Investor

cement, concrete, construction

Holcim back to profitability in Q2

Holcim Philippines, the country’s leading cement maker, chalked up P721.4 million in second quarter net income, reversing the P88.1 million net loss in the same period last year when it had to shut down its manufacturing facilities in Luzon to comply with pandemic-related lockdown restrictions. This brought Holcim’s six-month net profit to P1.63 billion, 294 …

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Digital banking to boost financial inclusion in PH

Digital banking is transforming the traditional financial landscape. There are now 249 digital challenger banking players globally, comprised of dynamic digital upstarts and transitioning legacy operators. The Philippines offers an attractive opportunity for this expanding market. The release of the Digital Banking Guidelines in April this year, swiftly followed by agreed licenses for Overseas Filipino …

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calculator, calculation, insurance

Local governments’ H1 revenue collections up by 4%

Tax and nontax revenues collected by local governments in the first half of 2021 inched up by about 4 percent year-on-year to P168.9 billion amid easing quarantine restrictions and improving prospects due to the gradual reopening of the economy. Collections by the local governments in the first half of last year was P162.8 billion. Based …

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city, buildings, architecture

PH seen staying on growth track in Q3 on slowing COVID-19 cases

The Philippines is seen avoiding a slowdown in its economic rebound in the third quarter amid relatively lower COVID-19 infections compared to its neighbors suffering from surges and with mass vaccination picking up, UK-based think tank Pantheon Macroeconomics said. The Philippines would also likely join Indonesia and Thailand in achieving herd immunity by next year …

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pizza, cooking, fast food

Shakey’s restarts expansion plan after difficult 2020

After the disruptions caused by the pandemic in 2020, restaurant chain operator Shakey’s Pizza Asia Ventures Inc. has resumed its store expansion program this year, with the goal of opening 30 new stores. The new store openings will consist of 15 new restaurants under the flagship Shakey’s brand and 15 under the Peri-Peri Charcoal Chicken …

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seminar, class room, school

Leechiu: Pogos are coming back

The exodus Philippine Offshore Gaming Operator (Pogo) companies that characterized the woes of the Metro Manila office sector in 2020 has ended and demand for new space is returning, property veteran David Leechiu said on Tuesday. This reversal was partly due to new legislation addressing tax compliance by Pogos, whose operations mainly target gamblers in …

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Rebuilding the economy through the essentials

Megawide is no stranger to crises. Since we started operations more than two decades ago, we have developed key insights that have helped us navigate through the different cycles and thrive amid the most difficult times in our company’s—and country’s—unfolding history. We were born during the 1997 Asian financial crisis and started out as a …

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