Hollywood’s major studios reached a tentative labor agreement with the union representing film and television directors, likely averting a work stoppage that would have piled pressure on media companies to settle with striking writers. The Directors Guild of America (DGA) will ask its 19,000 members to approve the three-year contract, which was announced late on Saturday after three weeks of talks. The agreement […]Read More

SYDNEY – Australian federal court officials on Monday began hearings on a lawsuit filed by a group of Torres Strait Islanders alleging the Australian government had failed to protect them from climate change, which threatens to destroy their homes. The case, the first climate class action brought by Australia’s First Nations people, was filed in 2021 on behalf of the remote islands of Boigu and Saibai in the Torres Strait off Australia’s north […]Read More

From left: BDO President and CEO Nestor V. Tan, and Metrobank President and CEO Fabian S. Dee The shareholders of electronic banking consortium BancNet, Inc. elected the company’s board of directors during their annual stockholders’ meeting held last May 23. At the board’s organizational meeting that followed, Nestor V. Tan and Fabian S. Dee were […]Read More

Information Security Officers Group (ISOG), the leading professional information security organization in the Philippines, commenced its annual I AM SECURE cybersecurity campaign with the first ISOG Shootfest held on May 18, 2023 at the Philippine Marine Corps Firing range. With the theme “Strengthening the Shield: Continuing Digital Transformation,” the ISOG Shootfest drew hundreds of partners […]Read More

A woman buys food items at a supermarket in Quezon City, March 4, 2022. — PHILIPPINE STAR/ MICHAEL VARCAS By Keisha B. Ta-asan, Reporter INFLATION likely slowed for a fourth straight month in May due to favorable base effects and a decline in prices of energy and some food items, analysts said. A BusinessWorld poll […]Read More

BW FILE PHOTO By Luisa Maria Jacinta C. Jocson, Reporter THE NATIONAL Government’s (NG) debt service bill more than doubled in March from a year ago, data from the Bureau of the Treasury (BTr) showed. The government’s debt payments surged by 111% to P142.171 billion in March from P67.389 billion in the same month a […]Read More

Philippine flags line the road in the City of Dasmariñas in Cavite, June 2, 2023. — PHILIPPINE STAR/EDD GUMBAN INVESTMENT APPROVALS by the Board of Investments (BoI) more than doubled as of mid-May, led by renewable energy projects. The Board of Investments (BoI) said it approved investment pledges worth P532.27 billion from 106 projects as […]Read More

Finance Secretary Benjamin E. Diokno holds a press briefing in Malacañang on May 30, 2023. — PHILIPPINE STAR/KRIZ JOHN ROSALES THE DEPARTMENT of Finance’s (DoF) Privatization and Management Office (PMO) is targeting to dispose of at least 143 properties worth P2.5 billion for the rest of the year. “The aggressive disposition of nonperforming assets will […]Read More

ACEN Corp. has secured approval from the government of New South Wales to increase the capacity of its battery energy storage system in Australia. In a statement on Sunday, the Ayala-led energy company said the facility’s capacity will be increased to 2,800 megawatt-hours (MW) or 1,400 MW per two hours from the initial 200 MW […]Read More

LOPEZ-LED Energy Development Corp. (EDC) is further expanding its geothermal power generation capacity in the Philippines with two prospects scheduled for drilling next year, its president said. Richard B. Tantoco, EDC president and chief operating officer, said between now and next year, the renewable energy arm of listed First Gen Corp. would be “in the […]Read More