ILOILO CITY -- More investments for Iloilo City and Iloilo province are expected following the visit of San Miguel Corp. president and chief operating officer Ramon Ang for the groundbreaking of the company's PHP6.7 billion brewery facility in Leganes town on Friday. Prior to his visit to Barangay Gua-an, the site of the production facility, Ang was toured by Ilonggo Senator Franklin D...
Read more
DAVAO CITY—Investments on travel and tourism have snowballed across key cities in the Philippines—with this city marking high in preferred investment site—as the industry continue to ride high on huge consumer spending in travel. The RedDoorz, a leading hotel management and booking online platform in Southeast Asia, told BusinessMirror that “some of its customers and a f...
Read more
RedDoorz, Southeast Asia’s largest and fastest-growing, technology-driven hotel management company, continues to expand its footprint in the Philippines. RedDoorz outlets will open by the end of the year in tourist-heavy Boracay Island, Antique, Capiz, Negros Occidental, Dumaguete, and Tacloban City. RedDoorz has established over 150 hotels across 10 cities as of the first quarte...
Read more
A benign inflation environment —with prices last month having risen at their slowest pace in almost three years, thanks to a large degree to the Rice Tariffication Law—may prompt the central bank to implement another round of monetary easing as soon as this month. Speaking to reporters Friday morning, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the 25-basis-point reduc...
Read more
STATE-RUN Social Security System (SSS) is targeting a threefold increase in online transactions by next year to streamline services and save on operating expenses. SSS President and CEO Aurora C. Ignacio said the pension fund wants digital transactions to reach 32.3 million by 2020 from the current 10.54 million done via its six electronic channels. “We’re looking to turn the tab...
Read more
MANILA, Philippines — Net inflows of foreign direct investments (FDI) fell by 48.5 percent to $430 million in June from $836 million in the same month last year due to the worsening trade war between the US and China, according to the Bangko Sentral ng Pilipinas. Based on a report from BSP, equity placements plunged by nearly 65 percent to $73 million in June from $208 million in th...
Read more
