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Steady foot traffic rise drives Shakey’s earning to double-digit growth 

Shakey’s Pizza Asia Ventures Inc., a leading food service group, defied a challenging macroeconomic environment last year, attracting significant foot traffic to its pizza place, potato fries stalls, and roasted chicken restaurants to score a 23 percent gain in net profit to P1.08 billion.

MB green lights $2.87-billion public sector foreign borrowings in 1Q 2024

The policy-making Monetary Board of the Bangko Sentral ng Pilipinas (BSP) on Monday approved USD2.87 billion worth of foreign borrowings by the public sector in the first three months of the year.

Fuel at the pumps rise yet again beginning Tuesday

The price of fuel at the pumps rises yet again at past midnight on Tuesday when retailers Seaoil and Caltex sell its gasoline products P0.40 per liter higher, diesel P0.95 per liter more and kerosene by another P0.85 per liter.

SSI Group gets sales boost from consumers’ rising discretionary spending

SSI Group, a listed manager and specialty retailer of international fashion brands, on Monday reported net profit last year rising 34 percent to P2.58 billion on consumers’ increasing discretionary spending that buoyed sales of its unique brand portfolio and strategic store network.

EastWest breaks new ground in digital banking with AI chatbot ESTA

EastWest Bank, one of the fastest-growing banks in the country and a pioneer in Philippine digital banking solutions, announces the latest updates on its...

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NFA cites funding gap in meeting 15-day rice buffer stock target

The National Food Authority (NFA) is struggling to meet the government’s 15-day rice buffer stock requirement as stagnant funding, limited storage and inadequate logistics constrain its ability to buy more palay from Filipino farmers.

Healthcare gaps threaten PH tourism growth, Ayala exec warns

The Philippines’ tourism ambitions face a major hurdle as inadequate healthcare in popular destinations and high operating costs discourage investment in medical facilities.

ADB offers $500M emergency funding as El Niño risks loom

The Asian Development Bank (ADB) is ready to provide the Philippines with up to USD500 million in emergency financing to help address disasters, including the potential impact of a severe El Niño episode, although the government has yet to request additional assistance.

PITX plans smart transport hub network as terminal nears capacity

From a once-contested solution to Metro Manila’s provincial bus congestion, PITX is positioning itself for a bigger role in the country’s transport system as passenger traffic approaches its design capacity.
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