The inflow of long-term investments into the country continued its momentum in April 2021 as foreign fund managers allocated more funds to Philippine-issued debt from both the public and private sectors, according to the central bank. In a statement, the Bangko Sentral ng Pilipinas said that foreign direct investment net inflows more than doubled at…
Megawide is no stranger to crises. Since we started operations more than two decades ago, we have developed key insights that have helped us navigate through the different cycles and thrive amid the most difficult times in our company’s—and country’s—unfolding history. We were born during the 1997 Asian financial crisis and started out as a…
The business process outsourcing (BPO) sector has regained ground amid the disruptions brought about by the COVID-19 pandemic since 2020, fueling what appears to be the start of the office property segment’s rebound. Thanks to these BPOs, the Philippine office property market now “appears ready to take off and resume its prepandemic growth trajectory,” based…
The recovery of the Philippine economy from its worst postwar contraction last year is starting to gain traction as evidenced by the strength of the latest key indicators, the head of the central bank told foreign businessmen and diplomats recently. Speaking before the Joint Foreign Chambers, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said economic…
The Securities and Exchange Commission (SEC) has cleared the real estate investment trust (REIT) offering of as much as P14.92 billion planned by Gotianun-led Filinvest Land Inc. Filinvest-sponsored Cyberzone Properties, which will change its name to Filinvest REIT Corp., was authorized to offer to the public up to for up to P8.30 per share, with…
The declining number of COVID-19 cases in the Philippines augurs well for economic recovery and the return of jobs lost amid last year’s pandemic-induced steep recession. But three think tanks on Monday cautioned the government against letting down its guard against the virus, especially as the more contagious Delta variant forced renewed lockdowns which hurt…
With the sudden heavy dependence on online transactions as a result of quarantine restrictions to contain the spread of COVID-19, trust has become an even more important value for both consumers and businesses. Consumers had to trust businesses online with their valuable personal information, for example, while companies had to trust their employees to really…
Beverage-maker Pepsi-Cola Products Philippines Inc. has expanded its bottling capacity, adopted digital platforms and accelerated sustainability initiatives amid a challenging environment caused by the prolonged pandemic. “ When most companies feared to move forward, PCPPI chose to make big moves and transform,” company president and CEO Frederick Ong said during PCCPI’s recent stockholders’ meeting. PCPPI,…
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…
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…