International Container Terminal Services Inc. said Thursday its board approved a plan to borrow $750 million from Metropolitan Bank & Trust Co.
ICTSI, the port...
Out of pocket healthcare expense, by itself already problematic for the greater number of Filipinos, is bound to get worse in the years ahead, according to an assessment by the insurer AXA.
Their decision, expected later this year, could influence Asian financial hubs from Tokyo to Singapore to draft more inclusive laws as a drawcard for the diverse, global talent that multinational corporations from banks to technology giants are seeking to hire and retain.
Global oil prices were up in early trade on Thursday backed by tighter U.S. supply, with a focus on China factory activity due later in the day amid recent weak economic expansion data in the world's second-biggest economy.
Philippine manufacturers shifted into “retrenchment mode” in September, cutting jobs, purchases and inventories as weak demand, high oil prices and international competition pushed the sector back into contraction, S&P Global Market Intelligence said.
PH Resorts Group Holdings Inc. has permanently closed Donatela Resort & Sanctuary in Panglao, Bohol, as part of a broader restructuring with parent Udenna Corp. aimed at addressing legacy obligations.
A proposed tobacco-specific anti-illicit trade law could give Philippine authorities additional tools to pursue smaller shipments and target the machinery, raw materials and distribution networks used in illegal cigarette production, industry representatives said.
SM Hotels & Conventions Corp. (SMHCC) is expanding further into premium leisure with a Shangri-La-branded resort at Hamilo Coast, broadening its hospitality portfolio beyond city hotels, convention facilities and established leisure properties.