Business
Aboitiz-led group secures P70-B financing for CBK hydro takeover
AN ABOITIZ-LED consortium has secured loan commitments totaling up to P70 billion from BDO Unibank and...
MREIT to acquire P16.22-B office towers in Taguig via share swap
By Beatriz Marie D. Cruz, Reporter MREIT, INC., the real estate investment trust (REIT) arm of...
PAGCOR revokes PH Resorts Mactan casino license
PH RESORTS Group Holdings, Inc., the gaming company owned by Davao-based tycoon Dennis A. Uy, has...
Christmas food prices soar as festive treats cost up to 70% more, says Which?
Shoppers are paying significantly more for Christmas food this year, with festive chocolate treats costing up...
FCA under pressure to extend Covid business interruption insurance claims for hospitality sector
Thousands of hospitality businesses risk losing their right to Covid-related insurance compensation unless the Financial Conduct...
Amazon planning $10bn OpenAI investment as ChatGPT maker targets $500bn valuation
Amazon is reportedly in discussions to invest as much as $10 billion in OpenAI, the artificial...
LTFRB implements ‘compensatory adjustment’ in pickup fares following call from TNVS group
The Land Transportation Franchising and Regulatory Board (LTFRB) will implement a “compensatory adjustment” in the pickup...
DPWH seeks charges vs Romualdez, 86 others in flood control probe
The Department of Public Works and Highways (DPWH) has recommended the filing of cases against 87...
Banks’ real estate exposure slips
By Katherine K. Chan PHILIPPINE BANKS and trust entities’ exposure to the property sector slipped at...
House approves bill amending bank secrecy law on second reading
THE HOUSE of Representatives on Monday approved on second reading a bill amending the Philippines’ decades-old...
UK inflation slows more than expected to 3.2%, boosting case for rate cut
UK inflation eased more sharply than expected in November, falling to a ten-month low and increasing...
Erasmus scheme set to return for UK students from 2027
The UK is set to rejoin the Erasmus programme, restoring access for British students to the...
EU waters down plans to end new petrol and diesel car sales by 2035
The European Commission has watered down its flagship plan to end the sale of new petrol...
OpenAI hires George Osborne to lead global Stargate initiative
OpenAI has appointed George Osborne as managing director and head of its OpenAI for Countries initiative,...
Federal Land exits Crown Central Properties
Federal Land, Inc., the property arm of GT Capital Holdings, Inc., and its subsidiary Horizon Land...
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