CATEGORIES

Phl startups need funding boost, tax incentives

The government needs to increase funding support and implement a special tax program for local startups to propel the growth of the country's startup ecosystem, according to venture capital fund Gobi-Core Philippine Fund.

PIDS: Economy to grow by at least 5.8% this year

The Philippines is expected to post a faster growth of 5.8 to six percent this year from a year ago, with the expansion to be supported by government spending as well as consumption, according to the Philippine Institute for Development Studies (PIDS).

Balai income up 26% to P52 M in 9 months

Earnings of counter service bakery operator Balai ni Fruitas Inc. climbed by a little over a quarter in the nine months ending September as the company's revenue nearly reached the half-billion-peso mark.

Top Line to push through with P2.75-B IPO

Top Line Business Development Corp. is ready to brave the prevailing market conditions and push through with its initial public offering (IPO).

DMCI Homes debuts in Cebu City

DMCI Homes, the property development arm of the Consunji Group, is investing around P24 billion in its foray into the Cebu real estate market.

Dito CME to proceed with follow-on offer

Dito CME Holdings Corp. of Davao-based businessman Dennis Uy is proceeding with its planned follow-on offering of up to P4.2 billion this month.

NGCP readies P600-B capex projects

The National Grid Corp. of the Philippines (NGCP) is allocating over P600 billion for the development of more than 100 capital expenditure transmission projects in the pipeline.

Manila Water profit jumps 39% to P10 B

Razon-led Manila Water Co. Inc. reported a 39 percent year-on-year jump in its net income in the nine months ending September, driven by double-digit increase in its revenues on the back of higher tariff and billed volume.

RCBC earnings slide to P6.2 B in Jan-Sept

Rizal Commercial Banking Corp. (RCBC) reported a net profit of P6.22 billion from January to September, 31.1 percent lower compared to the P9.03 billion recorded in the comparable period last year.

Petrochem unit gets P17 B from JG Summit

Conglomerate JG Summit Holdings Inc. is injecting fresh capital to its petrochemicals unit to pay off maturing obligations.

Privatize Pagcor right away

A few weeks ago, PAGCOR Chairman Al Tengco told me that BBM is determined to privatize PAGCOR and has already started the ball rolling to get this done.

Gaming revenue hits P266 B in 9 months

The local gambling industry is still raking in from increased operational capacity with its gross gaming revenue (GGR) growing to P266 billion in the nine-month period, effectively hitting nearly 80 percent of its target for the year.

CPG sets sights on provincial expansion

Century Properties Group Inc. (CPG), the listed property developer of the Antonio family, has set its sights on more provincial expansion after its expanded geographic and product footprint propelled earnings to a double-digit growth in the nine months ending September.

24 green projects up for grid impact study

The Department of Energy has cleared 24 green energy projects to undertake a system impact study (SIS) with the National Grid Corp. of the Philippines (NGCP).

GT Capital nets P21.72 B in 9 months

Conglomerate GT Capital Holdings Inc. saw its earnings dip in the nine months ending September on the absence of significant property sales realized by the parent company and Federal Land.

Meralco unit, Polish firm to deploy EV charging hubs

Movem Electric Inc., the sustainable mobility arm of Manila Electric Co. (Meralco), has teamed up with Poland-based ChargeEuropa to roll out electric vehicle (EV) charging hubs in the Philippines.

Market extends losing streak

Share prices plunged anew yesterday as investors continue to exit the market, extending the local bourse's losing streak to

Foreign investment pledges surge

Investment commitments from foreign firms approved by investment promotion agencies (IPAs) jumped by 434.4 percent in the third quarter from a year ago, with the bulk going into manufacturing activities.

S&P: Phl banks' profit to moderate in 2025

The earnings of Philippine banks could moderate over the next two years as net interest margins decline in line with anticipated policy rate cuts, according to S&P Global Ratings.

Akil powers Bolts to 2nd EASL win

New import Akil Mitchell provided the main power source as Meralco nipped Korean champ Busan KCC Egis, 81-80, for its second win in the East Asia Super League Season 2 Wednesday at the PhilSports Arena.

Tolentino erupts for 27, Choco Mucho triumphs

On her return from a long absence, Choco Mucho star Kat Tolentino made sure everybody noticed. She delivered a devastating 27-point masterpiece in a pulsating 27-29, 25-20, 25-19, 17-25, 15-12 victory by the Flying Titans over the upset-conscious Galeries Tower Highrisers yesterday in the Premier Volleyball League All-Filipino Conference at the Filoil EcoOil Arena.

Alcaraz pummels Rublev; Ruud loses

Carlos Alcaraz opened his account at the ATP Finals on Wednesday with an entertaining 6-3, 7-6 (10/8) win over Andrey Rublev, while Casper Ruud missed an early chance to reach the semifinals after losing in straight sets to Alexander Zverev.

Eyes on Bandala, Gonzaga

Pete Bandala and Ayl Gonzaga are set to showcase their skills and talent as they go for a double-title run in the Dipolog City National Juniors Tennis Championships, which kicks off today at the RGS and Mibang courts in Zamboanga del Norte.

Harlem in NBA?

In 2021, the Harlem Globetrotters sent an open letter to NBA commissioner Adam Silver, suggesting to join the league as a franchise.

Del Rosario climbs to joint 9th

Pauline del Rosario heated up with a 69 yesterday, countering Mikha Fortuna's cooled-off 73 as the Epson Tour veteran set her sights on capturing a second LPGA of Taiwan (TLPGA) championship at the Party Golfers Ladies Open in Hsinchu County in Taiwan.

CONE WANTS KOUAME TO BE GILAS REGULAR

While Justin Brownlee is the main naturalized player, coach Tim Cone would prefer to have backup Ange Kouame in every Gilas Pilipinas training camp and hopefully, naturalization prospect Bennie Boatwright soon.

Brahmans extend run

University of Batangas pulled off a five-set thriller over defending men's champion Philippine Christian University-Dasmariñas in the Universities and Colleges Athletic League-PGFlex Season 7 Volleyball at the UB gym in Batangas City.

Israel strikes Hezbollah areas in Beirut for third day

Israeli forces launched airstrikes on Hezbollah-controlled areas in Beirut for a third consecutive day on Thursday, hitting locations in the capital's southern suburbs early in the morning after a night of heavy bombardments.

Thailand's baby hippo releases song in 4 languages

In case you can't get enough of the little pygmy hippo Moo Deng from Thailand, there's now an official song featuring the internet's favorite baby animal - released in four languages for her global fans.

King Charles turns 76 after year of little celebration

L Britain's head of state King Charles III (in photo) turns 76 today, still in the grip of cancer treatment, but with his passion for work undimmed by what his son and heir Prince William called a \"brutal\" year.