MANILA, Philippines — Forensic financial analyst Atty. Alexander Cabrera on Monday described the financial operations of Cale 88 Food Corp. as a “revolving door,” calling it a “symptom of money laundering.” Vice President Sara Duterte’s spouse, Atty. Manases Carpio, supposedly held a 47.5% ownership stake in Cale 88 as an incorporator and shareholder from 2021
DMCI Homes of the Consunji Group has reached a major construction milestone for its 7.5-hectare Solmera Coast beachfront estate in Batangas, with the company completing the structural framework of all five buildings in the project’s resort component.
BMI, a unit of Fitch Solutions, has raised its forecast for bank lending growth in the Philippines this year but warned that higher borrowing costs and sluggish economic activity could slow credit expansion through 2027.
The province of Cebu is reaping gains from its intensified tourism promotions and stronger international connectivity as tourist arrivals grew double digits in eight months this year.
For many Filipinos, insurance is seen primarily as protection for difficult moments: an illness, an accident, the loss of a breadwinner or damage caused by a natural disaster.
Congestion at major Asian container ports could take months to ease, with weather disruptions and operational bottlenecks tying up ships, squeezing capacity and driving freight rates higher.
Philex Mining Corp. said mining operations at its Padcal mine remain unrestricted despite an ongoing workers’ strike.
STI Education Systems Holdings Inc., owner of one of the country’s largest networks of private schools, has marked a historic milestone with its 50th year as a publicly listed company in the Philippine Stock Exchange.
The Jollibee Group has tapped First Gen Corp. to power its 189 company-owned fast-food stores in the Philippines with geothermal energy.
KFC Philippines continues to champion inclusive employment as its Senior Crew Program expands to more than 200 KFC stores nationwide, creating more opportunities for qualified senior citizens to stay active, contribute their skills and remain part of the workforce.