is making progress in many areas hit by Typhoon Odette (international name: Rai), with rehabilitation work in the Central Visayas (Region VII) lagging. In a virtual news conference to update on repairs to power facilities and transmission lines, the DoE said service has been largely restored […]Read More

THE Budget department on Wednesday said it has released P7.68 billion to local governments and national agencies for their Typhoon Odette response and recovery efforts. The Department of Budget and Management (DBM) said in a statement that it released P4.85 billion to local government units on Tuesday to distribute as aid to constituents affected by […]Read More