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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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Households and businesses signal turnaround as economic optimism rebounds

Economic sentiment across the Philippines is turning a corner as both families and business owners show growing confidence in their financial future.

Gilas 3×3 women settle for silver, men fall short 

The Gilas Pilipinas 3x3 teams discovered on Friday that sometimes the basket simply refuses to cooperate. Both squads lost their final games at the Asian Games in Japan, with the women salvaging silver while the men were denied a place on the podium.

Heart disease remains country’s top cause of deaths

For millions of Filipinos, the biggest health threat does not arrive with the dramatic suddenness of a typhoon or an infectious outbreak. Instead, it creeps in quietly, day by day, making ischaemic heart disease the undisputed leading cause of death in the country.

Philippines climbs WEF tourism ranking but lags ASEAN peers

The Philippines has notched a notable jump in global tourism competitiveness, but structural hurdles continue to keep the country trailing its Southeast Asian neighbors.

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