PHILIPPINE STAR/ MICHAEL VARCAS By Keren Concepcion G. Valmonte, Reporter HOSPITALITY GROUPS expect a rebound in tourism as coronavirus disease 2019 (COVID-19) vaccination rates continue to improve and travel curbs are further relaxed around the country. However, new and more transmissible COVID-19 variants may threaten the tourism industry's recovery. Filinvest-led Chroma Hospitality, Inc. is seeing signs of "revenge travel" after ...

BUSINESSWORLD's Luz Wendy T. Noble was recognized as the Best Reporter of the Year for Banking at the 30th annual awards of the Economic Journalists Association of the Philippines (EJAP). A graduate of the University of the Philippines, Ms. Noble joined BusinessWorld in 2019 and has been covering the banking beat for more than two years. The award was given ...

THE Securities and Exchange Commission (SEC) has flagged eight more entities in separate advisories for their unregistered investment solicitation programs. These offerings are PH Lazada International Trade Co. Ltd., Suhail Medical Center, Inc., Zigma Trade, Victorich Trades Co., S AMZ Shop, Phillq International Trade Co., AxieCrowd Asia, and Double M FX Financial Consultancy Services. The SEC said those involved in ...

NEWSROOM.AIRASIA.COM By Arjay L. Balinbin, Senior Reporter PHILIPPINES AirAsia, Inc. said its logistics venture Teleport is looking to roll out its delivery services in more areas in the country in 2022. Teleport, a wholly owned venture of AirAsia, is advancing the group's cargo and logistics ambitions. "For cargo, we want to tap routes or provinces with regular cargo demand such ...

BW FILE PHOTO RATES of Treasury bills (T-bills) could move sideways this week on concerns over the new coronavirus variant. The Bureau of the Treasury (BTr) will offer P10 billion in T-bills this week, broken down into P2 billion in 91-day papers, P3 billion in 182-day instruments, and P5 billion in 364-day securities. A bond trader in a Viber message ...

By Revin Mikhael D. Ochave, Reporter DOLE Sunshine Co. (DSC) plans to repurpose around 1 million tons of fruit waste generated by its plantations in the Philippines under a recently created corporate venture. Wei Tze Ooi, Dole Specialty Ingredients (DSI) managing director, told BusinessWorld in an e-mail interview that the pilot plant for the repurposing venture is located in the ...

1 of 5 AS WITH MANY Filipinos, the Honda Civic has always held a special place in my heart. After all, it was my first car -- at a time when I was just discovering my passion for motoring, during my good ol' college days! And I think that almost everybody will agree that it was in fact, the Honda ...

PHILSTAR LABOR LEADER and Presidential candidate Leodigario Q. de Guzman said his P1-trillion recovery plan will be financed by a one-time 20% wealth tax on the 500 richest families in the Philippines, with relief measures to be focused on workers in financial distress due to the pandemic. "We are very confident that our campaign will touch the hearts and minds ...

PHILSTAR LABOR LEADER and Presidential candidate Leodigario Q. de Guzman said his P1-trillion recovery plan will be financed by a one-time 20% wealth tax on the 500 richest families in the Philippines, with relief measures to be focused on workers in financial distress due to the pandemic. "We are very confident that our campaign will touch the hearts and minds ...

THE average spot price of electricity on the wholesale electricity spot market (WESM) fell to P5.17 per kilowatt-hour (kWh) in November from P6.75 a month earlier, as supply increased while demand was stable, the market operator said Friday. The Independent Electricity Market Operator of the Philippines (IEMOP) added in its second market report for the year that the power providers ...