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Losses force CNN Ph to end nine-year broadcast

CNN Philippines on Friday said it is ending its operations in the country after nine years due to financial losses.

Vista Land plans new borrowings to refinance debt, fund investments

Vista Land & Lifescapes, Inc., the property group of billionaire and former Senate President Manuel Villar, said Friday it has mandated DBS Bank Ltd. and HSBC...

IMF says ‘not yet there’ on need for systemic approach to high debt

The International Monetary Fund still favors a case-by-case approach to dealing with sovereign debt issues, but is closely monitoring developments to ensure it is prepared if a more systemic approach is needed, a top official said on Thursday.

India rates spring to record highs on dwindling supplies, firm demand

Rates of parboiled rice exported from top hub India advanced to record highs this week on limited supplies and steady demand from Asian and African buyers, while prices eased in Vietnam and Thailand.

P2 billion cost savings from measures ahead of hot months

Guidelines implementing a government-wide energy saving program is seen generating an estimated P2 billion, the Department of Energy (DOE) said on Thursday. The guidelines implementing Administrative Order 15 signed earlier by President Ferdinand Marcos Jr. should be out the latest by mid-February.

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Kairos Care eyes Philippine IT-BPO hub for Australian healthcare

Australian healthcare provider Kairos Care/Kairos Medical Group is exploring the Philippines as a base for export-oriented IT-BPO operations that would support its Australian healthcare business, adding to growing interest in the country as a destination for knowledge-intensive services.

Solane, PASCO help carinderias fight rising costs

Small food businesses are getting a practical boost as Solane and the Philippine Association of Sari-Sari Store and Carinderia Owners (PASCO) roll out a nationwide program designed to cut operating costs, improve kitchen safety, and make micro enterprises more resilient.

Globe Business boost financial institutions’ fraud defenses amid new anti-scamming law

As digital banking, e-wallets, and embedded finance transform financial access across the Philippines, Globe Business is equipping banks and financial firms with advanced, proactive security tools to meet requirements under the newly enacted Anti-Financial Account Scamming Act (AFASA), or Republic Act No. 12010.

Meralco restores power to most Habagat-affected customers

Manila Electric Company (Meralco), led by Manuel V. Pangilinan, has restored electricity to nearly all customers affected by service interruptions caused by the enhanced southwest monsoon or Habagat, following around-the-clock efforts by its crews and field personnel.

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