AbaCore unit inks P5.1-B deal for Batangas condotel

OMNICOR Industrial Estate & Realty Center, Inc. recently signed a $100-million (P5.05 billion) joint venture deal with Starfleet Innotech, Inc. (SFIO), a New Zealand-based conglomerate, to develop a 500-unit condotel project in Batangas City. Omnicor is a wholly owned subsidiary of listed AbaCore Capital Holdings, Inc.’s (ABA) 100% owned unit, Philippine Regional Investment Development Corp. […]Read More

An elegant solution

1 of 2 LUXURY watch brand Jaeger-LeCoultre once had a very expensive problem on its hands in 1931: rough games were breaking the expensive watches of polo players. The brand — founded in 1833 — then released one of its most popular watches, the Reverso, and arguably, one of the most elegant (in every sense […]Read More

FedEx Express doubles capacity for PHL shipments

EXPRESS transportation company FedEx Express said it recently launched two additional flights connecting businesses in Asia-Pacific countries, including the Philippines, to Europe and America, and made its fleet in Asia 100% wide-body. “These new flights double the current capacity for Philippine shipments. This is particularly beneficial for Filipino small and medium-sized enterprises that aim to […]Read More

Being beautiful inside and out

A MAKEUP brand is aiming to make you beautiful inside and out with a new website containing a directory of mental health professionals to help you achieve your best self. After all, doesn’t beauty start from the inside? To celebrate its ninth anniversary in the Philippines, BYS launched a new campaign called “Break Your Stigma” […]Read More

Rates of T-bills, bonds may move sideways ahead of Fed

GOVERNMENT SECURITIES to be offered by the Bureau of the Treasury this week could see their yields move sideways. — BW FILE PHOTO RATES of government securities could move sideways this week on the flattening of the US yield curve ahead of the Federal Reserve’s policy meeting. The Bureau of the Treasury (BTr) is looking […]Read More

Globe Telecom expands 5G in Visayas and Mindanao areas

GLOBE Telecom, Inc. said it recently expanded its fifth-generation (5G) network coverage in Bacolod City, Boracay, Iloilo City, and Cagayan de Oro City (CDO), allowing customers to take advantage of the technology’s potential and opportunities. The Ayala-led telco installed 5G towers in those areas, including tourist destinations in Malay, Aklan. In an e-mailed statement on […]Read More

Kim Kardashian West collaborates with luxury label Fendi

FENDI X SKIMS KIM KARDASHIAN West’s shapewear brand, Skims, is collaborating with Fendi on a new clothing collection, the companies said last week. The new collection of body-hugging apparel is slated to be launched on Nov. 9 and was jointly designed by Kardashian West and British fashion designer Kim Jones, said Fendi, LVMH’s Italian luxury […]Read More

Peso likely to weaken vs dollar on expectations of high

BW FILE PHOTO THE PESO is seen to weaken versus the greenback this week amid expectations of faster inflation in October. The local unit closed at P50.415 per dollar on Friday, gaining 29.5 centavos from its P50.71 finish on Thursday, data from the Bankers Association of the Philippines showed. It also appreciated by 37.1 centavos […]Read More

PSEi gains 1.5% in Oct. on gradual reopening

THE stock market performed slightly better in October than in September with the decline of coronavirus disease 2019 (COVID-19) reproduction rates and reopening of the economy. The 30-member Philippine Stock Exchange index (PSEi) dropped by 103.03 points or 1.43% to close at 7,054.70 on Friday, while the broader all shares index lost 34.06 points or […]Read More

PNOC calls off planned P1.4-B port project for larger vessels

THE Philippine National Oil Co. (PNOC) said its proposed port development project in Mabini, Batangas that would have accommodated larger-capacity vessels is no longer deemed viable due to the current economic conditions. “In a special meeting held on Oct. 20, at which a quorum was present, the board of directors of the PNOC, exercised their […]Read More