You Owe $10,000 Less on Federal Student Loans, Here’s What to Do Next

After years of speculation, millions of student loan borrowers received some excellent news today. The Biden administration announced it would forgive $10,000 of federal student loan debt for borrowers who make less than $125,000 annually. Borrowers who went to college…

Anti-procrastination guide to enhancing your employees’ productivity

Spent all day answering emails instead of diving into a career-defining project? Schedule another meeting to discuss an action plan instead of immediately starting implementation? None of us has escaped procrastination at work. Though it influences the team’s performance, hardly…

Manila Jockey Club swings to profitability with P1.34-billion net income

MANILA Jockey Club, Inc. registered an attributable net income of P1.34 billion in the second quarter, reversing last year’s net loss of P27.88 million, driven by revenues from club races and gains from property sales. Its topline rose to P123.05…

Regulators back measure seeking to institutionalize digital asset rules

REGULATORS are backing a measure seeking to institutionalize rules covering digital assets like e-money and cryptocurrency for improved monitoring and consumer protection. Senate Bill No. 184 or the proposed Digital Assets Act of 2022 refiled by Senator Maria Imelda Josefa…

Universal bank sells P113M in soured loans under FIST Act

BW FILE PHOTO A UNIVERSAL BANK has disposed of P113 million in soured loans to clean its balance sheet under remedies provided by the Financial Institutions Strategic Transfer (FIST) Act, a Bangko Sentral ng Pilipinas (BSP) official said. “Based on…

Del Monte joint venture invests $2 million in dairy partnership

DEL MONTE Pacific Ltd. said that shareholders of its subsidiary’s joint venture with Vietnam Dairy Products JSC (Vinamilk) have infused $2 million in the venture for the year, the firm said in a disclosure on Wednesday. In August 2021, Vinamilk…

PLDT expanding capacity in 3 data centers to address increasing demand

PHOTO FROM JGSUMMIT.COM.PH THE PLDT group announced on Wednesday that it is currently expanding capacity in three of its existing data center facilities, with the goal of adding 3,000 racks by the end of 2023. “The target is to add…

PSE moves to boost IPO listings

THE Philippine Stock Exchange, Inc. (PSE) is stepping up its goal of encouraging more companies to list on the stock exchange through a virtual event that will gather business owners who would like to know more about the initial public…

NLEX Corp. says Connector project’s España section now 80% complete

NLEX Corp., a unit of Metro Pacific Tollways Corp. (MPTC), announced on Wednesday that the first five-kilometer section of its Connector project between Caloocan Interchange on Circumferential Road 3 (C-3) and the future España Interchange in Manila is now 80%…

ABS-CBN, TV5 ‘pause’ partnership to face concerns

GLENN CARSTENS PETERS-UNSPLASH By Arjay L. Balinbin, Senior Reporter ABS-CBN Corp. and TV5 Network, Inc. of the Pangilinan group’s MediaQuest Holdings, Inc. announced on Wednesday that they had decided to halt closing preparations for their partnership to address concerns regarding…

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