Business

Lacoste Launches New Temporary Outlet at Bonifacio High Street

In Bonifacio Global City, Taguig City, Lacoste has captivated attention with its latest temporary store on Bonifacio High Street. The opening event was attended by BGYO’s leader Gelo Rivera, along with contemporary style influencers Hannah Pangilinan, Al James, Patricia Henson, Daniel Peters, Ashley Garcia, and DJ Hoest, who set the event’s musical tone. The evening […]

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Call to Strengthen Digital Infrastructure for Philippine Startups

Metro Manila — The current administration under President Marcos is being encouraged to enhance the nation’s digital infrastructure, a move seen as pivotal in making Philippine startup companies key players in economic development. Angkas, a tech startup in the motorcycle taxi industry, made this appeal, representing the Philippines at the Asia-Pacific Economic Cooperation (APEC) CEO

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Minimal Influence of Noche Buena Item Price Rise on Inflation – PSA

Metro Manila — Despite an increase in the prices of Noche Buena products this year, their impact on the overall inflation rate is considered minor, according to a government official on Tuesday. “Although there are price increases, their influence on inflation is relatively small,” National Statistician Dennis Mapa remarked during a briefing about the effects

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SEC Initiates Access Restriction on Binance Platform

Metro Manila — The Securities and Exchange Commission (SEC) announced on Wednesday the initiation of measures to restrict access to Binance, the largest global cryptocurrency exchange. The SEC has pointed out that Binance has been functioning in the Philippines without the necessary registration or authority to sell or offer securities. “The entity operating Binance’s platform

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Inflation Eases to 4.1% in November, Signaling Economic Relief

In a significant turn of events that spells good news for the economy, the inflation rate dipped to 4.1% in November, marking a continued downward trend from earlier. This development relieves policymakers and the public, who have been grappling with the economic challenges posed by higher prices. Economists attribute this decline to a combination of

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Recto Maintains Silence Amid Speculation Over Finance Chief Role

Manila, Philippines – Senator Ralph Recto remains tight-lipped amidst growing rumors of a potential appointment as the new Secretary of Finance. MANILA – In the bustling corridors of Philippine politics, whispers have turned into loud conversations about Senator Ralph Recto’s potential appointment as the new Secretary of Finance. Despite the growing buzz, Recto has not

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DITO Telecommunity Confident Amid West Philippine Sea Tensions Impacting New Business Division

DITO Telecommunity remains steadfast, downplaying concerns over the influence of West Philippine Sea disputes on its newly launched business unit. MANILA, Philippines — DITO Telecommunity, the Philippines’ third primary telecommunications provider, has publicly minimized potential disruptions to its newly established business division due to ongoing tensions in the West Philippine Sea. This announcement was amidst

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San Miguel Corporation Ranks in Forbes’ Top 50 Global Best Employers

San Miguel Corporation achieved a significant milestone, securing a place among the world’s best employers in Forbes’ prestigious list. MANILA, PHILIPPINES – In a remarkable achievement for Philippine business, San Miguel Corporation (SMC) has been recognized as one of the top 50 best employers globally, according to the latest list published by Forbes Magazine. This

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Aboitiz Group and Coca-Cola Europacific Partners Enter Agreement to Acquire Philippine Coca-Cola Distributor

Manila, Philippines – In a significant move that is set to reshape the beverage distribution landscape in the Philippines, Aboitiz Equity Ventures Inc., one of the Philippines’ largest conglomerates, has teamed up with Coca-Cola Europacific Partners (CCEP) to acquire the exclusive rights to distribute Coca-Cola products in the Philippines. Background and Deal Details This landmark

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Central Bank Maintains Steady Interest Rate at 6.5% in Response to Stabilizing Inflation

The Bangko Sentral ng Pilipinas (BSP) has announced the retention of its key interest rate at 6.5%, a decision influenced by the latest economic data indicating a moderating inflation outlook. MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) announced today that it would retain its benchmark interest rate at 6.5%, a decision influenced by

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