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Philippine factory gate prices rose 0.8% in Feb, says PSA

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Industries

Philippine factory gate prices rose 0.8% in Feb, says PSA

MANILA, Philippines — Factory gate prices continued to rise in February, driven by the uptick in the selling prices of coke and refined petroleum products manufacturers. Data released by the...

Finance

Ayala’s AC Ventures, Mitsubishi seal P18.4-B deal for 6.5% of GCash

MANILA, Philippines —Ayala Corp. has finalized an P18.4-billion agreement to sell to Japan’s Mitsubishi Corp. half of the shares held by the Zobels’ venture capital firm in popular e-wallet GCash....

Consumer & Retail

Hooters restaurant chain files for bankruptcy protection

BANGKOK, Thailand — Hooters, the US-based restaurant chain known for chicken wings and “Hooters Girls” skimpy wait-staff outfits, has filed for bankruptcy protection. HOA Restaurant…

Columns
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Tourism & Transportation

US approves sale of 20 F-16 fighter jets worth $5.5 billion to PH

WASHINGTON, United States — The United States announced on Tuesday it has approved a sale of $5.5 billion in F-16 fighter jets to the Philippines,…

Foreign News

Trump’s ‘Liberation Day’ wallops stock markets worldwide

NEW YORK, United States — President Donald Trump’s fast-approaching “Liberation Day” sent stock markets swinging sharply worldwide on Monday. On Wall Street, the S&P 500…

Economy

Gov’t swings back to budget deficit in February on infra spending

MANILA, Philippines – The national government incurred a budget deficit of P103.1 billion in the first two months, up 34.35 percent, as spending for infrastructure,…

Communications

AI startup Perplexity confirms interest to buy TikTok

SAN FRANCISCO, United States — Artificial intelligence (AI) startup Perplexity on Friday expressed its interest in buying TikTok, which faces a deadline to divest from…

Industry Movements

Tech-savvy CEO seen to lead “strategic transformation” at PNB

MANILA, Philippines — After leading the massive digital transformation campaign of his old bank, Edwin Bautista will join another major bank next month as its…

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