Business News
The country’s manufacturing sector, as reflected by the purchasing managers’ index (PMI), continued to grow in October this year, S&P Global said on Monday. The S&P Global Philippines Manufacturing PMI posted a score of 52.9 last month, indicating an improvement in the sector’s health for 14th straight month. S&P Global said that while the index…
TGI Fridays, the casual American dining chain, filed for Chapter 11 bankruptcy in Texas on Saturday, November 2, the company announced. Known for its hamburgers, chicken wings, and signature cocktails, TGI Fridays said its United States and international locations will remain open as it undergoes restructuring to “explore strategic alternatives” aimed at ensuring the brand’s…
Globe has begun preparations for the potential impact of Tropical Storm Marce, which entered the Philippine area of responsibility on Monday and is forecast to land in Northern Luzon. This is as response efforts continue in areas hit by severe tropical storm Kristine and Typhoon Leon—consecutive storms that left considerable damage across communities on their…
Meralco bags multiple accolades at the 2024 International BusinessAwards. Seen in the photo are (L-R) Meralco First Vice President and Head of Customer Retail Services Charina P. Padua, One Meralco Foundation president and chief corporate social responsibility officer Jeffrey O. Tarayao, executive vice president and chief operating officer Ronnie L. Aperocho, first vice president and…
Globe has started deployment of new technology that will enhance LTE capacity and 5G coverage in 200 urban areas across the country. Advancing network innovation and sustainability, Globe has started rolling out 32T32R Massive MIMO (Multiple Input, Multiple Output) technology for enhanced LTE capacity and 5G expansion in 200 dense urban areas, set for completion…
Fuel prices will see mixed adjustments this week, with diesel and kerosene set to rise while gasoline will see a slight decrease starting Tuesday, November 5, oil firms announced on Monday. Seaoil and Shell said they will lower gasoline prices by 10 centavos per liter, while diesel and kerosene prices will increase by 75 and…
Mench Dizon, Country Head, YGG Pilipinas, delivers her opening remarks. Gaming in the Web3 era saw significant evolution since its inception from mainly driven by play-to-earn (P2E) models to a dramatic shift towards more balanced “play-and-earn” approaches that prioritize engaging gameplay with earning opportunities. The shift addresses the sustainability challenges of pure P2E models, especially…
Moody’s Analytics said in its Weekly Asia Pacific Economic Preview that the Philippine economy is expected to slow to 5.7% year-on-year in the September quarter from 6.3% in the June quarter because of internal and external pressures. The report said private consumption was muted in the previous quarter as the Monetary Board’s decision to cut…
It’s no secret the overall media and entertainment industry has struggled in recent years, burdened by labor strikes, profitability challenges, and a transition to streaming that’s upended some of the most well-known corporate behemoths. One company, though, has thrived amid the various changes: Netflix (NFLX). The streaming platform beat Wall Street expectations across every major financial…
ISTANBUL The US Commodity Futures Trading Commission (CFTC) warned users of messaging apps to be aware of schemes that aim to defraud them of assets, specifically crypto assets. “Fraudsters are exploiting the default settings of commonly used messaging apps, telephone networks, and mobile devices to lure users into crypto pump-and-dump schemes and other scams,” it…