Premiere Horizon enters P2.5-B financing deal

PREMIERE Horizon Alliance Corp.’s (PHA) board of directors inked a put option agreement with global investment firm LDA Capital Ltd., the listed company said in a disclosure on Wednesday. “The funds to be generated from this agreement are expected to fund the working capital requirement of the parent company and finance the different projects of […]

Japanese chain uses Pinoy ingredients to support food producers during pandemic

1 of 3 JAPANESE food chain Tenya, founded in 1989 by Yoshio Iwashita, has launched a menu called Tenya Lokal in its Philippine franchise that uses local ingredients from local food producers. This is part of the company’s coronavirus response, which aims to help food producers in the country. “This is our way of giving […]

Netflix eyes mobile video games amid slowing subscriber growth

NETFLIX, Inc. said it would make a deeper dive into video games as the movie and TV streaming service projected weak subscriber growth amid growing competition and the lifting of pandemic restrictions that had kept people at home. The company’s shares hovered about even at $531.10 in after hours trading on Tuesday. Netflix is weathering […]

A Brown files shelf registration of 50-M shares

A BROWN Co., Inc. has filed for the shelf registration of 50 million cumulative, nonvoting, non-participating, and nonconvertible peso-denominated perpetual preferred shares, along with an offer supplement for its initial P1.5-billion offering. The company on Wednesday said it submitted a registration statement to the Securities and Exchange (SEC) on Monday. It is subjected for the […]

PSEi ends lower on lockdown fears, Fitch move

BW FILE PHOTO STOCKS declined on Wednesday as investors remained worried about the Delta variant of the coronavirus disease 2019 (COVID-19) and after Fitch Ratings revised its outlook on six Philippine banks to “negative.” The Philippine Stock Exchange index (PSEi) declined by 110.99 points or 1.68% to close at 6,476.21 on Wednesday, while the broader […]

Peso slips on stock market losses, worries over virus

BW FILE PHOTO THE PESO slipped on Wednesday due to losses at the stock market and as coronavirus disease 2019 (COVID-19) infections in the country remained relatively high. The local unit closed at P50.35 per dollar yesterday, barely changed from its P50.34 finish on Monday, based on data from the Bankers Association of the Philippines. […]

Manila, other urban areas tagged as ‘high risk’

RESIDENTS belonging to A1-A5 categories line up for their first dose of the Sinovac COVID-19 vaccine at the Caloocan Central Elementary School. — PHILIPPINE STAR/ MICHAEL VARCAS By Kyle Aristophere T. Atienza, Reporter A GROUP of public health researchers on Wednesday flagged a “significant” increase in daily coronavirus infections Manila and Makati, neighboring cities within […]

SC says it can’t reverse Duterte’s decision to withdraw from ICC

PHILSTAR THE COUNTRY’S Highest Court said in a ruling released Wednesday that it is beyond its authority to reverse President Rodrigo R. Duterte’s decision to withdraw the Philippines from the International Criminal Court (ICC). Nevertheless, the Supreme Court (SC) said the government must still cooperate with the ICC’s investigation on alleged human rights violations in […]

DoJ finds liability in at least 52 cases of anti-drug operations

THE DEPARTMENT of Justice (DoJ) is about to finish its review of 52 cases of police anti-drug operations wherein administrative charges may be filed, according to Justice Secretary Menardo I. Guevarra. “We are about to wind up with the review of 52 cases turned over to us by the PNP-IAS (Philippine National Police-Internal Affairs Service), […]