ICTSI pays $130M to sustain Brazil expansion
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.
Taal Vista Hotel taps veteran hotelier for growth
A heritage hotel is getting a new hand at the helm.
Philippines faces US tariff despite forced labor reforms
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.
Big developers prioritize malls as retail thrives
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.
Sectors push for policy reforms amid record-high power costs
Various groups and industry stakeholders are calling for policy changes that help bring down electricity rates at the hearing convened by the Senate Committee on Energy on Thursday. The Department of Energy confirmed earlier this week that power rates average P12.43 per kilowatt-hour in June, the highest across all 11 ASEAN member states, and slightly higher than Singapore’s for the same month.
