The TNT Tropang Giga advanced to the finals of the PBA Philippine Cup after beating the Phoenix Super LPG Fuel Masters, 91-81, in their semifinal rubber match on Friday. -- (PBA Images) By Michael Angelo S. Murillo The TNT Tropang Giga booked a spot in the finals of the PBA Philippine Cup following their 91-81 victory over the Phoenix Super ...

Cycling's Abraham Tolentino (center) was reelected as Philippine Olympic Committee president on Friday, beating archery's Jesus Aranas. -- (POC) By Michael Angelo S. Murillo Philippine Olympic Committee president Abraham "Bambol" Tolentino got a fresh mandate as head of the sports body after being reelected on Friday in elections held at the East Ocean Palace Restaurant in Paranaque City. Looked to ...

A vendor arranges vegetables in Nepa Q Mart market in Kamuning, Quezon City. -- PHILIPPINE STAR/MICHAEL VARCAS Inflation likely settled between 2.4% and 3.2% in November on higher oil prices and crop damage caused by typhoons, said Philippine central bank Governor Benjamin E. Diokno on Friday. "Higher domestic oil prices, as well as the impact of weather disturbances on the ...

Almost half of German companies and their partners in the Philippines expect zero or lower investment in the next 12 months as economic recovery remains uncertain amid a global coronavirus pandemic. More than a third of these companies saw their current situation as "bad," while 45% said theirs was "satisfactory," according to the results of a German-Philippine Chamber of Commerce ...

Drought threatens food security and poverty in Southeast Asian countries including the Philippines because it damages agricultural land and hurts the incomes of small farmers the most, according to the United Nations Economic and Social Commission for Asia and the Pacifc (ESCAP). Drought in much of Southeast Asia has been a recurring natural hazard and is expected to worsen in ...

AC Energy and Infrastructure Corp. has raised $300 million from its green bond issuance, its parent firm Ayala Corp. said in a regulatory filing on Friday, marking the country's first fixed-for-life perpetual bond offering in about a year. "We are very pleased to see the high level of investor confidence in AC Energy and the strong market response to our ...

MACROASIA Corp. has partnered with Maplecrest Group Inc., the parent company of Property Company of Friends (Pro-Friends), in a joint water project in Cavite. In a disclosure to the stock exchange on Friday, MacroAsia said its wholly owned subsidiary Naic Water Supply Corp. entered into a joint venture agreement that will provide water in the communities developed by Pro-Friends such ...

BW FILE PHOTO Budget carrier Cebu Pacific announced on Friday that it would be working with the local government of General Santos City and the Philippine Airport Diagnostic Laboratory on a two-week trial period for its "test before boarding" or TBB offering. The trial period will run from Dec. 3 to Dec. 14, 2020, the airline said in an e-mailed ...

Italpinas Development Corp. (IDC) posted a 28.2% increase as of the third quarter to P46.74 million, with its two ongoing residential projects largely accounting for the sales revenue during the nine-month period. Romolo V. Nati, IDC chairman and chief executive officer, said in a regulatory filing on Friday that the company was "fortunate" that business operations were weathering the pandemic. ...

Globe Telecom, Inc. has officially completed the acquisition of US-based cloud managed services provider Cascadeo, the Ayala-led telecommunications company said on Friday. "The collaboration between the two tech-driven companies started back in 2019, with a purchase agreement signed earlier this year. Now, the partnership has fully transitioned, with Globe making major investments in the leading cloud managed services provider," Globe ...