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Losses force CNN Ph to end nine-year broadcast

Transport & Logistics Context.ph Context.ph -
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

Corporate Context.ph Context.ph -
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

Banking & Insurance Context.ph Context.ph -
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

Agriculture Reuters Reuters -
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

Energy & Mining Context.ph Context.ph -
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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DA rejects auction of seized Vietnamese rice, pushes donation to DSWD instead

Agriculture 0
Agriculture Secretary Francisco P. Tiu Laurel Jr. has firmly opposed plans to auction thousands of metric tons of seized Vietnamese rice, warning the move could let those behind its illegal entry earn from the shipment.

Cebu Pacific first to use new ground equipment at Clark airport

Transport & Logistics 0
Cebu Pacific has become the first airline to use bridge-mounted equipment or BME at Clark International Airport, a new system that will lower fuel consumption and reduce emissions during ground operations.

BSP warns public over scams impersonating its officials and staff

Banking & Insurance 0
The Bangko Sentral ng Pilipinas (BSP) has issued a public advisory warning against fraudsters falsely presenting themselves as BSP officials or employees. Scammers may send letters, emails, or text messages asking people to deposit or transfer money, claiming the payment is needed to release, recover, or restore funds, or even for charitable causes. Some also show fake BSP identification cards complete with names, photos, and forged signatures to appear credible.

JTI Philippines names Alan Jackson as new GM

Corporate Bulletins 0
JTI Philippines has appointed Alan Jackson as general manager, tapping his international leadership experience as the tobacco company seeks to expand its portfolio, strengthen operations and address illicit trade in the local market.

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