Re-opening with renewed energy – it’s time to look beyond tired and inflexible energy supply

After a challenging twelve months, smaller businesses are looking forensically at every aspect of their operations. Legacy processes are being reassessed in favour of more nimble and transparent ways of working. Steve James, CEO, Valda Energy, explains how flexible energy…

LANDBANK lets clients open digital accounts via mobile app

BW FILE PHOTO STATE-RUN Land Bank of the Philippines (LANDBANK) launched on Wednesday its digital on-boarding system (DOBS) mobile application to allow its clients to open digital savings accounts without needing to visit its physical branches. LANDBANK said applicants are…

Cebu Air shareholders approve long-term incentive plan for employees

SHAREHOLDERS of Cebu Air, Inc., the listed operator of budget carrier Cebu pacific, approved on Wednesday the company’s long-term incentive plan for its employees, partly aimed at attracting and retaining key talents. Majority of the shareholders voted to approve the…

Yields on term deposits drop on GDP data ahead of BSP review

BW FILE PHOTO YIELDS ON the central bank’s term deposits declined on Wednesday following the release of the first-quarter gross domestic product (GDP) data and ahead of the Monetary Board’s policy review where it was expected to keep benchmark rates…

Jollibee swings to profitability, moves to cut debt

JOLLIBEE Foods Corp. (JFC) generated P153 million in net attributable income despite lower sales in the first quarter, it said on Wednesday, as it bounced back from the P1.68-billion loss recorded in the same period last year. The fast-food giant…

Duterte orders gov’t agencies to identify savings

PRESIDENTIAL PHOTO/ JOEY DALUMPINES PRESIDENT Rodrigo R. Duterte has directed all agencies under the Executive department to identify savings from their 2020 budgets. In Administrative Order No. 41, the President ordered agencies to identify portions or balances of their released…

PHL economy will struggle to recover — Fitch Solutions

The Philiwppine economy shrank by 4.2% in the first quarter, the fifth consecutive quarter of decline since the pandemic began. — PHILIPPINE STAR/ MICHAEL VARCAS THE PHILIPPINE ECONOMY will likely “struggle to recover” this year amid a “third wave” of…

Gov’t eyes credit rating system for LGUs by 2022

COURTESY OF DBP FACEBOOK PAGE THE GOVERNMENT is working on establishing a credit rating system for local government units (LGUs) by next year, as part of efforts to encourage them to issue bonds to raise funds for development projects. State-run…

Q1 PEZA investment approvals rise 54%

REUTERS By Jenina P. Ibanez, Reporter INVESTMENT PLEDGES approved by the Philippine Economic Zone Authority (PEZA) increased by almost 54% in the first quarter after coming off a low base last year. PEZA in a report on Wednesday said that…

BSP maintains key rate at record low

The Bangko Sentral ng Pilipinas on Wednesday left its key interest rate unchanged at a record low. — REUTERS THE BANGKO SENTRAL ng Pilipinas (BSP) held its key interest rate at a record low for a fourth straight meeting on…

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