CATEGORIES

Lucio Co gobbles up beer importer Booze

The Keepers Holdings Inc. of tycoon Lucio Co is gobbling up a local beer importer, further boosting the company's extensive portfolio.

DTI's probe on cement imports to bolster local industry

The Department of Trade and Industry (DTI)'s probe into the rising influx of imported cement is seen as essential for strengthening the struggling local cement industry that has faced increasing competition from imports.

COD Manila adopts responsible gaming

City of Dreams Manila, part of the Melco Resorts and Entertainment Group, has taken the initiative to promote and observe responsible gaming practices in the Philippines.

Missing the boat again

As soon as it was certain that Trump had won the elections, business news media started publishing a lot of stories about worried investors in China-based manufacturing facilities as well as US marketing companies dependent on their China supply chain.

BSP launches GCash investigation over unauthorized deductions

The Bangko Sentral ng Pilipinas (BSP) has launched an investigation into G-Xchange Inc. (GXI), the operator of GCash, following numerous complaints from users reporting unauthorized deductions on their e-wallet accounts.

Pag-IBIG savings soar to almost P100 B

Member savings collections of the Home Development Mutual Fund, commonly known as Pag-IBIG, reached almost P100 billion as of the third quarter, allowing the agency to finance the higher demand for home loans.

Recovering consumer demand lifts Cosco's profit

Earnings of Cosco Capital Inc., the listed retail holding firm of tycoon Lucio Co, increased by 10 percent in the nine months ending September on the back of strong operating performance across all its business segments.

JFC 9-month income gets boost from Compose Coffee acquisition

Higher system-wide sales and contributions of recently acquired South Korean value coffee brand boosted earnings of Asian food conglomerate Jollibee Foods Corp. (JFC) by nearly a quarter in the nine months ending September.

SMC earnings climb 19% to P37 B

Earnings of diversified conglomerate San Miguel Corp. (SMC) rose by nearly a fifth in the nine months ending September, on the back of strong revenue growth across its businesses.

PAL profit down on spending spurt

Flag carrier Philippine Airlines (PAL) sustained a 55-percent drop in its profit in the nine months to September, dragged by declining passenger revenues and spiking aviation costs.

Lingering headwinds sink stocks deeper

The local stock market sank deeper as investor sentiment remained affected by lingering headwinds.

MVP sees PLDT attaining income goal of P35 B

Industry leader PLDT Inc. is projected to close the year achieving its target of raising P35 billion in core income, as the telco managed to squeeze in profit growth amid market challenges.

"Phl leads Asean in credit growth trend"

The Philippines is expected to post the most optimistic credit growth trend across the Association of Southeast Asian Nations (ASEAN), according to Bank of America Global Research.

Legislated funding eyed to revitalize ailing banana industry

The government and industry stakeholders are looking at legislating a plan that will not just revitalize the country's ailing banana sector but also salvage the country's eroding market share abroad.

Treasury streamlines tax treaty procedure

The Bureau of the Treasury has rationalized tax treaty procedures for government securities in a bid to boost the local capital market.

Kai now in town

Kai Sotto arrived here from Japan the other night ready to join Gilas at the Inspire Sports Academy camp in Calamba on Friday.

Pampanga makes nat'l finals

Pampanga sprinted as San Juan sputtered in the homestretch, pushing the Giant Lanterns past the Knights, 81-73, and to their second straight North Division crown in the MPBL Sixth Season Monday at the packed Bren Z. Guiao Convention Center in San Fernando, Pampanga.

Alcaraz yields to Ruud

Carlos Alcaraz struggled with a stomach issue and looked far from the player who won two Grand Slams this year while losing to Casper Ruud 6-1, 7-5 at the ATP Finals on Monday.

PLDT OFF TO FLYING START

DAVISON, PALS RIP CHAMELEONS

Pirates close in on Final Four berth

Jonathan Daileg went from zero to hero as he bailed out Lyceum of the Philippines University with a fourth quarter to remember in a 74-65 victory over Emilio Aguinaldo College yesterday in NCAA Season 100 at the Filoil EcoOil Arena.

Wembanyama joins elite cast

San Antonio Spurs center Victor Wembanyama had another monstrous outing that put him in the record books among some impressive company.

Meralco unveils Durham sub

EASL action shifts to the PhilSports Arena tonight as PBA champion teams San Miguel Beer and Meralco take on separate opponents in a twinbill that's a double treat for fans. In the 6:10 p.m. curtain raiser, the Beermen face the Taoyuan Pauian Pilots of Taiwan and in the 8:10 p.m. nightcap, the Bolts battle the Busan KCC Egis of Korea.

Yale university to offer course on Beyonce

With a record 99 Grammy nominations and acclaim as one of the most influential artists in music history, pop superstar Beyonce (in photo) and her expansive cultural legacy will be the subject of a new course at Yale University next year.

North Korea ratifies major defense treaty with Russia

North Korea ratified a major defense treaty with Russia stipulating mutual military aid, the North's state media reported yesterday, as the US, South Korea and Ukraine say North Korea has sent thousands of troops to Russia to support its war against Ukraine.

Ukraine says Russia has 50,000 troops in Kursk

Ukraine said on Monday its hard-pressed military was battling 50,000 troops in Russia's Kursk region to its north, while also scrambling to reinforce two besieged fronts in the east and bracing to meet an infantry assault in the south.

World leaders meet for climate talks; big names missing

Dozens of world leaders arrived in Azerbaijan yesterday for COP29, but many big names are skipping the UN climate talks where the impact of Donald Trump's election victory is keenly felt.

Kremlin denies Trump call, says West not ready for talks

Russia on Monday denied a reported call between President Vladimir Putin and US president-elect Donald Trump on the Ukraine conflict and said it saw no signs the West was ready for talks.

SC: Sulu exclusion from BARMM takes effect immediately

A ruling upholding the constitutionality of the Bangsamoro Organic Law but excluding Sulu from the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) is immediately executory, according to the Supreme Court.

Worker sues Casio over slapping incident

A business process outsourcing employee who was slapped by relieved Presidential Anti-Organized Crime Commission (PAOCC) spokesman Winston John Casio during a raid on a suspected Philippine offshore gaming operator hub in Bagac, Bataan has filed criminal charges against the official.

Burglars hit Laguna gov's house

Burglars reportedly broke into the house of Laguna Gov. Ramil Hernandez and carted away P20 million in cash, police said yesterday.