7 Ways to Recession-Proof Your Finances in a Bear Market

A recession may be on the horizon. Gas prices are at a staggering $5 per gallon on average. Rents are soaring and inflation is at 8.6% — the highest it’s been in 40 years. The stock market is flirting with…

PetroEnergy to develop offshore wind farms with foreign partner

PETROENERGY Resources Corp. is planning to develop the three offshore wind power projects in its pipeline with a foreign partner, the Yuchengcos’ energy arm said in a regulatory filing on Tuesday. “These projects will be developed by PGEC (PetroGreen Energy…

Good or bad, it’s Hong Kong history says British colonial museum founder

THE COLONIAL badge “harbour picture” redesigned by the museum is seen at the Museum Victoria City, in Hong Kong, China, June 15. — REUTERS/TYRONE SIU HONG KONG — Bryan Ong has made it his mission to preserve items that tell…

Financial management platform Lista raises over $5.1M for expansion

LISTA Technologies Pte. Ltd., which operates a financial management platform for small business owners and individuals in the Philippines, announced on Tuesday that it had raised more than $5.1 million in its latest fund-raising round to accelerate the expansion of…

Net-zero Picasso: Museums rethink art shows to cut climate impact

THE PALAIS des Beaux-Arts has a new exhibition, “The Magic Forest,” that recycles 70% of the scenography and staging from an earlier Goya exhibit. One of the ways the museum achieved this was by reusing a “rotunda” room in the…

Razon files P28-billion Prime Infrastructure IPO

PHILIPPINE ports and gaming tycoon Enrique Razon, Jr. on Tuesday launched an up to P28-billion ($515 million) initial public offering (IPO) for his infrastructure and energy holding firm, according to a corporate filing. The IPO of Prime Infrastructure Capital, Inc.…

Cebu Landmasters plans to offer up to P8-B bonds

CEBULANDMASTERS.COM/ PROPERTY developer Cebu Landmasters, Inc. (CLI) announced that it plans to offer and issue peso-denominated fixed-rate bonds worth up to P8 billion. The bonds have a principal amount of up to P5 billion and a P3-billion oversubscription option. The…

Duterte designates Makati building as special ecozone

AYALALANDOFFICES.COM.PH PRESIDENT Rodrigo R. Duterte has designated Ayala Land, Inc.’s (ALI) office tower in Makati City as a special economic zone. Mr. Duterte signed Proclamation No. 1392 on June 13, which declared Circuit Corporate Center 2 as a special economic…

Philippine tourism industry seen to reach pre-pandemic levels by 2024 

Tourists flock to surfing spots in Baler, Aurora during summer. — PHILIPPINE STAR/ MICHAEL VARCAS By Revin Mikhael D. Ochave, Reporter THE DOMESTIC tourism sector is expected to reach pre-pandemic levels by 2024, although near-term challenges such as high inflation…

BSP unlikely to OK more digital banks in near term

BW FILE PHOTO IT MAY TAKE two to three years for the Bangko Sentral ng Pilipinas (BSP) to accept new applications for digital banks as it still needs to boost its capacity to regulate these kinds of lenders, according to…

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