Business News icon

Many millennials are investing in memorial lots

Because memorial lots have a high appreciation rate, Celestial Meadows Developers Corp. (CMDC) wants to take its company outside Cebu. In addition, Filipinos are becoming increasingly accepting of and interested in investing in memorial lots.

Read more at Nutshell PH

PLDT starts building Asia Direct Cable

PLDT Inc. announced that they had started the initial phase of the cable construction of the 75 million Asia Direct Cable (ADC) that began in Batangas months after the launch of their Jupiter cable system.

Read more at Nutshell PH

BPI net income up in first 9 months

Bank of the Philippine Islands generated net income of P30.5 billion for the first nine months of 2022 on higher revenues and lower provisions. In a statement, the Ayala-led bank said its return on equity stood at 13.73% and return on assets at 1.66%. #In60words

Read more at Nutshell PH

Megaworld launches new residential tower

Listed township developer Megaworld Corp. said Wednesday it had launched its third residential condominium development inside the 12.3-hectare Arcovia City along C-5 Road in Pasig City. Standing 50-storeys high, Arcovia Parkplace is the tallest residential tower in Arcovia City to date, Megaworld said in a statement. #In60words

Read more at Nutshell PH

Davao City wants to become an agri-business investment hub

April Marie Dayap, director of the Davao City Investment Promotion Center (DCIPC), said her organization had intensified its marketing efforts to position the city as a suitable center for agribusiness investment.

Read more at Nutshell PH

PLDT welcomes DITO settlement declaration

PLDT Inc., on Tuesday welcomed DITO Telecommunity Corporations (DITO) declaration to amicably settle its alleged unpaid contractual obligation due to them amounting to P430 Million.

Read more at Nutshell PH

Globe says better signal in Mindanao with 252 new cell

GLOBE Telecoms on Tuesday said that Mindanaoans could expect better signal and faster internet connections as it has installed 252 5G-ready cell sites in the region. #In60words

Read more at Nutshell PH

OFW Remittance up by 4.4% in August 2022

The central bank recorded a 4.4% increase in the money sent home by Overseas Filipinos in August 2022. From US2.89 billion posted in the same month last year, remittances sent last August reached US3.02 billion. #In60words

Read more at Nutshell PH

Demand for condos hit 67% in Cebu

In the first half of 2022, residential condominium takeup in Cebu increased 67 percent, signaling a buoyant post-pandemic market.

Read more at Nutshell PH

BSP approves 178.10-M govt foreign borrowing in Q3

The Bangko Sentral ng Pilipinas reported that it approved fewer foreign borrowings of the government in the third quarter. For the period July to September 2022, the Monetary Board (MB) approved one public sector foreign borrowing of 178.10 million. #In60words

Read more at Nutshell PH

Toktok surges to 2M downloads thanks Filipino patrons

toktok, the first Filipino-made superapp, celebrated another milestone with 2 million app downloads. toktok, like many game-changing innovations, started from necessity. Due to the increased need for delivery services, founders, young and innovative business magnates Jonathan So and Carlito Macadangdang established and developed toktok. #In60words

Read more at Nutshell PH

Cebu Pacific resumes Zamboanga-Cotabato flights

Budget carrier Cebu Pacific said it continues to ramp up its Mindanao hub by resuming its flights from Zamboanga to Cotabato. Cebu Pacific is the only airline that offers this direct route through its wholly-owned subsidiary, Cebgo. #In60words

Read more at Nutshell PH

DOF Private sector participation crucial to economic recovery

Finance Secretary Benjamin Diokno on Wednesday noted private sector participation to be a critical factor in the Philippines economic recovery prospects. This, after the government approved the revisions to the 2022 Implementing Rules and Regulations of the Build-Operate-Transfer BOT Law.

Read more at Nutshell PH

Landbank continues climate financing program

In support of climate change adaptation and mitigation projects, the Land Bank of the Philippines assures stakeholders of continued access to climate finance under the Green Climate Fund (GCF).

Read more at Nutshell PH

GCash targets to have payments even for tricycles

DIGITAL wallet GCash on Tuesday said that they are now focusing on hyper localization and partnerships with local government units (LGUs) to extend financial services to the countryside as part of its vision towards financial inclusion for all.

Read more at Nutshell PH


© 2018 by Nutshell

Powered by