News

PCC approves $1.8-B Coke PH sale to Aboitiz, partner

The $1.8-billion acquisition of Coca-Cola Beverages Philippines Inc. (CCBPI) by Aboitiz Equity Ventures Inc. (AEV) and Coca-Cola Europacific Partners Plc (CCEP) takes a further step towards completion after getting the green light from the Philippine Competition Commission (PCC). In a disclosure to the Philippine Stock Exchange (PSE), AEV said they have received the PCC certificate of approval...

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Phuket real estate breaks records, welcomes pioneering green development ‘Gardens of Eden’

The property market in Phuket is deemed the leading destination for luxury real estate development and investment in 2023, reported The Phuket News, citing data from Colliers International.  Phattharachai Thaweewong, the director of research and communications at Colliers International Thailand, revealed that the emergence of luxury villas and condominiums in the Bang Tao area on the...

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How to Get Started in Real Estate Investing: Tips for Beginners

How to Get Started in Real Estate Investing: Tips for Beginners Real estate investing can be a profitable and rewarding way to grow your wealth, but it can also be intimidating for beginners. Here are some tips to help you get started in real estate investing: Educate yourself: Take time to learn about real estate investing and the different strategies available to you. You can read books, a...

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World Bank: Restructure BRT financing due to delays

FOLLOWING delays in the implementation of the Cebu Bus Rapid Transit (BRT), the World Bank has proposed a restructuring of its financing package for the project, including an extension of the project’s closing date to Sept. 30, 2026 from the current Jan. 30, 2024. The World Bank also proposed revisions to the project’s components, extension of the deadlines for compliance with agree...

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World Bank keeps PH growth outlook

The World Bank has kept its growth forecasts for the Philippines for 2023 and 2024, and the country is expected to outpace the growth of Asean neighbors. The Philippines is seen to have grown 5.6 percent last year, according to the Washington-based agency’s Global Economic Prospects reports. Meanwhile, the World Bank sees 5.8 percent growth for this year and next. These figures fall...

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Cash remittances up at $30 B end-Nov. 2023

Overseas Filipinos’ cash remittances increased by 2.8 percent year-on-year to $30.211 billion as of end-November 2023 from $29.38 billion same time in 2022, based on the latest data from the Bangko Sentral ng Pilipinas (BSP). The BSP said Monday, Jan. 15, that for the month of November, remittances sent through official banking channels rose by 2.8 percent to $2.719 billion from $2.644 bi...

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