The Philippine office property segment is seen to end this year on a strong note, with demand for additional office space from the level in 2020 when the pandemic disrupted most businesses, thanks to the resilient business process outsourcing (BPO) industry. This is according to property consulting firm Leechiu Property Consultants (LPC), which estimated full-year…
Shareholders of Philippine Airlines’ (PAL) parent firm, PAL Holdings Inc., voted on Thursday to enlarge its capital base and issue more shares to provide financial support to the flag carrier through its Chapter 11 creditor protection plea. Following the company’s stockholders’ meeting, PAL Holdings said shareholders of the company, controlled by billionaire Lucio Tan, approved…
Investment banking giant Goldman Sachs expects the Philippine economy to grow the fastest in Asean (Association of Southeast Asian Nations)-5 next year, despite some uncertainty to be wrought by the “wide open” 2022 presidential elections. In a Nov. 18 report, Goldman Sachs Economics Research projected the Philippines’ , within the government’s 7 to 9 percent…
Unmanned aerial vehicles (UAVs), or drones, are evolving beyond military applications to become a mainstay in boosting productivity within industries and organizations. As drones become more technologically sophisticated, this creates new opportunities for drone operators and their technology partners. In the Philippines, we are already seeing drones helping to keep commercial activities going and contain…
Citi has raised over for Asia Pacific clients from global and local capital markets year to date, to support their sustainable financing needs. This is an increase of over 500% versus the same period in 2020. In the Philippines, Citi has helped raise over US$1billion in green and sustainable bond financing for local clients over…
After its recent declaration of an ambitious commitment to plant 2.5 million bamboo clumps and a million trees in the Philippines in the next three years, Nestlé Philippines has once again embarked on another sustainability initiative that seeks to address the impact of climate crisis in the country, and is inviting young Filipinos to take…
Averting the disastrous effects of climate change and global warming would require all hands on deck. Chit Juan, founder of the pioneering sustainable ECHOstore; Vicky Abad, country manager of Ipsos Philippines, a global market research and consulting firm; and Manny Blas, vice president of the Estates Group of Ayala Land Inc. (ALI), agreed that these…
Investment holding firm Premiere Horizon Alliance Corp. (PHA) has obtained board approval to buy 33 percent of digital payments firm Squidpay Technology Inc. (SPT) for as part of a “reverse takeover” deal that ceded PHA’s boardroom and management control to SPT’s owners. Trading on PHA was suspended by the Philippine Stock Exchange on Thursday pending…
The 252-megawatt wind farm in Vietnam’s Quang Binh province, a joint venture between the Ayala group’s AC Energy Corp. (Acen) and AMI Renewables, has started commercial operations. This is the partners’ third project together, touted as one of the largest wind farms in Vietnam. It now paves the way for the two companies to pursue…
Philippine exports are on track toward closing the year with better numbers and sustain the sector’s improved performance in the first half as the country and the rest of the world continue to recover from the coronavirus pandemic, according to the central bank. In an online briefing on Thursday, Bangko Sentral ng Pilipinas Governor Benjamin…