PH economy seen rising 6.6% in ’22

Updated at 12:25 am THE Philippines is one of the economies in the Asia-Pacific region that will expand faster next year, according to Oxford Economics. In a report released on Friday, the research firm said the Philippines, along with Japan, Indonesia, Malaysia and Thailand, would all see greater economic development in 2022 after being impacted by huge interruptions caused by the Covid-19 pandemic this year. Most economies are changing to…

Three firms receive lucrative NASA deals

WASHINGTON, United States: NASA on Thursday (Friday in Manila) awarded three companies hundreds of millions of dollars to develop commercial space stations it hopes will eventually replace the International Space Station (ISS), which is due to retire around the end of the decade. Jeff Bezos’ Blue Origin, aerospace company Nanoracks and defense contractor Northrop Grumman won $130 million, $160 million and $125.6 million contracts, respectively, to develop their orbital outposts.…

Unionbank bags Citi’s $1 billion retail business in Philippines

Lawrence Agcaoili – The Philippine Star December 3, 2021 | 12:00am A highly placed source told The STAR the deal, worth about $1 billion, is expected to be signed in the next two to three weeks. Unionbank / Released MANILA, Philippines — Aboitiz-led Union Bank of the Philippines has acquired the consumer and retail banking assets of global banking giant Citigroup in the Philippines. A highly placed source told The…

‘Omicron threatens world economy’

PARIS: Paris-based Organization for Economic Cooperation and Development (OECD) warned on Wednesday (Thursday in Manila) that the Omicron coronavirus variant threatens the global economic recovery as it lowered the growth forecast for 2021 and appealed for a swifter rollout of Covid vaccines. The OECD said the recovery has “lost momentum” as it cut the outlook of top economies including the United States, China and the eurozone. The economy is now…

How lifestyle mavens level up shopping, travel habits

Vern Enciso HSBC introduced a refreshed Platinum Visa credit card that allows cardholders to earn rebates for every spend. These are conveniently delivered via via automatic crediting into each customer’s account and eliminating the need to call and apply online for redemption. “We continue to think of products and services that will address the evolving needs of our customers and provide a better customer experience,” said Peter Faulhaber, HSBC Philippines…

LOOK: James Reid, Nadine Lustre go shopping

Share it! [mashshare] LOOK: James Reid, Nadine Lustre go shopping James Reid and Nadine Lustre were recently spotted shopping at a popular furniture store. On the same day. They didn’t go there together, though. According to some witnesses, the former couple was accompanied by their respective friends and loved ones. Nadine, specifically was with her family and rumored boyfriend Christopher Bariou. Some JaDine fans went gaga, expressing kilig. But others…

Business as a force for good: Two perspectives

ENDEAVOR Sonny Coloma “Business can be a force for good if you could transform it,” declared Nobel Peace laureate Muhammad Yunus, founder of Grameen Bank, as he delivered the keynote address at the virtual Rotary Presidential Conference in Asia beamed from Manila on Nov. 26. He envisioned such transformation as bringing about three beneficial outcomes: Zero net carbon emission, zero wealth concentration, and zero unemployment. Zero net carbon emission would…

S. Korean won at 2-wk high, casino stocks clobber Manila equities

South Korean won gains 1.2% in three days Bloomberry Resorts sinks 10% on the Philippine benchmark Indian economy grows 8.4% in Sept qtr, rupee firms Dec 1(Reuters) – South Korea’s won rallied to a two-week high and shares rebounded on Wednesday on encouraging domestic trade data, while the leisure sector dragged Philippine stocks lower by almost 4% as trade resumed after a holiday. Most Asian equities regained some lost ground…

Philippines is strong business partner – EU

THE European Union Delegation to the Philippines Head of Trade and Commerce Maurizio Cellini said the country is a “strong business partner” during the virtual anniversary celebration of the Italian Chamber of Commerce in the Philippines Inc. on Friday. Cellini said Europe is a “strong business partner” of the country as total trade in goods between EU and the Philippines accounted for over 15 billion euros in 2019. He noted…

Humanistic management during the Covid pandemic

It has been almost two years since the Covid-19 pandemic came to the scene. Established business processes that we used for years were disrupted in a span of days. Amid the threat of catching the virus, most business operations were shifted online, and employees were asked to work from home (WFH). In my personal experience, working from home was a breath of fresh air, especially for a person who experienced…