SM Prime CEO to Step Down in October
President and CEO of SM Prime Holdings Inc. (SMPHI) Hans Sy will be leaving his post effective Oct. 1. Sy, 61, announced his semi-retirement through a statement during the gathering …
PH Government Suspends 2 Nickel Mines
Last week, the government released a suspension order for two nickel mines in Zambales province. The mines operated by the BenguetCorp Nickel Mines Inc. and Zambales Diversified Metals Corp were …
International Platform Aims to Bring Filipino Designs to the Global Market
Earlier this month, Dubai-based Filipino fashion designer Michael Cinco presented his masterpieces at the Paris Fashion Week. Cinco’s success is a boon to the Philippine fashion industry, which is further …
Metro Manila Infra Projects to Undergo 24/7 Construction
In a briefing last Tuesday, Budget Secretary Benjamin Diokno said that a plan is being drafted to fast-track major infra projects in Metro Manila through a non-stop 24/7 construction scheme. …
S&P: Philippines Outperforms in SouthEast Asia
S&P Global Ratings reports that the Philippines will continue to outperform its Southeast Asian neighbors as the economic slowdown in the region reaches its lowest point. The report said that …
DTI Plans to Provide Free Mall Spaces for MSMEs
Recently appointed Department of Trade and Industry (DTI) Secretary Ramon Lopez plans to convince mall owners and retailers to provide free mall spaces for micro, small, and medium sized enterprises …
Thai Airways to offer Bangkok-Cebu Direct Route
Airline company Thai Smile Air will be offering direct daily flights from Mactan, Cebu to Bangkok starting this October. Thai Smile Air, a wholly owned subsidiary of Thai Airways, will …
Higher Food Prices Fuel Inflation for June
Inflation rose up from 1.6 percent to 1.8 percent in the month of June due to higher food prices, as reported by the DBS Bank Ltd. of Singapore. The inflation …
Ayala Land Plans New Mall at Paranaque in 2017
Property giant Ayala Land Inc. is set to open the country’s biggest commercial complex in Paranaque in 2017. The planned 600,000 square meter mall–which would be bigger than the SM …
Megaworld to Build Five More Hotels for P10 Billion
A subsidiary company of Megaworld is going to spend P10 billion to build hotels in Boracay and Tagaytay. Global-Estate Resorts Inc. (GERI) will build four of the five within Boracay …