Customers wearing protective masks wait outside a remittance center during the lockdown in Quezon City, May 20. -- VEEJAY VILLAFRANCA/BLOOMBERG CASH REMITTANCES reached a seven-month high in July, as land-based overseas Filipino workers (OFW) continued to support their families during the coronavirus disease 2019 (COVID-19) pandemic. Money sent home by OFWs through banks rose 7.8% to $2.783 billion in July ...

Residents of Metro Manila will see lower water bills in the fourth quarter. -- PHILIPPINE STAR/MICHAEL VARCAS CUSTOMERS of the two water concessionaires servicing Metro Manila will see lower water bills in the fourth quarter. In a briefing on Tuesday, Metropolitan Waterworks and Sewerage System Chief Regulator Patrick Lester N. Ty said its board of trustees approved the implementation of ...

DENNIS A. UY's Udenna Corp. (UC) is applying to explore two petroleum blocks in the contested West Philippine Sea under the government's energy contracting program. The Department of Energy (DoE) on late Monday opened bids to explore various oil blocks in the country under the Philippine Conventional Energy Contracting Program (PCECP). Davao-based holding firm Udenna nominated two blocks in Recto ...

PHILSTAR THE Securities and Exchange Commission (SEC) has favored San Miguel Corp. (SMC) in its dispute with a minority shareholder over a share-swap deal that merged its food and beverage businesses in 2018. The conglomerate told the exchange on Tuesday it had received a letter from the SEC denying the appeal of Josefina Multi-Ventures Corp., a minority shareholder of SMC ...

THE head of the country's oldest distiller has made it into the Forbes list of Asia's top businesswomen this year. Olivia Limpe-Aw, 57, is the fifth-generation president of Destileria Limtuaco and Co. founded by her great-great granduncle in 1852. While the business was built on herbal wine selling, Forbes recognized Ms. Limpe-Aw's efforts to add new products and grow the ...

A SUBSIDIARY of Cirtek Holdings Philippines Corp. has been awarded a contract to provide antenna to a telecommunications operator in the United States for fifth generation (5G) network rollout. In a statement on Tuesday, the electronics manufacturer said its wholly owned subsidiary Quintel USA, Inc. recently signed the contract for a master purchase agreement with an unnamed telco provider. It ...

A GRAND old house is longing for you to make your home your own with its treasure. Palacio de Memoria's auction house, Case de Memoria, within the restored pre-war mansion of the Villaroman family (and sold to the Lhuilliers) is holding its Tercero online auction on Sept. 26. Over 220 lots are up for sale, with special attention given to ...

ROXAS & CO., Inc. has been allowed by local banks to extend its payment period for some P2.6 billion debts. In a disclosure to the exchange on Tuesday, the company said its creditor banks had approved giving it up to three years as additional grace period to repay its outstanding loans. The banks are Bank of the Philippine Islands, which ...

PHILSTAR THE Department of Agriculture (DA) has ordered the National Food Authority (NFA) to expand its procurement of palay, or unmilled rice, to help prop up weak farmgate prices. During a visit to an NFA warehouse in Tarlac City on Sept. 14, Agriculture Secretary William D. Dar also told rice farmers that they will be assisted in transporting their crop ...

THE Department of Information and Communications Technology (DICT) said Tuesday it issued provisional certificates to 23 tower companies, allowing them to own, construct, manage, and operate common towers hosting cellular sites. "Due to the ongoing health crisis and in compliance with President Rodrigo Roa Duterte's directive, provisional certificates of registration were granted to ITCs (independent tower companies) that already have ...