Ayala Land may issue bonds, tap new loans to raise P19B
Property giant Ayala Land Inc. (ALI) plans to raise as much as P19 billion through a mix of new borrowings in the coming months, taking advantage of softening interest rates…
Fruitas doubling 2020 capex budget
While other companies are slashing their capital outlays due to the coronavirus pandemic, newly listed leading kiosk operator Fruitas Holdings Inc. is doubling its capital expenditure (capex) budget this year…
Puregold expands online shopping services, store network
Banking on COVID-19 pandemic-resilient demand for essential consumer goods, retailer Puregold Price Club Inc. is expanding its online grocery shopping capability while building more physical stores this year using about…
Group questions gov’t rice import plan
The Federation of Free Farmers (FFF) has questioned the legality of the government’s move to import an additional 300,000 metric tons (MT) of rice on top of the imports being…
DA launches integrated urban fish-garden farming
The Department of Agriculture (DA) is bringing urban gardening closer to homes as it formally launched its urban aquaponics program early this week, which will provide interested municipalities with the…
Emperador 2019 net profit up 5%
Tycoon Andrew Tan-led Emperador Inc. grew its recurring net profit last year by 5 percent to P7 billion on the bank of growing consumer preference for premium liquor alongside the…
Stimulus bill tweaks refund rules to help virus-walloped airlines
The proposed P1.3-trillion Philippine Economic Stimulus Act (Pesa) will allow local airlines to issue travel vouchers instead of refunds, helping the beleaguered industry fight off a multibillion-peso cash drain and…
Bitter mix: Liquor bans, ECQ bring sin taxes down by nearly 100 percent
Amid a liquor ban in many areas and restricted deliveries of cigarettes during the enhanced community quarantine (ECQ), the government collected only about P200 million in sin taxes from tobacco…
Book sales soar as French lockdown eases
A vendor sort books in a Book shop of Mulhouse, eastern France, on May 11, 2020, on the first day of the lift of the lockdown measures set up on…
COVID-19 spending plus low collection equals 10,000 percent deficit jump since 2019
Spending on public goods and services more than doubled in April as the government tried to ease the pain inflicted on vulnerable sectors by the COVID-19 pandemic but with barely…