March 22, 2023
Phoenix, Petronas explore downstream oil business
PHILSTAR PHOENIX Petroleum Philippines, Inc. has partnered with Malaysian state oil firm Petronas to jointly explore downstream marketing business and associated technology solutions in the country. “With the technology and expertise of Petronas as the largest fuel retail network operator in Malaysia, combined with the deep knowledge and experience of Phoenix in terms of the […]
March 22, 2023
FILRT earns P1.3B on rentals
FILINVEST REIT Corp. (FILRT) reported a net income of P1.31 billion in 2022, driven by the company’s rentals and other revenues, it said on Wednesday. In a disclosure to the stock market, the company reported its revenues at P3.25 billion. The company did not give comparable numbers. FILRT, a real estate investment trust (REIT) backed […]
March 22, 2023
Grab says more drivers applied to join, seeks 20,000 more slots
GRAB Philippines said the number of drivers applying to join the ride-hailing service tripled after the removal of the certificate of conformity (COC) in securing a vehicular franchise. “We really are very grateful to the LTFRB (Land Transportation Franchising and Regulatory Board) for removing that requirement,” Grab Philippines Country Manager Grace Vera-Cruz said on the […]
March 22, 2023
Lazada Philippines CEO expects decline in cash-on-delivery payments
E-COMMERCE platform Lazada Philippines has seen a decline in cash-on-delivery payments as more customers use digital wallets as the payment method for transactions. “Cash on delivery has been going down. I would say it is probably contributing to about slightly more than 50% [of transactions] but it’s been going down from a historical benchmark. Before, […]
March 22, 2023
Avon says lack of confidence hinders Filipinas’ business foray
MORE than half of Filipinas have cited the lack of confidence as an obstacle that prevents them from starting a business, according to a report by global beauty brand Avon. In a statement on Wednesday, Avon said its Global Progress for Women report showed that 52% of Filipina respondents pointed to the lack of confidence […]
March 22, 2023
Dining around the world with the world’s smallest chef
1 of 4 By Giselle P. Kasilag THE WORLD’S smallest chef is back with an invitation to a dining adventure like no other. Le Petit Chef returns to The Peak at the Grand Hyatt Manila with a sequel to last year’s successful French menu. Dubbed as “Le Petit Chef in the footsteps of Marco Polo,” the […]
March 22, 2023
CTA affirms denial of travel tech firm’s refund claim worth P16.8M
CTA.JUDICIARY.GOV.PH/ THE Court of Tax Appeals (CTA) has upheld its denial of Amadeus Marketing Philippines, Inc.’s refund claim worth P16.82 million allegedly representing its excess value-added tax (VAT) traced to zero-rated sales for 2016. In a 17-page decision made public on March 20, the tribunal said the firm’s sales did not qualify for 0% output […]
March 22, 2023
Tokyo coffee shop made famous on Tiktok draws returning tourists hungry for pudding
THE CREAM CARAMEL pudding and a cup of brewed coffee are pictured during a photo opportunity at Shizuo Mori’s Heckeln coffee shop in Tokyo, Japan, March 15. —REUTERS/KIM KYUNG-HOON TOKYO — With a rapid, right-hand swoop, Shizuo Mori served the last of about 50 puddings on Wednesday, a treat that’s made his tiny Tokyo coffee […]
March 22, 2023
Epson Philippines expands its business inkjet printer offerings
EPSON Philippines on Monday announced a new range of business inkjet printers as it continues to expand its corporate product offerings in the country. The company said in a statement on Monday that it launched the new WorkForce Enterprise AM series, comprised by its AM-C4000, C5000, and C6000 A3 Color Multifunction Printers, which offer “an […]
March 22, 2023
Yields on BSP’s term deposit facility rise
BW FILE PHOTO YIELDS on the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) continued to rise on Wednesday ahead of the Monetary Board’s and the US Federal Reserve’s policy-setting meetings this week. Total bids for the central bank’s term deposits reached P282.8 billion, slightly above the P280-billion offer for this week. […]
March 22, 2023
Crown Asia profit grows 2% to P229M
Crown Asia Chemicals Corp. reported a 2.1% growth in net income to P228.9 million for 2022 as the listed plastic pipes maker generated higher revenues while operating costs increased. In a disclosure on Wednesday, the company said revenues rose by 1.2% to P1.76 billion from P1.74 billion in the previous year. “Both earnings and revenues […]
March 22, 2023
Dining In/Out (03/23/23)
1 of 16 New World Makati holds Easter Carnival Fun Fair NEW World Makati Hotel will hold an Easter Carnival Fun Fair on April 9, from 9 a.m. to noon. This promises to be a highlight of the Easter weekend, featuring a range of activities and attractions for both children and adults. To be held […]
