INVESTMENT PLEDGES approved by the Philippine Economic Zone Authority (PEZA) climbed by 8.5% in the first half after coming off a low base last year. Total economic zone investments approved as of June 30 amounted to P32.057 billion, based on 119 new and expansion projects, the agency said in a statement on Tuesday. The investment promotion agency set a 7% ...

CHINA LIANHE Credit Rating Co. maintained its "AAA" credit rating for the Philippines with a "stable" outlook, as it expects economic recovery to begin this year. The government's Investor Relations Office (IRO) said the affirmed rating signals the "highest level of confidence" on the country's ability to pay its debt obligations despite the impact of coronavirus pandemic. A stable outlook ...

AYALA Land, Inc. (ALI) on Tuesday said it generated P3.3 billion in the second quarter, over 16 times the P426-million income it logged year on year as revenues also grew by 90%. In the April-to-June period, the company's topline reached P24.3 billion from P12.55 billion. "The pandemic continues to provide an extremely challenging environment for majority of our business lines," ...

SOLAIRE Resort & Casino operator Bloomberry Resorts Corp. finished the quarter with a "respectable" performance after trimming its consolidated net loss to P1.2 billion, 74% lower than the P4.7-billion loss incurred in the same period last year. The company finished the quarter with a consolidated net revenue amounting to P4.7 billion, up by nearly four times from P940.9 million. "Bloomberry ...

ABOITIZ Power Corp. is looking at spending P190 billion to build 3,700 megawatts (MW) of new renewable projects (RE) in the next decade, the listed holdings firm said on Tuesday. The investment will scale up the company's "Cleanergy" portfolio, which is expected to make up a bigger share or 50% of its power generation portfolio by 2030. Cleanergy is the ...

Image via US National Institute of Allergy and Infectious Diseases/CC BY 2.0/Flickr By Bronte H. Lacsamana AS METRO MANILA enters another lockdown, nonprofit organization LoveYourself (LY) is ready to deliver life-saving care to people living with human immunodeficiency virus (HIV), armed with the lessons it learned in 2020. "We were able to create a formula of services," said Dr. Ronivin ...

'PARA SA KALIKASAN,' a Philippines-Malaysia Joint Art Exhibition -- PHOTO FROM PHILIPPINEFAUNAARTSOCIETY.CARGO.SITE PORTRAITS of the Luzon hornbill, the Taal sea snake, the Visayan spotted deer, the Camiguin boobook (an owl), the Philippine eagle, the Malaya tiger, the Malayan sun bear, and the Borneo Pygmy elephant are just a few of the images hung on walls -- now those of a ...

BW FILE PHOTO By Beatrice M. Laforga, Reporter THE TREASURY bureau raised P35 billion from reissued 10-year Treasury bonds at an auction on Tuesday, as rates moved sideways amid a strong demand for long-term debt. The government fully awarded the bonds, which have a remaining life of nine years and 11 months. The tenor attracted bids worth P70.733 billion, or ...

UNSPLASH THOUGH STROKE recovery starts in an in-patient setting, or once a patient is stable enough to undergo bedside rehabilitation, the first six months afterward -- known as the maximal recovery phase -- are crucial in regaining mobility, according to specialists from Cardinal Santos Medical Center (CSMC) at a webinar on movement-related pain in July. "Pain, weakness, and immobility are ...

TELECOMMUNICATIONS service provider DITO Telecommunity Corp. said on Tuesday it has connected two million subscribers in less than five months since its commercial launch in March. "[I]n less than five months after our official launch, we have just reached two million subscribers, covering around 200 cities nationwide," DITO said in a statement posted on its official Facebook page. DITO started ...

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