In the Philippines, one only has to have a net wealth of at least $60,000 (around P2.9 million) to be considered part of the wealthiest 1% of the population, according to the Knight Frank Wealth Report. — REUTERS/ELOISA LOPEZ THE number of super-rich Filipinos is likely to grow over a five-year period in line with […]Read More

REUTERS/THOMAS WHITE/ILLUSTRATION By Beatrice M. Laforga, Reporter PHILIPPINE BANKS appear better positioned to weather the surge in soured loans than Southeast Asian peers, but sluggish economic growth could dampen the sector’s recovery this year, S&P Global Ratings said. “We have a negative outlook on the Philippine banking sector, that means there is a one-third chance […]Read More

PHILIPPINE STAR/EDD GUMBAN THE Philippines is among key Southeast Asian nations best positioned to take advantage of the growing demand for electronics as the global economy recovers from the pandemic, Moody’s Analytics said. In its report “Factory Southeast Asia: Global Manufacturing’s Next Frontier,” the think tank said Southeast Asia has gained attention as a global […]Read More

METRO PACIFIC Investments Corp. (MPIC) said on Wednesday that its core net income last year had declined 34% to P10.2 billion as the global health crisis slowed down economic activities and reduced business operations. “MPIC’s consolidated core net income for 2020 declined 34% to P10.2 billion owing largely to the economic contraction brought about by […]Read More

GERMAN tank builder Lipp GmbH has tied up with a subsidiary of Metro Pacific Investment Corp. (MPIC) to build two industrial-scale biogas plants in Mindanao that will use farm waste to produce clean energy. In a press release on Wednesday, the German-Philippine Chamber of Commerce and Industry said the German tank construction specialist is collaborating […]Read More

By Revin Mikhael D. Ochave, Reporter THE Stock Exchange, Inc. (PSE) has proposed changes to the 2007 Philippine Mineral Reporting Code (PMRC) to meet international reporting standards. In a memorandum dated March 2 uploaded on its website, the stock market operator said it proposed to include a discussion on the mitigation and remediation plans to […]Read More

CONFIT IRISH PORK BELLY with White Onion Puree, Braised Shallot, Honey mustard sauce THE EMERALD Isle is renowned for its lack of snakes (thanks to St. Patrick), leprechauns (and their pots of gold), people with the gift of gab (it is, after all, the home of the Blarney Stone), and music (Enya, The Cranberries, and […]Read More

WEST ZONE water concessionaire Maynilad Water Services, Inc. is eyeing to finish the construction of its three new sewage treatment plants within 2021. Maynilad said in a statement on Wednesday that the three treatment plants are capable of providing sewerage service to around 700,000 residents in Muntinlupa City and Valenzuela City. According to the water […]Read More