Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world’s biggest IPO, but missed Crown Prince Mohammed bin Salman’s initial target of $2 trillion.
The Philippines has been known for being difficult in terms of ease in doing business.
The Mount Apo geothermal power facility of Lopez-led Energy Development Corporation (EDC) had been back on-line and to normal operations after it was disrupted by the strike of earthquake last month.
The Department of Agriculture (DA) had sought help from World Bank to fund more than ₱25 billion worth of projects on top of the ₱27-billion Philippine Rural Development Project (PRDP), which is poised to get additional budget soon.
The Bangko Sentral ng Pilipinas (BSP) said it registered $105 million of net foreign portfolio investments in October, reversing September’s $232-million net outflows.
Mrs. Elizabeth Yu Gokongwei passed away peacefully on Saturday, Nov. 16, 2019, a week after the death of her husband the late industrialist John Gokongwei Jr.,
Gasoline prices are anticipated to go up by P0.80 to P0.90 per liter next week, based on the calculations of the oil companies.
The Securities and Exchange Commission (SEC) has ordered the Capital Markets Integrity Corporation (CMIC) – the independent audit, surveillance and compliance arm of the Philippine Stock Exchange (PSE) – to take over the operations of stockbroker R&L Investments, Inc. to protect affected customer accounts.
Ayala Corporation is investing US$237.5 million to forge a strategic partnership with the Yoma Group, Myanmar’s leading conglomerate led by the Pun family.
Amid its anticipated pullout from the Malampaya gas field project due to a ‘highly tempting’ purchase offer from Davao businessman Dennis Uy, American energy giant Chevron Corporation indicated that it will be maintaining its downstream oil business in the Philippines — which primarily carries the Caltex brand.
The strength of SM Hotels and Convention Corporation (SMHCC) as a company not only lies in having a competent workforce, established processes, and a clearly defined mission statement. It also rests in having a woman leader with an empathetic approach who inspires the rest of the team to be better than their best. Such is SMHCC’s President Elizabeth T. Sy.
The United States tech multinational Amazon announced Thursday that it would protest the Pentagon’s award to Microsoft of a cloud computing contract valued at up to $10 billion.
China has lifted import restrictions on poultry products from the United States after nearly five years, according to the General Administration of Customs and the Ministry of Agriculture.
Chinese tech giant Huawei is selling its first folding smartphone without Google apps or U.S.-made processor chips following sanctions imposed by Washington.
AllHome Corporation, the Villar group’s pioneering one-stop shop home store in the Philippines, delivered a record 225 percent growth in net income to P746.2 million for the first nine months of 2019 from P229.7 million in the same period last year.
CDO Foodsphere, Inc. chairman and co-founder Jose “Pepe” J. Ong passed away Thursday at the age of 78.
Chinese technology giant Alibaba confirmed Friday its plans to list on the Hong Kong stock exchange, in an initial public listing aiming to raise up to $13.8 billion.
China Thursday said it is discussing with the US “in depth” about a first phase trade deal and a potential rollback of tariffs, despite recent mixed messages over the lingering trade impasse.
Getting turned off by the hassles and extra transaction fees of moving money to another bank account?
In Negros Occidental, known as the “Sugar bowl of the Philippines”, a small farming community called PeacePond is attempting to reduce its environmental footprint through the Balik Plastic Project or Blastik Project, its joint initiative with the Alternative Indigenous Development Foundation (AIDFI), supported by The Coca-Cola Foundation.