machines, weight, weights

Gyms, fitness centers now allowed to run at 40% capacity

Gyms and fitness centers in Metro Manila, Bulacan and Rizal can now accommodate up to nearly half of their operating capacities as the government further eased business restrictions despite COVID-19 cases still increasing. The Department of Trade and Industry (DTI) released Thursday an advisory raising gyms’ and fitness centers’ permitted capacity to 40 percent, or…

storm, squall line, dark

Rockwell roars back, H1 earnings beat 2020 level

Upscale property developer Rockwell Land has seen earnings in the first six months exceed full 2020 level, riding on a resilient high-end residential property market during this prolonged COVID-19 pandemic. Building on this momentum, Rockwell is set to bring to the property market about worth of fresh property inventory this year, including two flagship projects…

entrepreneur, idea, competence

Kickstart intensifies hunt for elusive ‘unicorn’

Ayala group-backed corporate venture capital firm Kickstart Ventures has intensified its hunt for future “unicorns” here and abroad notwithstanding a prolonged COVID-19 pandemic, making use of a fresh fund to help bankroll early-stage to growth-stage tech startups. Kickstart, a wholly owned subsidiary of Globe Telecoms, is scouting for innovative companies with compelling, credible and scalable…

wallet, digital, mouse

Paymaya operator secures P8B to fund digital bank dream

The privately held technology company behind the PayMaya mobile wallet successfully raised , or over P8 billion, to fund its expansion and an upcoming digital bank. Voyager Innovations said on Monday the money came from existing investors PLDT Inc., China’s Tencent, global investment firm KKR and the International Finance Corp., through IFC Financial Institutions Growth…

ham, smoke, bacon

Gov’t sees green shoots of recovery

High inflation seen persisting throughout the year and vaccine hesitancy may slow the Philippines’ economic recovery, but the government is still confident that rebound from the pandemic-induced recession is just around the corner. In an economic bulletin Monday, Department of Finance (DOF) Undersecretary and chief economist Gil Beltran noted the 20.7-percent growth in total external…

Jollibee, McDonald’s serve up vaccination model for PH

When the Group president of Jollibee Foods Corp. and managing director of McDonald’s Philippines set aside their companies’ fierce rivalry in the fast-food sector in favor of pooling their expertise and resources to pursue a common goal for the Philippines, good things will likely happen. Among these is the acceleration of the government’s COVID-19 vaccination…

excavator, construction, site

Infra projects to create 1.6M more new jobs this year–Villar

The big-ticket infrastructure projects currently rolled out by the government will create an additional 1.6 million jobs this year, President Duterte’s infrastructure managers said on Wednesday. Public Works Secretary Mark Villar told the Asia Infrastructure Forum 2021 the government’s “Build, Build, Build” program had so far created as public infrastructure spending was doubled to 5…

doughnuts, desserts, pastries

BPI, DTI offer collateral-free loans to virus-hit SMEs

Ayala-led Bank of the Philippine Islands (BPI) has teamed up with the Department of Trade Industry (DTI) to offer collateral-free term loans to small and medium enterprises (SMEs) in need of lifeline during this prolonged COVID-19 pandemic. In a press statement, BPI business banking head Eric Luchangco said the collateral-free loan facility for SMEs signified…