International Container Terminal Services Inc. (ICTSI) is paying USD130 million to expand deeper into Brazil, bullish on the prospect that the South American country's booming agricultural exports will fuel its next phase of growth.
The Philippines will still face a 12.5 percent tariff on most exports to the US after Washington concluded its latest Section 301 review, finding that Manila had not yet effectively enforced a ban on imports produced through forced labor despite newly adopted reforms.
The Philippines’ biggest property developers are placing greater emphasis on malls as retail continues to outperform other real estate segments, supported by resilient consumer spending and the appeal of stable recurring rental income.
Gilas Pilipinas was hanging on by a thread in overtime, with Jordan threatening to snatch away a game the Philippines had spent the night clawing back into.
International Container Terminal Services Inc. (ICTSI) announced Friday it will acquire 100 percent ownership of TLG Acquisition Holdings (RF) Proprietary Limited (TLG), a leading integrated port and cargo-handling services provider operating across Mozambique, Namibia, and South Africa.
Listed PhilWeb Corp. (PSE: WEB) has elected Lance Y. Gokongwei as chairman of its board, completing a governance overhaul following his P2.02 billion strategic investment in the company and appointment as a director in July.
The Bangko Sentral ng Pilipinas (BSP) today welcomed the Japan Credit Rating Agency (JCR)’s affirmation of the Philippines’ “A-” investment-grade credit rating with a stable outlook, a vote of confidence in the country’s solid economic fundamentals even amid growing global uncertainty such as the ongoing conflict in the Middle East.